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Horizon Kinetics buys Texas Pacific Land (TPL) share for $1,014

Published 16/07/2025, 16:36
Horizon Kinetics buys Texas Pacific Land (TPL) share for $1,014
TPL
-0.62%

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NASDAQ:NYSE:TPL), has disclosed purchasing 1 share of common stock at $1014.80 on July 15, 2025. The total value of the purchase was $1,014. The purchase comes as TPL maintains impressive gross profit margins of 93.5% and has sustained dividend payments for 12 consecutive years, according to InvestingPro data.

Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,953 shares of Texas Pacific Land Corp. The company, currently valued at $22.2 billion, shows strong financial health with a current ratio of 7.8x, though it trades above its Fair Value. Discover more insights with InvestingPro, which offers 12+ additional exclusive tips for TPL.

In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a slight miss on revenue expectations. The company posted earnings per share of $5.24, narrowly missing the forecasted $5.27, while revenue came in at $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% and demonstrated robust operational performance with a 25% year-over-year growth in oil and gas royalty production. In another development, Texas Capital Securities upgraded Texas Pacific Land’s stock rating from Hold to Buy, raising the price target to $1,280.00 from $1,240.00. This upgrade comes as the firm believes the company will commercially de-risk its desalination project and advance power generation and data center opportunities by the end of the year. Texas Capital Securities also views Texas Pacific Land as a potential consolidator of larger ranches in the Permian Basin. The company continues to focus on strategic innovations, including desalination projects, positioning itself for long-term success.

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