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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), has disclosed purchasing 1 share of common stock on July 17, 2025, at a price of $992.87. The company, currently valued at $23.08 billion, boasts impressive gross profit margins of 93.54% and maintains a GREAT financial health score according to InvestingPro analysis. The total value of the purchase was $992. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,955 shares
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, which showed a slight miss on revenue expectations. The company posted earnings per share of $5.24, just below the forecasted $5.27, while revenue reached $196 million, falling short of the anticipated $228 million. Despite the revenue miss, Texas Pacific Land maintained a strong adjusted EBITDA margin of 86.4%. The company achieved a 25% year-over-year growth in oil and gas royalty production, highlighting its robust position in the energy sector. In a related development, Texas Capital Securities upgraded Texas Pacific Land’s stock rating from Hold to Buy, raising the price target to $1,280.00. This upgrade follows positive meetings with the company’s management and a favorable outlook on its desalination project. Texas Capital Securities also noted Texas Pacific Land as a potential consolidator of large ranches in the Permian Basin. These recent developments reflect Texas Pacific Land’s ongoing strategic focus on water management and innovative desalination solutions.
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