EagleRock Land, a petroleum and natural gas land management company, has applied for an IPO in the United States with plans to raise approximately $200 million.

EagleRock Land (EROK.US), a company that collects royalty and fee payments from oil and gas production on its Permian Basin land in the United States, submitted an application for an initial public offering (IPO) to the Securities and Exchange Commission (SEC) on Thursday, with expected fundraising of up to about $200 million. EagleRock Land owns or controls approximately 236,000 acres of surface land in the core areas of the Permian Basin in Texas and New Mexico, and additionally holds up to 70,000 acres of interests related to water infrastructure assets in the Midland Basin of the Permian Basin. The company does not itself extract oil and gas, but earns fees and royalty payments by granting operators the long-term right to drill, manage water, and select infrastructure sites on its land, with customers bearing operational and capital costs. Based in Houston, Texas, the company was established in 2023 and recorded revenues of $72 million in the twelve months ending on December 31, 2025. The company plans to list on the NYSE American with the ticker symbol EROK. EagleRock Land submitted the application in a confidential manner on January 23, 2026. Goldman Sachs Group, Inc., Barclays, JPMorgan, Piper Sandler, Raymond James, KeyBanc Capital Markets, Pickering Energy Partners, Stephens Inc., and Texas Capital Securities serve as joint book managers for this transaction.