Every 8-K that EagleRock Land, LLC (EROK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow EROK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EROK filings page.
EagleRock Land, LLC (EROK) disclosed that its board approved 2026 long‑term incentive awards for senior executives in the form of Performance Share Units (PSUs) and Restricted Share Units (RSUs) under its Long Term Incentive Plan. CEO Greg Pipkin Jr. received 270,147 PSUs (at target), while CFO Neal H. Shah received 71,429 PSUs (at target) and 47,619 RSUs.
PSUs are earned based on total shareholder return (TSR) from May 14, 2026 through a 20‑trading‑day period ending May 14, 2029, using both relative and absolute TSR multipliers, with total vesting capped at 250% of target and subject to continued service and compensation committee certification. RSUs vest in three equal annual installments, with specified accelerated vesting on death, disability, qualifying retirement, certain terminations around a change in control, and all awards subject to clawback policies.
EagleRock Land, LLC reported a strong second quarter for 2026, highlighting rapid growth and its first major post-IPO acquisition. For the quarter ended June 30, 2026, the company generated normalized revenue of $46.8 million, up 32.3% from the first quarter, driven by commercialization of its Permian Basin land position. Normalized Adjusted EBITDA was $36.2 million, an increase of 31.7%, with a high 77.5% margin.
Free Cash Flow was $22.2 million versus $4.4 million in the prior quarter; excluding $6.4 million of cash interest tied to a predecessor credit facility repaid on June 3, 2026, Free Cash Flow would have been $28.6 million, a 96% conversion. The company completed an IPO on May 15, 2026, issuing 19.9 million Class A shares at $18.50 for approximately $368 million in gross proceeds, and ended the quarter with $261.8 million of liquidity. Full-year 2026 Normalized EBITDA guidance is $129–$133 million, above its original internal forecast.
EagleRock also acquired the Intrepid Ranch, approximately 50,000 surface acres in Lea County, New Mexico, from Hydrosource Logistics LLC for $78.2 million, funded with cash and revolver borrowings. The package includes about 22,000 fee acres, expanding New Mexico fee acreage by roughly 60%, along with existing commercial water rights, storage, disposal wells, caliche pits and permitted sand mines, positioning the company for additional royalty, water and non-oil-and-gas revenue opportunities.
EagleRock Land, LLC filed an amended report to add detailed historical and pro forma financial information related to its recent reorganization and initial public offering. The amendment provides unaudited carve-out financial statements for DE IV Flow, LLC and Shallow Valley Ranch, along with unaudited pro forma condensed consolidated statements reflecting the DE Flow and Shallow Valley contributions, the Up-C reorganization and the Class A share offering.
For the three months ended March 31, 2026, DE IV Flow generated total revenues of $20,546,698 and net income of $11,206,394 on total assets of $75,089,163. Shallow Valley Ranch reported total revenues of $5,166 thousand and net income of $3,439 thousand on total assets of $95,115 thousand. The pro forma information also incorporates EagleRock’s offering of 17,300,000 Class A shares, the underwriters’ 2,595,000-share option and related net proceeds of $330.4 million, together with OpCo units valued at $988,583 thousand for the DE Flow contribution and $455,445 thousand for the Shallow Valley contribution.
EagleRock Land, LLC filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and furnished an update with preliminary pro forma first-quarter results and capital structure changes. Because the IPO closed after the quarter, the 10-Q primarily reflects predecessor Lea & Eddy Holdings, LLC and excludes acquired entities and pro forma results.
Previously disclosed pro forma estimates for the quarter show revenue between $29.6 million and $36.1 million, net income between $13.3 million and $16.2 million, and Adjusted EBITDA between $25.7 million and $31.5 million, with a midpoint Adjusted EBITDA margin of 87.1%. On June 3, 2026 the company repaid approximately $269 million of predecessor credit facility debt and, after that repayment, put in place a new revolving credit facility providing up to $200 million, with the option to increase by an additional $100 million. As of the release date, there are no borrowings outstanding under the new facility.
EagleRock describes itself as a land management company with approximately 236,000 acres in the Delaware and Midland sub-basins of the Permian Basin and an interest in up to approximately 70,000 acres via a Midland Basin water infrastructure acreage dedication. The company plans to file unaudited pro forma financial statements for the quarter by July 31, 2026 and expects to begin customary earnings releases and conference calls starting with second-quarter 2026 results.
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 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 completed its initial public offering of 17,300,000 Class A shares at $18.50 per share, plus a 2,595,000-share underwriters’ option that was exercised, and received approximately $333.1 million in net proceeds. The Class A shares trade on the NYSE and NYSE Texas under the symbol EROK.
In connection with the IPO, EagleRock implemented an Up‑C style structure where its sole material asset is units of EagleRock Land Operating, LLC, and it entered into a registration rights agreement and shareholder and voting agreements that give key pre‑IPO owners board nomination and voting arrangements, subject to ownership thresholds and lock-ups.
The company also adopted a Long Term Incentive Plan reserving 13,012,499 Class A shares, an Employee Share Purchase Plan for up to 1,377,784 shares, and a change in control severance plan. New independent directors were appointed and indemnification agreements executed. EagleRock’s operating subsidiary entered long-term produced water recycling and water system management agreements with royalty and minimum-commitment features tied to its Permian Basin acreage.