Latham Advises on EagleRock Land LLC US$320 Million IPO

EagleRock Land, LLC (EagleRock), a land management royalty company that controls surface acreage in the core of the Permian Basin providing access to land, resources, and infrastructure for critical industries, has priced its initial public offering of 17,300,000 Class A shares representing limited liability company interests at a price to the public of US$18.50 per Class A share. In addition, EagleRock granted the underwriters a 30-day option to purchase up to an additional 2,595,000 Class A shares at the public offering price, less underwriting discounts and commissions. The Class A shares are expected to begin trading on the New York Stock Exchange (NYSE) and NYSE Texas, Inc. under the ticker symbol EROK on May 14, 2026. 

Latham & Watkins LLP represented the underwriters in the transaction with a corporate deal team led by Houston partners Ryan Maierson and John Slater, with associates Carol Bale, Luisa Yokubaitis, and Evan Long-Quian. Advice was also provided on tax matters by Houston partner Bryant Lee, with associate Christopher Garza; on finance matters by Houston/New York partner Craig Kornreich and counsel Natalie McFarland, with associates Kara Burkett and Alex Reiher; and on sanctions matters by Washington, D.C. partner Andrew Galdes.