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Texas Pacific Land Corp: Horizon Kinetics Buys 1 Share at $901.92 on 2025-08-22.
ByAinvest
Monday, Aug 25, 2025 12:01 pm ET1min read
Texas Pacific Land Corp (TPL) has recently disclosed that Horizon Kinetics Asset Management LLC, a 10% owner, has made a purchase of 1 share at a price of $901.92 per share on August 22, 2025.
Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp (TPL), recently disclosed that it purchased one share of TPL at a price of $901.92 per share on August 22, 2025. This purchase was reported as a Form 4 filing under the Securities and Exchange Commission (SEC) regulations [2].The purchase is notable as it follows a period of significant financial developments for TPL. The company reported disappointing financial results for the second quarter of 2025, missing both earnings per share (EPS) and revenue forecasts. EPS was $5.05, below the expected $5.48, and revenue was $187.54 million, falling short of the projected $204 million [1]. Additionally, TPL announced a dual listing on the NYSE Texas, an electronic equities exchange headquartered in Dallas, while maintaining its primary listing on the New York Stock Exchange [1].
Despite the recent financial setbacks, TPL stands out with its impressive 94.5% gross profit margin and robust balance sheet, maintaining more cash than debt [1]. The company's strategic and financial activities, including the dual listing and recent insider trading, highlight its efforts to diversify and strengthen its market position.
Horizon Kinetics' purchase of one share, while seemingly minor, is part of its ongoing beneficial ownership. The Form 4 filing explicitly references a Schedule 13D amendment showing HKAM's beneficial ownership of 3,578,173 shares and additional interests attributed to Murray Stahl, the company's director [2]. This filing is a routine disclosure of insider activity and updates beneficial ownership figures consistent with prior Schedule 13D reporting.
The purchase was signed by an attorney-in-fact on August 25, 2025, demonstrating transparency and compliance with SEC regulations [2]. The Form 4 filing appears procedural and compliant, updating insider holdings without indicating a material change to governance or control.
References:
[1] https://au.investing.com/news/insider-trading-news/horizon-kinetics-buys-texas-pacific-land-tpl-share-93CH-3986704
[2] https://www.stocktitan.net/sec-filings/TPL/form-4-texas-pacific-land-corporation-insider-trading-activity-2d0a2b5a10de.html
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