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In a recent transaction disclosed on an SEC Form 4 filing, Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), acquired additional shares of the company’s common stock. The purchases, made on May 22, 2025, amounted to a total value of $13,350. The stock was acquired at prices ranging from $1,294.06 to $1,339.56 per share, coming after a notable 10.6% decline in the stock price over the past week. According to InvestingPro data, TPL maintains impressive gross profit margins of 93.5%.
The transactions reflect multiple purchases by Stahl, who is associated with Horizon Kinetics LLC, a firm that manages various funds and accounts. The shares were acquired through entities including Horizon Kinetics Hard Assets, Horizon Credit Opportunity (SO:FTCE11B) Fund LP, and Horizon Common Inc, among others.
These acquisitions were made under a Rule 10b5-1 plan adopted on November 21, 2024, indicating a pre-arranged trading plan. The filing also notes that Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, CEO, and Chief Investment Officer, holds a significant number of shares, although Stahl does not participate in the investment decisions regarding the issuer’s securities.
This latest acquisition increases Stahl’s indirect and direct holdings, reflecting ongoing confidence in the company’s prospects.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, showing a revenue of $196 million, which fell short of the anticipated $228 million. The company’s earnings per share (EPS) were slightly below expectations, at $5.24 compared to the forecasted $5.27. Despite the revenue miss, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4%, with an adjusted EBITDA totaling $169 million. The company also demonstrated a robust financial position with a free cash flow of $127 million, marking an 11% increase year-over-year, and a net cash position of $460 million with zero debt. Texas Pacific achieved a 25% year-over-year growth in oil and gas royalty production, reaching 31,100 barrels of oil equivalent per day, highlighting its solid performance in the energy sector. The company continues to focus on strategic innovations, including desalination projects, aiming for long-term success. Analysts from Texas Capital noted the company’s resilience and potential for growth in water management, emphasizing the importance of produced water in future operations. Texas Pacific Land Corporation remains optimistic about its strategic plans to enhance water management capabilities and explore stock buybacks and acquisitions.
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