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In a recent series of transactions, Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), purchased a total of seven shares of the company’s common stock. The transactions, which occurred on May 29, 2025, were executed at prices ranging from $1,205 to $1,219.54 per share, amounting to a total investment of $12,180. The stock, currently trading at $1,125.20, has shown remarkable strength with a 98.75% return over the past year. According to InvestingPro analysis, TPL currently trades above its Fair Value, with impressive gross profit margins of 93.54%.
These acquisitions were made indirectly through various entities associated with Stahl, including Horizon Kinetics Hard Assets and Horizon Kinetics Asset Management LLC, among others. Notably, these purchases were made under a Rule 10b5-1 plan adopted in November 2024, as disclosed in the filing. The company, with a market capitalization of $26 billion, maintains strong financial health, earning a "GOOD" rating from InvestingPro’s comprehensive analysis system.
Stahl’s involvement with Horizon Kinetics Asset Management LLC was highlighted in a previous amendment to a Schedule 13D filing, which noted beneficial ownership of over 3.5 million shares, though Stahl himself does not exercise investment discretion over these securities. The company has maintained dividend payments for 12 consecutive years, with a current dividend yield of 0.53%. For deeper insights into TPL’s valuation and growth prospects, investors can access the detailed Pro Research Report available on InvestingPro, which offers comprehensive analysis of over 1,400 US stocks.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a slight miss in revenue expectations. The company posted earnings per share of $5.24, narrowly missing the forecasted $5.27, with revenue coming in at $196 million, falling short of the anticipated $228 million. Despite this, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4% and achieved a 25% year-over-year growth in oil and gas royalty production. The company’s free cash flow increased by 11% year-over-year, reaching $127 million, highlighting its robust financial health. Texas Pacific has no debt and holds a net cash position of $460 million. The company continues to focus on strategic innovations, including desalination projects, and anticipates significant easement renewal payments starting in 2026. Analysts from Texas Capital noted the company’s growth potential in water management, expecting produced water to continue to grow rapidly over the next decade.
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