•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
EagleRock Land, LLC (“EagleRock”), a land management royalty company with surface acreage in the core of the Permian Basin, priced its initial public offering of 17,300,000 Class A shares at $18.50 per share. The company also granted underwriters a 30-day option to purchase up to an additional 2,595,000 Class A shares at the same public offering price, less underwriting discounts and commissions.
The Class A shares are expected to begin trading on the New York Stock Exchange and NYSE Texas under the ticker symbol “EROK” on May 14, 2026. The offering is expected to close on May 15, 2026, subject to customary closing conditions.
EagleRock expects to receive net proceeds of approximately $286.6 million from the offering. If the underwriters exercise their option to purchase additional shares in full, net proceeds are expected to increase to approximately $331.3 million, after deducting underwriting discounts and commissions, placement agent fees and estimated expenses payable by EagleRock.
Goldman Sachs & Co. LLC, Barclays and J.P. Morgan are acting as lead book-running managers. Piper Sandler and Raymond James are additional book-running managers, while Pickering Energy Partners, Stephens Inc. and Texas Capital Securities are co-managers.
EagleRock said a registration statement covering the Class A shares was filed and declared effective by the U.S. Securities and Exchange Commission on May 13, 2026. The offering is being made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended.
EagleRock is a land management company that owns or controls approximately 236,000 acres in the Delaware and Midland sub-basins within the Permian Basin. The company also has an interest in up to approximately 70,000 acres pursuant to an acreage dedication related to its Midland Basin water infrastructure assets.
EagleRock said its acreage is intended to support the development of oil and natural gas resources in the Permian Basin and is strategically located to serve surface, resource, infrastructure and related commercial development needs of power and other emerging industries in the region.
EagleRock noted that the registration statement may be obtained free of charge from the SEC’s website. The company also stated that the press release does not constitute an offer to sell or a solicitation of an offer to buy any securities.
The company included a cautionary statement that the release contains forward-looking statements, including statements regarding the commencement of trading of the Class A shares and the expected closing date of the offering. EagleRock said such statements are subject to risks and uncertainties described in the registration statement and that it does not undertake to update or revise forward-looking statements except as required by law.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
