EagleRock Announces Third Quarter 2026 Results
Business Wire•03/11/2026•16:20 ET
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Key Highlights
- ➤Full-year 2026 Adjusted EBITDA guidance raised to $133 million-$137 million
- ➤Third-quarter revenue reached $43.3 million and net income $11.3 million
- ➤Third-quarter Adjusted EBITDA totaled $34.0 million, with 78.5% margin
- ➤Free Cash Flow reached $31.8 million, representing 93% conversion
- ➤Double Eagle V added approximately 35,000 Midland Basin dedicated acres
- ➤Two Midland Basin acquisitions totaled approximately 2,000 acres for $15.4 million
Expert Statements
Greg Pipkin, Chief Executive Officer of EagleRock
“EagleRock’s position across the Midland and Delaware Basins reflects the strength of our integrated model, with complementary assets, deep relationships, and durable royalty and fee-driven cash flow across commodity cycles,”
Greg Pipkin, Chief Executive Officer of EagleRock
“Our third-quarter results reflect our continued focus on disciplined execution and creating long-term value for shareholders.”
Greg Pipkin, Chief Executive Officer of EagleRock
“Our cash flow generation provides the flexibility to pursue attractive opportunities while maintaining a disciplined balance sheet.”
Greg Pipkin, Chief Executive Officer of EagleRock
“To that end, we’re pleased to announce a new, substantial acreage dedication from Double Eagle, alongside additional bolt-on acquisitions that further densify our footprint in the Midland Basin.”
Greg Pipkin, Chief Executive Officer of EagleRock
“Together, these transactions deepen our water infrastructure, expand our royalty base, and tie our own organic growth directly into the strength of our relationship with Double Eagle.”
Greg Pipkin, Chief Executive Officer of EagleRock
“This is the same disciplined, accretive approach to growth we have spoken to in the past, and we remain confident in our ability to continue building on it.”
Raises full-year 2026 Adjusted EBITDA guidance to a range between $133 million and $137 million
EagleRock Land, LLC (“EagleRock” or the “Company”) (NYSE: EROK) today announced its financial and operating results for the third quarter ended September 30, 2026.
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