MNRL - MNRL STOCK NEWS

Brigham Minerals (NYSE: MNRL) is set to announce its fourth quarter and full-year 2021 operating and financial results on February 23, 2022, after market close. A conference call to discuss these results will follow on February 24, 2022, at 10:00 a.m. Eastern Time. The company specializes in acquiring and managing mineral and royalty interests in economically robust resource basins across the United States, including the Permian and Williston Basins. For further details, stakeholders can access the live audio webcast on the company’s website.

Brigham Minerals has successfully completed its acquisition of mineral and royalty interests in the DJ Basin for approximately $43 million in cash and 2.2 million shares of Class A common stock. The DJ Acquisition is expected to enhance the company’s production capabilities, with estimated production of 1,100 to 1,200 boepd and a 50% liquids yield in 2022. Following the acquisition, the company’s borrowing base was redetermined to $230 million, maintaining $137 million of undrawn capacity. The company aims to increase its quarterly base dividend by 7% to $0.15 per share in 2022.

Brigham Minerals (NYSE: MNRL) announced a definitive purchase agreement to acquire mineral and royalty interests in the DJ Basin for approximately $44 million in cash and 2.2 million shares of Class A common stock. This DJ Acquisition, effective from August 1, is anticipated to generate 1,100 to 1,200 boepd in production and yield high teens EBITDA. The company aims to increase its quarterly dividend by 7% to $0.15 per share post-close, with pro forma liquidity expected to be nearly $150 million.

Brigham Minerals (MNRL) reported record financials for Q3 2021, with daily production at 9,068 Boe/d (70% liquids, 49% oil), up 1% from Q2. The company achieved record royalty revenues of $40.5 million, a 9% increase, driven by higher realized prices and production volumes. Net income reached $18.9 million, up 23% year-over-year. The company declared a dividend of $0.40 per share, including a 24% increase in the variable component. With a cash balance of $14.3 million and undrawn revolver capacity of $112 million, Brigham is well-positioned for further growth.

Brigham Minerals, Inc. (NYSE: MNRL) plans to release its third quarter 2021 operating and financial results after market close on November 3, 2021. A conference call will be held on November 4, 2021, at 12:00 p.m. ET to discuss the results. Investors can pre-register for the call or listen to a live audio webcast on the company’s website. Brigham Minerals focuses on acquiring and managing mineral and royalty interests in key resource basins across the U.S., primarily in Texas and New Mexico, and aims to maximize shareholder returns.

Brigham Minerals, Inc. (NYSE: MNRL) announced its participation in the Barclays CEO Energy-Power Conference on September 10th at 8:05 am ET. The company focuses on acquiring and managing mineral and royalty interests across key resource basins in the U.S., including the Permian and Williston Basins. With a commitment to maximizing risk-adjusted returns, Brigham aims to capitalize on organic growth and strategic acquisitions led by its experienced technical team.

Brigham Minerals (MNRL) reported record financial results for Q2 2021, achieving daily production of 8,988 Boe/d, a 1% increase from Q1. Royalty revenues rose by 15% to $37 million, driven by a 13% increase in realized prices. Net income reached $15.3 million, with Adjusted EBITDA of $30.8 million, up 14% sequentially. The company declared a quarterly dividend of $0.35 per share, marking a 9% increase, supported by a payout ratio of 80% of discretionary cash flow. Updated production guidance for 2021 is set between 9,000 Boe/d and 9,500 Boe/d.

Brigham Minerals (NYSE: MNRL) is set to announce its second quarter 2021 operating and financial results on August 4, 2021, after market close. The company will discuss these results during a conference call scheduled for August 5, 2021, at 9:00 a.m. Eastern Time. Brigham Minerals focuses on acquiring and managing mineral and royalty interests in highly productive resource basins in the U.S., aim to maximize returns for shareholders through organic growth and strategic acquisitions.

Brigham Minerals (NYSE: MNRL) announced its participation in the RBC Capital Markets Energy, Power & Infrastructure Conference, scheduled for June 8th at 2:40 pm ET. The company focuses on acquiring and managing mineral and royalty interests in economically rich basins across the U.S., including the Permian and Anadarko Basins. Its goal is to maximize shareholder returns through organic growth and further acquisitions.