EX-99.1

2 whk-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

WhiteHawk Minerals Corp. Announces $111.8 Million of Acquisitions, Second Quarter 2026 Results, and Initiation of Quarterly Dividend

Nine Acquisitions Totaling $111.8 Million of Core Appalachia and Haynesville Minerals Signed Since June 10 IPO

Record Production of 70.0 MMcfe/d for the Second Quarter 2026, Up 57% Year-Over-Year and 9% Compared to the First Quarter 2026

Initiates Quarterly Cash Dividend of $0.50 Per Share ($2.00 Annualized); Declares Prorated Initial Dividend of $0.11 Per Share for the Post-IPO Period

PHILADELPHIA, August 12, 2026 – WhiteHawk Minerals Corp. (NYSE: WHK) (“WhiteHawk” or the “Company”) today announced the signing of $111.8 million of natural gas mineral and royalty acquisitions since the completion of its initial public offering on June 10, 2026, operating and financial results for the second quarter ended June 30, 2026, and the initiation of a quarterly cash dividend of $0.50 per share of Class A common stock ($2.00 per share annualized), prorated for the period from the closing of the IPO through June 30, 2026. WhiteHawk will host a conference call and webcast to discuss its second quarter 2026 results on August 13, 2026 at 9:00 a.m. Eastern Time.

Second Quarter 2026 and Recent Highlights

• Signed nine acquisitions totaling $111.8 million of core Marcellus, Utica, and Haynesville Shale natural gas mineral and royalty interests since the Company’s June 10, 2026 IPO, each of which are expected to be accretive and are expected to add in aggregate approximately $17.0 million and $18.5 million of incremental cash flow in 2027 and 2028, respectively

• Net production of 70.0 MMcfe/d, an increase of 57% over the prior year quarter and 9% over the first quarter 2026

• Total revenue of $29.1 million, including $6.7 million of unrealized hedge gains and $3.3 million of gathering, processing, transportation and lease operating expenses, an increase of 38% over the prior year quarter

• Realized natural gas price of $3.43 per Mcf including realized hedge settlements, and $2.42 per Mcf excluding the effects of hedge settlements

• Net loss of $39.2 million, which includes a $21.7 million non-recurring loss on extinguishment of debt and $15.8 million of non-recurring management and incentive fees, each associated with the IPO and the internalization of the Company’s manager

• Adjusted EBITDA of $20.7 million and Cash Available for Distribution of $17.4 million, or $0.63 per share on a diluted basis (non-GAAP) and $0.96 per share on a weighted average shares outstanding basis

• Initiated a quarterly cash dividend of $0.50 per share of Class A common stock ($2.00 per share annualized); the initial dividend of $0.11 per share is prorated from the June 10, 2026 IPO through June 30, 2026, and is payable on August 28, 2026 to holders of record as of August 24, 2026

• Cash and cash equivalents of $13.2 million and total debt of $68.7 million as of June 30, 2026, with a $150 million undrawn reserve-based revolving credit facility

• Inclusive of the Company’s signed acquisitions, WhiteHawk will own mineral and royalty interests across approximately 3.6 million gross unit acres, with cash flow from more than approximately 11,600 producing wells, 365 wells in process, 205 permitted wells and 9,200 undeveloped locations

Management Comments

“In our first months as a public company, WhiteHawk has demonstrated well our unique value proposition,” stated Daniel Herz, Chairman, President and Chief Executive Officer of WhiteHawk. “We benefit directly from our best-in-class operators’ performance and growth potential, with no associated capital expenditures, and minimal operating expenses. Furthermore, we have successfully executed on our dual prong acquisition strategy, driving free cash flow and net asset value per share, signing definitive agreements for both a large strategic transaction, as well as ground game transactions. We expect these attributes to drive meaningful value for shareholders in the short, medium and long term.”

Acquisition Update

Since the completion of the company’s IPO, WhiteHawk has signed definitive agreements for nine acquisitions of natural gas mineral and royalty interests in the Marcellus, Utica and Haynesville Shale with an aggregate purchase price of $111.8 million, with some remaining subject to customary closing conditions. The transactions are anchored by approximately $105.0 million of assets expected to be acquired from San Jacinto Minerals II (“SJM II”), which include Appalachia acreage in which WhiteHawk already owns an interest, together with incremental core acreage in the Haynesville.

“We are pleased to be adding significant positions in the core of Appalachia and the Haynesville at valuations well within our target return parameters,” said Matthew Heinlein, Vice President & Head of Corporate Development and Strategy. “With the majority of the purchase price allocated to SJM II’s Marcellus and Ut