Texas Pacific Land shares surge 5.49% after-hours as Horizon Kinetics buys 1 share for $341.52.

Texas Pacific Land surged 5.49% in after-hours trading following a strategic partnership with Bolt Data & Energy, a $50 million investment, and a 3-for-1 stock split announcement. Horizon Kinetics, a 10% stakeholder, purchased 1 share at $341.52, signaling confidence. Additionally, KeyBanc initiated "Overweight" coverage, citing TPL’s Texas land and royalty interests. These developments, including the data center campus development and corporate governance updates, outweighed prior earnings misses, driving the post-market rally.