Horizon Kinetics Asset Management LLC, which holds an approximate ten percent stake in Texas Pacific Land Corp (NYSE: TPL), reported the acquisition of one share of the oil-and-land focused company on February 5, 2026. The transaction was executed at a price of $341.52 for a total value of $341. Following the purchase, Horizon Kinetics directly owns 3,479,367 shares of Texas Pacific Land.
Alongside the insider activity, Texas Pacific Land released its third-quarter financial results for 2025. The company posted earnings per share of $5.27, below the consensus forecast of $5.69 - a negative surprise of 7.38%. Revenue for the quarter was $203 million, short of the $210 million that had been expected, representing a 3.3% shortfall.
In the same announcement, Texas Pacific Land described a strategic agreement with Bolt Data & Energy aimed at developing large-scale data center campuses across portions of the company’s Texas land holdings. The arrangement includes a $50 million investment from Texas Pacific Land into the venture. In return, the company will receive an equity interest, warrants, and a right of first refusal to provide water to projects affiliated with Bolt.
Texas Pacific Land also confirmed corporate-actions timing tied to its previously announced stock split. The three-for-one split is scheduled to take effect on December 22, 2025, with a record date of December 12, 2025.
On the research front, KeyBanc has initiated coverage of Texas Pacific Land with an Overweight rating, citing the company’s substantial land and royalty positions within Texas as the rationale for the call.
This combination of a marginal insider purchase, a quarterly performance miss, a strategic capital deployment into data-center development, and analyst initiation comprises the latest publicly disclosed movements for Texas Pacific Land. The single-share purchase by a sizable shareholder is recorded in regulatory filings and updates the direct ownership total held by Horizon Kinetics.
Summary of material items disclosed:
- Horizon Kinetics bought 1 share of TPL on February 5, 2026, at $341.52; direct holdings now total 3,479,367 shares.
- Q3 2025 EPS was $5.27 versus $5.69 expected - a 7.38% negative surprise; revenue was $203 million versus $210 million expected - a 3.3% shortfall.
- Strategic partnership with Bolt Data & Energy to develop data center campuses; TPL to invest $50 million and receive equity, warrants, and a right of first refusal on water supply for Bolt projects.
- Three-for-one stock split to take effect December 22, 2025; record date December 12, 2025.
- KeyBanc initiated coverage with an Overweight rating, citing significant land and royalty interests.