WhiteHawk Minerals Corp. (NYSE: WHK) announced the closing of a $41.0 million acquisition on November 12, 2026. The transaction involved WhiteHawk Income Marcellus LLC, an indirect wholly owned subsidiary of WhiteHawk, purchasing a 50% interest in assets owned by Three Rivers Royalty II, LLC. The assets are located in the Marcellus and Appalachian Basins in West Virginia and Pennsylvania.
The assets acquired include mineral interests, fee mineral interests, overriding royalty interests, and wells. The purchase price was approximately $41.0 million, subject to customary adjustments. The deal, referred to as the SJM II - November Transaction, was structured as a sign-and-close transaction.
In addition to this specific acquisition, the company reported signing 13 transactions totaling $45.5 million in natural gas mineral and royalty interests since August 13, 2026. These assets span the Marcellus, Utica, and Haynesville Shale basins. The company stated that the acquisitions are expected to be immediately accretive to Cash Available for Distribution.
Separately, WhiteHawk entered into a First Amendment to its Amended and Restated Note Purchase Agreement on November 6, 2026. The amendment expressly permits the issuance of the company's Series E Preferred Stock and Series F Preferred Stock. The issuance of Series F Preferred Stock is conditioned on the first $50.0 million of net cash proceeds from that issuance being applied to redeem the Series E Preferred Stock in full.
The company also reported financial results for the fiscal quarter ended September 30, 2026. Net production averaged 71.3 MMcfe/d, an increase of 10% year-over-year. The company declared a quarterly cash dividend of $0.50 per share of Class A common stock, payable on November 30, 2026.
