WhiteHawk Minerals (WHK) Q2 2026 Earnings Call: Production Growth, Acquisitions and Dividend
Source Tradingkey
Key Takeaways
- Net production averaged approximately 70 MMcfe/d, up 57% from Q2 2025 and 9% from Q1 2026, supported by more than 11,500 producing wells.
- Operating revenue, including realized hedge gains, was $25.7 million. Adjusted EBITDA reached $20.7 million, while cash available for distribution was $17.4 million, or $0.63 per share.
- WhiteHawk signed approximately $112 million of acquisitions within two months of its IPO. Management expects the acquired assets to add about 16 MMcf/d of production and $17 million of incremental cash flow in 2027.
- The board initiated a quarterly dividend of $0.50 per share, equivalent to $2.00 annualized. The first prorated dividend is $0.11 per share.
- WhiteHawk ended the quarter with $55.5 million of net debt, an undrawn $150 million revolving credit facility and leverage of 0.67x.
- Management plans to maintain its rolling hedge framework of approximately 90% of expected production for the next 12 months, 80% for the following 12 months and 60% in year three.
Core Financial Data
| Metric | Q2 2026 | Change or context |
|---|---|---|
| Net production | Approximately 70 MMcfe/d | Up 57% year over year and 9% quarter over quarter |
| Average realized natural gas price | $3.43/Mcf | Includes hedge settlements; $2.42/Mcf before settlements |
| Operating revenue | $25.7 million | Includes realized hedge gains |
| GAAP total revenue | $29.1 million | Includes $6.7 million of unrealized mark-to-market hedge gains |
| Total asset cash flow | $22.4 million | Up 10% from $20.4 million in Q1 2026 |
| Adjusted EBITDA | $20.7 million | After $1.78 million of G&A expense, excluding specified nonrecurring costs |
| Cash available for distribution | $17.4 million | $0.63 per share |
| GAAP net loss | $39.2 million | Included IPO, debt extinguishment and manager internalization-related items |
| Net debt | $55.5 million | Quarter-end leverage of 0.67x |
| Quarterly dividend | $0.50 per share | $2.00 annualized; initial prorated dividend of $0.11 per share |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookGet a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
As of the European session on August 11, gold prices (XAUUSD) briefly topped $4,400 intraday, reaching a high of $4,435.2, its highest level since June 5. However, gains subsequently narr
WTI declines below $82.50 as oil inventories rise far more than expectedWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
Here is what you need to know on Thursday, August 13:
WTI remains below $80.50 as traders monitor diplomatic efforts to reopen HormuzWest Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.
West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.
