EagleRock Land Files for US IPO Seeking Approximately $200 Million

EagleRock Land (EROK.US), a company that generates revenue from royalties and fees associated with oil and gas production on its Permian Basin landholdings, submitted an application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC) on Thursday. The company aims to raise up to approximately $200 million.

EagleRock Land owns or controls roughly 236,000 acres of surface land in the core area of the Permian Basin, spanning Texas and New Mexico. Additionally, it holds interests in up to 70,000 acres related to water infrastructure assets in the Midland Basin sub-region of the Permian.

The company does not engage in direct oil and gas extraction. Instead, its business model involves granting operators long-term rights to use its land for drilling, water management, and infrastructure placement, earning fees and royalties in return. The operators bear all associated operational and capital costs.

Headquartered in Houston, Texas, EagleRock Land was established in 2023. For the 12-month period ending December 31, 2025, the company reported revenue of $72 million.

EagleRock Land plans to list on the NYSE American exchange under the ticker symbol "EROK." The company had initially filed its registration confidentially on January 23, 2026.

The joint book-running managers for the offering are Goldman Sachs, Barclays, J.P. Morgan, Piper Sandler, Raymond James, KeyBanc Capital Markets, Pickering Energy Partners, Stephens Inc., and Texas Capital Securities.