Texas Pacific Land Corp sees $11,123 in stock purchases by director

Published 06/06/2025, 17:06
Texas Pacific Land Corp sees $11,123 in stock purchases by director

In a recent flurry of transactions, Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), acquired common stock valued at approximately $11,123. The purchases, conducted on June 5, 2025, involved a total of nine shares, with prices ranging from $1,106.87 to $1,112.96 per share. These acquisitions were made under a Rule 10b5-1 trading plan, which Stahl adopted in November 2024. The company, currently valued at $25.95 billion, maintains impressive gross profit margins of 93.54% and boasts strong financial health according to InvestingPro analysis.

The transactions were carried out through various entities associated with Horizon Kinetics Asset Management LLC, where Stahl holds leadership roles. Despite his positions, Stahl does not exercise investment discretion over the securities of Texas Pacific Land Corp. The purchases add to the indirect holdings managed by Horizon Kinetics, illustrating continued interest in Texas Pacific Land Corp’s potential. For deeper insights into TPL’s valuation and 16 additional key investment tips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing a miss on revenue forecasts. The company posted earnings per share (EPS) of $5.24, slightly below the expected $5.27, while revenue reached $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 strategic focus on water management and desalination projects continues to position it for long-term success. Analyst firms have not provided any new upgrades or downgrades following the earnings announcement. Texas Pacific’s leadership highlighted the company’s resilience to potential commodity price downturns and emphasized its strong financial health, with a net cash position of $460 million and zero debt. The company also anticipates significant easement renewal payments starting in 2026, projecting annual renewals of $35 million over the following three years.

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