Bullish indicating open at $55-$60, IPO prices at $37
Director Murray Stahl and Horizon Kinetics acquired Texas Pacific Land Corp (NYSE:TPL) shares worth approximately $11,073 on June 17, 2025. The purchases were executed at prices ranging from $1087.71 to $1109.52. The $24.9 billion market cap company, which boasts impressive gross margins of 93.54%, is currently trading above its InvestingPro Fair Value.
The transactions involved the purchase of common stock. Horizon Kinetics Asset Management LLC acquired shares indirectly through several entities, including Horizon Kinetics Hard Assets (2 shares), HORIZON CREDIT OPPORTUNITY FUND LP (1 share), HORIZON COMMON INC (2 shares), and POLESTAR OFFSHORE FUND LTD (1 share). Horizon Kinetics Asset Management LLC directly acquired one share at $1087.71. Murray Stahl acquired 3 shares directly. The stock has declined 1.13% over the past week, though it maintains strong financial health with a current ratio of 7.8.
Following these transactions, the number of shares owned indirectly by Horizon Kinetics Asset Management LLC is 637,758, while Murray Stahl owns 8,220 shares directly. For comprehensive valuation metrics and detailed analysis of TPL’s financial health, visit InvestingPro, where you’ll find 14+ additional investment insights and a complete Pro Research Report.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, which revealed a slight miss on revenue expectations. The company posted earnings per share of $5.24, just below the forecasted $5.27, while revenue came in at $196 million, falling short of the anticipated $228 million. Despite the revenue shortfall, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4%. The company also highlighted a 25% year-over-year growth in oil and gas royalty production, reaching 31,100 barrels of oil equivalent per day. Texas Pacific continues to focus on strategic innovations, including desalination projects, positioning itself for long-term success. The firm maintained a net cash position of $460 million with zero debt, underscoring its robust financial health. Looking forward, Texas Pacific anticipates significant easement renewal payments starting in 2026, with projected annual renewals of $35 million over the following three years. CEO Ty Glover expressed confidence in the company’s resilience, emphasizing its ability to withstand potential commodity price downturns.
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