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EagleRock Land, LLC (EROK) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · EagleRock Land, LLC (EROK) Q2 2026 earnings results →

Q2 2026 Revenue up 74% year over year to $41.5M · 90¢ of every $1 of revenue lost · operating margin -128.0%

EagleRock Land, LLC made $41.5M in Q2 2026 (+74% Y/Y). Operating margin -128.0%, net loss $37.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$41.5M
Year over year+74%
Operating margin-128.0%
Net earnings−$37.5M
Operating cash flow—

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $41.5M in Q2 2026, up 74% year over year.

Operating costs exceeded revenue by $53.2M, an operating margin of -128.0%. Total costs grew 409% against revenue growth of 74%. The fastest-growing cost line was General & admin (+1942%). The quarter ended with a net loss of $37.5M. Minority interests bore $30.0M of it: to shareholders the quarter was a loss of $7.6M. Non-operating items added $15.5M, -41% of pre-tax earnings, so the bottom line overstates operating performance.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$41.5M+74%-128.0%−$37.5M—

Charts

EagleRock Land, LLC in its industry: growth against margin (4 companies, SIC 6792)EagleRock Land, LLC in its industry: growth against margin (4 companies, SIC 6792)revenue growth, year over year →↑ operating marginmedian +40%median 76%TPLLBNRTEROK (+74%, -100%)
Oil Royalty Traders; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About EagleRock Land, LLC

EagleRock (NYSE: EROK) is a land management company that owns or controls approximately 286,000 acres in the heart of the Delaware and Midland sub-basins within the prolific Permian Basin. In addition, EagleRock has an interest in up to approximately 70,000 acres pursuant to an acreage dedication related to its Midland Basin water infrastructure assets. Its acreage is vital to the efficient development of oil and natural gas resources in the Permian Basin and is strategically located to support the growing surface, resource, infrastructure, and related commercial development needs of the power and other emerging industries in the Permian Basin.

In its own words, from its 8-K, filed Aug 11, 2026.

EagleRock Land, LLC against its Oil Royalty Traders peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +74% against the peers' median +40%. Operating margin: -128.0% against the peers' median 76.0%.

CompanyQuarterRevenueY/YOp. margin
EROK EagleRock Land, LLCQ2 2026$41.5M+74%-128.0%
TPL Texas Pacific LandQ3 2026$273M+35%76.0%
LB LandBridgeQ3 2026$70.9M+40%68.1%
NRT North European Oil Royalty TrustQ3 FY26$2.7M+0.6%93.1%

Source: EagleRock Land, LLC 10-Q on SEC EDGAR · CIK 2104882 · Oil Royalty Traders

13F: who owns EROK and who is buying

Largest holders of EROK (13F)Largest holders of EROK (13F)First Manhattan Co. LLC.$69.2MPrice T Rowe Associates$43.2MEncompass Capital Advisors LLC$39.5MHorizon Kinetics Asset Management…$35.8MDeprince Race & Zollo$19.7MMerewether Investment Management,…$18.6MCibc Bancorp USA$15.4MEagle Global Advisors LLC$13.2MBlackRock$12.9MSchwartz Investment Counsel$12.1M

More on EROK

History

Every quarter: Q2 2026 results

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