Horizon Kinetics Asset Management LLC, identified as a ten percent owner of Texas Pacific Land Corp (NASDAQ: TPL), disclosed the purchase of one share of common stock on January 29, 2026. The trade was completed at $355.41 per share, representing a total outlay of $355. Following the transaction, Horizon Kinetics directly holds 3,487,702 shares of Texas Pacific Land Corp.
The single-share acquisition is recorded amid a series of material developments for Texas Pacific Land. In its third quarter of 2025, the company reported earnings that missed market expectations. Texas Pacific Land posted earnings per share of $5.27 versus the consensus expectation of $5.69, and reported revenue of $203 million compared with the anticipated $210 million.
Alongside the quarterly results, Texas Pacific Land disclosed a strategic agreement with Bolt Data & Energy to develop large-scale data center campuses. As part of that arrangement, TPL will commit $50 million to the venture. The agreement grants Texas Pacific Land an equity stake, warrants, and a right of first refusal to supply water to projects affiliated with Bolt.
Shareholders were also given details on a forthcoming stock split. The company set December 22, 2025, as the effective date for a three-for-one split. The record date for determining shareholders entitled to the split is December 12, and trading on a split-adjusted basis is scheduled to begin on December 23.
On the research side, KeyBanc initiated coverage on Texas Pacific Land Trust with an Overweight rating, highlighting the company's substantial ownership of land and royalty interests in Texas. That initiation was noted among the company updates disclosed alongside the financial and strategic developments.
Collectively, the filings and announcements portray a company managing near-term financial results while deploying capital into a new partnership and preparing for a structural change to its share count. The reported one-share purchase by Horizon Kinetics is recorded against this backdrop of operating results, business development activity, and analyst interest.
Context and disclosure of transactions
The Horizon Kinetics filing specifies the exact trade price and quantity, and the post-transaction share total. The company-level disclosures specify actual reported financial outcomes, the full terms noted for the Bolt Data & Energy partnership including the $50 million investment and the contractual rights, and the calendar dates tied to the stock split and its trading adjustment.
What is clear from the public filings
- Horizon Kinetics purchased 1 share of TPL at $355.41 on January 29, 2026 and now directly owns 3,487,702 shares.
- Texas Pacific Land missed third-quarter 2025 EPS and revenue expectations with EPS of $5.27 and revenue of $203 million.
- Texas Pacific Land agreed to invest $50 million in a data-center partnership with Bolt Data & Energy, receiving equity, warrants, and a right of first refusal to supply water to affiliated projects.
- The company set a three-for-one stock split effective December 22, 2025, with a December 12 record date and split-adjusted trading to begin December 23.
- KeyBanc initiated coverage on Texas Pacific Land Trust with an Overweight rating, citing significant land and royalty holdings in Texas.