v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Summary of Significant Accounting Policies [Line Items]  
Schedule of Reconciliation of Cash and Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the unaudited condensed consolidated balance sheets to the amounts shown in the unaudited condensed consolidated statements of cash flows.

 

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

2026

 

 

2025

 

Cash and cash equivalents

 

$

61,770

 

 

$

9,042

 

Other noncurrent assets

 

$

289

 

 

$

285

 

Total cash, cash equivalents and restricted cash

 

$

62,059

 

 

$

9,327

 
Summary of Property Plant and Equipment Estimated Useful Lives

The estimated useful lives of the major classes of property, plant, and equipment are as follows:

 

Furniture and fixtures

 

2 years

Vehicles

 

3 years

Buildings

 

8 - 12 years

Leasehold improvements

 

2 - 10 years

Water wells, facilities and related equipment

 

2 - 20 years
Schedule of Estimated Useful Lives of Major Classes of Intangibles

The estimated useful lives of the major classes of intangibles are as follows:

 

Water rights

 

15 years

Surface rights

 

15 years

Saltwater disposal

 

15 years

Customer contract

 

13 years

Customer relationships

 

20 years

Sourced water

 

25 years
Schedule of Deferred Revenue Activity The following table shows a summary of deferred revenue activity:

 

 

 

Six Months Ended June 30,

 

(in thousands)

 

2026

 

 

2025

 

Beginning balance

 

$

627

 

 

$

175

 

Payment received/accrued and deferred

 

 

25

 

 

 

31

 

Revenue recognized during the period

 

 

(450

)

 

 

(64

)

Ending balance

 

$

202

 

 

$

142

 
Schedule of Risk Concentration

The Company had significant concentrations in revenue from the following significant customers:

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

2026

 

2025

 

2026

 

2025

Customer A

 

18%

 

16%

 

14%

 

22%

Customer B

 

15%

 

20%

 

19%

 

17%

Customer C

 

13%

 

18%

 

12%

 

14%

Customer D

 

12%

 

*

 

*

 

*

Customer E

 

*

 

11%

 

*

 

12%

 

* Below 10%

 

The Company had significant concentrations in accounts receivable from the following significant customers:

 

 

 

June 30,
2026

 

December 31,
2025

Customer A

 

45%

 

*

Customer B

 

16%

 

15%

Customer C

 

11%

 

23%

Customer D

 

*

 

15%

Customer E

 

*

 

14%

Customer F

 

*

 

12%

 

* Below 10%

The Company had concentrations of major suppliers within cost of sales as follows:

 

 

 

Three Months Ended
June 30,

Six Months Ended
June 30,

 

 

2026

 

2025

2026

 

2025

Supplier A

 

32%

 

12%

33%

 

11%

Supplier B

 

12%

 

*

*

 

*

Supplier C

 

*

 

*

11%

 

*

Supplier D

 

*

 

34%

*

 

35%

Supplier E

 

*

 

10%

*

 

*

 

The Company had concentrations of major suppliers within accounts payable as follows:

 

 

 

June 30,
2026

 

December 31,
2025

Supplier A

 

40%

 

*

Supplier B

 

20%

 

*

Supplier C

 

13%

 

*

Supplier D

 

*

 

15%

Supplier E

 

*

 

34%

 

* Below 10%
Schedule of Computation of Basic and Diluted Earnings Per Common Unit

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

)