Horizon Kinetics buys Texas Pacific Land (TPL) share at $964

Horizon Kinetics Asset Management LLC, a ten percent owner in Texas Pacific Land Corp (NYSE:TPL), reported purchasing 1 share of common stock on October 7, 2025, at a price of $964.32, for a total transaction value of $964. The $21.5 billion market cap company maintains impressive gross profit margins of 94.5% and has earned a "GREAT" financial health rating according to InvestingPro.

Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,538 shares of Texas Pacific Land Corp. InvestingPro analysis reveals the company has maintained dividend payments for 12 consecutive years, with extensive financial metrics and insights available in the Pro Research Report.

In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, revealing a shortfall in both earnings per share (EPS) and revenue. The company’s EPS was $5.05, falling short of the expected $5.48, which marked a 7.85% negative surprise. Additionally, revenue came in at $187.54 million, missing the forecasted $204 million by 8.07%. In another development, Texas Pacific Land announced its decision to dual list its common stock on NYSE Texas, a new electronic equities exchange in Dallas, while maintaining its primary listing on the New York Stock Exchange. The company will begin trading on NYSE Texas on August 15, 2025, as a Founding Member. Furthermore, board member Eric L. Oliver has informed the company of his decision not to seek reelection at the 2025 annual meeting of stockholders. Mr. Oliver will continue to serve as a director until the meeting. His decision is not due to any disagreement with the company or its board. These are the latest developments surrounding Texas Pacific Land Corporation.

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