Open OfferMay 4, 2026, 07:26 AM
EagleRock Land IPO of 17.3M Class A Shares at $17.00-$20.00
AI Summary
EagleRock Land, LLC filed an S-1/A registration statement for its initial public offering of 17,300,000 Class A shares, with an expected price range of $17.00 to $20.00 per share. The company has applied to list its Class A shares on the NYSE and NYSE Texas under the symbol "EROK". Following the offering, existing owners will retain approximately 72.8% of the total voting power, classifying EagleRock as a "controlled company". The filing also includes pro forma, as adjusted financial data for 2025, showing total revenues of $141.4 million and net income of $2.4 million.
Key Highlights
- Initial public offering of 17,300,000 Class A shares.
- Expected public offering price between $17.00 and $20.00 per Class A share.
- Class A shares applied for listing on NYSE and NYSE Texas under the symbol "EROK".
- Existing Owners will hold approximately 72.8% of total voting power, making it a "controlled company".
- Underwriters have an option to purchase up to 2,595,000 additional Class A shares.
- Pro forma, as adjusted total revenues for 2025 were $141.4 million.
- Pro forma, as adjusted net income for 2025 was $2.4 million.
- Pro forma, as adjusted Adjusted EBITDA for 2025 was $118.6 million.
- Pro forma, as adjusted acreage at year-end 2025 was 306,136 acres.