Add as a preferred source on GoogleWhiteHawk Expects Cash Available for Distribution Above $3 in 2028
Management also projects more than $2.80 per share in 2027. WhiteHawk signed or completed 13 acquisitions totaling $45.5 million in the three months since its previous earnings call.
WhiteHawk Minerals Corp. (NYSE: WHK) expects cash available for distribution to exceed $2.80 per share in 2027 and stand well above $3 in 2028, an outlook tied to acquisitions.
Over the three months since its previous earnings call, WhiteHawk signed or completed 13 acquisitions totaling $45.5 million, founder, CEO, president and chairman Daniel Herz said. The company previously detailed acquisition agreements and a quarterly dividend in an earlier update.
WhiteHawk recorded $18 million in cash available for distribution (CAFD) for the third quarter, based on 27.9 million weighted-average Class A and Class B shares. WhiteHawk defines CAFD as a non-GAAP liquidity measure and says it does not represent cash earmarked for dividends or other discretionary spending.
WhiteHawk holds natural gas mineral and royalty interests in the Marcellus, Utica and Haynesville shale formations.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.