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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), acquired 1 share of common stock on June 27, 2025, at a price of $1069. The total value of this transaction was $1,069. The $24.25 billion market cap company boasts impressive financials, with a remarkable 93.54% gross profit margin and maintains a "GREAT" financial health score according to InvestingPro analysis.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,166,252 shares of Texas Pacific Land Corp. Trading at a P/E ratio of 52.82, current analysis suggests the stock is trading above its Fair Value. For deeper insights into TPL’s valuation and access to 13 additional exclusive ProTips, explore 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 shortfall in revenue expectations. The company posted earnings per share of $5.24, slightly below the projected $5.27, while revenue reached $196 million, missing the anticipated $228 million. Despite the revenue miss, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4%, highlighting robust operational performance. Texas Capital Securities upgraded Texas Pacific Land’s stock from Hold to Buy, citing potential in the company’s desalination project and its role as a consolidator in the Permian Basin. The firm increased the price target to $1,280.00 from $1,240.00. Texas Pacific Land also reported a 25% year-over-year growth in oil and gas royalty production, demonstrating its strong position in the energy sector. The company continues to focus on strategic innovations, including its desalination projects, which are expected to advance by the end of the year. Texas Pacific Land’s financial health remains robust, with a net cash position of $460 million and zero debt.
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