rewrite this title Land management company EagleRock discloses revenue rise in US IPO filing By Reuters

April 16 (Reuters) – Land management company EagleRock Land reported higher annual revenue in paperwork filed on Thursday for a U.S. initial public offering, positioning itself as a rare energy listing amid renewed investor interest in the sector.

The Houston‑based firm reported a net loss of $73.1 million for the fiscal year ended December 31, wider than $1.1 million a year earlier. Its revenue jumped to $72.2 million from $17.7 million.

The IPO comes as U.S. oil and gas listings remain scarce after years of investor caution, even as surging crude prices driven by Middle East conflict and disruptions to the Strait of Hormuz revive interest in energy assets.

EagleRock generates revenue by collecting royalties and fees from oil and gas activity on land it owns or controls, rather than drilling itself, allowing it to earn largely fee‑based income with limited operating costs.

The company owns or controls about 236,000 acres in the Permian Basin, one of the world’s most prolific oil‑producing regions, spanning West Texas and southeastern New Mexico.

The Permian Basin is divided into two main areas: the Midland Basin, primarily in Texas, and the Delaware Basin, which stretches across West Texas and into New Mexico.

The company has not disclosed how much it aims to raise, but Reuters reported earlier, citing people familiar with the matter, that EagleRock is targeting a valuation of between $1 billion and $2 billion.

Goldman Sachs, Barclays, J.P. Morgan, Piper Sandler and Raymond James are among the underwriters for the offering.

EagleRock intends to list its shares on the New York Stock Exchange under the symbol “EROK.”