Loading investment pitches...
Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Horizon Kinetics did not categorize TPL as an energy company when we first wrote about it in 1995. The analysis was...
— Murray Stahl
Full equity research memos, financial breakdowns, and hedge fund thesis write-ups are reserved for BSD Research ($50/mo) and Pro subscribers.
Already a Research or Pro subscriber? Sign In
Other investors who've written on Texas Pacific Land Corporation
This asset-rich royalty trust operates with virtually no overhead expenses, generating higher profit margins than software giants. Despite internal governance...
Texas Pacific Land Corporation ($TPL) is one of the largest private landowners in Texas, holding substantial surface and royalty acreage across the Permian Basin. Horizon Kinetics maintains...
Texas Pacific Land Corporation ($TPL) is highlighted as a core example of an asset-light royalty company holding oil and gas exposure without balance sheet leverage.
More institutional theses from Horizon Kinetics
However - as reviewed earlier - neither TPL nor LandBridge, and neither WaterBridge nor Permian Basin Royalty Trust (soon to be PBT Land & Minerals, Inc.) require a datacenter deal in order to continue a profitable - and profitably growing - existence. Nor do their...
”... TPL’s land and...
PrairieSky Royalty Ltd. ($PSK.TO) is an asset-light royalty and land holding company that holds extensive mineral land packages across western Canada. Rather than bearing...