Texas Pacific Land Corp director Murray Stahl buys $12,676 in shares

In a recent filing with the Securities and Exchange Commission, Texas Pacific Land Corp (NYSE:TPL), a $29.1 billion market cap company currently trading at $1,266.10, disclosed that its director, Murray Stahl, made several stock acquisitions on May 23, 2025. According to InvestingPro analysis, TPL currently trades above its Fair Value, with impressive gross profit margins of 93.54%. The transactions, carried out through various entities associated with Stahl, involved the purchase of a total of nine shares of common stock. The shares were acquired at prices ranging from $1,267.64 to $1,268.02, amounting to a total purchase value of $12,676. TPL has maintained dividend payments for 12 consecutive years, with a current dividend yield of 0.5%.

The acquisitions were conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a trading plan for selling stocks they own. This plan was adopted on November 21, 2024. The transactions reflect indirect ownership through entities like Horizon Kinetics Hard Assets and Horizon Kinetics Asset Management LLC, among others.

Murray Stahl, who is also the Chairman, CEO, and Chief Investment Officer of Horizon Kinetics Asset Management LLC, does not participate in investment decisions regarding Texas Pacific Land Corp securities, as noted in the footnotes of the filing. The filing further clarifies that Stahl’s beneficial ownership is limited to his pecuniary interest in these shares. Discover 14 additional key insights about TPL and access comprehensive valuation analysis with a subscription to InvestingPro.

In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, showing a slight miss on revenue expectations. The company posted earnings per share of $5.24, just below the forecasted $5.27, while revenue was $196 million, falling short of the anticipated $228 million. Despite the revenue miss, Texas Pacific Land Corporation maintained a strong adjusted EBITDA margin of 86.4% and demonstrated 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, and it holds a net cash position of $460 million with zero debt.

In terms of strategic initiatives, Texas Pacific Land Corporation continues to focus on water management and desalination projects, with plans to enhance its water management capabilities. Looking ahead, the company anticipates significant easement renewal payments starting in 2026, with projected annual renewals of $35 million over the following three years. The company’s strategic focus and robust financial health suggest potential for future growth, as noted by CEO Ty Glover. Additionally, analysts from Texas Capital highlighted the ongoing demand for water handling in the Delaware Basin, which could impact future business segments.

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