WhiteHawk Minerals Corp. (NYSE: WHK), a natural gas-focused mineral and royalty company, reported second-quarter 2026 results, announced nine acquisitions totaling $111.8 million, and initiated a quarterly cash dividend of $0.50 per share, according to a company press release.

Net production for the quarter ended June 30, 2026 averaged 70.0 MMcfe per day, up 57% from 44.7 MMcfe per day in the second quarter of 2025 and up 9% from the first quarter of 2026. Total revenue was $29.1 million, a 38% increase over the prior-year quarter. The company reported a net loss of $39.2 million, or $2.54 per share, compared with a net loss of $0.2 million in the second quarter of 2025. The loss included a $21.7 million non-recurring charge on debt extinguishment and $15.8 million of non-recurring management and incentive fees tied to the company's June 10, 2026 IPO. Adjusted EBITDA was $20.7 million.

Since its IPO, WhiteHawk signed definitive agreements for nine acquisitions of natural gas mineral and royalty interests in the Marcellus, Utica, and Haynesville Shale basins. The transactions are anchored by approximately $105.0 million of assets to be acquired from San Jacinto Minerals II. The acquired assets are expected to add approximately $17.0 million and $18.5 million of incremental cash flow in 2027 and 2028, respectively. WhiteHawk plans to fund the purchases through $50.0 million of Series E Preferred Stock, cash on hand, and borrowings on its revolving credit facility. The Series E Preferred Stock will pay dividends at an annual rate of 10% through March 31, 2027, rising to 12% through December 31, 2028, and 14% thereafter if still outstanding.

The board declared an initial quarterly dividend of $0.11 per share of Class A common stock, prorated from the June 10 IPO closing through June 30, 2026. The dividend is payable August 28, 2026 to shareholders of record as of August 24, 2026. The ongoing quarterly dividend rate is set at $0.50 per share, or $2.00 annualized.

As of June 30, 2026, WhiteHawk held $13.2 million in cash and $68.7 million in total debt, with a $150 million undrawn revolving credit facility.