M&A
confidence high
sentiment positive
materiality 0.85
WhiteHawk signs $111.8M acquisitions, initiates $0.50 quarterly dividend, Q2 production up 57%
WhiteHawk Income Corp
- Signed nine acquisitions totaling $111.8M since June 10 IPO, incl. $105M from Three Rivers/Cypress for Marcellus/Haynesville assets; close expected Sept 25, 2026.
- Q2 2026 production 70.0 MMcfe/d (+57% YoY, +9% QoQ); revenue $29.1M (+38% YoY); net loss $39.2M incl. $21.7M debt extinguishment and $15.8M IPO-related fees.
- Adjusted EBITDA $20.7M (+104% YoY); Cash Available for Distribution $17.4M ($0.63/diluted share).
- Initiated quarterly dividend $0.50/share ($2.00 annualized); initial prorated $0.11 payable Aug 28, 2026 to holders of record Aug 24, 2026.
- Equity commitment letters for up to $50M Series E preferred (10%/12%/14% dividends, redeemable at $1,000/share) to fund acquisition; expected close late Sept.