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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), reported purchasing shares of common stock on June 24, 2025. The transactions, all purchases, amounted to a total value of $10,401. The $24.1 billion market cap company has demonstrated impressive financial health, earning a "GREAT" rating from InvestingPro’s comprehensive analysis, with notably high gross profit margins of 93.5%.
The purchases involved a total of 11 shares, with prices ranging from $1039.48 to $1046.14. These shares were acquired across multiple entities including Horizon Kinetics Hard Assets, HORIZON CREDIT OPPORTUNITY FUND LP, HORIZON COMMON INC, POLESTAR OFFSHORE FUND LTD, Horizon Kinetics Asset Management LLC and directly. According to InvestingPro analysis, TPL currently appears overvalued compared to its Fair Value, though the stock has maintained dividend payments for 12 consecutive years.
Following these transactions, Horizon Kinetics Asset Management LLC and related entities now hold significant positions in Texas Pacific Land Corp. The company’s strong financial position is reflected in its current ratio of 7.8, indicating robust liquidity. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the full Pro Research Report available on InvestingPro.
In other recent news, Texas Pacific Land Corporation (TPL) reported its first-quarter earnings for 2025, revealing a slight miss on revenue expectations. The company posted earnings per share (EPS) of $5.24, narrowly missing the forecasted $5.27, while revenue came in at $196 million, falling short of the anticipated $228 million. Despite the revenue miss, TPL maintained a strong adjusted EBITDA margin of 86.4% and a free cash flow of $127 million, marking an 11% increase year-over-year. The company also demonstrated robust operational performance with a 25% year-over-year growth in oil and gas royalty production, averaging 31,100 barrels of oil equivalent per day. TPL continues to focus on strategic innovations, including desalination projects, and anticipates significant easement renewal payments starting in 2026. The company is exploring opportunities for stock buybacks and the acquisition of high-quality royalty assets. TPL’s financial health remains strong, with a net cash position of $460 million and zero debt, as confirmed by CFO Chris Steadham. The company is strategically positioned to withstand potential market downturns, as emphasized by CEO Ty Glover.
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