EagleRock Land, LLC SEC Filings

EagleRock Land, LLC files its first Quarterly Report as a public company, presenting stand-alone balance sheets and detailed results for accounting predecessor Lea & Eddy Holdings, LLC for the three months ended March 31, 2026, which precede EagleRock’s May 2026 IPO.

Predecessor Lea & Eddy generated revenues of $23.1 million for the quarter, up from $7.1 million a year earlier, driven mainly by higher water sales and surface and other revenues. Net income improved to $3.4 million from a net loss of $1.1 million, despite higher general and administrative and depreciation and amortization expenses.

The report details a transformative capital structure shift completed after quarter‑end. EagleRock issued 17,300,000 Class A shares at $18.50 per share in its IPO, plus 2,595,000 additional Class A shares via the underwriters’ option, generating approximately $328.5 million in net proceeds. OpCo used a substantial portion to fully repay the Predecessor Credit Facility with a $269.1 million cash payment and put in place a new $200.0 million senior secured revolving Credit Facility that is undrawn.

The Company also executed major related-party business combinations concurrent with the IPO. OpCo acquired the DE Flow System and Shallow Valley Ranch via contributions valued at $988.6 million and $455.4 million, respectively, both accounted for as business combinations. New commercial agreements, including a 10‑year Water System Management Agreement with minimum annual royalties up to $40.0 million in the first five years and a 10‑year Produced Water Recycling Rights Agreement with a five‑year minimum royalty commitment of $5.0 million per year, create sizable contracted revenue streams tied to the Permian and Midland Basin water and surface businesses. The filing emphasizes EagleRock’s status as an emerging growth company and notes that pro forma financial information reflecting the IPO and related transactions will be provided in a later filing.

EagleRock Land, LLC furnished an update by posting a new investor presentation titled “Investor Presentation - June 2026” on its Investor Relations website. The company highlights that it may use this webpage and other parts of its site to share financial and other information that could be considered material.

The presentation is furnished under Item 7.01 of the Exchange Act, meaning it is not deemed “filed” for purposes of Section 18 and is not incorporated by reference into other Securities Act or Exchange Act filings.

EagleRock Land, LLC ownership disclosure: three affiliated filers report shared voting and dispositive power over 3,038,120 Class A shares (CUSIP 27005A105), representing 12.2% of the class. The filing lists the filers as First Manhattan Co. LLC, FMC Group Holdings LP and First Manhattan Management LLC, each organized in Delaware and using the same New York address.

EagleRock Land, LLC filed a Schedule 13G reporting beneficial ownership of 1,407,604 shares of Class A shares, representing 5.11% of the class. The filing is signed by Todd J. Kantor on 05/29/2026 and lists Encompass Capital Advisors LLC as a co-filer.

EagleRock Land, LLC describes a refinancing of its main debt facilities tied to its initial public offering. Its subsidiary EagleRock Land Operating, LLC became parent and guarantor under a Predecessor Credit Facility, which had about $263.3 million outstanding and a $270.0 million payoff balance as of May 4, 2026, bearing interest at SOFR plus an 8.0%–8.5% margin and maturing on July 3, 2027. The company plans to use part of the IPO proceeds to repay and terminate this facility. In connection with the offering, OpCo entered into a new $200.0 million revolving Credit Facility with JPMorgan Chase Bank as administrative agent, secured by first-priority liens on substantially all OpCo and guarantor assets and including a $100.0 million accordion and a $10.0 million letter of credit sublimit. The new facility, which accrues interest at SOFR plus a grid-based margin tied to OpCo’s net total leverage ratio, will become effective once the predecessor facility is fully repaid and terminated and imposes ongoing leverage and interest coverage covenants.

EagleRock Land, LLC director Nelson James Carl, through affiliated entities, reported indirect open-market purchases totaling 100,000 Class A shares at $18.50 per share on May 15, 2026, in connection with the company’s initial public offering.

The filing notes 50,000 Class A shares are held by JMP Partners, Ltd. and 50,000 by Longspar Capital, Inc.. Through related trusts and ownership structures, Carl may exercise voting and investment control over these shares but disclaims beneficial ownership beyond his pecuniary interest. Following these transactions, reported indirect holdings total 100,000 Class A shares.

EagleRock Land director Wallace Michael Wayne reported an open-market purchase of 250,000 Class A shares at $18.50 per share. The shares were acquired in EagleRock Land’s initial public offering that closed on May 15, 2026 and are held indirectly through Wallace Family Partnership, LP.

Wayne and his wife together control the general partner of Wallace Family Partnership and may exercise voting and investment control over these shares, though he disclaims beneficial ownership beyond his pecuniary interest.

EagleRock Land, LLC director Stephanie L. Reed bought 13,513 Class A shares in an open-market purchase. She paid $18.50 per share on this transaction, bringing her direct holdings to 13,513 Class A shares. The shares were purchased through the directed share program in the company’s initial public offering.

EagleRock Land, LLC director Kumar Raj bought shares in the company. On May 15, 2026, he made an open-market purchase of 5,405 Class A shares at $18.50 per share, bringing his directly held position to 5,405 shares.

According to the footnote, these Class A shares, representing limited liability company interests in EagleRock Land, LLC, were purchased through the directed share program in the company’s initial public offering.