TSX gains after CPI shows US inflation rose 3%
Horizon Kinetics Asset Management LLC, a ten percent owner in Texas Pacific Land Corp (NASDAQ:TPL), has reported purchasing 1 share of common stock. The company, currently valued at $21.6 billion, maintains impressive gross profit margins of 94.5% and has earned a "GREAT" financial health rating according to InvestingPro. The transaction, which occurred on October 20, 2025, involved the acquisition of 1 share at a price of $944.58, totaling $944. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,547 shares of Texas Pacific Land Corp. The stock, which has maintained dividend payments for 12 consecutive years, currently trades near its 52-week low of $845.56, though analysis suggests it may be overvalued. Discover more insights and 13 additional key ProTips for TPL through a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which fell short of analysts’ expectations. The company posted earnings per share of $5.05, missing the forecasted $5.48, resulting in a 7.85% negative surprise. Additionally, revenue was reported at $187.54 million, below the anticipated $204 million, marking an 8.07% shortfall. Meanwhile, Texas Pacific Land announced it will dual list its common stock on the NYSE Texas exchange, starting August 15, 2025, while maintaining its primary listing on the New York Stock Exchange. In another development, board member Eric L. Oliver will not stand for reelection at the 2025 annual meeting but will continue to serve until then.
Terra Property Trust, Inc. disclosed its strategy to repay its 6.00% and 7.00% Senior Notes due in 2026. The company plans to fund these repayments through a mix of loan repayments, asset sales, and other capital sources. Terra Property Trust highlighted its efforts to strengthen its balance sheet by adopting a conservative financing strategy in response to market challenges and higher interest rates.
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