WhiteHawk Minerals Opens Flat at $26.00 in NYSE Debut
WhiteHawk Minerals Corp., a natural gas mineral and royalty company, began trading Tuesday on the New York Stock Exchange under the ticker “WHK,” opening at its $26.00 offering price after pricing an upsized initial public offering of 7.7 million Class A shares Monday. The stock closed flat on its first day of trading.
In after-hours trading, shares dipped to $25.72 as of 6:30 p.m. ET, the time of AltsWire’s reporting.
The offering was upsized from an originally proposed 6.925 million shares. At $26.00 per share, the base offering values the company at approximately $200.2 million before exercise of the underwriters’ overallotment option. The underwriters hold a 30-day option to purchase up to an additional 1.155 million shares.
The company priced its IPO one day after the U.S. Securities and Exchange Commission declared its registration statement effective. Previously reported by AltsWire, WHK filed its registration with the SEC last month. The offering is expected to close June 10, subject to customary closing conditions.
WhiteHawk Minerals focuses on acquiring and managing natural gas mineral and royalty interests, with its portfolio concentrated in the Appalachian and Haynesville basins. As of March 31, 2026, the company’s portfolio spanned approximately 3.4 million gross DSU acres.
The company will formally adopt the name WhiteHawk Minerals Corp. upon closing of the offering. It had operated as WhiteHawk Income Corporation.
Of that total, 1.6 million gross DSU acres were across the Appalachian and Haynesville basins as of Dec. 31, 2025, representing, according to the company, an economic interest in approximately 13% of all natural gas produced in the United States. The company reported more than 10,900 producing wells and more than 8,000 remaining identified undeveloped locations as of the end of 2025. WhiteHawk described the Appalachian and Haynesville basins as the core of U.S. natural gas production and among the most prolific energy-producing regions globally.
Raymond James & Associates, Stifel Nicolaus & Company, and J.P. Morgan Securities are acting as joint lead bookrunners. Capital One Securities and Stephens are also acting as bookrunning managers, with Tuohy Brothers Investment Research as co-manager.
WhiteHawk was founded by Daniel C. Herz, the company’s chairman and chief executive officer. Herz previously led Falcon Minerals Corporation, Atlas Energy Group, and Titan Energy LLC.
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