Mergers & Acquisitions ·
WhiteHawk Minerals Corp. announced the signing of a Purchase and Sale Agreement to acquire approximately $105 million…
WHKWhiteHawk Minerals Corp.
WhiteHawk Minerals Corp. announced the signing of a Purchase and Sale Agreement to acquire approximately $105 million in mineral interests across the Marcellus and Haynesville shale basins from Three Rivers Royalty II, LLC and Cypress Mineral Partners, LLC, with closing expected around September 25, 2026. To fund this acquisition, the company entered into equity commitment letters for up to $50 million in newly designated Series E Preferred Stock, which will pay monthly dividends at rates ranging from 10% to 14%. Concurrently, WhiteHawk reported second quarter 2026 financial results, including net production of 70.0 MMcfe/d and total revenue of $29.1 million. The company initiated a quarterly cash dividend of $0.50 per share of Class A common stock ($2.00 annualized), with an initial prorated payment of $0.11 per share payable on August 28, 2026 to holders of record as of August 24, 2026. WhiteHawk Minerals Corp. operates in the energy sector, acquiring and managing natural gas mineral and royalty interests.