# EagleRock Land LLC (EROK)

> Source: Nexqual · https://nexqual.com/EROK · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, EagleRock Land LLC (EROK), nexqual.com/EROK" · informational, not investment advice.

**Price:** USD 20.38 (-1.69% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 20.73 · day 20.14–21.25 · 52w 16.99–27.42 · market cap $2.68B · NYQ

## Key facts
- Analysts: Buy (mean 1.50 on a 1–5 scale) (6 analysts), mean target USD 27.67 (range 25–31).
- Total return with dividends: 1Y -5.1% vs S&P 500 +14.8%; 5Y -5.4% vs S&P 500 +79.1%.
- Next earnings: 2026-11-03, EPS estimate USD 0.14, revenue estimate $44.1M. All companies reporting that day: https://nexqual.com/earnings/2026-11-03
- Dividend: EROK paid no cash dividend in the last five years.
- Short interest: 5.51% of float (as of 2026-10-15), 4.6 days to cover.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/B 8.2x

## Analysts
Consensus Buy (mean 1.50 on a 1–5 scale), 6 analysts; mean target USD 27.67 (low 25, high 31).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Piper Sandler | Target lowered | Overweight | $33 → $31 |
| 2026-10-13 | JP Morgan | Target lowered | Overweight | $29 → $27 |
| 2026-09-01 | Piper Sandler | Target raised | Overweight | $28 → $33 |
| 2026-08-21 | Goldman Sachs | Target raised | Neutral | $24 → $28 |
| 2026-08-12 | Barclays | Target raised | Overweight | $25 → $27 |

## Total return (dividends reinvested)
|  | 1Y (from 2026-05-14) | 5Y (from 2026-05-11) |
|---|---|---|
| Total return | -5.1% | -5.4% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | — | — |
| Volatility (annualized) | 48.4% | 51.8% |
| Max drawdown | -34.4% (Aug 2026→Oct 2026) | -34.0% (Aug 2026→Oct 2026) |

## Dividends
EROK paid no cash dividend in the last five years.

## Short interest
1,029,707 shares sold short, 5.51% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 696,189 shares (+47.9%). Days to cover: 4.6 (short shares ÷ average daily volume).

## Peers (Oil & Gas Equipment & Services)
WTTR (Select Water Solutions, Inc.) USD 19.93 +0.50% · LBRT (Liberty Energy Inc.) USD 17.41 -1.14% · EFXT (Enerflex Ltd) USD 24.3 -2.80% · FLOC (Flowco Holdings Inc.) USD 20.05 -1.47% · NESR (National Energy Services Reunit) USD 21.43 -1.43% · INVX (Innovex International, Inc.) USD 30 -1.22%

## More
Full page: https://nexqual.com/EROK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Customer concentration

Period ended 2026-06-30: 18%, 15%, 13%, 12% of revenue from unnamed direct customers (10-Q, filed 2026-08-13).

## Company outlook (8-K filed 2026-08-11)

- "For the full year 2026, the Company now expects Normalized EBITDA to exceed its original internal forecast and is expected to range from $129 million to $133 million."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.14 | $0.13 | +4.9% | $44.1M | 1 |
| Next quarter (ends 2026-12-31) | $0.24 | $0.15 | +61.8% | $51.2M | 1 |
| Current fiscal year (ends 2026-12-31) | $0.12 | $0.42 | -71.5% | $168.6M | 1 |
| Next fiscal year (ends 2027-12-31) | $0.95 | $0.60 | +59.9% | $215.7M | 1 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.56 | $0.13 | Beat +330.8% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-09-16 | 8-K | Director or executive officer change, or pay arrangement — “2026 Long-Term Incentive Awards On September 10, 2026, the board of directors (the "Board") of EagleRock Land, LLC (the "Company"), approved grants of Performance Share Units ("PSUs") and Restricted Share Units ("RSUs") under the EagleRock Land, LLC Long Term Incentive Plan (the "LTIP") to certain of the Company's executive officers, including Greg Pipkin Jr., the Company's Chief Executive Officer, and Neal H. Shah, the Company's Chief Financial Officer. Mr. Pipkin was granted an award composed entirely in the…” | https://www.sec.gov/Archives/edgar/data/2104882/000119312526393083/0001193125-26-393083-index.htm |
| 2026-08-14 | Schedule 13G/A | Encompass Capital Advisors LLC, Todd J. Kantor: 7.6% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/2104882/000117266126003756/0001172661-26-003756-index.htm |
| 2026-08-13 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/2104882/000119312526349110/0001193125-26-349110-index.htm |
| 2026-08-11 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/2104882/000119312526343071/0001193125-26-343071-index.htm |
| 2026-07-31 | 8-K/A | Current report | https://www.sec.gov/Archives/edgar/data/2104882/000119312526328617/0001193125-26-328617-index.htm |
| 2026-07-27 | Schedule 13G | HORIZON KINETICS ASSET MANAGEMENT LLC, Horizon Kinetics Holding Corp: 6.9% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/2104882/000105682326000019/0001056823-26-000019-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.