Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp, reported two small stock awards of common stock. It received grant or award acquisitions of 1 share on May 8, 2026 at $402.00 per share and 1 share on May 11, 2026 at $401.44 per share. After these transactions, its directly held common stock positions were reported as 3,395,608 and then 3,395,609 shares. A footnote notes that an amended Schedule 13D filed on May 7, 2026 reported beneficial ownership of 10,109,933 shares, with the extent of pecuniary interest in those shares described in this filing.
DOYLE PETER reported acquisition or exercise transactions in this Form 4 filing.
Texas Pacific Land Corp director Peter Doyle reported an equity grant and updated holdings. He received 254 shares of Common Stock as part of the stock portion of his annual board retainer, bringing his directly held shares to 147,139. The filing also lists indirect holdings of 1,805 and 11,286 shares held in trusts for which his spouse serves as trustee.
Horizon Kinetics Asset Management LLC, a more-than-10% owner of Texas Pacific Land Corp, reported an open-market purchase of 1 share of common stock on May 7, 2026 at $401.32 per share. Following this transaction, it directly held 3,395,607 shares of Texas Pacific Land common stock.
A related footnote states that on the same date Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D reporting beneficial ownership of 10,109,933 shares, with the extent of its pecuniary interest in those shares described in that Schedule 13D.
Horizon Kinetics Asset Management LLC, a more than 10% owner of Texas Pacific Land Corp, made an open-market purchase of 1 share of common stock on May 6, 2026 at $419.02 per share. After this small transaction, it directly holds 3,395,606 shares in this account.
A related Schedule 13D amendment filed on May 7, 2026 reports HKAM’s aggregate beneficial ownership at 10,109,933 shares. The filing also notes a reduction of 30,549 shares that were in an account where HKAM no longer has a pecuniary interest, indicating a portfolio reclassification rather than a market sale.
Texas Pacific Land Corp director Peter Doyle filed an initial ownership report showing he and related parties hold Texas Pacific Land common stock through both direct and indirect interests. Indirect holdings include 3,395,605 shares managed by Horizon Kinetics Asset Management LLC and additional shares held in trusts for his spouse. Doyle’s direct ownership is 146,885 shares, and he disclaims beneficial ownership beyond his pecuniary interest.
Horizon Kinetics Asset Management LLC and its parent Horizon Kinetics Holding Corp filed Amendment No. 11 to their Schedule 13D on Texas Pacific Land Corp. They report beneficial ownership of 10,109,933 shares of common stock, representing about 14.7% of the company based on 68,974,429 shares outstanding.
Horizon Kinetics holds sole voting and dispositive power over these shares through managed accounts and describes its position as for investment purposes, with flexibility to buy or sell over time. On May 5, 2026, Co‑CEO Peter Doyle of Horizon Kinetics Asset Management was appointed to Texas Pacific Land’s board of directors under a Board Representative Agreement, and will stand for re‑election at the 2026 annual meeting, also joining the board’s strategic acquisitions committee.
Texas Pacific Land Corporation reported stronger results for the quarter ended March 31, 2026, driven by higher activity in the Permian Basin. Total revenues rose to $236.8 million from $196.0 million, while net income increased to $142.9 million, or $2.07 per diluted share, up from $1.75.
Oil and gas royalty revenue reached $118.2 million as production grew to 37.1 thousand Boe per day, partly offset by lower realized prices per Boe. The Water Services and Operations segment also expanded, with water sales of $46.9 million and produced water royalties of $33.5 million.
Operating income increased to $182.3 million, and cash provided by operating activities was $162.0 million. The company ended the quarter with $247.6 million in cash and cash equivalents and no borrowings under its $500 million revolving credit facility. It paid $0.60 per share in regular dividends, totaling $41.8 million, and continues to invest in its water infrastructure, including a desalination project with $48.3 million spent cumulatively.
Texas Pacific Land Corporation reported strong first quarter 2026 results, with total revenue of $236.8 million and net income of $142.9 million, or $2.07 per diluted share. Adjusted EBITDA was $181.4 million and free cash flow was $136.4 million, reflecting high-margin, capital-light operations.
Oil and gas royalty revenue reached $118.2 million on production of 37.1 thousand Boe per day, while Water Services and Operations generated $46.9 million of water sales and $33.5 million of produced water royalties. The company closed a data center–related land transaction with aggregate consideration of $42.5 million, recognizing $20.9 million of land sale revenue and a financing receivable, and declared a $0.60 per share quarterly dividend. The board entered into a Board Representative Agreement with Horizon Kinetics and appointed its co-founder Peter Doyle as a director and member of the strategic acquisitions committee, with re‑election expected at the 2026 annual meeting.
Horizon Kinetics Asset Management LLC, a more than 10% owner of Texas Pacific Land Corp, reported a small open-market purchase of common stock. On May 5, 2026, it bought 1 share at $432.71 per share.
Following this trade, Horizon Kinetics directly held 3,426,154 shares of Texas Pacific Land common stock. A related footnote notes that on April 13, 2026, Horizon Kinetics reported beneficial ownership of 9,974,556 shares on an amended Schedule 13D.
Horizon Kinetics Asset Management LLC, a more than 10% owner of Texas Pacific Land Corp, reported an open-market purchase of 1 share of common stock on May 4, 2026 at $438.69 per share. Following this transaction, it directly held 3,426,153 shares. A footnote references a prior amendment to its Schedule 13D that reported beneficial ownership of 9,974,556 shares and notes that the extent of its pecuniary interest in those shares is described in this filing.