EagleRock Land, which collects royalties and fees from energy production on land owned in the Permian Basin, announced terms for its IPO on Monday.
The Houston, TX-based company plans to raise $320 million by offering 17.3 million shares at a price range of $17 to $20.
EagleRock Land owns or controls approximately 236,000 acres of surface land in the core of the Permian Basin in Texas and New Mexico, with an additional interest in up to 70,000 acres tied to its Midland Basin water infrastructure assets. Rather than producing oil and gas itself, the company earns fees and royalties by granting operators long-term access to its land for drilling, water management, and infrastructure siting, while its customers bear the operating and capital costs.
EagleRock Land was founded in 2023 and booked $72 million in revenue for the 12 months ended December 31, 2025. It plans to list on the NYSE under the symbol EROK. Goldman Sachs, Barclays, J.P. Morgan, Piper Sandler, and Raymond James are the joint bookrunners on the deal. It is expected to price the week of May 11, 2026.
