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Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp (NYSE:TPL), has reported purchasing 1 share of the company’s common stock at $1004.61 on July 18, 2025. The company, currently valued at $23 billion, boasts impressive gross profit margins of 93.5% and maintains a "GREAT" financial health rating according to InvestingPro analysis. The total value of the purchase amounted to $1004.
Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,163,956 shares of Texas Pacific Land Corp.
The transaction was signed off by Jay Kesslen, attorney-in-fact, on July 21, 2025.
In other recent news, Texas Pacific Land Corporation reported its first-quarter earnings for 2025, revealing that revenue fell short of expectations. The company posted earnings per share of $5.24, slightly below the forecasted $5.27, while revenue came in at $196 million, missing the anticipated $228 million. Despite the revenue shortfall, Texas Pacific Land maintained a strong adjusted EBITDA margin of 86.4% and achieved a 25% year-over-year growth in oil and gas royalty production. Texas Capital Securities upgraded Texas Pacific Land’s stock rating from Hold to Buy, citing optimism about the company’s desalination project and potential consolidation of larger ranches in the Permian Basin. The firm also raised the price target for the stock to $1,280.00 from $1,240.00. Texas Pacific Land continues to focus on strategic innovations, including water management and desalination projects, which are expected to bolster long-term growth. The company maintains a robust financial position with a net cash position of $460 million and zero debt. Additionally, Texas Pacific Land is exploring opportunities for stock buybacks and the acquisition of high-quality royalty assets.
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