US Asset Manager Acquires $1.8 Billion Stake in Energy Royalty Stocks

Asset manager Horizon Kinetics Asset Management increased its direct holdings of Texas Pacific Land Corp (TPL) common stock on the open market from late May through mid-June, bringing its position to approximately 3.39 million shares.

During this period, reported transaction prices ranged from roughly $369 to $407 per share, implying a direct-holding value of about $1.25 billion to $1.39 billion (approximately ₩1.8 trillion to ₩2 trillion).

In the same disclosure, Horizon Kinetics filed an amended Schedule 13D, reporting total beneficial ownership across affiliated accounts of about 10.1 million TPL shares, underscoring its status as a long-term strategic investor.

In its Q1 2026 earnings release, TPL reported revenue of $230 million and net income of roughly $140 million. The company also disclosed a combined land sale and financing agreement worth approximately $42.5 million with a power-plant developer supporting data-center operations. (Source: )

Additionally, Horizon Kinetics, TPL’s largest shareholder, reconfirmed a mid-14% ownership stake in its recent amended 13D filing. The firm’s co-CEO Peter Doyle was officially appointed to TPL’s board in May, formalizing its participation in corporate governance. (Source: )

Texas Pacific Land is a U.S. land and royalty company holding about 880,000 acres in Texas’s Permian Basin. Its revenue is primarily derived from oil and gas production royalties, water-service fees, and surface-use charges. (Source: )

Horizon Kinetics is an independent U.S. asset manager with a value-investment approach. As a major long-term shareholder of Texas Pacific Land, it has exerted significant influence over the company’s governance and strategic direction. (Source: )