EagleRock Land, LLC has priced its initial public offering of Class A common stock at $18.50 per share, the company said in a statement. The base offering comprises 17.3 million Class A shares, and the underwriters have been granted a 30-day option to purchase up to an additional 2.6 million Class A shares at the same price.
The Class A shares are expected to commence trading on the New York Stock Exchange and NYSE Texas under the ticker symbol "EROK" on May 14, 2026. The offering is anticipated to close on May 15, 2026, subject to customary closing conditions.
After deduction of underwriting discounts, commissions, placement agent fees and estimated offering expenses, EagleRock projects net proceeds of approximately $286.6 million from the offering. If the underwriters exercise their option to purchase the additional shares in full, net proceeds are expected to rise to about $331.3 million.
Underwriting and management
Goldman Sachs & Co. LLC, Barclays and J.P. Morgan are serving as lead book-running managers for the offering. Piper Sandler and Raymond James are listed as additional book-running managers, while Pickering Energy Partners, Stephens Inc. and Texas Capital Securities are acting as co-managers.
Assets and acreage
The company owns or controls approximately 236,000 acres in the Delaware and Midland sub-basins within the Permian Basin. In addition, EagleRock holds an interest in up to approximately 70,000 acres pursuant to an acreage dedication tied to its Midland Basin water infrastructure assets.
The registration statement for the offering was declared effective by the U.S. Securities and Exchange Commission on May 13, 2026. The offering is being conducted pursuant to a prospectus that satisfies the requirements of the Securities Act.
The transaction structure includes a standard overallotment option and the customary array of book-running managers and co-managers. The timetable calls for trading to begin one day after the SEC declared the registration effective and for the offering to close the following day, contingent on customary closing conditions.