Earnings Releases·Nov 12, 2026, 4:34 PM ET

WhiteHawk Minerals Corp. — Third Quarter 2026 Earnings Summary

**Financial Results:** Revenue declined 11% year-over-year to $21.5 million due to reduced unrealized derivative gains, while net income surged to $6.9 million from a $39.2 million loss in Q2 2026; Adjusted EBITDA rose 26% YoY to $21.1 million, and net debt decreased to $38.8 million.
**Capital Returns & Financing:** The Board declared a $0.50 per share quarterly dividend ($2.00 annualized), and the company raised $125 million in September 2026 through a $75 million PIPE offering and $50 million in Series E Preferred Stock to fund acquisitions.
**Strategic Growth:** Signed acquisitions totaling $45.5 million are expected to add $5.6 million and $7.5 million in incremental cash flow in 2027 and 2028 respectively, with immediate accretion to Cash Available for Distribution upon closing.
**Operational Metrics:** Net production averaged 71.3 MMcfe/d, up 10% year-over-year, while the company increased its reserve-based revolving credit facility commitments to $175 million following a successful borrowing base redetermination.