WHK Stock Analysis: WhiteHawk Minerals | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 680m USD | 12M Return: 0% | US96524T1016 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.25M
Rev. Trend: 96.1%
Warnings
Tailwinds
No distinct edge detected
Seasonality 0.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
WhiteHawk Minerals Corp. (NYSE: WHK) is a U.S.-based energy company focused on owning natural gas mineral and royalty interests, primarily within the Marcellus Shale of the Appalachian Basin and the Haynesville Shale of the Haynesville Basin. The company operates under a non-operating business model, meaning it does not drill or operate wells itself but instead acquires and manages mineral rights, earning revenue from a share of production on those properties. The firm was incorporated in 2022, is headquartered in Philadelphia, Pennsylvania, and was renamed from WhiteHawk Income Corporation to WhiteHawk Minerals Corp. in June 2026.
The Marcellus and Haynesville Shales are among the most prolific natural gas producing formations in the United States, with the Haynesville particularly known for supplying LNG export markets along the Gulf Coast. Mineral and royalty companies like WhiteHawk typically benefit from production growth without bearing the capital costs and operational risks associated with drilling, though their revenues are directly tied to commodity prices and well-level production volumes.
- Natural gas prices surge on rising LNG export demand
- Marcellus shale production volumes drive royalty revenue growth
- Mineral acreage acquisitions expand Haynesville basin footprint
| Net Income: -78.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.22 > 0.02 and ΔFCF/TA -9.04 > 1.0 |
| NWC/Revenue: 12.50% < 20% (prev -12.27%; Δ 24.77% < -1%) |
| CFO/TA 0.01 > 3% & CFO 2.73m > Net Income -78.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.39 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (26.7m) vs prev 0.0% < -2% |
| Gross Margin: 60.57% > 18% (prev 21.93%; Δ 38.64% > 0.5%) |
| Asset Turnover: 21.53% > 50% (prev 8.36%; Δ 13.17% > 0%) |
| Interest Coverage Ratio: -3.60 > 6 (EBIT TTM -61.6m / Interest Expense TTM 17.1m) |
| A: 0.02 (Total Current Assets 32.5m - Total Current Liabilities 23.3m) / Total Assets 518.3m |
| B: -0.11 (Retained Earnings -55.3m / Total Assets 518.3m) |
| C: -0.18 (EBIT TTM -61.6m / Avg Total Assets 342.1m) |
| D: 2.91 (Book Value of Equity 313.3m / Total Liabilities 107.6m) |
| Altman-Z'' = 1.62 = BB |
| DSRI: 0.40 (Receivables 8.64m/4.04m, Revenue 73.6m/13.9m) |
| GMI: 0.36 (GM 21.93% / 60.57%) |
| AQI: 137.3 (AQ_t 0.94 / AQ_t-1 0.01) |
| SGI: 5.31 (Revenue 73.6m / 13.9m) |
| TATA: -0.16 (NI -78.2m - CFO 2.73m) / TA 518.3m) |
| Beneish M = 79.81 (Cap -4..+1) = D |
As of October 09, 2026, the stock is trading at USD 26.15 with a total of 274,978 shares traded. Over the past week, the price has changed by +6.82%, over one month by -6.54%, over three months by -3.47% and over the past year by +0.03%.
Current recommended Stop Loss: 24.70 (which is 5.5% or 1.7 ATR below the current price).
WhiteHawk Minerals has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy WHK.
- StrongBuy: 4
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 32.4 | 23.9% |
P/E Forward = 20.0803
P/S = 8.8583
P/B = 2.2625
Revenue TTM = 73.6m USD
EBIT TTM = -61.6m USD
EBITDA TTM = -32.5m USD
Long Term Debt = 68.1m USD (from longTermDebt, last quarter)
Short Term Debt = 179k USD (from shortTermDebt, last quarter)
Debt = 68.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 210k
Net Debt = 55.3m USD (calculated: Debt 68.5m - CCE 13.2m)
Enterprise Value = 735.1m USD (679.8m + Debt 68.5m - CCE 13.2m)
Interest Coverage Ratio = -3.60 (Ebit TTM -61.6m / Interest Expense TTM 17.1m)
EV/FCF = -6.55x (Enterprise Value 735.1m / FCF TTM -112.3m)
FCF Yield = -15.27% (FCF TTM -112.3m / Enterprise Value 735.1m)
FCF Margin = -152.5% (FCF TTM -112.3m / Revenue TTM 73.6m)
Net Margin = -106.1% (Net Income TTM -78.2m / Revenue TTM 73.6m)
Gross Margin = 60.57% ((Revenue TTM 73.6m - Cost of Revenue TTM 29.0m) / Revenue TTM)
Gross Margin QoQ = 64.93% (prev 63.02%)
Tobins Q-Ratio = 1.42 (Enterprise Value 735.1m / Total Assets 518.3m)
Interest Expense / Debt = 25.00% (Interest Expense 17.1m / Debt 68.5m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -48.6m (EBIT -61.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.39 (Total Current Assets 32.5m / Total Current Liabilities 23.3m)
Debt / Equity = 0.22 (Debt 68.5m / totalStockholderEquity, last quarter 313.3m)
Debt / EBITDA = -1.70 (negative EBITDA) (Net Debt 55.3m / EBITDA -32.5m)
Debt / FCF = -0.49 (negative FCF - burning cash) (Net Debt 55.3m / FCF TTM -112.3m)
Total Stockholder Equity = 208.8m (last fiscal year from totalStockholderEquity)
RoA = -22.85% (Net Income -78.2m / Total Assets 518.3m)
RoE = -37.44% (Net Income TTM -78.2m / Total Stockholder Equity 208.8m)
RoCE = -22.24% (EBIT -61.6m / Capital Employed (Equity 208.8m + L.T.Debt 68.1m))
RoIC = -9.90% (negative operating profit) (NOPAT -48.6m / Invested Capital 491.4m)
WACC = 8.39% (E(679.8m)/V(748.3m) * Re(7.24%) + D(68.5m)/V(748.3m) * Rd(25.00%) * (1-Tc(0.21)))
Discount Rate = 7.24% (= CAPM, Blume Beta Adj.)
Shares (yearly) Correlation: -33.33 | Cagr: -35.95%
[DCF] Fair Price = unknown (Cash Flow -112.3m)
Revenue Correlation: 96.05 | Revenue CAGR: 202.8% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.26 | Chg30d=+33.88% | Revisions=-17% | Analysts=4
EPS current Year (2026-12-31): EPS=-1.38 | Chg30d=+3.72% | Revisions=-50% | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=1.19 | Chg30d=+4.96% | Revisions=-17% | GrowthEPS=+186.4% | GrowthRev=+12.0%
[Analyst] Revisions Ratio: -42% (up=2, down=7)