On May 15, 2023, Lion Long Term Partners LP, issues an open letter to stockholders of Texas Pacific Land Corporation and proxy advisors. Lion Long stated that Glass Lewis announced that it has changed its recommendation with respect to Proposal 4 to “Against” and Lion Long urges the other Proxy Advisors to review their case files and Glass Lewis' detailed explanation of its change in position and follow Glass Lewis in recommending an Against vote on Proposal 4, and it urges the stockholders of the Company who have voted For Proposal 4 to reconsider their position.
Texas Pacific Land Corporation specialises in owning and operating land and water resources. At the end of 2025, the company had approximately 3,569.3 km2 of land in the United States state of Texas. Net sales break down by source of revenue as follows:
- land operations (61.5%): royalties from on-site oil and gas operations, revenues from commercial leases, sales of land and building materials, easements for gas and hydrocarbon pipelines, power lines, public utilities, etc.;
- exploitation of water resources (38.5%): including revenues from water-related activities (production, treatment, sale and supply) and royalties on water production and sale activities by third-party operators.
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
