Horizon Kinetics buys 1 Texas Pacific Land share for $371

Horizon Kinetics Asset Management LLC acquired 1 share of Texas Pacific Land Corp (TPL) on September 14, 2026, at a price of $371.73 per share, totaling $371. This acquisition brings the company's direct beneficial ownership in TPL to 3,390,846 shares, up from 10,109,933 shares previously reported in a May 7, 2026, Schedule 13D filing.

Texas Pacific Land, a robust financial position with more cash than debt on its balance sheet and impressive gross profit margins of 93%, reported second-quarter 2026 earnings that missed Wall Street expectations for both profit and revenue. Despite the earnings miss, the company achieved record quarterly revenue, adjusted EBITDA, and free cash flow.

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