ASR Vermogensbeheer N.V. has acquired 12,302 shares of Texas Pacific Land Corporation (NYSE:TPL) valued at $16.3 million, representing 0.05% of the company's outstanding stock. Texas Pacific Land reported weaker-than-expected quarterly earnings of $5.05 per share, missing consensus estimates of $5.48, with revenue of $187.54 million below expectations of $198.00 million. The company maintained a net margin of 62.16% and a return on equity of 39.47%. It announced a quarterly dividend of $1.60 per share, resulting in an annualized dividend of $6.40 and a yield of 0.7%, with a payout ratio of 31.90%. Several hedge funds and institutional investors have also adjusted their holdings in TPL, including Strategy Asset Managers LLC, Hemington Wealth Management, Roberts Glore & Co. Inc. IL, Vanguard Group Inc., and Westwood Holdings Group Inc. The company's market capitalization is $19.85 billion, with a P/E ratio of 43.05 and a 52-week price range of $766.51 to $1,769.14. Texas Pacific Land operates in land and resource management, including water services and oil and gas royalty interests across western Texas.

TXO Partners reduced its Q2 2025 distribution to $0.45/unit, prioritizing strategic growth through a $338.6M acquisition of White Rock Energy's Elm Coulee assets. The company increased outstanding units by 34% to 54.8M, offsetting distribution cuts with a $14.8M derivative gain and hedging against commodity price volatility. TXO's focus on long-lived assets (50M+ BOE in Mancos Shale) and operational efficiency aims to sustain ~6.5% annualized yield despite market challenges.

U.S. upstream M&A activity slowed in Q2 2025, with total deal value dropping 21% quarter-over-quarter to $13.5 billion. The two largest deals—EOG's $5.6 billion purchase of Encino Acquisition Partners and Viper Energy Partners' $4.06 billion merger with Sitio Royalties—accounted for 75% of Q2 value. The slowdown reflects market volatility, limited attractive targets, and a shift toward niche opportunities like mineral royalties. Key deals include EQT's $1.8 billion acquisition of Olympus Energy, Permian Resources' $608 million deal with APA, and TXO Partners' $475 million purchase of White Rock Energy assets.

Upstream M&A activity in the second quarter of 2025 slowed significantly, with deal value dropping 21% quarter-over-quarter to $13.5 billion. The two largest transactions—EOG’s $5.6 billion purchase of Encino and Viper Energy Partners’ merger with Sitio Royalties—accounted for over 75% of Q2 deals. Market volatility and limited attractive opportunities for public E&P companies contributed to the slowdown, with buyers increasingly focusing on geographically diverse and creative deals. Private equity firms and international buyers, such as Asia-based LNG importers, are exploring new opportunities, while public operators face challenges in securing remaining inventory.

The article compares Hess Midstream Partners (NYSE:HESM) and TXO Partners (NYSE:TXO) based on financial metrics including beta, earnings, valuation, institutional ownership, dividends, and analyst ratings. Hess Midstream Partners is highlighted as more affordable with lower volatility and stronger institutional ownership, while TXO Partners has a higher dividend yield and stronger analyst upside potential.