EagleRock Land
Monetizes Permian land through water, surface-access and pore-space agreements.
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Profile
Monetizes Permian Basin land through commercial water and construction resources, surface-use agreements and produced-water or pore-space royalties. Customers and operating partners carry most operating and capital work, while revenue depends on their development activity, leased land rights and regulated water infrastructure.
Monetizes Permian Basin surface land through commercial water, caliche and topsoil sales; surface-use agreements for drilling sites, roads, pipelines, transmission easements and rights-of-way; and royalties on produced-water and pore-space services. Its portfolio spans acreage in New Mexico's Delaware Basin and ranch land in Texas's Midland Basin, supported by water infrastructure operated by partners.
Earns revenue by negotiating access, lease, easement and resource terms with energy operators while customers or partners undertake most operating and capital work. It does not own oil-and-gas minerals, tying its economics to surface rights, contracts, partner-operated water systems and customer development activity. Much of the Delaware acreage is controlled through state and federal leases, and environmental permits govern disposal and injection uses.
Company facts
Key statistics
Year to date +12.4% · Average volume (30d) 174.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | Goldman Sachs | Reiterate | Neutral | $24 | $27 |
| Aug 12, 2026 | Barclays | Reiterate | Overweight | $25 | $27 |
| Jun 8, 2026 | Stephens | Target | $28 | ||
| Jun 8, 2026 | Raymond James | Target | $25 | ||
| Jun 8, 2026 | Barclays | Target | $25 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $0.13 | −$0.29 | −321.4% | $43.4M | $41.5M | −4.3% | +6.29% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $23.1M | $41.5M | |
| Gross profit | — | — | — | — | $10.7M | $32.9M | |
| Operating income | — | — | — | — | $6.2M | −$53.2M | |
| Net income | — | — | — | — | $3.4M | −$7.6M | |
| Diluted EPS | — | — | — | — | $0.00 | −$0.29 | |
| Gross margin | — | — | — | — | 46.6% | 79.1% | |
| Operating margin | — | — | — | — | 26.7% | -128.0% |
Balance sheet, Jun 30, 2026Cash & short-term investments $61.8M · Total debt $1.5M · Total assets $1.80B · Shareholders' equity $327.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 108.66M · Float 19.68M · 18.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| The TCW Group, Inc., on behalf of the TCW Business Unit | 4.56M | 18.30% | 13G | May 19, 2026 |
| First Manhattan Co. LLC. | 3.26M | 3.00% | 13F | Aug 14, 2026 |
| Price T Rowe Associates Inc /MD/ | 2.03M | 1.87% | 13F | Aug 14, 2026 |
| Encompass Capital Advisors LLC | 1.86M | 1.71% | 13F | Aug 14, 2026 |
| Horizon Kinetics Asset Management LLC | 1.68M | 6.90% | 13G | Jul 27, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- LandBridge
Closest rival in Permian surface access, resource monetization and siting.
- Texas Pacific Land
Large Permian land-and-water platform spanning leases, water and royalties.
- WaterBridge Infrastructure
Major Delaware Basin rival in produced-water handling and recycling.
- Western Midstream Partners
Integrated Delaware Basin rival in produced-water logistics and recycling.
- Select Water Solutions
Permian rival in water supply, recycling, disposal and pipeline service.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EagleRock Land | $24.63 | +0.37% | $2.68B | — | 30.8 | 41.4 | — |
| LandBridge | $86.94 | −0.03% | $6.70B | 39.3 | 39.7 | 29.7 | +40.5% |
| Texas Pacific Land | $363.30 | −0.29% | $25.13B | 46.5 | 39.3 | 28.0 | +31.2% |
| WaterBridge Infrastructure | $31.44 | 0.00% | $1.48B | 70.3 | 52.4 | 2.0 | — |
| Western Midstream Partners | $48.33 | +0.13% | $19.96B | 15.1 | 12.5 | 4.6 | +30.0% |
| Select Water Solutions | $19.28 | +0.05% | $2.11B | 71.7 | 28.1 | 1.5 | +8.7% |
| Median | 46.5 | 39.3 | 4.6 | +30.6% |