Horizon Kinetics Stalks Texas Pacific Land: Daily Share Accumulation Signals Strong Confidence Ahead of Earnings Flash

Insider Buying at Texas Pacific Land: What It Signals for the Energy Trust

A steady stream of purchases by Horizon Kinetics Asset Management The latest transaction on February 18, 2026 shows Horizon Kinetics Asset Management LLC (HKAM) adding one share of Texas Pacific Land Corp. (TPLC) at $435.13, bringing the fund’s stake to 3,479,375 shares. While the trade size is modest, it follows a 23‑day buying streak that began in early January, with HKAM adding a single share each day at prices ranging from $291.90 to $435.13. This pattern suggests a disciplined accumulation strategy, likely aimed at building a significant position while avoiding market impact.

Implications for investors HKAM’s persistent buying is a positive signal for investors who view the trust as a stable income generator. The company’s asset mix—land sales, oil and gas royalties, grazing leases, and interest—provides a diversified cash‑flow base that can cushion against commodity volatility. The trust’s recent quarterly results, scheduled for February 18, are expected to show a modest earnings‑per‑share bump, consistent with its historical performance. HKAM’s continued accumulation indicates confidence in TPLC’s ability to maintain or grow its cash‑flow stream, which could translate into higher dividend payouts for shareholders.

What the buying trend means for TPLC’s future With HKAM now holding a sizable stake, other institutional investors may view the trust as a more attractive long‑term holding. This could support the share price, especially as the market anticipates the upcoming earnings release. Moreover, HKAM’s activity could signal a bullish outlook on the trust’s underlying assets, particularly the land portfolio in Dallas and the royalty streams from Texas’s oil and gas operations. If the trust continues to deliver consistent income, it may become a defensive play for income‑focused investors amid a high‑P/E environment in the broader energy sector.

Horizon Kinetics Asset Management: a profile HKAM has a history of incremental buying, with daily trades of one share over the past few months. The fund’s trading cadence—often a single share at incremental price levels—suggests a passive accumulation approach, possibly tied to a dollar‑cost averaging strategy or a scheduled investment program. The fund’s sizable holdings in other energy and industrial names imply a focus on income‑generating assets. The consistent buy pattern also indicates that HKAM is not reacting to short‑term price swings but rather following a long‑term investment horizon.

Broader insider activity Other key insiders—CEO Tyler Glover, CFO Chris Steddum, and COO Michael Dobbs—have been active in buying and selling shares, often in small blocks. Their net activity balances out to modest net purchases, underscoring a general confidence in the company’s trajectory. The combined insider buying, including that of HKAM, paints a picture of a company with a stable management team and a supportive institutional investor base.

Takeaway for investors For investors eyeing TPLC, the HKAM buying activity is a green light that the trust’s income potential remains solid. The company’s upcoming earnings report will provide further confirmation of its cash‑flow health. While the share price is currently trading near $461, the recent 12‑week rally and 52‑week highs suggest a positive trend that could continue if the trust delivers on its dividend promises. Keeping an eye on insider activity, particularly from HKAM and senior executives, will be key to gauging future confidence in TPLC’s long‑term value.