Sitting on assets in two major shale gas basins in the United States, WhiteHawk Minerals (WHK.US) is sprinting towards an IPO.

WhiteHawk Minerals (WHK.US), which holds natural gas mineral rights and leases in the Marcellus and Haynesville shale regions, has filed an application with the U.S. Securities and Exchange Commission (SEC) on Monday to raise up to $100 million through an initial public offering (IPO). The company submitted the filing under the name WhiteHawk Income, but plans to rename itself WhiteHawk Minerals before the IPO. WhiteHawk is a company focused on natural gas mineral rights and leases, with core assets in the Marcellus and Haynesville shale regions of the Appalachian Basin and the Haynesville Basin. As of December 31, 2025, the company's portfolio covers approximately 3.4 million net drilling units (including a total of 1.6 million net drilling units in the Appalachian Basin and Haynesville Basin), representing economic interests in 13% of total U.S. natural gas production. Based in Philadelphia, Pennsylvania, the company was founded in 2022 and generated $68 million in revenue in the 12 months ending on December 31, 2025. The company plans to list on the New York Stock Exchange (NYSE) under the ticker symbol "WHK". WhiteHawk Minerals had previously submitted a confidential filing on January 26, 2026. The joint bookrunners for this offering are Raymond James, Stifel, JPMorgan, Capital One Securities, and Stephens Inc. The company has not disclosed the pricing terms for the IPO.