Welcome to our dedicated page for Brigham Minerals news (Ticker: MNRL), a resource for investors and traders seeking the latest updates and insights on Brigham Minerals stock.
This page provides a historical news archive for Brigham Minerals, Inc., which was previously listed on the New York Stock Exchange under the ticker MNRL. Brigham Minerals described itself as an Austin, Texas based mineral and royalty interest acquisition company focused on the core of active, highly economic, liquids-rich oil and gas basins across the continental United States. Its news flow reflected both operational updates and significant corporate events that shaped the company’s trajectory.
Readers can review company-issued press releases covering record quarterly operational and financial results, including disclosures on production volumes, royalty revenues, Adjusted EBITDA and dividend declarations that combined base and variable components. Brigham’s news also detailed its ongoing mineral and royalty acquisition program, such as transactions to acquire net royalty acres in the Midland Basin and other parts of the Permian Basin, as well as divestitures of largely undeveloped Anadarko Basin assets as part of portfolio rationalization.
Another key category of news relates to development activity on Brigham’s mineral position. The company reported metrics such as gross and net wells spud, drilled but uncompleted wells, permit inventories and conversions of DUCs to producing wells. These updates illustrated how its mineral and royalty portfolio translated into organic production and cash flow growth.
A major theme in the MNRL news archive is the all-stock merger between Brigham Minerals and Sitio Royalties Corp. Press releases describe the definitive merger agreement, the strategic rationale for combining two large public mineral and royalty companies, and the subsequent stockholder approval of the transaction. Brigham disclosed that its Class A common stock would cease trading on the New York Stock Exchange at the close of trading on the day of the stockholder vote, with the combined company operating under the Sitio Royalties Corp. name.
Investors and researchers can use this news page to trace Brigham Minerals’ historical performance, acquisition strategy and the steps leading to its combination with Sitio Royalties Corp. For current developments related to the ongoing business, information is associated with Sitio Royalties, while this archive documents the legacy MNRL story.
Brigham Minerals (MNRL) reported record operational and financial results for Q4 and full year 2021. Daily production averaged 9,170 Boe/d, royalty revenues reached $47 million, a 16% sequential increase, and net income stood at $21.7 million. The company declared a quarterly dividend of $0.45 per share, with a projected 14% increase in the base dividend for 2022. Acquisitions totaled $135 million since Q4 2021, bolstering production and cash flow. Full-year production guidance for 2022 is between 11,300 and 12,000 Boe/d, indicating over 25% year-over-year growth.
Brigham Minerals, Inc. (NYSE: MNRL) has announced a definitive purchase agreement to acquire mineral and royalty interests in the Midland Basin for about $15 million in cash and 800,000 shares of Class A stock. The acquisition, encompassing approximately 1,800 net royalty acres, aims to generate an estimated production of 225-275 boepd and a high teens EBITDA yield. The deal is expected to close in early-to-mid April 2022, marking a significant move towards value creation and consolidation in a competitive market.
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.