SEC EDGARSEP 171 min read$TPL

HORIZON KINETICS ASSET MANAGEMENT LLC purchased $352 of TPL

HORIZON KINETICS ASSET MANAGEMENT LLC purchased 1 shares of Texas Pacific Land Corp (TPL) at $352.36 on 2026-09-16.

Original reporting

SEC EDGAR · HORIZON KINETICS ASSET MANAGEMENT LLC

Published Sep 17, 2026, 2:43 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Sep 17, 2026, 2:47 PM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

AlphAI market briefInsider activity

Primary signal

$TPL

Neutral

high confidence

Mentioned

$TPL

Relevance

4/10

AlphAI data visualization · based on SEC EDGAR

Decision brief

The 30-second read

$TPLNeutralLow

Why it matters

The disclosed purchase is minimal and unlikely to affect market perception or price.

Market read

Minor insider transaction with negligible market impact.

What to watch

Potential future larger purchases not disclosed; monitor future Form 4 filings for pattern.

Relevance 4/10Novelty 5/10Timing: post-market 2026-09-16

Background

Form 4 filings disclose insider trades; investors watch for signals from large shareholders.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$TPLNeutralHigh confidence

Context

Horizon Kinetics Asset Management LLC filed a Form 4 reporting a purchase of 1 share of Texas Pacific Land Corp at $352.36 per share.

Expected impact

No material price movement expected.

Evidence & confidence

The transaction size is trivial relative to the insider's total holdings (3.39M shares) and overall float, so market impact is minimal.

Market effects

Sector

None; transaction is company‑specific.

Regional

None; limited to Texas Pacific Land Corp shareholders.

Global

None

Counterpoint

What could challenge this read

Even a tiny purchase by a large insider could signal confidence, but the size is too small to act on.

Key entities

Insider
Horizon Kinetics Asset Management LLC
10% owner of Texas Pacific Land Corp filing a Form 4 purchase.
Company
Texas Pacific Land Corp
Issuer of the shares purchased.

Read at source ← All news

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Shares of Liberty Energy, Green Plains, Murphy Oil, Patterson-UTI, and Texas Pacific Land rose after crude oil prices climbed due to strikes on Saudi energy facilities. Brent crude futures rose $1.00 to over $98.00 a barrel, and WTI crude futures increased over $2.00 to $93.65 a barrel, according to Reuters. Higher oil prices benefit oil and gas producers by expanding profit margins and boosting cash flow.

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Texas Pacific Land (NYSE:TPL) reported Q2 revenues of $246.1M, up 31.2% YoY but missing estimates. Matador Resources (NYSE:MTDR) reported $1.19B in revenues, up 32.5% YoY and beating estimates. Diamondback Energy (NASDAQ:FANG) reported $5.56B in revenues, up 51.2% YoY and exceeding expectations. Stocks reacted accordingly, with MTDR up 18% and TPL down 2.4%.

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U.S. Shale E&P Stocks Q2 Highlights: Viper Energy (NASDAQ:VNOM)

Texas Pacific Land (NYSE:TPL) reported $246.1M in Q2 revenue, up 31.2% YoY but missing estimates. Northern Oil and Gas (NYSE:NOG) saw revenue decline 7.9% YoY to $588.7M, beating expectations. Riley Exploration Permian (NYSE:REPX) reported $165.9M in revenue, up 94.2% YoY, exceeding estimates. Stocks reacted accordingly post-earnings.

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AUG 9

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Texas Pacific Land Q2 Earnings Call Highlights

Texas Pacific Land (NYSE:TPL) reported Q2 produced-water royalty volumes of 4.9 million bpd, up 6% sequentially and 15% year over year, and water sales of 663,000 bpd, down 19% QoQ and up 38% YoY, citing gas-price effects. SLEM revenue rose to $24 million (+37% QoQ). TPL began commissioning its Orla Phase 2B desalination facility and reaffirmed full-year capex guidance of $65-$75 million.

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AUG 5

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Texas Pacific Land (NYSE:TPL) Reports Sales Below Analyst Estimates In Q2 CY2026 Earnings

Texas Pacific Land (NYSE:TPL) reported Q2 CY2026 results. Revenue rose 31.2% year on year to $246.1 million but fell short of Wall Street estimates. GAAP profit was $2.23 per share, 2.1% above consensus, and adjusted EBITDA beat estimates by 1.7%. The stock rose 1.1% to $385.69 after the release.

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