Falcon Minerals Corporation is a C-Corporation formed to own and acquire high growth oil-weighted mineral rights. Falcon Minerals owns mineral, royalty, and over-riding royalty interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas. The Company also owns approximately 80,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia.
Company profile
Ticker
STR-WT
Website
CEO
Daniel C. Herz
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Falcon Minerals Corp, Osprey Energy Acquisition Corp, Sitio Royalties Corp.
SEC CIK
Corporate docs
Subsidiaries
Falcon Minerals GP, LLC • Falcon Minerals Operating Partnership, LP • Falcon Eagle Ford LP • VickiCristina, L.P. • DGK ORRI Company, L.P. • Noble EF DLG LP • Noble EF DLG GP LLC • Noble EF LP • Noble EF GP LLC • Noble Marcellus LP ...
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
12 Jan 23
EFFECT
Notice of effectiveness
12 Jan 23
EFFECT
Notice of effectiveness
12 Jan 23
15-12G
Securities registration termination
9 Jan 23
S-8 POS
Registration of securities for employees (post-effective amendment)
3 Jan 23
S-8 POS
Registration of securities for employees (post-effective amendment)
3 Jan 23
POS AM
Prospectus update (post-effective amendment)
30 Dec 22
POS AM
Prospectus update (post-effective amendment)
30 Dec 22
POS AM
Prospectus update (post-effective amendment)
30 Dec 22
8-K
Sitio Royalties and Brigham Minerals Announce Completion of Merger
29 Dec 22
Transcripts
Earnings call transcript
2023 Q1
10 May 23
Earnings call transcript
2022 Q4
9 Mar 23
Earnings call transcript
2022 Q3
9 Nov 22
Earnings call transcript
2022 Q2
9 Aug 22
Earnings call transcript
2021 Q3
6 Nov 21
Earnings call transcript
2021 Q2
8 Aug 21
Earnings call transcript
2021 Q1
9 May 21
Earnings call transcript
2020 Q4
4 Mar 21
Earnings call transcript
2020 Q3
7 Nov 20
Earnings call transcript
2020 Q2
9 Aug 20
Latest ownership filings
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
SC 13G/A
WELLINGTON MANAGEMENT GROUP LLP
8 Feb 24
SC 13G
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
ADAGE CAPITAL PARTNERS GP, L.L.C.
9 Feb 23
SC 13G
WELLINGTON MANAGEMENT GROUP LLP
6 Feb 23
SC 13G
BlackRock Inc.
3 Feb 23
SC 13G
FMR LLC
10 Jan 23
4
Britton L. James
3 Jan 23
4
Jarret J. Marcoux
3 Jan 23
4
Claire Harvey
3 Jan 23
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 10.81 mm | 10.81 mm | 10.81 mm | 10.81 mm | 10.81 mm | 10.81 mm |
Cash burn (monthly) | 1.60 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 28.77 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -17.96 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -11.2 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
87.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 197 |
Opened positions | 28 |
Closed positions | 26 |
Increased positions | 72 |
Reduced positions | 59 |
13F shares | Current |
---|---|
Total value | 2.83 tn |
Total shares | 137.09 mm |
Total puts | 106.10 k |
Total calls | 245.80 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Kimmeridge Energy Management | 36.50 mm | $883.56 bn |
Blackstone Holdings III | 20.10 mm | $0.00 |
Oaktree Capital Management | 12.94 mm | $313.16 bn |
FMR | 10.80 mm | $261.46 bn |
Vanguard | 7.90 mm | $191.21 bn |
Neuberger Berman | 5.66 mm | $137.05 bn |
BLK Blackrock | 5.66 mm | $137.03 bn |
Wellington Management | 4.65 mm | $112.61 bn |
Adage Capital Partners GP, L.L.C. | 3.97 mm | $96.18 bn |
STT State Street | 2.65 mm | $64.09 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Dec 22 | BX Royal Aggregator | Class C Common Stock | Other | Dispose J | Yes | No | 0 | 11,400,218 | 0.00 | 0 |
29 Dec 22 | BX Royal Aggregator | Class C Common Stock | Other | Dispose J | Yes | No | 0 | 8,637,727 | 0.00 | 0 |
29 Dec 22 | BX Royal Aggregator | Consideration Allocation Rights Class A common stock | Other | Dispose J | Yes | No | 0 | 57,288 | 0.00 | 0 |
29 Dec 22 | BX Royal Aggregator | Opco Units Class A common stock | Other | Dispose J | Yes | No | 0 | 11,400,218 | 0.00 | 0 |
29 Dec 22 | BX Royal Aggregator | Opco Units Class A common stock | Other | Dispose J | Yes | No | 0 | 8,637,727 | 0.00 | 0 |
29 Dec 22 | EMA II L.L.C. Blackstone | Class C Common Stock | Other | Dispose J | Yes | No | 0 | 11,400,218 | 0.00 | 0 |
29 Dec 22 | EMA II L.L.C. Blackstone | Class C Common Stock | Other | Dispose J | Yes | No | 0 | 8,637,727 | 0.00 | 0 |
29 Dec 22 | EMA II L.L.C. Blackstone | Consideration Allocation Rights Class A common stock | Other | Dispose J | Yes | No | 0 | 57,288 | 0.00 | 0 |
29 Dec 22 | EMA II L.L.C. Blackstone | Opco Units Class A common stock | Other | Dispose J | Yes | No | 0 | 11,400,218 | 0.00 | 0 |
29 Dec 22 | EMA II L.L.C. Blackstone | Opco Units Class A common stock | Other | Dispose J | Yes | No | 0 | 8,637,727 | 0.00 | 0 |