AcquisitionsAug 11, 2026, 06:12 AM
EagleRock Land Acquires Intrepid Ranch for $78.2M; Reports Q2 Results
AI Summary
EagleRock Land announced the acquisition of Intrepid Ranch for $78.2 million, significantly expanding its contiguous Delaware Basin position by adding approximately 50,000 surface acres and 22,000 fee acres. The company reported Q2 2026 financial results, with revenue of $41.5 million and a net loss of $(37.5) million. However, normalized revenue and Adjusted EBITDA showed strong quarter-over-quarter growth of over 30%, and full-year 2026 Normalized EBITDA guidance was initiated above company forecast at $129 million to $133 million. The company also highlighted its successful IPO in May 2026, which raised $368 million, contributing to its strong liquidity position.
Key Highlights
- Acquired Intrepid Ranch for $78.2 million, expanding Delaware Basin position.
- The acquisition adds approximately 50,000 surface acres and 22,000 fee acres.
- Q2 2026 revenue was $41.5 million, with a net loss of $(37.5) million.
- Normalized revenue increased 32.3% to $46.8 million in Q2 2026.
- Normalized Adjusted EBITDA grew 31.7% to $36.2 million in Q2 2026.
- Full-year 2026 Normalized EBITDA guidance set at $129 million to $133 million.
- Total liquidity stood at $261.8 million as of June 30, 2026.
- Successfully completed IPO on May 15, 2026, raising $368 million gross proceeds.
Price Impact
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