flmn - FLMN STOCK NEWS

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) has filed its definitive proxy statement for the merger with Desert Peak Minerals. The special meeting for stockholders is set for June 3, 2022, at 10:00 a.m. Central Time. Following the merger, the combined company will be named Sitio Royalties and will trade on the NYSE under the symbols “STR” and “STR WS.” Both companies aim to consolidate oil and gas mineral interests, enhancing shareholder returns. The merger aligns with Falcon's strategy to expand in the mineral and royalty sector.

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) announced its first quarter 2022 production with net production at 4,100 Boe/d. The Company declared a $0.18 per share dividend on May 4, 2022, marking a 24% increase from the previous quarter. The dividend will be paid on May 31, 2022 to shareholders on record as of May 18, 2022. Additionally, Falcon's all-stock transaction agreement with Desert Peak Minerals is expected to close in Q2 2022.

Desert Peak Minerals announced record production for Q4 2021, achieving an average daily production of 9,860 Boepd, a 26% increase from Q3 2021. Following its merger with Falcon Minerals Corporation (NASDAQ: FLMN), the combined entity plans to implement a dividend policy distributing at least 65% of discretionary cash flow, derived from Adjusted EBITDA minus interest and taxes. The aim is to enhance shareholder returns while maintaining financial stability and pursuing further acquisitions. This strategy reflects a commitment to maximizing shareholder value in a fragmented industry.

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) reported its financial results for Q4 and the full year 2021. In Q4, net production was 4,067 Boe/d, with net income of $9.3 million, and Adjusted EBITDA of $13.7 million (excluding transaction expenses). The full year saw a net income of $27.5 million. Falcon declared a dividend of $0.145 per share, reflecting a payout ratio of 97%. The company is set to close its all-stock merger with Desert Peak Minerals in Q2 2022, enhancing its asset portfolio. As of year-end, proved reserves totaled 17.2 million Boe valued at $372 million.

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) has declared a dividend of $0.145 per Class A share for Q4 2021. The dividend will be paid on March 9, 2022, to shareholders of record as of February 28, 2022. Falcon focuses on acquiring oil-weighted mineral rights in prime locations, owning approximately 336,000 gross unit acres across the Eagle Ford Shale, Austin Chalk, and Marcellus Shale regions. The recent dividend serves as an income opportunity for shareholders, reflecting the company’s commitment to returning value to investors.

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) and Desert Peak Minerals have announced a definitive agreement for an all-stock merger valuing the combined entity at $1.9 billion. Falcon will issue 235 million shares of Class C common stock to Desert Peak’s equityholders, resulting in Desert Peak’s stakeholders owning approximately 73% and Falcon’s existing shareholders owning 27% of the new company. The merger aims to create a leading mineral and royalty company with a significant presence in the Permian Basin, projected to produce 13,500 to 14,500 barrels of oil equivalent per day in the first half of 2022.

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) reported a strong third quarter 2021, achieving a net production of 4,535 Boe/d and net income of $10.5 million. The company declared a dividend of $0.155 per share, payable on December 8, 2021. Adjusted EBITDA reached $14.7 million, with pro-forma free cash flow increasing to $13.9 million. Additionally, Falcon's net debt to LTM EBITDA ratio improved to 0.74x. The company continues to develop its Eagle Ford and Marcellus assets, supporting a robust production and financial outlook.

Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) has announced its third quarter 2021 earnings conference call scheduled for November 4, 2021 at 9:00 am ET. Financial results will be released post-market on November 3, 2021. Investors can participate by calling (888) 567-1602 or (862) 298-0702 for international listeners. The company owns approximately 336,000 gross unit acres in high-growth oil-weighted mineral rights in regions including Eagle Ford Shale and Marcellus Shale, aiming for strong growth in mineral, royalty, and overriding royalty interests.

Falcon Minerals Corporation (NASDAQ: FLMN) reported a strong second quarter of 2021, achieving a net production of 5,034 boe/d, up 22% from Q1 2021. The company declared a dividend of $0.15 per share, reflecting a 50% increase sequentially, to be paid on September 8, 2021. Adjusted EBITDA reached $13.8 million, and Pro-forma Free Cash Flow increased 48% to $13.3 million. The net income for Q2 was $7.2 million, with total borrowings at $36.5 million and a net debt/EBITDA ratio of 0.92x.