Horizon Kinetics, 10% owner, buys $381 in Texas Pacific Land (TPL)

On August 21, 2026, Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp (TPL), bought 1 share of the company's common stock. The transaction took place at a price of $381.51 per share, amounting to a total transaction value of $381.51. Following this purchase, Horizon Kinetics now owns a total of 3,244,015 shares of Texas Pacific Land common stock, as reported in a recent SEC Form 4 filing.

The company, valued at $25.8 billion, has shown impressive performance with shares increasing by 27% over the past year and 34% year-to-date. This filing also confirms an amendment made to the reporting person's Schedule 13D on May 7, 2026, which initially reported beneficial ownership of 10,109,933 shares. The Form 4 details the exact nature of Horizon Kinetics Asset Management LLC's stake in the shares listed in the Schedule 13D, with the filing signed by Jay Kesslen, attorney-in-fact, on August 24, 2026.

InvestingPro analysis suggests that TPL is currently trading above its Fair Value, positioning it on the platform's Most Overvalued list. For those interested in a deeper analysis of TPL, the company's Pro Research Report is available, one of over 1,400 reports that convert complex data into actionable intelligence. Meanwhile, Texas Pacific Land recently reported its second-quarter 2026 earnings, which fell short of analyst expectations.

The company reported earnings per share of $2.23, falling short of the projected $2.28, and revenue of $246.1 million, below the estimated $255.5 million. Despite these financial results, Texas Pacific Land demonstrated strong operating leverage with an adjusted EBITDA of $216 million and an 88% margin. The company also reported a 20% year-over-year increase in oil and gas royalty production, averaging 39,700 barrels of oil equivalent per day, and achieved a record in produced water royalty volumes at 4.9 million barrels per day.

Additionally, Texas Pacific Land is expanding into new sectors, including data centers, power, and water infrastructure, with discussions underway regarding 25 gigawatts of projects in advanced stages. These strategic expansions highlight the company's focus on diversifying its revenue streams to bolster its market position.