Brigham Minerals Stock Price, News & Analysis

Brigham Minerals (MNRL) reported record financial results for Q1 2021 with total revenues of $33.8 million, a 42% increase from Q4 2020. Daily production volumes averaged 8,931 Boe/d, despite a 5% sequential decline due to Winter Storm Uri. Net income was $12.1 million, and Adjusted EBITDA rose 57% to $27.1 million. The company declared a quarterly dividend of $0.32 per share, a 23% sequential increase. Through Q1, Brigham acquired 1,645 net royalty acres, primarily in the Permian Basin, and expects production to increase towards 10,000 Boe/d in H2 2021.

Brigham Minerals (NYSE: MNRL) will release its first quarter 2021 operating and financial results after market close on May 6, 2021. A conference call will follow on May 7, 2021, at 11:00 a.m. ET, where executives will discuss the results. Investors can pre-register for the call and listen to a live audio webcast on the company's website. The company focuses on acquiring and managing mineral and royalty interests in key resource basins across the U.S., primarily aiming to enhance total returns for shareholders.

Brigham Minerals, Inc. (NYSE: MNRL) announces the appointment of Jon-Al Duplantier as an independent director on February 19, 2021. Duplantier brings extensive experience from Parker Drilling and ConocoPhillips, which is expected to enhance Brigham's strategic goals. Executive Chairman Bud Brigham and CEO Rob Roosa expressed confidence in Duplantier's operational and legal expertise, aiming to drive value creation in their mineral acquisition strategy across rich resource basins in the U.S.

Brigham Minerals (MNRL) reported Q4 2020 production of 9,361 Boe/d, maintaining levels from Q3. Revenue reached $23.8 million, up 10% due to a 10% increase in pricing. Adjusted EBITDA was $17.2 million, marking a 13% sequential rise. Despite a net loss of $47 million, the company declared an 8% dividend raise to $0.26 per share. For 2021, production guidance is 9,200-9,900 Boe/d. Brigham invested $20.5 million in mineral acquisitions, with 721 DUCs in inventory, anticipating further production growth through operator activity in the Permian Basin.

Brigham Minerals, Inc. (NYSE: MNRL) will announce its fourth quarter and full-year 2020 results after the market closes on February 24, 2021. A conference call to discuss these results is scheduled for February 25, 2021, at 10:00 a.m. ET. The company focuses on acquiring and managing mineral and royalty interests in key resource areas across the U.S., including the Permian Basin and the SCOOP and STACK plays. Brigham's goal is to maximize risk-adjusted returns through organic growth and strategic acquisitions.

Brigham Minerals, Inc. (NYSE: MNRL) will have CEO Rob Roosa participate in a panel at the Goldman Sachs Global Energy Conference on January 7 at 3:00 p.m. Central Time. The company specializes in acquiring and managing mineral and royalty interests in key U.S. resource basins, including the Permian Basin and the Anadarko Basin. Brigham aims to maximize risk-adjusted total returns for shareholders through organic growth and strategic acquisitions.

Brigham Minerals (NYSE: MNRL) reported significant operational and financial results for Q3 2020, with daily production volumes at 9,318 Boe/d, up 5% sequentially and 19% year-over-year. Mineral and royalty revenues surged 72% to $21.6 million, boosted by a 62% rise in realized prices. Despite a net loss of $13 million, the company achieved an Adjusted EBITDA of $16.8 million, a 184% increase sequentially. The company declared a dividend of $0.24 per share, reflecting a 71% increase. With strong liquidity of $138 million, Brigham is well-positioned for continued acquisitions.

Brigham Minerals (NYSE: MNRL) plans to announce its third quarter 2020 financial results after market close on November 5, 2020. The company will hold a conference call on November 6, 2020, at 9:00 a.m. Eastern Time to discuss these results. Brigham Minerals focuses on acquiring and managing mineral and royalty interests primarily in the U.S.'s key resource basins, including the Permian Basin and the DJ Basin. The company aims to maximize risk-adjusted returns for shareholders by leveraging its technical expertise for growth and acquisitions.

Perseus Holdings USA has appointed Ben "Bud" M. Brigham to its board of directors. Brigham, an experienced entrepreneur with a successful track record, has raised substantial capital and previously took companies public. He aims to leverage his expertise in corporate strategy and capital markets to support Perseus's advancements in immuno-oncology. Brigham's prior ventures include founding Brigham Exploration, which went public and was sold for $4.5 billion. His involvement is expected to enhance shareholder value and help progress Perseus's innovative cancer treatment technologies.