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In recent transactions involving Texas Pacific Land Corp (NYSE:TPL), Murray Stahl, a director of the company, along with Horizon Kinetics Asset Management LLC, acquired shares of the company’s common stock. The insider purchase comes as the stock has declined 7.5% over the past week, according to InvestingPro data, while maintaining impressive gross profit margins of 93.5%. The transactions, dated June 3, 2025, involved the purchase of a total of 10 shares, amounting to an overall investment of $11,102. The shares were bought at prices ranging from $1,110.25 to $1,110.62 per share. With a market capitalization of $25.8 billion and a strong financial health score rated as "GOOD" by InvestingPro analysts, the company maintains a solid balance sheet with more cash than debt.
These acquisitions were made under indirect ownership through various entities, including Horizon Kinetics Hard Assets and Horizon Credit Opportunity (SO:FTCE11B) Fund LP. The purchases were conducted under a Rule 10b5-1 plan adopted on November 21, 2024, ensuring a pre-determined schedule for buying stocks.
It’s noted that Horizon Kinetics Asset Management LLC, where Stahl serves as Chairman, Chief Executive Officer, and Chief Investment Officer, was involved in the transactions. However, Stahl does not participate in investment decisions regarding the securities of Texas Pacific Land Corp.
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, narrowly missing the forecasted $5.27. Revenue came in at $196 million, falling short of the anticipated $228 million. Despite this revenue shortfall, Texas Pacific maintained a strong adjusted EBITDA margin of 86.4%. The company achieved a 25% year-over-year growth in oil and gas royalty production, reaching 31,100 barrels of oil equivalent per day. Texas Pacific’s strategic focus on water management and innovative desalination solutions continues to position it for long-term success. Analysts from Texas Capital noted the company’s strong operational performance despite the revenue miss. The company remains committed to leveraging its strong financial position, with a net cash position of $460 million and zero debt, to navigate market challenges and capitalize on growth opportunities.
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