WhiteHawk Minerals (WHK)
Owns and consolidates natural-gas mineral and royalty interests across U.S. shale basins.
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Owns natural-gas-weighted mineral and royalty interests, earning lease bonuses and a share of production proceeds while third-party operators drill and run wells. Its Appalachia, Haynesville and Mid-Continent portfolio makes receipts dependent on commodity prices, operator development decisions and energy infrastructure.
Owns fee mineral interests, non-participating and overriding royalties, and a small set of non-operated working interests tied to U.S. natural-gas, NGL and oil production. Operators lease the acreage, sell hydrocarbons and remit a contractual share of proceeds, while generally bearing drilling, completion and lease-operating costs. Land and engineering teams monitor wells, verify title and revenue interests, and audit payments.
Concentrates holdings in Appalachia, the Haynesville and the Mid-Continent, drawing receipts from third-party exploration-and-production operators rather than direct customers. Growth combines negotiated acquisitions with smaller mineral-package purchases. Production volumes, commodity prices, operator drilling decisions, pipelines and processing capacity, reserve estimates, and regulatory approvals shape cash receipts. The public parent depends on WhiteHawk OpCo distributions under an Up-C structure.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $13.2M · Total debt $68.3M · Total assets $518.3M · Shareholders' equity $313.3M
- Revenue
- $29.1M
- Operating income
- −$1.3M
- Net income
- −$43.5M
HistoryDividendAnnual yield
| Institutions | 41.00% | 11.29M shares | |
|---|---|---|---|
| 58 holders · as of Jun 30, 2026 | |||
| Other | 59.00% | 16.25M shares | |
| remainder | |||
27.55M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (27.55M in the company's Sep 22, 2026 report, 23.00M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Cooperman Leon GInstitution | 11.84% | 3.26M A | as of Jun 30, 2026 |
Horizon Kinetics Asset Management LLCInstitution | 5.64% | 1.55M A | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 4.78% | 1.32M A | as of Jun 30, 2026 |
Victory Capital Management IncInstitution | 2.03% | 558,359 A | as of Jun 30, 2026 |
Loomis Sayles & Co L PInstitution | 1.53% | 420,884 A | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Black Stone Minerals
Largest gas-oriented mineral consolidator with Haynesville overlap.
- Kimbell Royalty Partners
Large multi-basin buyer with Appalachian and Haynesville overlap.
- Dorchester Minerals
Diversified U.S. royalty platform pursuing mineral acquisitions.
- Viper Energy
Much larger royalty consolidator, mainly in oil-weighted Permian.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| WhiteHawk Minerals | $26.23 | −0.34% | $605.3M | — | 24.1 | — | — |
| Black Stone Minerals | $14.86 | −0.03% | $3.16B | 12.3 | 14.2 | 6.5 | +39.6% |
| Kimbell Royalty Partners | $14.39 | −0.38% | $1.42B | 22.1 | 13.3 | 3.9 | +30.0% |
| Dorchester Minerals | $29.19 | −0.80% | $1.42B | 16.3 | — | 7.4 | +73.1% |
| Viper Energy | $41.37 | −0.84% | $15.02B | 320.9 | 16.7 | 7.6 | +128.0% |
| Median | 19.2 | 14.2 | 7.0 | +56.3% |