EagleRock Land, LLC — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
EagleRock raised full-year 2026 Adjusted EBITDA guidance to $133–$137M (midpoint $135M, up $4M from prior $131M), driven by ~$2M from the Intrepid Ranch acquisition (closed for $78.3M) and ~$2M organic growth. Concurrently, EagleRock executed a new acreage dedication agreement with Double Eagle V for approximately 35,000 acres in the Midland Basin (bringing total Double Eagle dedication to ~105,000 acres), and closed two bolt-on Midland Basin acquisitions totaling ~2,000 acres for $15.4M. The dedication requires no capital from EagleRock and is expected to generate robust revenue beginning in 2027. Q3 2026 results: revenue $43.3M, Adjusted EBITDA $34.0M (78.5% margin), Free Cash Flow $31.8M (93% conversion). Net debt: $58M (0.4x leverage).
Why this rating
Guidance raise of $4M (~3% increase) and $15.4M acquisitions are material to a $1.8B asset base (~0.9% and 0.86% respectively). No-capex 35k-acre dedication with largest shareholder is strategically significant and de-risks growth. However, magnitude relative to company size is moderate; not transformational.
See more from November 3, 2026.
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