Horizon Kinetics Asset Management LLC recorded the purchase of a single share of Texas Pacific Land Corp (TPL) on January 30, 2026, at a price of $345.57. The recorded total value of that transaction was $345.
Following this acquisition, Horizon Kinetics' reported direct ownership in Texas Pacific Land totals 3,487,703 shares.
Recent operating and financial developments at Texas Pacific Land
Texas Pacific Land Corporation released its third-quarter 2025 financial results, with key metrics missing consensus estimates. The company reported earnings per share (EPS) of $5.27 versus an expected $5.69, representing a 7.38% negative surprise. Revenue for the quarter came in at $203 million, below the forecasted $210 million, a shortfall of 3.3%.
In corporate actions, Texas Pacific Land announced a three-for-one stock split to be recorded on December 22, 2025, with shares to trade on a split-adjusted basis beginning December 23, 2025.
Strategic partnership and related commitments
The company has entered into a strategic partnership with Bolt Data & Energy, an enterprise co-founded by Eric Schmidt. The partnership is intended to develop data center campuses across Texas Pacific Land's holdings. Under the agreement, Texas Pacific Land will make a $50 million investment and will receive equity interest, warrants, and a right of first refusal to supply water to projects affiliated with Bolt.
Analyst coverage
KeyBanc has initiated coverage of Texas Pacific Land Trust with an Overweight rating, citing the company's substantial land and royalty interests in Texas.
What changed with the recent insider filing
The filing showing Horizon Kinetics' one-share purchase and the updated total ownership figure supplements the public record of institutional holdings. Beyond that transaction, the company's latest earnings report, announced stock split, strategic partnership, and new analyst coverage were disclosed in recent public communications.