WhiteHawk Minerals Corp. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on August 13, 2026, covering the period ended June 30, 2026, disclosing a net loss of $39.2 million for the second quarter and significant balance sheet changes following its public listing.

Key Highlights

  • Royalty revenue: $17,813 thousand for the three months ended June 30, 2026, compared with $10,306 thousand for the same period in 2025, according to the filing.
  • Net loss: $(39,205) thousand for Q2 2026, versus a net loss of $(219) thousand in Q2 2025, as reported in the condensed consolidated statements of operations.
  • Loss on extinguishment of debt: $21,722 thousand recognized in both the three- and six-month periods ended June 30, 2026.
  • Total assets: $518,288 thousand as of June 30, 2026, up from $507,138 thousand at December 31, 2025.
  • Shares outstanding: 23,795,450 shares of Class A common stock and 3,750,000 shares of Class B common stock as of August 12, 2026.
  • Senior notes reduced: Senior notes, net of unamortized debt issuance costs, fell to $68,070 thousand from $227,985 thousand at December 31, 2025.
  • Accumulated deficit: $(55,299) thousand as of June 30, 2026, compared with $(15,146) thousand at December 31, 2025.

WhiteHawk Minerals: Q2 2026 Financial Position and Operating Results

WhiteHawk Minerals Corp. (NYSE:WHK) reported a net loss of $39,205 thousand for the three months ended June 30, 2026, according to its unaudited condensed consolidated financial statements. The company attributed a significant portion of that loss to a $21,722 thousand loss on extinguishment of debt, a $9,414 thousand income tax provision, and $5,034 thousand in net interest expense during the quarter. For the six months ended June 30, 2026, the net loss totaled $40,268 thousand, compared with a net loss of $8,312 thousand for the same period in 2025.

Royalty revenue for the six months ended June 30, 2026 was $43,429 thousand, more than double the $18,345 thousand reported for the first half of 2025, the filing disclosed. Total revenue for the six-month period reached $49,901 thousand, against $20,284 thousand a year earlier. However, total operating expenses also rose to $46,656 thousand from $23,260 thousand, driven in part by management fees of $18,822 thousand and depletion, depreciation and accretion of $19,863 thousand for the six-month period. General and administrative expenses fell to $7,971 thousand from $10,487 thousand over the same comparative periods.

On the balance sheet, the company reported a substantial reduction in senior notes: the long-term balance declined to $68,070 thousand from $227,985 thousand at December 31, 2025, the filing stated. Natural gas and oil mineral interests, net, grew to $477,633 thousand from $460,586 thousand. Total equity increased to $375,878 thousand from $208,754 thousand, partly reflecting the recognition of a $97,385 thousand non-controlling interest that was not present at year-end 2025. Cash and cash equivalents stood at $13,229 thousand as of June 30, 2026, down from $28,989 thousand at December 31, 2025. An earnout liability totaling $25,917 thousand (current and non-current portions combined) also appeared on the balance sheet for the first time as of June 30, 2026.

What Was Disclosed

WhiteHawk Minerals Corp. filed a 10-Q for the quarter ended June 30, 2026, reporting a net loss of $39,205 thousand, royalty revenue of $17,813 thousand, a $21,722 thousand debt extinguishment loss, and notable changes in capital structure including a new non-controlling interest and reduced senior notes.