Horizon Kinetics Asset Management LLC, which holds a ten percent stake in Texas Pacific Land Corporation (NASDAQ: TPL), disclosed a purchase of 1 share of common stock on March 25, 2026. The reported per-share price was $538.37 and the filing lists the total transaction value as $538. Following the trade, Horizon Kinetics directly owns 3,467,933 shares of Texas Pacific Land.
The insider purchase was reported in the context of recent company results and analyst activity. In its fourth-quarter 2025 report, Texas Pacific Land recorded earnings per share of $1.79, missing the $1.83 forecast. Revenue for the quarter was $212 million, shy of the $214 million estimate. Those results represent a narrow shortfall relative to consensus figures.
Separately, KeyBanc adjusted its view on Texas Pacific Land, raising the firms price target to $639 from $350 while maintaining an Overweight rating. KeyBanc attributed the increase in part to notable developments related to power generation and data center opportunities on Texas Pacific Lands surface acreage. The analysts also pointed to strong trends within the companys water business segment. In addition, KeyBanc noted heightened investor interest, citing substantial inquiries from a range of investment firms.
Together, the small-scale insider purchase and the analyst upgrade come amid growing attention to the companys surface acreage potential across multiple end markets - including power, data center development and water. The filings provide concrete ownership detail while the corporate results and analyst commentary outline areas of operational focus that market participants are watching closely.
Summary of facts
- Horizon Kinetics Asset Management LLC purchased 1 share of Texas Pacific Land on March 25, 2026, at $538.37; total transaction value listed as $538.
- After the transaction, Horizon Kinetics directly owns 3,467,933 shares.
- Texas Pacific Land reported Q4 2025 EPS of $1.79 versus a $1.83 forecast and revenue of $212 million versus an expected $214 million.
- KeyBanc raised its price target on the shares to $639 from $350 and kept an Overweight rating, citing developments in power generation and data center prospects on the companys surface acreage and positive water segment trends, along with increased investor inquiries.
Context and takeaways
The transaction filing provides a granular view of ownership by a sizable shareholder, while recent company results and analyst commentary highlight the specific business areas drawing attention. The information together signals where analysts and investors are focusing their due diligence within Texas Pacific Lands asset base.