Permian-focused EagleRock soars in debut after $320 million IPO

EagleRock Land LLC

14/05/2026 18:13

Updates

** Shares of EagleRock EROK.N, which collects royalties and fees from oil and gas ‌production on the land it controls in the Permian Basin, jump as much as 28.8% in New York debut

** Stock opened at $23 apiece vs offer price of $18.50

** Houston-based EROK sold 17.3 million shares at midpoint of marketed range of $17 to $20 apiece to raise $320 million in IPO

** EagleRock owns and controls land in the Delaware and Midland portions of the Permian, the heart of the U.S. ​shale industry in Texas and New Mexico, as well as infrastructure to handle water used in the hydraulic fracturing process

** Goldman Sachs, Barclays and J.P. Morgan acted as lead book-running managers for offering

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))