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MNRL Sub Inc.

US:MNRL
No current share price held for this company.

Past year: ▲ 54%(21.09 – 35.43 USD)

Market cap
—
Shares on issue
—
Story beats
12 since 2019
Last event
9 Jan 2023

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

26 Aug 2022material agreement▲ GoodMajor

On 2022-08-22 Brigham Minerals, LLC agreed to buy mineral and royalty interests in the Midland Basin (the 'Midland Acquisition') from Avant Royalties entities for $132,500,000 in cash, with $6,625,000 held in escrow as a deposit. Closing is expected in Q4 2022 (outside date November 30, 2022), effective July 1, 2022, to be funded by cash on hand and borrowings under the revolving credit facility. This is a larger, all-cash deal than the earlier stock-and-cash acquisitions.

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5 Aug 2022quarterly activities report● Neutral

MNRL Sub Inc. reported quarterly revenue of $90.9 million and net income of $42.2 million for the period ended 2022-06-30.

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4 Aug 2022quarterly activities report● Neutral

MNRL Sub Inc. reported quarterly revenue of $90.9 million and net income of $42.2 million for the period ended 2022-06-30.

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11 July 2022substantial holder notice● Neutral

Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a MNRL Sub Inc. shareholding of 5,711,596 shares (10.92% of votes) in a periodic institutional filing.

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27 June 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC converted derivative holdings into 455,964 shares and disposed of 41,503.

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23 June 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC sold 99,862 shares.

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16 June 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC sold 181,978 shares.

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14 June 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC sold 273,986 shares.

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8 June 2022debt financing▲ Good

On 2022-06-03 a Fifth Amendment to the Wells Fargo credit facility raised the borrowing base and commitments from $230.0 million to $290.0 million. It also moved the interest benchmark from LIBOR to term SOFR plus a 0.10% fixed adjustment, with existing LIBOR borrowings kept at their original pricing until their interest periods end. This continues the series of increases from $135.0 million in July 2021.

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8 June 2022director interest notice● Neutral

MNRL Sub Inc. Chief Executive Officer Robert M. Roosa sold 6,250 shares at $31.94.

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8 June 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC converted derivative holdings into 389,626 shares.

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31 May 2022director interest notice● Neutral

MNRL Sub Inc. Chief Executive Officer Robert M. Roosa sold 50,000 shares at $30.00.

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31 May 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC sold 389,626 shares.

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31 May 2022director interest notice● Neutral

MNRL Sub Inc. Chief Financial Officer Blake C. Williams sold 25,000 shares at $30.00.

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26 May 2022director interest notice● Neutral

MNRL Sub Inc. director James R. Levy received 5,232 shares as part of the equity award.

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26 May 2022director interest notice● Neutral

MNRL Sub Inc. director Stacy Hock received 5,232 shares as part of the equity award.

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26 May 2022director interest notice● Neutral

MNRL Sub Inc. director Gayle Burleson received 5,232 shares as part of the equity award.

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26 May 2022director interest notice● Neutral

MNRL Sub Inc. director A Lance Langford received 5,232 shares as part of the equity award.

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26 May 2022director interest notice● Neutral

MNRL Sub Inc. director John R Sult received 5,232 shares as part of the equity award.

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26 May 2022director interest notice● Neutral

MNRL Sub Inc. director Richard K Stoneburner received 5,232 shares as part of the equity award.

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26 May 2022director interest notice● Neutral

MNRL Sub Inc. director Jon-al Duplantier received 5,232 shares as part of the equity award.

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5 May 2022quarterly activities report● Neutral

MNRL Sub Inc. reported quarterly revenue of $71.4 million and net income of $31.0 million for the period ended 2022-03-31.

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4 May 2022quarterly activities report● Neutral

MNRL Sub Inc. reported quarterly revenue of $71.4 million and net income of $31.0 million for the period ended 2022-03-31.

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8 Apr 2022director interest notice● Neutral

Ivan Alexandrov Gaidarov became a MNRL Sub Inc. VP & Chief Accounting Officer and company insider (initial ownership filing).

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29 Mar 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC converted derivative holdings into 1,416,313 shares.

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23 Mar 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC sold 936,546 shares.

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23 Mar 2022director interest notice● Neutral

MNRL Sub Inc. insider Pbra, LLC converted derivative holdings into 758,687 shares.

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22 Mar 2022director interest notice● Neutral

MNRL Sub Inc. VP, Gen. Counsel and Secretary Kari Arneil Potts received 20,123 shares as part of the equity award.

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22 Mar 2022director interest notice● Neutral

MNRL Sub Inc. Chief Financial Officer Blake C. Williams received 34,208 shares as part of the equity award.

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22 Mar 2022director interest notice● Neutral

MNRL Sub Inc. Chief Executive Officer Robert M. Roosa received 81,584 shares as part of the equity award.

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