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TPL Texas Pacific Land Corporation

Energy, filed as TEXAS PACIFIC LAND CORP (COM), Equity As of 2026 Q2 among managers we track Quote on Google Finance, opens in a new tab

Sold by 1 manager in 2026 Q2

  • 1 Owner
  • Max 48.6%
  • $4.3B
  • 1 reduce

In 2026 Q2 Murray Stahl trimmed Texas Pacific Land.

Who owns this now

Largest portfolio weights among holders, up to 48.6% (Murray Stahl, Horizon Kinetics Asset Management). Not free-float ownership.

  1. Murray Stahl Reduce 48.6%

Who owns TPL

Sorted by value, long equity only, as of 2026 Q2.

History
Murray Stahl, Horizon Kinetics Asset Management 48.6%, was 51.5% Reduce −2.1% 9,802,899 $4.3B History

Weight bar: held both quarters added sold at this quarter’s reported price

Insider trades

Open-market buys and sales by TPL's executives, directors and 10% owners in the last 12 months, from their Form 4s

All TPL insider trades
  • $579K bought by 4 insiders
  • $1.3M sold by 2 insiders outside a trading plan
  • $1.6M sold by 1 insider under 10b5-1 plans
  1. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $1,364 4 shares at $340.96 +<0.1% to stake
    Traded Sep 29 Filed Oct 1
  2. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $340 1 share at $340.12 +<0.1% to stake
    Traded Sep 28 Filed Sep 29
  3. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $340 1 share at $339.72 +<0.1% to stake
    Traded Sep 25 Filed Sep 29
  4. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $340 1 share at $340.28 +<0.1% to stake
    Traded Sep 24 Filed Sep 25
  5. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $353 1 share at $352.95 +<0.1% to stake
    Traded Sep 23 Filed Sep 24
  6. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $361 1 share at $361.36 +<0.1% to stake
    Traded Sep 22 Filed Sep 23
  7. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $349 1 share at $348.98 +<0.1% to stake
    Traded Sep 21 Filed Sep 22
  8. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $351 1 share at $351.34 +<0.1% to stake
    Traded Sep 18 Filed Sep 21
  9. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $349 1 share at $349.35 +<0.1% to stake
    Traded Sep 17 Filed Sep 18
  10. Peter Doyle Director
    Buy
    $1,858 5 shares at $371.64 +<0.1% to stake
    Traded Sep 15 Filed Sep 17
  11. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $352 1 share at $352.36 +<0.1% to stake
    Traded Sep 16 Filed Sep 17
  12. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $371 1 share at $370.59 +<0.1% to stake
    Traded Sep 15 Filed Sep 16
  13. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $372 1 share at $371.73 +<0.1% to stake
    Traded Sep 14 Filed Sep 15
  14. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $368 1 share at $367.88 +<0.1% to stake
    Traded Sep 11 Filed Sep 14
  15. Horizon Kinetics Asset Management LLC 10% owner
    Buy
    $366 1 share at $366.18 +<0.1% to stake
    Traded Sep 10 Filed Sep 11

Also filed in the last 12 months, not counted as buying or selling: 15 share withholdings for taxes, 14 stock grants, and 12 option exercises.

Congress

2 members of Congress traded TPL in the last three years: 2 buys and 1 sale. 3 members listed it in 2025 annual reports.

All Congress trades
  1. Lisa C. McClain R-MI-9Spouse Sell $1K–$15K Aug 13, 2025 filed Sep 12, 2025
  2. Lisa C. McClain R-MI-9Spouse Buy $1K–$15K Jul 22, 2025 filed Aug 13, 2025
  3. Robert P. Bresnahan, Jr. R-PA-8 Buy $1K–$15K Apr 8, 2025 filed May 8, 2025

SEC filings

Recent issuer filings from EDGAR, 5 shown.

Filed Form Detail Links
DEFA14A
DEF 14A FORM DEF 14A
DEFA14A
8-K 5.02,5.08
DEFA14A

Financials

US-GAAP annual figures by fiscal year, as tagged in Form 10-K. Each value links to its SEC filing.

Income statement

Metric FY2023 FY2024 FY2025
Revenue $631.6M $705.82M $798.19M
Net income $405.64M $453.96M $481.38M
Net margin * 64.2% 64.3% 60.3%

Balance sheet

Metric FY2023 FY2024 FY2025
Total current assets $862.46M $503.37M $319.32M
Total non-current assets * $0.294B $0.745B $1.3B
Total assets $1.16B $1.25B $1.62B
Total current liabilities $44.39M $46.56M $72.6M
Total non-current liabilities * $68.82M $68.99M $91.77M
Total equity $1.04B $1.13B $1.46B

Cash flow

Metric FY2023 FY2024 FY2025
Cash from operations $418.29M $490.67M $545.91M
Cash from investing -$60.31M -$471.75M -$595.85M
Cash from financing -$144.61M -$378.09M -$176.04M
Net change in cash $213.37M -$359.17M -$225.98M

Ownership over time

13Fs that reported it each quarter. Click a bar for that quarter’s holders.