WhiteHawk Minerals (WHK.US), owning assets in two major U.S. shale gas basins, is sprinting for an IPO

According to Zhitong Finance, WhiteHawk Minerals (WHK.US), which holds natural gas mineral rights and royalty interests in the Marcellus and Haynesville shale plays, filed an application with the U.S. Securities and Exchange Commission (SEC) on Monday to raise up to $100 million through an initial public offering (IPO). The company filed under the name WhiteHawk Income, but plans to change its name to WhiteHawk Minerals before or after the IPO.

WhiteHawk is a company focused on natural gas mineral rights and royalty interests, with core assets concentrated in the Marcellus shale play in the Appalachian Basin and Haynesville shale in the Haynesville Basin. As of December 31, 2025, the company’s portfolio covers approximately 3.4 million gross drilling unit acres (of which the Appalachian and Haynesville Basins together account for 1.6 million gross drilling unit acres), representing an economic interest in about 13% of total U.S. natural gas production.

This Pennsylvania-based company, founded in 2022, generated $68 million in revenue in the 12-month period ending December 31, 2025. The company plans to list on the New York Stock Exchange (NYSE) under the ticker symbol “WHK.” WhiteHawk Minerals had previously filed confidentially on January 26, 2026. The joint bookrunners for this offering are Raymond James, Stifel, J.P. Morgan, Capital One Securities, and Stephens Inc. The company has not yet disclosed the IPO pricing terms.