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Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) announced the successful approval of proposals related to its merger with Desert Peak Minerals during a special stockholder meeting on June 3, 2022. The merger, slated to close on June 7, 2022, involves a name change to Sitio Royalties Corp. and a four-for-one reverse stock split for both Class A and Class C common stocks. Trading under the new ticker symbol ‘STR’ will commence on June 6, 2022. The company’s new stock exchange listings will transition from Nasdaq to the New York Stock Exchange by June 14, 2022.
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
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.
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, FLMNW) announced an earnings conference call for Q2 2021 on August 5, 2021, at 9:00 am ET. Financial results will be released after market close on August 4, 2021. Investors can participate by dialing (888) 567-1602, with international access at (862) 298-0702. A replay will be available starting at 2:00 pm ET on the same day. Falcon focuses on acquiring mineral rights, with approximately 256,000 gross unit acres in the Eagle Ford Shale and Marcellus Shale regions, primarily in Texas, Pennsylvania, Ohio, and West Virginia.
Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) announces the immediate appointment of Bryan C. Gunderson as President and CEO, succeeding Daniel C. Herz. Gunderson, previously CFO, also joins the Board. Matthew B. Ockwood has been hired as CFO, bringing valuable investment experience. The Board expressed gratitude for Herz's leadership while highlighting Gunderson's capability to lead Falcon's strategic path. The appointment comes at a time when Falcon is well-positioned for growth with its strong asset base, particularly in the Eagle Ford Shale and Marcellus Shale regions.
