Business UpdateNov 3, 2026, 05:26 PM
EagleRock Land Q3 Results Up; Raises 2026 Guidance
AI Summary
EagleRock Land, LLC reported its third quarter 2026 financial and operating results, including revenue of $43.3 million and net income of $11.3 million. The company raised its full-year Adjusted EBITDA guidance to a range of $133 million to $137 million. Key business updates include a new water system management agreement and the completion of two strategic bolt-on acquisitions in the Midland Basin totaling approximately 2,000 acres for $15.4 million. The company also announced an additional acreage dedication from Double Eagle V, increasing the total dedicated acreage in the Midland Basin to approximately 105,000 acres.
Key Highlights
- EagleRock Land, LLC announced its Q3 2026 results, reporting revenue of $43.3 million and net income of $11.3 million.
- Adjusted EBITDA for Q3 2026 was $34.0 million, with a margin of 78.5%.
- Free Cash Flow for Q3 2026 was $31.8 million, representing a conversion of 93%.
- The company raised its full-year 2026 Adjusted EBITDA guidance to $133 million - $137 million.
- EagleRock entered into a water system management agreement with DEF Operating, LLC for a new water infrastructure system.
- EagleRock closed two bolt-on acquisitions in the Midland Basin totaling approximately 2,000 acres for $15.4 million.
- Total debt as of September 30, 2026, was $70 million, with net debt of $58 million and net leverage of 0.4x.
Price Impact
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