Horizon Kinetics Asset Management LLC, holding a significant stake of 10% in Texas Pacific Land Corp (NYSE: TPL), purchased a single share of common stock on January 22, 2026. The acquisition was made at a price of $345.78, valuing the transaction at just over $345.
Post-transaction, Horizon Kinetics retains direct ownership of 3,487,697 shares in Texas Pacific Land, maintaining its substantial investment position within the company.
Separately, the latest financial results for Texas Pacific Land revealed that its third-quarter earnings per share (EPS) came in at $5.27, falling short of the analyst consensus estimate of $5.69 by 7.38%. Likewise, revenue for the quarter totaled $203 million, which was 3.3% below expectations of $210 million, signaling a modest underperformance relative to forecasts.
In a significant strategic development, Texas Pacific Land embarked on a partnership with Bolt Data & Energy, aimed at creating expansive data center campuses on lands the company owns in West Texas. This venture is bolstered by a $50 million investment TPL made into Bolt Data & Energy. Bolt, founded in part by former Google CEO Eric Schmidt, provides TPL with equity stakes and additional associated benefits as part of the collaboration.
Adding to corporate actions, Texas Pacific Land announced a three-for-one stock split effective December 22, 2025, with trading on a split-adjusted basis starting the following day. KeyBanc also initiated coverage of Texas Pacific Land Trust, assigning an Overweight rating and emphasizing the company’s sizable landholdings and royalty interests within the Texas market.
These developments together reflect an active phase for Texas Pacific Land, encompassing financial reporting, strategic partnerships in the data infrastructure sector, and adjustments to share structure that may affect investor liquidity and market perception.