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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), reported purchasing 1 share of common stock on July 2, 2025, at a price of $1,066.31. The total value of this transaction was $1,066. TPL, with a market capitalization of $24.7 billion, maintains impressive gross profit margins of 93.5% and boasts a "GREAT" financial health score according to InvestingPro analysis.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,945 shares of Texas Pacific Land Corp. While current analysis suggests the stock may be trading above its Fair Value, InvestingPro highlights 13 additional key factors that could influence investment decisions. Access the comprehensive Pro Research Report for deeper insights into TPL’s valuation and growth prospects.
The information comes from a Form 4 filing with the Securities and Exchange Commission.
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 forecast of $5.27, while revenue was $196 million, missing the anticipated $228 million. Despite the revenue miss, Texas Pacific Land maintained a robust adjusted EBITDA margin of 86.4% and achieved a 25% year-over-year growth in oil and gas royalty production. Additionally, Texas Capital Securities upgraded Texas Pacific Land’s stock rating from Hold to Buy, citing the company’s desalination project as a key factor for this decision. The firm anticipates that the company will de-risk its desalination project and advance its 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 over the next few years. The company remains focused on strategic innovations, including its desalination efforts, which are expected to contribute to long-term success.
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