Texas Oil Land Hidden Powerhouse, Major Shareholders Make a Bold $2 Billion Purchase

Horizon Kinetics Asset Management LLC said that on February 18, 19 and March 4 it purchased additional common shares of Texas Pacific Land Corp (TPL) in the open market, raising the value of its stake to approximately $1.5–1.8 billion (about KRW 2–2.4 trillion). The purchase price per share gradually increased—starting around $435, then $469 and finally $530—and the filing made clear that these figures reflect the post–3-for-1 stock split effective December 22, 2025. The disclosure also explained the company’s broad “beneficial ownership,” which includes friendly stakes related to Murray Stahl, while emphasizing that investment decisions are made by the asset manager rather than by him personally.

Since the stock split, TPL has continued to deliver strong performance and cash‐flow generation, increasing its regular dividend by about 12.5 percent for the February 2026 payout. Its share price has also climbed more than 80 percent year-to-date, making it one of the top performers among energy–real estate hybrid stocks. (reddit.com) Last year, the company further expanded its financial flexibility by securing a credit facility of roughly $500 million (about KRW 600–700 billion). (reddit.com)

Texas Pacific Land Corp is a publicly traded company that owns approximately 880,000 acres in the Permian Basin of West Texas and derives most of its revenues and profits from oil and gas royalties and water sales. (en.wikipedia.org) Founded in 1888 as a land trust during the railroad liquidation process, it has since grown into an S&P 500–listed firm headquartered in Dallas and is often referred to as “the land landlord of the Permian Basin.”