Horizon Kinetics buys 1 Texas Pacific Land share for $371

Horizon Kinetics Asset Management LLC, owning a 10% stake in Texas Pacific Land Corp (TPL), purchased one share of the company's common stock on September 14, 2026. The transaction cost the firm $371, with the share priced at $371.73 each. TPL's market value presently stands at $25.76 billion, although experts estimate the shares to be overvalued.

After this acquisition, Horizon Kinetics now holds a total of 3,390,846 shares directly, up from 10,109,933 shares reported in a May 7, 2026 amendment to their Schedule 13D filing. The latest Form 4 filing reaffirms the investment firm's financial interest in the shares.

TPL demonstrates a strong financial standing, with ample cash reserves exceeding its debt and exceptional gross profit margins of 93%. The firm is part of a large portfolio of 1,400+ US equities that benefit from detailed Pro Research Reports, providing investors with in-depth analysis to inform their decisions. In other news, TPL's recent second-quarter 2026 earnings did not meet market expectations, reporting earnings per share of $2.23, below the expected $2.28.

Revenue also fell short, totaling $246.1 million against the forecasted $255.5 million, although the revenue did increase by 31% year-over-year. Despite these earnings disappointments, TPL achieved record quarterly revenue, adjusted EBITDA, and free cash flow. Adjusted EBITDA reached $216 million, marking an impressive 88% margin.

The company's oil and gas production also hit a new high, with 39,700 barrels of oil equivalent produced daily, a 20% increase from the previous year. Additionally, water royalty production set a record at 4.9 million barrels per day.

Looking ahead, TPL is diversifying its portfolio into data center, power, and water infrastructure, with discussions underway for 25 gigawatts of projects. This strategic expansion is highlighted in the article, which was created with AI assistance and reviewed by a human editor for accuracy and quality.