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Texas Pacific Land Corp (NYSE:TPL) announced Tuesday that board member Eric L. Oliver has notified the company of his decision not to stand for reelection at the company’s 2025 annual meeting of stockholders. Mr. Oliver will continue to serve as a director until the annual meeting.
According to the company’s statement, Mr. Oliver’s decision is not the result of any disagreement with the company or its board regarding operations, policies, practices, or any other matter.
In connection with this decision, the board has resolved to remove Mr. Oliver as a nominee for election at the upcoming annual meeting and to reduce the number of directors from ten to nine, effective as of the annual meeting.
The information is based on a press release statement included in a filing with the Securities and Exchange Commission.
In other recent news, Texas Pacific Land Corporation reported its Q2 2025 earnings, which fell short of analysts’ expectations. The company’s earnings per share (EPS) were $5.05, below the anticipated $5.48, representing a 7.85% negative surprise. Revenue also did not meet forecasts, coming in at $187.54 million against the projected $204 million, an 8.07% shortfall. In another development, Texas Pacific Land announced it will dual list its common stock on NYSE Texas, a new electronic equities exchange based in Dallas, while maintaining its primary listing on the New York Stock Exchange. The dual listing is set to begin on August 15, 2025, with Texas Pacific Land joining as a Founding Member. These recent developments are significant for investors keeping an eye on the company’s performance and strategic decisions.
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