Subsequent Events - Additional Information (Details)
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3 Months Ended |
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Jun. 23, 2026
shares
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Jun. 17, 2026
USD ($)
a
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Jun. 03, 2026
USD ($)
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May 20, 2026
shares
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May 15, 2026
USD ($)
a
MmbblsPerDay
MbblsPerDay
$ / shares
$ / bbl
shares
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May 14, 2026
USD ($)
$ / shares
shares
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May 13, 2026
shares
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May 04, 2026
USD ($)
Request
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Apr. 01, 2026
USD ($)
a
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Mar. 31, 2026
USD ($)
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Jun. 08, 2026 |
Dec. 31, 2025
USD ($)
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| Long Term Incentive Plan |
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| Subsequent Event [Line Items] |
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| Award vesting rights description |
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Each RSU represents the right to receive one share of the Company's Class A Shares upon vesting, and the right to receive dividends paid to each Class A shareholder between the grant date and vesting date.
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| Hydrosource Recycling Agreement |
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| Subsequent Event [Line Items] |
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| Recycling agreement terms |
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(i) a royalty equal to 31% of the gross selling price for each barrel of recycled water stored, treated, processed, recycled, disposed, purchased or sold the Company's land by Hydrosource less applicable taxes, (ii) a royalty equal to 5% of the gross selling price for each barrel of recycled water sold in New Mexico off of the Company's land, (iii) a $0.04 per barrel transit tariff for volumes of produced water or recycled water transported across the Company's land solely for purposes of transit to a facility located outside of our land, (iv) a royalty equal to 50% of the gross selling price received by Hydrosource less the amount paid to the supplier for produced water sourced pursuant to a long-term agreement that provides Hydrosource access to 3 MMBbls/d of produced water, (v) Hydrosource's payment of 50% of the gross revenue received from the sale of skim oil recovered from the facilities or other operations on our land, (vi) a five-year minimum royalty commitment of $5.0 million per year and (vii) Hydrosource's two-year exclusive option to develop a solid waste facility on the Company's land.
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| EagleRock Credit Facility |
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| Subsequent Event [Line Items] |
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| Covenant terms |
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The Credit Facility includes a commitment fee on undrawn amounts ranging from 0.375% to 0.50%. The Credit Facility contains customary affirmative and negative covenants, as well as financial covenants requiring maintenance of a minimum Interest Coverage Ratio of 2.75:1.00 and a maximum Net Total Leverage Ratio of 3.50:1.00 (or 4.00:1.00 following a Material Permitted Acquisition (as defined in the Credit Facility)), and contains customary affirmative covenants, negative covenants, and events of default.
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| Lea & Eddy Holdings, LLC |
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| Subsequent Event [Line Items] |
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| Debt discount and debt issuance costs |
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$ (32,579,000)
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$ (35,057,000)
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| Area of land | a |
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6.86
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| Lea & Eddy Holdings, LLC | Long Term Incentive Plan |
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| Subsequent Event [Line Items] |
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| Award vesting rights description |
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Each RSU represents the right to receive one share of the Registrant's Class A Shares upon vesting, and the right to receive dividends paid to each Class A shareholder between the grant date and vesting date.
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| Lea & Eddy Holdings, LLC | Hydrosource Recycling Agreement |
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| Subsequent Event [Line Items] |
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| Recycling agreement terms |
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(i) a royalty equal to 31% of the gross selling price for each barrel of recycled water stored, treated, processed, recycled, disposed, purchased or sold on the Registrant's land by Hydrosource less applicable taxes, (ii) a royalty equal to 5% of the gross selling price for each barrel of recycled water sold in New Mexico off of the Registrant's land, (iii) a $0.04 per barrel transit tariff for volumes of produced water or recycled water transported across the Registrant's land solely for purposes of transit to a facility located outside of our land, (iv) a royalty equal to 50% of the gross selling price received by Hydrosource less the amount paid to the supplier for produced water sourced pursuant to a long-term agreement that provides Hydrosource access to 3 MMBbls/d of produced water, (v) Hydrosource's payment of 50% of the gross revenue received from the sale of skim oil recovered from the facilities or other operations on our land, (vi) a five-year minimum royalty commitment of $5.0 million per year and (vii) Hydrosource's two-year exclusive option to develop a solid waste facility on the Registrant's land.
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| Lea & Eddy Holdings, LLC | EagleRock Credit Facility |
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| Subsequent Event [Line Items] |
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| Covenant terms |
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The Credit Facility contains customary affirmative and negative covenants, as well as financial covenants requiring maintenance of a minimum Interest Coverage Ratio of 2.75:1.00 and a maximum Net Total Leverage Ratio of 3.50:1.00 (or 4.00:1.00 following a Material Permitted Acquisition (as defined in the Credit Facility)), and contains customary affirmative covenants, negative covenants, and events of default.
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| Subsequent Event | Long Term Incentive Plan | Restricted Stock Units |
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| Subsequent Event [Line Items] |
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| Number of shares granted | shares |
367,567
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| Subsequent Event | Employee Stock Purchase Plan |
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| Subsequent Event [Line Items] |
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| Number of shares granted | shares |
0
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| Subsequent Event | DE Flow WSMA |
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| Subsequent Event [Line Items] |
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| Initial term of agreement |
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10 years
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| Percentage of royalty equal to net proceeds |
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90.00%
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| Subsequent Event | Hydrosource Recycling Agreement |
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| Subsequent Event [Line Items] |
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| Initial term of agreement |
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10 years
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| Percentage of royalty equal to gross selling price for recycled water less applicable taxes |
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31.00%
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| Percentage of royalty equal to gross selling price for recycled water sold in new Mexico |
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5.00%
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| Water producing capacity | MmbblsPerDay |
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3
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| Transmit tariff for volumes of water | $ / bbl |
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0.04
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| Percentage of royalty equal to gross selling price amount paid to supplier |
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50.00%
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| Payment percentage |
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50.00%
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| Royalty commitment term |
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5 years
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| Royalty commitment amount |
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$ 5,000,000
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| Exclusive option period |
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2 years
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| Subsequent Event | Minimum | Long Term Incentive Plan | Restricted Stock Units |
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| Subsequent Event [Line Items] |
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| Award vesting period |
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1 year
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| Subsequent Event | Minimum | Sixth Amendment |
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| Subsequent Event [Line Items] |
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| Proceeds from IPO |
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$ 270,000,000
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| Subsequent Event | Minimum | DE Flow WSMA | First Five Years of Initial Term |
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| Subsequent Event [Line Items] |
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| Annual royalty |
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$ 40,000,000
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| Subsequent Event | Minimum | DE Flow WSMA | Last Five Years of Initial Term |
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| Subsequent Event [Line Items] |
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| Annual royalty |
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$ 10,000,000
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| Subsequent Event | Maximum | Long Term Incentive Plan | Restricted Stock Units |
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| Subsequent Event [Line Items] |
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| Number of shares granted | shares |
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810,811
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| Award vesting period |
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3 years
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| Subsequent Event | Maximum | DE Flow WSMA |
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| Subsequent Event [Line Items] |
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| Acreage dedication related to water infrastructure assets | a |
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70,000
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| Subsequent Event | Credit Facility |
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| Subsequent Event [Line Items] |
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| Cash payment of debt |
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$ 269,100,000
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| Subsequent Event | EagleRock Credit Facility |
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| Subsequent Event [Line Items] |
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| Maximum borrowing capacity |
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200,000,000
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| Letter of credit sublimit |
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10,000,000
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| Minimum amount of increase that can be requested |
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$ 25,000,000
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| Maximum number of request for increment | Request |
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4
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| Subsequent Event | EagleRock Credit Facility | Minimum |
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| Subsequent Event [Line Items] |
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| Interest coverage ratio |
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2.75
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| Commitment fee percentage |
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0.375%
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| Subsequent Event | EagleRock Credit Facility | Maximum |
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| Subsequent Event [Line Items] |
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| Net total leverage ratio |
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3.5
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4
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| Additional borrowing capacity |
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$ 100,000,000
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| Commitment fee percentage |
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0.50%
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| Subsequent Event | EagleRock Credit Facility | Secured Overnight Financing Rate | Minimum |
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| Subsequent Event [Line Items] |
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| Variable interest rate |
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2.25%
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| Subsequent Event | EagleRock Credit Facility | Secured Overnight Financing Rate | Maximum |
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| Subsequent Event [Line Items] |
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| Variable interest rate |
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3.00%
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| Subsequent Event | DE Flow Contribution |
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| Subsequent Event [Line Items] |
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| Acquired produced water handling capacity | MbblsPerDay |
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400
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| Subsequent Event | Class A Shares | Long Term Incentive Plan |
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| Subsequent Event [Line Items] |
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| Number of shares authorized | shares |
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13,012,499
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| Subsequent Event | Class A Shares | Employee Stock Purchase Plan |
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| Subsequent Event [Line Items] |
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| Number of shares authorized | shares |
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1,377,784
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| Subsequent Event | Class A Shares | TCW Entities | Exercised Warrants |
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| Subsequent Event [Line Items] |
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| Number of shares exercised by warrants | shares |
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4,560,688
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| Subsequent Event | OpCo Units | TCW Entities | Exercised Warrants |
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| Subsequent Event [Line Items] |
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| Number of shares exercised by warrants | shares |
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14,939,952
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| Subsequent Event | Initial Public Offering | DE Flow Contribution |
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| Subsequent Event [Line Items] |
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| Shares received as consideration | shares |
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45,873,930
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| Consideration transferred value |
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$ 988,600,000
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| Subsequent Event | Initial Public Offering | Shallow Valley Contribution |
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| Subsequent Event [Line Items] |
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| Shares received as consideration | shares |
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21,134,331
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| Consideration transferred value |
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$ 455,400,000
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| Area of land | a |
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41,000
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| Subsequent Event | Initial Public Offering | Class A Shares |
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| Subsequent Event [Line Items] |
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| Number of shares issued | shares |
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17,300,000
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| Percentage of economic rights |
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100.00%
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| Price per share | $ / shares |
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$ 18.5
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$ 18.5
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| Subsequent Event | Initial Public Offering | Class A Shares | Management Team |
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| Subsequent Event [Line Items] |
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| Aggregate value subject to tax withholdings |
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$ 57,400,000
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| Number of shares issued | shares |
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3,100,001
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| Subsequent Event | Initial Public Offering | Class B Shares | Shallow Valley Ranch and Double Eagle IV Midco, LLC |
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| Subsequent Event [Line Items] |
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| Number of shares issued | shares |
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109,724,999
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| Subsequent Event | Initial Public Offering | OpCo Units | Credit Facility |
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| Subsequent Event [Line Items] |
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| Shares received as consideration | shares |
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42,716,738
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| Subsequent Event | Initial Public Offering | OpCo Units | DE Flow Contribution |
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| Subsequent Event [Line Items] |
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| Shares received as consideration | shares |
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45,873,930
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| Subsequent Event | Initial Public Offering | OpCo Units | Shallow Valley Contribution |
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| Subsequent Event [Line Items] |
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| Shares received as consideration | shares |
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21,134,331
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| Subsequent Event | Underwriters |
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| Subsequent Event [Line Items] |
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| Proceeds from IPO |
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$ 328,500,000
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| Number of days were granted to underwriters |
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30 days
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| Subsequent Event | Underwriters | Class A Shares |
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| Subsequent Event [Line Items] |
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| Number of shares issued | shares |
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2,595,000
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| Subsequent Event | Intrepid Acquisition |
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| Subsequent Event [Line Items] |
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|
|
|
|
|
|
|
|
|
|
| Acquisition date |
|
|
|
|
|
|
|
|
Apr. 01, 2026
|
|
|
|
| Total consideration of acquisition |
|
|
|
|
|
|
|
|
$ 70,000,000
|
|
|
|
| Transaction costs of acquisition |
|
|
|
|
|
|
|
|
300,000
|
|
|
|
| Subsequent Event | Intrepid Acquisition | Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt principal amount |
|
|
|
|
|
|
|
|
70,000,000
|
|
|
|
| Debt discount and debt issuance costs |
|
|
|
|
|
|
|
|
$ 2,500,000
|
|
|
|
| Maturity date of debt |
|
|
|
|
|
|
|
|
Dec. 31, 2027
|
|
|
|
| Additional debt issuance costs |
|
|
|
|
|
|
|
|
$ 2,100,000
|
|
|
|
| Subsequent Event | Intrepid Acquisition | Fee Surface Acres |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Area of land acquired | a |
|
|
|
|
|
|
|
|
22,000
|
|
|
|
| Subsequent Event | Intrepid Acquisition | Federal Grazing Lease Acres |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Area of land acquired | a |
|
|
|
|
|
|
|
|
28,000
|
|
|
|
| Subsequent Event | Pitcock Ranch Land Acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisition date |
|
Jun. 17, 2026
|
|
|
|
|
|
|
|
|
|
|
| Total cash consideration of acquisition |
|
$ 2,000,000
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event | Pitcock Ranch Land Acquisition | Fee Surface Acres |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Area of land acquired | a |
|
642.8
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Long Term Incentive Plan | Restricted Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares granted | shares |
367,567
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Employee Stock Purchase Plan |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares granted | shares |
0
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | DE Flow WSMA |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Initial term of agreement |
|
|
|
|
10 years
|
|
|
|
|
|
|
|
| Percentage of royalty equal to net proceeds |
|
|
|
|
90.00%
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Hydrosource Recycling Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Initial term of agreement |
|
|
|
|
10 years
|
|
|
|
|
|
|
|
| Percentage of royalty equal to gross selling price for recycled water less applicable taxes |
|
|
|
|
31.00%
|
|
|
|
|
|
|
|
| Percentage of royalty equal to gross selling price for recycled water sold in new Mexico |
|
|
|
|
5.00%
|
|
|
|
|
|
|
|
| Water producing capacity | MmbblsPerDay |
|
|
|
|
3
|
|
|
|
|
|
|
|
| Transmit tariff for volumes of water | $ / bbl |
|
|
|
|
0.04
|
|
|
|
|
|
|
|
| Percentage of royalty equal to gross selling price amount paid to supplier |
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
| Payment percentage |
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
| Royalty commitment term |
|
|
|
|
5 years
|
|
|
|
|
|
|
|
| Royalty commitment amount |
|
|
|
|
$ 5,000,000
|
|
|
|
|
|
|
|
| Exclusive option period |
|
|
|
|
2 years
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Minimum | Long Term Incentive Plan | Restricted Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Award vesting period |
|
|
|
|
|
|
1 year
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Minimum | Sixth Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from IPO |
|
|
|
|
|
|
|
$ 270,000,000
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Minimum | DE Flow WSMA | First Five Years of Initial Term |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Annual royalty |
|
|
|
|
$ 40,000,000
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Minimum | DE Flow WSMA | Last Five Years of Initial Term |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Annual royalty |
|
|
|
|
$ 10,000,000
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Maximum | Long Term Incentive Plan | Restricted Stock Units |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares granted | shares |
|
|
|
810,811
|
|
|
|
|
|
|
|
|
| Award vesting period |
|
|
|
|
|
|
3 years
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Maximum | DE Flow WSMA |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Acreage dedication related to water infrastructure assets | a |
|
|
|
|
70,000
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash payment of debt |
|
|
$ 269,100,000
|
|
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | EagleRock Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum borrowing capacity |
|
|
|
|
|
|
|
$ 200,000,000
|
|
|
|
|
| Credit facility maturity date |
|
|
|
|
|
|
|
Jun. 08, 2031
|
|
|
|
|
| Letter of credit sublimit |
|
|
|
|
|
|
|
$ 10,000,000
|
|
|
|
|
| Minimum amount of increase that can be requested |
|
|
|
|
|
|
|
$ 25,000,000
|
|
|
|
|
| Maximum number of request for increment | Request |
|
|
|
|
|
|
|
4
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | EagleRock Credit Facility | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest coverage ratio |
|
|
|
|
|
|
|
2.75
|
|
|
|
|
| Commitment fee percentage |
|
|
|
|
|
|
|
0.375%
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | EagleRock Credit Facility | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Net total leverage ratio |
|
|
|
|
|
|
|
3.5
|
|
|
4
|
|
| Additional borrowing capacity |
|
|
|
|
|
|
|
$ 100,000,000
|
|
|
|
|
| Commitment fee percentage |
|
|
|
|
|
|
|
0.50%
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | EagleRock Credit Facility | Secured Overnight Financing Rate | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Variable interest rate |
|
|
|
|
|
|
|
2.25%
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | EagleRock Credit Facility | Secured Overnight Financing Rate | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Variable interest rate |
|
|
|
|
|
|
|
3.00%
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | DE Flow Contribution |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Acquired produced water handling capacity | MbblsPerDay |
|
|
|
|
400
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Class A Shares | Long Term Incentive Plan |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares authorized | shares |
|
|
|
|
|
|
13,012,499
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Class A Shares | Employee Stock Purchase Plan |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares authorized | shares |
|
|
|
|
|
|
1,377,784
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Class A Shares | TCW Entities | Exercised Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares exercised by warrants | shares |
|
|
|
|
4,560,688
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | OpCo Units | TCW Entities | Exercised Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares exercised by warrants | shares |
|
|
|
|
14,939,952
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Initial Public Offering | DE Flow Contribution |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Shares received as consideration | shares |
|
|
|
|
45,873,930
|
|
|
|
|
|
|
|
| Consideration transferred value |
|
|
|
|
$ 988,600,000
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Initial Public Offering | Shallow Valley Contribution |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Shares received as consideration | shares |
|
|
|
|
21,134,331
|
|
|
|
|
|
|
|
| Consideration transferred value |
|
|
|
|
$ 455,500,000
|
|
|
|
|
|
|
|
| Area of land | a |
|
|
|
|
41,000
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Initial Public Offering | Class A Shares |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued | shares |
|
|
|
|
17,300,000
|
|
|
|
|
|
|
|
| Percentage of economic rights |
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
| Price per share | $ / shares |
|
|
|
|
$ 18.5
|
$ 18.5
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Initial Public Offering | Class A Shares | Management Team |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate value subject to tax withholdings |
|
|
|
|
|
$ 57,400,000
|
|
|
|
|
|
|
| Number of shares issued | shares |
|
|
|
|
|
3,100,001
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Initial Public Offering | Class B Shares | Shallow Valley Ranch and Double Eagle IV Midco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued | shares |
|
|
|
|
109,724,999
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Initial Public Offering | OpCo Units | Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Shares received as consideration | shares |
|
|
|
|
42,716,738
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Initial Public Offering | OpCo Units | DE Flow Contribution |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Shares received as consideration | shares |
|
|
|
|
45,873,930
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Initial Public Offering | OpCo Units | Shallow Valley Contribution |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Shares received as consideration | shares |
|
|
|
|
21,134,331
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Underwriters |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from IPO |
|
|
|
|
$ 328,500,000
|
|
|
|
|
|
|
|
| Number of days were granted to underwriters |
|
|
|
|
30 days
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Underwriters | Class A Shares |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued | shares |
|
|
|
|
2,595,000
|
|
|
|
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Intrepid Acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisition date |
|
|
|
|
|
|
|
|
Apr. 01, 2026
|
|
|
|
| Total consideration of acquisition |
|
|
|
|
|
|
|
|
$ 70,000,000
|
|
|
|
| Transaction costs of acquisition |
|
|
|
|
|
|
|
|
300,000
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Intrepid Acquisition | Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt principal amount |
|
|
|
|
|
|
|
|
70,000,000
|
|
|
|
| Debt discount and debt issuance costs |
|
|
|
|
|
|
|
|
$ 2,500,000
|
|
|
|
| Maturity date of debt |
|
|
|
|
|
|
|
|
Dec. 31, 2027
|
|
|
|
| Additional debt issuance costs |
|
|
|
|
|
|
|
|
$ 2,100,000
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Intrepid Acquisition | Fee Surface Acres |
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Area of land acquired | a |
|
|
|
|
|
|
|
|
22,000
|
|
|
|
| Subsequent Event | Lea & Eddy Holdings, LLC | Intrepid Acquisition | Federal Grazing Lease Acres |
|
|
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| Subsequent Event [Line Items] |
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| Area of land acquired | a |
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28,000
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| Subsequent Event | Lea & Eddy Holdings, LLC | Pitcock Ranch Land Acquisition |
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| Subsequent Event [Line Items] |
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| Acquisition date |
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Jun. 17, 2026
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| Total cash consideration of acquisition |
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$ 2,000,000
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| Subsequent Event | Lea & Eddy Holdings, LLC | Pitcock Ranch Land Acquisition | Fee Surface Acres |
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| Subsequent Event [Line Items] |
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| Area of land acquired | a |
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642.8
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