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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NASDAQ:TPL), has disclosed purchasing 1 share of common stock in a transaction dated October 29, 2025. The share was bought at a price of $912.12, for a total transaction value of $912. Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,162,554 shares of Texas Pacific Land Corp.
In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which fell short of expectations. The company disclosed earnings per share of $5.05, missing the anticipated $5.48, and reported revenue of $187.54 million, below the forecasted $204 million. Additionally, Texas Pacific Land has secured a $500 million revolving credit facility, backed by twelve financial institutions, with a five-year maturity and an interest rate tied to its debt-to-EBITDA leverage ratio. The company also announced a dual listing on the NYSE Texas exchange, while maintaining its primary listing on the New York Stock Exchange. Furthermore, board member Eric L. Oliver will step down after the 2025 annual meeting, with no disagreements cited as the reason for his departure. Meanwhile, Terra Property Trust has outlined its strategy for repaying senior notes due in 2026, using a mix of loan repayments, asset sales, and other capital sources. The company is adopting a conservative financing strategy in response to challenges in the commercial real estate market. These developments reflect ongoing strategic decisions and financial maneuvers by both Texas Pacific Land and Terra Property Trust.
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