SEC EDGARSEP 221 min read$TPL

HORIZON KINETICS ASSET MANAGEMENT LLC purchased $349 of TPL

HORIZON KINETICS ASSET MANAGEMENT LLC purchased 1 shares of Texas Pacific Land Corp (TPL) at $348.98 on 2026-09-21.

Original reporting

SEC EDGAR · HORIZON KINETICS ASSET MANAGEMENT LLC

Published Sep 22, 2026, 1:45 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Sep 22, 2026, 3:29 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 purchase adds a single share to an already large stake, offering no new information for traders.

Market read

Routine insider purchase with negligible market impact.

What to watch

Potential future strategic moves by the 10% owner are not disclosed.

Relevance 4/10Novelty 3/10Timing: post‑market 2026‑09‑21

Background

Form 4 filing reports insider transactions; Horizon Kinetics is a 10% owner of TPL.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$TPLNeutralHigh confidence

Context

Horizon Kinetics Asset Management LLC bought 1 share of Texas Pacific Land Corp for $349, increasing its stake to 3,390,851 shares.

Expected impact

No material price impact expected.

Evidence & confidence

Transaction size is trivial relative to holdings and market cap.

Market effects

Sector

None; Texas Pacific Land operates in land and mineral rights, not sector‑wide impact.

Regional

No regional effect; transaction is localized to the company.

Global

None.

Counterpoint

What could challenge this read

Even small insider buys can signal confidence, but size is too small to matter.

Key entities

Insider
Horizon Kinetics Asset Management LLC
10% owner of Texas Pacific Land Corp.
Company
Texas Pacific Land Corp
Issuer of the reported insider transaction.

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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AUG 27

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U.S. Shale E&P Stocks Q2 Results: Benchmarking Chord Energy (NASDAQ:CHRD)

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%.

finance.yahoo.com2 min

AUG 25

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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.

finance.yahoo.com3 min

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.

finance.yahoo.com7 min

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.

financialcontent.com4 min