EagleRock Land, LLC

EagleRock Land, LLC announced its financial results for the quarter ended March 31, 2026, including preliminary pro forma figures. The company reported strong operational and financial performance, completing its IPO on May 15, 2026. EagleRock also repaid its Predecessor credit facility of approximately $269 million, establishing robust liquidity of over $200 million with no outstanding debt to support future growth.

EagleRock Land, LLC completed its initial public offering (IPO) on May 15, 2026, raising approximately $328.5 million in net proceeds. Concurrently, the company underwent a corporate reorganization, including the contribution of significant assets like the DE Flow water infrastructure system for $988.6 million and Shallow Valley Ranch surface acres for $455.4 million. The company also repaid its predecessor's credit facility and established a new $200 million revolving credit facility. For the three months ended March 31, 2026, the accounting predecessor, Lea & Eddy Holdings, LLC, reported a significant increase in total revenues to $23.06 million and achieved a net income of $3.36 million.

EagleRock Land, LLC announced that it posted an investor presentation on its website on June 23, 2026. The presentation, titled "Investor Presentation - June 2026," is accessible in the "Events and Presentations" section of the company's Investor Relations webpage. The company noted that it uses its website to communicate financial and other information that could be deemed material to investors.

EagleRock Land Operating, LLC (OpCo), a subsidiary of EagleRock Land, LLC, has entered into a new $200.0 million revolving credit facility. This new facility, administered by JPMorgan Chase Bank, N.A., will become effective upon the full repayment and termination of the existing Predecessor Credit Facility. The company intends to use a portion of the net proceeds from its initial public offering to repay the Predecessor Credit Facility, which had approximately $263.3 million outstanding as of May 4, 2026.

EagleRock Land, LLC successfully completed its initial public offering of 17,300,000 Class A shares at a price of $18.50 per share. The underwriters fully exercised their 30-day option to purchase an additional 2,595,000 Class A shares. The company received approximately $333.1 million in net proceeds from the offering and the option exercise. In connection with the IPO, EagleRock Land also entered into a Registration Rights Agreement and established a Change in Control Severance Plan.

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.