Energy › Oil & Gas E&P

Texas Pacific Land Corporation (TPL) Stock Overview

Market Cap: $24.49B

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in Permian Basin.

Jun 18, 2026$355.11

1Y -1.3%576% overvalued

Fair value: $53

Rewards

★Texas Pacific Land Corporation has maintained ROIC above 15% for 4 consecutive years, indicating a durable competitive advantage.
★Gross margin of 93.2% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
★Return on equity has consistently exceeded 20% over 4 years, indicating efficient use of shareholder capital.

Risks

⚠PEG ratio of 7.33 indicates the stock is expensive relative to its expected growth — the market may be pricing in more growth than analysts project.
⚠DCF analysis suggests the stock is 576% overvalued — the current price far exceeds estimated intrinsic value.
⚠Free cash flow has declined at a 57.8% CAGR over the past 4 years — a concerning trend.

TPL Key Valuation Metrics

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Free Cash Flow

$-56.06M

FCF Yield

-0.23%

Trailing P/E

48.58

Forward P/E

4.86

ROIC

32.52%

ROE

36.47%

Gross Margin

93.24%

PEG Ratio

7.33

Net Debt / Equity

Net cash

Interest Coverage

N/A

Buyback Yield

-0.03%

Dividend Yield

0.67%

TPL Historical Fundamentals

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Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS. Shaded region = analyst consensus for the current and next fiscal year (2 analysts).

TPL $1 Retained Earnings Test

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Market Value

$2.36

created per $1 retained

Exceptional Value Creator

Earning Power

$-5.87

created per $1 retained

Earning Power Declined

Σ Retained

$745.9M

Δ Market Cap

+$1.76B

Δ Earning Power

$-4.38B

Buffett's "$1 Test": For every $1 retained, how much value did management create?
Market Value = market's verdict (mood-sensitive) · Earning Power = fcf / discount rate (mood-independent)

TPL Discounted Cash Flow (DCF) Analysis

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575.5% Overvalued

Price is 575.5% above estimated fair value

Current Price: $355.11

Strongly undervalued

Strongly overvalued

Fair Value: $52.57

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Parameter	Min (Bear)Value	BaseValue	Max (Bull)Value
Initial Cash Flow
Growth Rate (Yr 1-5)	%	%	%
Growth Rate (Yr 6-10)	%	%	%
Terminal Growth Rate	%	%	%
Discount Rate	%	%	%
	Bear Case $46.11 Implied EV: $2.95B	Base Case $52.57 Implied EV: $3.40B	Bull Case $57.46 Implied EV: $3.73B

Reverse DCF — Market-Implied Growth

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Requires positive FCF to compute implied growth rate.

TPL Economic Moat Score

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67/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with roic consistency as the key competitive advantage. Improving reinvestment efficiency would strengthen the moat.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

TPL Forensic Accounting

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-10.93

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

TPL Management & Board

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Mr. Tyler Glover

President, CEO & Trustee · Age 40

$2.04M

total pay

Mr. Chris Steddum

Chief Financial Officer · Age 44

$1.24M

total pay

Mr. Micheal W. Dobbs J.D.

Senior VP, Secretary & General Counsel · Age 51

$923,483

total pay

Ms. Stephanie D. Buffington

Chief Accounting Officer · Age 57

Mr. Shawn Amini

Vice President of Finance & Investor Relations

Mr. Robert A. Crain

Executive Vice President of Texas Pacific Water Resources LLC · Age 45

Mr. Jeremy Smith

Senior Vice President of Business Development

Ms. Katie Keenan

Senior VP of Commercial Transactions and Assistant General Counsel

Mr. Lawrence F. Labanowski

Senior Vice President of Mergers & Acquisitions

TPL Ownership

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Insiders 0.2%Institutions 74.8%Retail & Other 25.0%

No. of Institutional Holders1,149

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

TPL Insider Buying Activity

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Buys (3M)

126

Buys (12M)

Total value (12M): $523,738

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$370.00

@ $370.00 · 2026-06-11

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$380.00

@ $380.00 · 2026-06-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$387.00

@ $387.00 · 2026-06-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$403.00

@ $403.00 · 2026-06-08

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$395.00

@ $395.00 · 2026-06-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$407.00

@ $407.00 · 2026-06-03

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$368.00

@ $368.00 · 2026-06-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$387.00

@ $387.00 · 2026-06-01

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$395.00

@ $395.00 · 2026-05-29

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$406.00

@ $406.00 · 2026-05-28

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$808.00

@ $404.00 · 2026-05-27

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$401.00

@ $401.00 · 2026-05-22

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$396.00

@ $396.00 · 2026-05-21

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$792.00

@ $396.00 · 2026-05-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$780.00

@ $390.00 · 2026-05-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$385.00

@ $385.00 · 2026-05-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$388.00

@ $388.00 · 2026-05-15

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$385.00

@ $385.00 · 2026-05-14

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$394.00

@ $394.00 · 2026-05-12

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$401.00

@ $401.00 · 2026-05-07

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$419.00

@ $419.00 · 2026-05-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$433.00

@ $433.00 · 2026-05-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$439.00

@ $439.00 · 2026-05-04

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$433.00

@ $433.00 · 2026-05-01

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$437.00

@ $437.00 · 2026-04-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$438.00

@ $438.00 · 2026-04-22

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$442.00

@ $442.00 · 2026-04-21

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$428.00

@ $428.00 · 2026-04-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$424.00

@ $424.00 · 2026-04-16

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$419.00

@ $419.00 · 2026-04-15

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$414.00

@ $414.00 · 2026-04-14

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$415.00

@ $415.00 · 2026-04-13

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$407.00

@ $407.00 · 2026-04-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$402.00

@ $402.00 · 2026-04-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$1,347

@ $449.00 · 2026-04-08

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$443.00

@ $443.00 · 2026-04-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$443.00

@ $443.00 · 2026-04-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$470.00

@ $470.00 · 2026-03-31

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$494.00

@ $494.00 · 2026-03-30

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$1,044

@ $522.00 · 2026-03-27

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$538.00

@ $538.00 · 2026-03-25

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$535.00

@ $535.00 · 2026-03-24

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$529.00

@ $529.00 · 2026-03-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$534.00

@ $534.00 · 2026-03-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$527.00

@ $527.00 · 2026-03-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$532.00

@ $532.00 · 2026-03-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$525.00

@ $525.00 · 2026-03-17

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$525.00

@ $525.00 · 2026-03-16

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$529.00

@ $529.00 · 2026-03-13

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$532.00

@ $532.00 · 2026-03-12

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$523.00

@ $523.00 · 2026-03-11

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$527.00

@ $527.00 · 2026-03-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$527.00

@ $527.00 · 2026-03-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$526.00

@ $526.00 · 2026-03-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$529.00

@ $529.00 · 2026-03-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$530.00

@ $530.00 · 2026-03-04

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$524.00

@ $524.00 · 2026-03-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$517.00

@ $517.00 · 2026-02-27

EPPS DONNA E

Director

$456,853

@ $510.45 · 2026-02-25

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$520.00

@ $520.00 · 2026-02-24

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$520.00

@ $520.00 · 2026-02-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$504.00

@ $504.00 · 2026-02-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$469.00

@ $469.00 · 2026-02-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$435.00

@ $435.00 · 2026-02-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$426.00

@ $426.00 · 2026-02-17

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$426.00

@ $426.00 · 2026-02-13

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$408.00

@ $408.00 · 2026-02-11

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$388.00

@ $388.00 · 2026-02-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$372.00

@ $372.00 · 2026-02-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$342.00

@ $342.00 · 2026-02-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$345.00

@ $345.00 · 2026-02-04

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$337.00

@ $337.00 · 2026-02-03

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$346.00

@ $346.00 · 2026-01-30

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$355.00

@ $355.00 · 2026-01-29

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$351.00

@ $351.00 · 2026-01-28

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$340.00

@ $340.00 · 2026-01-27

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$342.00

@ $342.00 · 2026-01-26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$350.00

@ $350.00 · 2026-01-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$346.00

@ $346.00 · 2026-01-22

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$343.00

@ $343.00 · 2026-01-21

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$334.00

@ $334.00 · 2026-01-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$328.00

@ $328.00 · 2026-01-16

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$330.00

@ $330.00 · 2026-01-15

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$330.00

@ $330.00 · 2026-01-14

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$323.00

@ $323.00 · 2026-01-13

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$312.00

@ $312.00 · 2026-01-12

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$309.00

@ $309.00 · 2026-01-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$292.00

@ $292.00 · 2026-01-08

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$286.00

@ $286.00 · 2026-01-07

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$297.00

@ $297.00 · 2026-01-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$297.00

@ $297.00 · 2026-01-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$297.00

@ $297.00 · 2026-01-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$295.00

@ $295.00 · 2026-01-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$289.00

@ $289.00 · 2026-01-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$288.00

@ $288.00 · 2025-12-31

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$294.00

@ $294.00 · 2025-12-30

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$294.00

@ $294.00 · 2025-12-29

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$285.00

@ $285.00 · 2025-12-26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$295.00

@ $295.00 · 2025-12-24

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$892.00

@ $892.00 · 2025-12-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$925.00

@ $925.00 · 2025-12-22

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$897.00

@ $897.00 · 2025-12-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$902.00

@ $902.00 · 2025-12-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$880.00

@ $880.00 · 2025-12-17

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$822.00

@ $822.00 · 2025-12-16

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$819.00

@ $819.00 · 2025-12-15

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$881.00

@ $881.00 · 2025-12-12

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$877.00

@ $877.00 · 2025-12-11

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$870.00

@ $870.00 · 2025-12-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$896.00

@ $896.00 · 2025-12-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$914.00

@ $914.00 · 2025-12-08

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$922.00

@ $922.00 · 2025-12-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$912.00

@ $912.00 · 2025-12-04

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$876.00

@ $876.00 · 2025-12-03

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$869.00

@ $869.00 · 2025-12-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$867.00

@ $867.00 · 2025-12-01

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$867.00

@ $867.00 · 2025-11-28

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$863.00

@ $863.00 · 2025-11-26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$853.00

@ $853.00 · 2025-11-25

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$880.00

@ $880.00 · 2025-11-24

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$895.00

@ $895.00 · 2025-11-21

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$919.00

@ $919.00 · 2025-11-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$899.00

@ $899.00 · 2025-11-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$914.00

@ $914.00 · 2025-11-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$1,008

@ $1008.00 · 2025-11-17

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$998.00

@ $998.00 · 2025-11-14

Open market purchases · includes direct & indirect ownership · excludes option exercises

TPL Insider Selling Activity

Learn more →

Sells (3M)

Sells (12M)

Total value (12M): $2.87M

STEDDUM CHRIS

Chief Financial Officer

$1.60M

@ $400.27 · 2026-06-08

EPPS DONNA E

Director

$456,522

@ $510.08 · 2026-02-25

BUFFINGTON STEPHANIE

Officer

$808,824

@ $503.00 · 2026-02-24

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

TPL 🎭 Mr. Market's Mood

Learn more →

😨Fear(30/100)

"Market is pessimistic — investigate whether fears are temporary or structural"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

TPL ⚖️ Buffett Signal

Learn more →

🟠Valuation: Elevated

Significantly overvalued despite market fear — fear alone does not justify the premium

DCF Margin of Safety: -575.5%Mr. Market's Mood: Fear (30)

TPL Investment Checklist & Notes

Learn more →

Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 6/19/2026, 4:58:28 AM

TPL Insider Buying Activity

Learn more →

Buys (3M)

126

Buys (12M)

Total value (12M): $523,738

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$370.00

@ $370.00 · 2026-06-11

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$380.00

@ $380.00 · 2026-06-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$387.00

@ $387.00 · 2026-06-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$403.00

@ $403.00 · 2026-06-08

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$395.00

@ $395.00 · 2026-06-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$407.00

@ $407.00 · 2026-06-03

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$368.00

@ $368.00 · 2026-06-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$387.00

@ $387.00 · 2026-06-01

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$395.00

@ $395.00 · 2026-05-29

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$406.00

@ $406.00 · 2026-05-28

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$808.00

@ $404.00 · 2026-05-27

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$401.00

@ $401.00 · 2026-05-22

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$396.00

@ $396.00 · 2026-05-21

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$792.00

@ $396.00 · 2026-05-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$780.00

@ $390.00 · 2026-05-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$385.00

@ $385.00 · 2026-05-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$388.00

@ $388.00 · 2026-05-15

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$385.00

@ $385.00 · 2026-05-14

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$394.00

@ $394.00 · 2026-05-12

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$401.00

@ $401.00 · 2026-05-07

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$419.00

@ $419.00 · 2026-05-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$433.00

@ $433.00 · 2026-05-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$439.00

@ $439.00 · 2026-05-04

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$433.00

@ $433.00 · 2026-05-01

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$437.00

@ $437.00 · 2026-04-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$438.00

@ $438.00 · 2026-04-22

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$442.00

@ $442.00 · 2026-04-21

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$428.00

@ $428.00 · 2026-04-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$424.00

@ $424.00 · 2026-04-16

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$419.00

@ $419.00 · 2026-04-15

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$414.00

@ $414.00 · 2026-04-14

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$415.00

@ $415.00 · 2026-04-13

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$407.00

@ $407.00 · 2026-04-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$402.00

@ $402.00 · 2026-04-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$1,347

@ $449.00 · 2026-04-08

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$443.00

@ $443.00 · 2026-04-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$443.00

@ $443.00 · 2026-04-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$470.00

@ $470.00 · 2026-03-31

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$494.00

@ $494.00 · 2026-03-30

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$1,044

@ $522.00 · 2026-03-27

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$538.00

@ $538.00 · 2026-03-25

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$535.00

@ $535.00 · 2026-03-24

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$529.00

@ $529.00 · 2026-03-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$534.00

@ $534.00 · 2026-03-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$527.00

@ $527.00 · 2026-03-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$532.00

@ $532.00 · 2026-03-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$525.00

@ $525.00 · 2026-03-17

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$525.00

@ $525.00 · 2026-03-16

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$529.00

@ $529.00 · 2026-03-13

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$532.00

@ $532.00 · 2026-03-12

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$523.00

@ $523.00 · 2026-03-11

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$527.00

@ $527.00 · 2026-03-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$527.00

@ $527.00 · 2026-03-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$526.00

@ $526.00 · 2026-03-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$529.00

@ $529.00 · 2026-03-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$530.00

@ $530.00 · 2026-03-04

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$524.00

@ $524.00 · 2026-03-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$517.00

@ $517.00 · 2026-02-27

EPPS DONNA E

Director

$456,853

@ $510.45 · 2026-02-25

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$520.00

@ $520.00 · 2026-02-24

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$520.00

@ $520.00 · 2026-02-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$504.00

@ $504.00 · 2026-02-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$469.00

@ $469.00 · 2026-02-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$435.00

@ $435.00 · 2026-02-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$426.00

@ $426.00 · 2026-02-17

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$426.00

@ $426.00 · 2026-02-13

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$408.00

@ $408.00 · 2026-02-11

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$388.00

@ $388.00 · 2026-02-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$372.00

@ $372.00 · 2026-02-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$342.00

@ $342.00 · 2026-02-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$345.00

@ $345.00 · 2026-02-04

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$337.00

@ $337.00 · 2026-02-03

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$346.00

@ $346.00 · 2026-01-30

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$355.00

@ $355.00 · 2026-01-29

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$351.00

@ $351.00 · 2026-01-28

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$340.00

@ $340.00 · 2026-01-27

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$342.00

@ $342.00 · 2026-01-26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$350.00

@ $350.00 · 2026-01-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$346.00

@ $346.00 · 2026-01-22

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$343.00

@ $343.00 · 2026-01-21

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$334.00

@ $334.00 · 2026-01-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$328.00

@ $328.00 · 2026-01-16

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$330.00

@ $330.00 · 2026-01-15

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$330.00

@ $330.00 · 2026-01-14

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$323.00

@ $323.00 · 2026-01-13

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$312.00

@ $312.00 · 2026-01-12

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$309.00

@ $309.00 · 2026-01-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$292.00

@ $292.00 · 2026-01-08

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$286.00

@ $286.00 · 2026-01-07

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$297.00

@ $297.00 · 2026-01-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$297.00

@ $297.00 · 2026-01-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$297.00

@ $297.00 · 2026-01-06

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$295.00

@ $295.00 · 2026-01-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$289.00

@ $289.00 · 2026-01-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$288.00

@ $288.00 · 2025-12-31

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$294.00

@ $294.00 · 2025-12-30

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$294.00

@ $294.00 · 2025-12-29

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$285.00

@ $285.00 · 2025-12-26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$295.00

@ $295.00 · 2025-12-24

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$892.00

@ $892.00 · 2025-12-23

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$925.00

@ $925.00 · 2025-12-22

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$897.00

@ $897.00 · 2025-12-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$902.00

@ $902.00 · 2025-12-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$880.00

@ $880.00 · 2025-12-17

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$822.00

@ $822.00 · 2025-12-16

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$819.00

@ $819.00 · 2025-12-15

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$881.00

@ $881.00 · 2025-12-12

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$877.00

@ $877.00 · 2025-12-11

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$870.00

@ $870.00 · 2025-12-10

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$896.00

@ $896.00 · 2025-12-09

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$914.00

@ $914.00 · 2025-12-08

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$922.00

@ $922.00 · 2025-12-05

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$912.00

@ $912.00 · 2025-12-04

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$876.00

@ $876.00 · 2025-12-03

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$869.00

@ $869.00 · 2025-12-02

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$867.00

@ $867.00 · 2025-12-01

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$867.00

@ $867.00 · 2025-11-28

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$863.00

@ $863.00 · 2025-11-26

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$853.00

@ $853.00 · 2025-11-25

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$880.00

@ $880.00 · 2025-11-24

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$895.00

@ $895.00 · 2025-11-21

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$919.00

@ $919.00 · 2025-11-20

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$899.00

@ $899.00 · 2025-11-19

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$914.00

@ $914.00 · 2025-11-18

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$1,008

@ $1008.00 · 2025-11-17

HORIZON KINETICS ASSET MANAGEMENT L.L.C.

Beneficial Owner of more than 10% of a Class of Security

$998.00

@ $998.00 · 2025-11-14

Open market purchases · includes direct & indirect ownership · excludes option exercises

TPL Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $2.87M

STEDDUM CHRIS

Chief Financial Officer

$1.60M

@ $400.27 · 2026-06-08

EPPS DONNA E

Director

$456,522

@ $510.08 · 2026-02-25

BUFFINGTON STEPHANIE

Officer

$808,824

@ $503.00 · 2026-02-24

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

TPL Investment Checklist & Notes

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Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 6/19/2026, 4:58:28 AM

Texas Pacific Land Corporation (TPL) Stock Overview

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TPL Investment Checklist & Notes

TPL Insider Buying Activity

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TPL Investment Checklist & Notes