Horizon Kinetics Asset Management LLC, an investor that holds about ten percent of Texas Pacific Land Corp (NYSE: TPL), disclosed a purchase of one share of the company s common stock on February 10, 2026. The single-share transaction was executed at a price of $388.01, for a total reported value of $388.
Following the trade, Horizon Kinetics directly owns 3,479,370 shares of Texas Pacific Land. Since that purchase, TPL s share price has traded up to $411.70, which translates to a 15.92% return over the last week.
Company financials and shareholder returns
Texas Pacific Land reported a gross profit margin of 94.13% and has maintained dividend payments for 12 consecutive years. Independent analysis from InvestingPro cited in company commentary indicates the stock is trading above its Fair Value and assigned an overall financial health score of "GREAT." The InvestingPro note also references additional ProTips and research reports available through that service for investors seeking deeper detail.
Strategic partnership with Bolt Data & Energy
Separately, Texas Pacific Land announced a strategic agreement with Bolt Data & Energy to develop large-scale data center campuses across the company's land holdings in West Texas. As part of the arrangement, Texas Pacific Land will invest $50 million, receiving an equity stake and warrants in Bolt, along with a right of first refusal to supply water to projects affiliated with Bolt.
Bolt, which is noted as being co-founded by former Google CEO Eric Schmidt, has raised $150 million in capital to support the data center initiative.
Corporate actions and analyst notes
Texas Pacific Land completed a three-for-one stock split that took effect on December 22, 2025, with a December 12 record date for shareholders. In analyst activity, Texas Capital Securities reiterated a Buy rating with a $390.00 price target and highlighted continuing negotiations around a potential data center development with Alphabet s Google. KeyBanc initiated coverage on the company with an Overweight rating and a $1,050.00 price target, emphasizing Texas Pacific Land s sizeable land and royalty interests in Texas.
What this means for observers
The one-share purchase by Horizon Kinetics is a formal disclosure that accompanies a larger, established stake in Texas Pacific Land. Concurrent corporate moves - including the Bolt partnership, analyst coverage, and recent stock split - provide context for the recent share-price appreciation. Investors evaluating TPL will note the company s high gross margin and extended dividend record alongside the strategic push into data center development on its West Texas land.
Readers should consider the combination of these items together rather than viewing any single disclosure in isolation.