The Company’s RSUs are deemed to be participating securities; therefore, the Company applies the two-class method for the calculation of basic EPS for the Class A shares. Diluted EPS attributable to Class A shares is calculated under both the two-class and the treasury stock method, and the more dilutive of the two calculations is presented.

Class B shares are considered potentially dilutive of Class A shares because Class B shares are convertible into Class A shares on a one-for-one basis; therefore, the Company applies the if-converted method for the calculation of diluted EPS for the Class A shares.

The Company determined that the presentation of EPS for the period prior to the IPO would not be meaningful due to the significant nature of the change to our capital structure as part of the IPO.

The following table sets forth the computation of basic and diluted EPS attributable to our Class A shares for the period from May 15, 2026 to June 30, 2026, which represents the period subsequent to the IPO.


	Period from May 15, 2026 to June 30, 2026
Numerator
Net income (loss) subsequent to IPO		(39,797	)
Less: Net income (loss) attributable to noncontrolling interest		(32,235	)
Net income (loss) attributable to EagleRock Land, LLC		(7,562	)

Denominator
Weighted average shares outstanding		26,374,967

Net income (loss) per Class A share, basic and dilutive	$	(0.29	)

For the period from May 15, 2026 through June 30, 2026, 105,164,311 Class B shares were evaluated under the if-converted method and weighted average RSUs of 135,136 were evaluated under the treasury stock method for potentially dilutive effects. The Class B shares and RSUs were determined to be anti-dilutive for the period presented due to the Company being in a net loss position for the period presented, and have therefore been excluded from the computation of diluted net loss per share.