ERock (NYSE:EROC) Issues Earnings Results

Posted by on Nov 13th, 2026

ERock (NYSE:EROC – Get Free Report) announced its earnings results on Thursday. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05, FiscalAI reports. The company had revenue of $152.77 million for the quarter.

Here are the key takeaways from ERock’s conference call:

  • Third-quarter revenue nearly quadrupled sequentially to $153 million, and adjusted EBITDA improved by about $27 million to $12.6 million. ERock reaffirmed 2026 guidance of $435 million–$465 million in revenue and $3 million–$9 million in adjusted EBITDA.
  • Demand remains strong across data centers, utilities and commercial and industrial customers; the company added more than $300 million in bookings after quarter-end, setting a new backlog record. Production is sold out through early 2028, with management saying customer conversations are increasingly focused on 2028 and 2029 deliveries.
  • ERock expects Hyperion to reach 1.2 GW of annual capacity by year-end 2026 and plans for its Atlas facility to add about 900 MW by the first half of 2028, with room to expand. Atlas is expected to require just $20 million–$30 million in capital spending, which the company says it can fund from existing liquidity.
  • Bridge-power periods are extending from roughly three years toward five to seven years, which management said generates about three times the ongoing services revenue of backup and dispatchable periods. The company also cited repeat and expansion opportunities among commercial and industrial customers.
  • Near-term margins remain tied to projects priced in 2025, generally in the high teens to low 20s, and management said 2027 is largely locked in. It sees recently priced deals reaching the mid-20s or higher, but expects much of that potential margin improvement to show up in 2028 and beyond.

ERock Trading Down 0.4%

Shares of EROC traded down $0.03 during trading hours on Friday, reaching $8.31. 1,530,212 shares of the stock traded hands, compared to its average volume of 2,635,104. ERock has a 52 week low of $6.41 and a 52 week high of $20.70. The stock has a market cap of $400.29 million and a P/E ratio of -138.50. The stock has a fifty day moving average price of $10.70.

Institutional Investors Weigh In On ERock

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Value Aligned Research Advisors LLC bought a new position in shares of ERock during the 2nd quarter worth $19,516,000. Pictet Asset Management Holding SA boosted its position in ERock by 16.6% during the third quarter. Pictet Asset Management Holding SA now owns 1,232,208 shares of the company’s stock worth $15,107,000 after purchasing an additional 175,527 shares during the period. Wellington Management Group LLP purchased a new position in shares of ERock in the second quarter worth about $7,228,000. State Street Corp purchased a new position in shares of ERock in the third quarter worth about $5,788,000. Finally, CenterBook Partners LP purchased a new position in shares of ERock in the third quarter worth about $3,134,000.

Top ERock Stories

Here are a few of the latest stories about EROC:

  • Positive Sentiment: ERock reported strong Q3 growth, including revenue of $152.77 million and about $300 million in new bookings. The company also outlined Q4 revenue of $211 million–$240 million and plans to expand Atlas capacity to 900 MW by the first half of 2028. Article: ERock outlines Q4 revenue and Atlas capacity plans
  • Positive Sentiment: The company’s reported $0.04 quarterly EPS beat the cited consensus estimate of a $0.01 loss. Barclays maintained an “overweight” rating despite trimming its price target from $23 to $22. Article: ERock quarterly earnings
  • Neutral Sentiment: Analyst estimates point to a $21.75 average price target, though targets are expectations rather than a guarantee of future performance. Article: ERock average price target

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EROC. Bank of America upgraded ERock from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday, July 17th. Weiss Ratings began coverage on shares of ERock in a report on Friday, September 4th. They set a “sell (e-)” rating on the stock. Barclays dropped their price objective on shares of ERock from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley lifted their price objective on shares of ERock from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Finally, Guggenheim decreased their target price on shares of ERock from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.62.

Get Our Latest Analysis on EROC

About ERock

(Get Free Report)

ERock, formally Eagle Rock Energy Partners, L.P., was a Houston-based master limited partnership focused on natural gas and oil. Its businesses included midstream services such as gathering, processing and treating natural gas, as well as exploration and production activities. The partnership operated assets in several U.S. regions, including the Permian Basin and Gulf Coast. In 2014, it sold its upstream business to Vanguard Natural Resources and its remaining midstream operations to Regency Energy Partners, ending its operations as an independent company.

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