Horizon Kinetics buys Texas Pacific Land (TPL) share for $1,039

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), has disclosed purchasing 1 share of the company’s common stock. The transaction, which occurred on July 10, 2025, involved a price of $1039.87 per share, totaling $1,039.

Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,950 shares of Texas Pacific Land Corp. According to InvestingPro, TPL has maintained dividend payments for 12 consecutive years, with recent dividend growth of 37%. For deeper insights into TPL’s valuation and growth prospects, including 13 additional key ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a revenue shortfall. The company posted earnings per share of $5.24, slightly below the forecasted $5.27, and revenue came in at $196 million, missing the anticipated $228 million. Despite the revenue miss, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4% and achieved a 25% year-over-year growth in oil and gas royalty production. In a separate development, Texas Capital Securities upgraded Texas Pacific Land’s stock from Hold to Buy, citing potential in the company’s desalination project and its position as a consolidator in the Permian Basin. The firm raised the price target to $1,280.00, reflecting confidence in the company’s strategic initiatives. Texas Pacific’s management is optimistic about advancing its desalination project and exploring power generation and data center opportunities by the year’s end. The company also highlighted its robust financial health, with a net cash position of $460 million and no debt. Texas Pacific remains focused on strategic innovations, particularly in water management, to support long-term growth.

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