Horizon Kinetics buys $345 of Texas Pacific Land (NYSE:TPL) By Investing.com

Horizon Kinetics Asset Management LLC, a 10% owner and director of Texas Pacific Land Corp (), recently purchased common stock in the company. The transaction, dated August 10, 2026, involved the acquisition of one share of common stock for $345.1, totaling $345. The stock has since risen to $358.5, though InvestingPro analysis suggests the company is currently overvalued relative to its Fair Value.

Following this purchase, Horizon Kinetics Asset Management LLC reported a direct pecuniary interest in 3,244,006 common shares of Texas Pacific Land. The $24.7 billion company trades at a P/E ratio of 46 and boasts impressive gross profit margins of 93%. According to InvestingPro Tips, TPL holds more cash than debt and has maintained dividend payments for 13 consecutive years. Investors can access the comprehensive Pro Research Report for TPL, along with 13 additional ProTips, exclusively on InvestingPro. This figure represents the extent of the firm’s pecuniary interest in shares, which was previously reported as 10,109,933 shares in an amended Schedule 13D filing on May 7, 2026.

In other recent news, Texas Pacific Land reported its second-quarter 2026 earnings, which fell short of Wall Street expectations. The company posted earnings per share of $2.23, missing the forecast of $2.28. Revenue for the quarter reached $246.1 million, below the estimated $255.5 million, despite achieving record quarterly revenue. Texas Pacific Land also reported an adjusted EBITDA of $216 million, reflecting an 88% margin, and highlighted a 31% increase in revenue from the previous year. Oil and gas royalty production averaged 39,700 barrels of oil equivalent per day, marking a 20% year-over-year growth. Produced water royalty volumes reached a record 4.9 million barrels per day, driven by increased demand for pore space. The company is also expanding into data center, power, and water infrastructure, with 25 gigawatts of projects in advanced discussions. These developments underscore Texas Pacific Land’s diverse operational approach, even as it missed profit and revenue expectations.

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