AcquisitionsAug 12, 2026, 05:19 PM
WhiteHawk Announces $111.8M Acquisitions, Q2 Results, & Dividend
AI Summary
WhiteHawk Minerals Corp. announced nine acquisitions totaling $111.8 million of natural gas mineral and royalty interests, including the $105.0 million SJM II Acquisition in the Marcellus and Haynesville shale basins. To fund a portion of these acquisitions, the company secured commitments for up to $50.0 million in Series E Preferred Stock. Concurrently, WhiteHawk reported its Q2 2026 financial results, with net production up 57% year-over-year, and initiated a quarterly cash dividend of $0.50 per share.
Key Highlights
- Signed nine acquisitions totaling $111.8 million of natural gas mineral and royalty interests since June 10, 2026 IPO.
- Entered into a Purchase and Sale Agreement for the SJM II Acquisition of mineral interests for $105.0 million.
- Investors committed up to $50.0 million for Series E Preferred Stock to fund a portion of the acquisitions.
- Q2 2026 net production of 70.0 MMcfe/d, a 57% increase YoY and 9% QoQ.
- Q2 2026 total revenue was $29.1 million, up 38% over the prior year quarter.
- Reported a net loss of $39.2 million for Q2 2026, including $21.7 million loss on debt extinguishment.
- Initiated a quarterly cash dividend of $0.50 per share ($2.00 annualized), with an initial prorated dividend of $0.11 per share.
- Adjusted EBITDA for Q2 2026 was $20.7 million, and Cash Available for Distribution was $17.4 million.
Price Impact
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