The Houston-based Permian Basin landowner aims to raise up to $346 million by selling 17.3 million shares at $17 to $20 on the NYSE.
At the top of the range, the company would have a market value of about $2.6 billion, based on the outstanding shares listed in its SEC filing.
The filing sets out EagleRock's proposed terms as it seeks public market funding, with the final proceeds depending on investor demand and the eventual pricing of the offering.
As US oil giants look overseas, is EagleRock’s bet on diversifying Permian land into tech and renewables a brilliant move or a desperate gamble?
With losses soaring despite revenue growth, can a Permian landowner successfully pivot to power AI data centers before its IPO cash runs out?