Key Insights

• Texas Pacific Land will host its Annual General Meeting on 8th of November
• Salary of US$850.0k is part of CEO Tyler Glover's total remuneration
• The overall pay is 57% below the industry average
• Texas Pacific Land's total shareholder return over the past three years was 168% while its EPS grew by 32% over the past three years

The solid performance at Texas Pacific Land Corporation (NYSE:TPL) has been impressive and shareholders will probably be pleased to know that CEO Tyler Glover has delivered. At the upcoming AGM on 8th of November, they would be interested to hear about the company strategy going forward and get a chance to cast their votes on resolutions such as executive remuneration and other company matters. Let's take a look at why we think the CEO has done a good job and we'll present the case for a bump in pay.

How Does Total Compensation For Tyler Glover Compare With Other Companies In The Industry?

According to our data, Texas Pacific Land Corporation has a market capitalization of US$27b, and paid its CEO total annual compensation worth US$6.1m over the year to December 2023. That is, the compensation was roughly the same as last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$850k.

In comparison with other companies in the American Oil and Gas industry with market capitalizations over US$8.0b, the reported median total CEO compensation was US$14m. Accordingly, Texas Pacific Land pays its CEO under the industry median. What's more, Tyler Glover holds US$5.7m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Speaking on an industry level, nearly 14% of total compensation represents salary, while the remainder of 86% is other remuneration. There isn't a significant difference between Texas Pacific Land and the broader market, in terms of salary allocation in the overall compensation package. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

Texas Pacific Land Corporation's Growth

Texas Pacific Land Corporation has seen its earnings per share (EPS) increase by 32% a year over the past three years. Its revenue is up 3.1% over the last year.

Shareholders would be glad to know that the company has improved itself over the last few years. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has Texas Pacific Land Corporation Been A Good Investment?

Boasting a total shareholder return of 168% over three years, Texas Pacific Land Corporation has done well by shareholders. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

In Summary...

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

Whatever your view on compensation, you might want to check if insiders are buying or selling Texas Pacific Land shares (free trial).

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.