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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), has increased its stake in the company. According to a Form 4 filing with the Securities and Exchange Commission, the firm purchased 1 share of common stock at $1075.8 on July 3, 2025. TPL, currently valued at $24 billion, maintains impressive gross profit margins of 93.5% and boasts a "GREAT" financial health rating according to InvestingPro analysis.
This single transaction amounted to a total investment of $1,075.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,946 shares of Texas Pacific Land Corp.
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 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 maintained a strong adjusted EBITDA margin of 86.4%. Additionally, the company achieved a 25% year-over-year growth in oil and gas royalty production, reaching 31,100 barrels of oil equivalent per day. In terms of strategic projects, Texas Pacific continues to focus on desalination initiatives, with plans to commercially de-risk its project by the end of the year. Texas Capital Securities recently upgraded Texas Pacific’s stock rating from Hold to Buy, citing the company’s potential in desalination and power generation projects. The firm also highlighted Texas Pacific as a potential consolidator of larger ranches in the Permian Basin. With no debt and a net cash position of $460 million, Texas Pacific is well-positioned to capitalize on future opportunities.
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