--- title: "WhiteHawk Minerals | 8-K: FY2026 Q2 Revenue: USD 29.08 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295714513.md" datetime: "2026-08-12T21:56:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295714513.md) - [en](https://longbridge.com/en/news/295714513.md) - [zh-HK](https://longbridge.com/zh-HK/news/295714513.md) generator: "portal-rs" --- # WhiteHawk Minerals | 8-K: FY2026 Q2 Revenue: USD 29.08 M Revenue: As of FY2026 Q2, the actual value is USD 29.08 M. EPS: As of FY2026 Q2, the actual value is USD -2.54. EBIT: As of FY2026 Q2, the actual value is USD 3.693 M. #### SJM II Acquisition WhiteHawk Minerals Corp. agreed to acquire certain mineral interests and related assets for an aggregate purchase price of $105.0 million, subject to customary adjustments . The acquisition is expected to close on or about September 25, 2026 . #### Equity Funding WhiteHawk Minerals Corp. secured equity commitments for up to $50.0 million from the purchase of newly designated Series E Preferred Stock, which will fund a portion of the SJM II Acquisition . #### Series E Preferred Stock Details - **Dividend Rates**: The Series E Preferred Stock will pay monthly cash dividends at an annual rate of 10% from issuance through March 31, 2027, 12% from April 1, 2027, through December 30, 2028, and 14% from January 1, 2029, and thereafter . - **Minimum Return**: Dividends are subject to a minimum return of 1.05x of invested capital . - **Redemption Price**: The company may redeem the Series E Preferred Stock at any time at a redemption price of $1,000 per share plus accrued and unpaid dividends . #### Dividend Policy WhiteHawk Minerals Corp. announced the initiation of a quarterly cash dividend . #### Revenue and Profitability (Q2 2026 vs Q2 2025) Total revenue was $29.1 million in Q2 2026, including $6.7 million of unrealized hedge gains and $3.3 million of gathering, processing, transportation, and lease operating expenses, representing an increase of 38% over Q2 2025 and 40% over Q1 2026 . Royalty revenue increased to $17.813 million in Q2 2026 from $10.306 million in Q2 2025 . Gain on commodity derivative instruments was $10.984 million in Q2 2026, compared to $10.726 million in Q2 2025 . Lease bonus and other revenue was $280 thousand in Q2 2026, up from $85 thousand in Q2 2025 .Net loss for Q2 2026 was - $39.2 million, or - $2.54 per share, compared to a net loss of - $0.2 million in Q2 2025 . This net loss included a - $21.7 million non-recurring loss on extinguishment of debt and - $15.8 million of non-recurring management and incentive fees . Operating income (loss) was - $1.341 million in Q2 2026, compared to $3.370 million in Q2 2025 . Adjusted EBITDA was $20.7 million for Q2 2026, a 104% increase over Q2 2025 and a 19% increase over Q1 2026 . #### Operating Expenses (Q2 2026 vs Q2 2025) Total operating expenses were $30.418 million in Q2 2026, up from $17.747 million in Q2 2025 . General and administrative expenses were $4.379 million in Q2 2026, including $1.7 million of non-recurring IPO expenses and $0.9 million of non-cash stock-based compensation, compared to $9.596 million in Q2 2025 . Management fees were $15.841 million in Q2 2026, compared to $2.173 million in Q2 2025 . Depletion, depreciation, and accretion amounted to $10.198 million in Q2 2026, up from $5.978 million in Q2 2025 . #### Production and Realized Prices (Q2 2026) Net production averaged 70.0 MMcfe/d for Q2 2026, an increase of 57% year-over-year and 9% compared to Q1 2026 . Q2 volumes consisted of 5,384,204 Mcf of natural gas, 110,353 barrels of NGLs, and 53,847 barrels of oil, totaling 6,369,404 Mcfe, with natural gas comprising 85% . The average realized natural gas price was $3.43 per Mcf including hedge settlements, and $2.42 per Mcf excluding the effects of hedge settlements . Average realized crude oil price was $71.58 including hedge settlements, and $93.00 per barrel before hedge settlements . The company realized $29.07 per barrel of NGLs . WhiteHawk Minerals Corp. hedged 96% of its natural gas production for Q2 2026 . #### Acquisitions and Operational Metrics WhiteHawk Minerals Corp. signed nine acquisitions totaling $111.8 million of core Marcellus, Utica, and Haynesville Shale natural gas mineral and royalty interests since its June 10, 2026 IPO . These acquisitions are expected to add approximately $17.0 million and $18.5 million of incremental cash flow in 2027 and 2028, respectively . The acquired assets include more than 1,700 producing wells, 160 wells in process, 85 permitted locations, and 2,500 undeveloped locations, covering approximately 700,000 gross unit acres . Inclusive of signed acquisitions, WhiteHawk Minerals Corp. will own mineral and royalty interests across approximately 3.6 million gross unit acres, with cash flow from more than 11,600 producing wells, 365 wells in process, 205 permitted wells, and 9,200 undeveloped locations . #### Cash Flow and Liquidity Net cash provided by operating activities for the six months ended June 30, 2026, was $6.702 million, compared to net cash used in operating activities of - $3.969 million for the same period in 2025 . Cash Available for Distribution (non-GAAP) was $17.4 million, or $0.63 per share on a diluted basis . Cash and cash equivalents were $13.2 million as of June 30, 2026, down from $28.989 million as of December 31, 2025 . Total debt was $68.7 million as of June 30, 2026, with a $150 million undrawn reserve-based revolving credit facility . Net debt was $55.5 million at June 30, 2026, a decrease from $166.9 million at March 31, 2026 . WhiteHawk Minerals Corp. was 0.67x levered as of June 30, 2026, calculated by dividing the sum of total debt outstanding less cash on hand by Adjusted EBITDA for the trailing 12-month period . #### Dividends WhiteHawk Minerals Corp. initiated a quarterly cash dividend of $0.50 per share of Class A common stock ($2.00 per share annualized) . The initial prorated dividend was $0.11 per share for the period from the June 10, 2026 IPO through June 30, 2026 . #### Outlook / Guidance WhiteHawk Minerals Corp. anticipates the SJM II Acquisition and Series E Preferred Stock offering to close around September 25, 2026, expecting financial impact, production, and cash flow contributions from the acquired assets . The company expects its nine recent acquisitions to add approximately $17.0 million and $18.5 million of incremental cash flow in 2027 and 2028, respectively, and generate approximately 16 MMcfe/d and 17 MMcfe/d in 2027 and 2028, respectively . WhiteHawk Minerals Corp. intends to continue returning a significant portion of its Cash Available for Distribution to shareholders through quarterly dividends, reinvesting remaining cash flow into accretive mineral and royalty acquisitions . ### Related Stocks - [WHK.US](https://longbridge.com/en/quote/WHK.US.md) ## Related News & Research - [WhiteHawk Minerals (WHK) Q2 2026 Earnings Call: Production Growth, Acquisitions and Dividend](https://longbridge.com/en/news/295941557.md) - [WhiteHawk Minerals Q2 FY26 net loss widens to $39.2 million; revenue rises 38% to $29.1 million](https://longbridge.com/en/news/295705647.md) - [WhiteHawk Minerals Q2 2026 Earnings Call: Complete Transcript](https://longbridge.com/en/news/295807144.md) - [This Parabilis Medicines Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday](https://longbridge.com/en/news/291796157.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**