Brigham Minerals Inc (N:MNRL)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEC
Company Contact
Address: 5914 W Courtyard Dr Ste 100
AUSTIN TX 78730-4911
Tel: N/A
IR: See website
Key People
Ben M. Brigham
Executive Chairman of the Board, Founder
Jordan K. Spearman
Vice President - Business Development
Robert M. Roosa
Chief Executive Officer, Director
Blake C. Williams
Chief Financial Officer
Kari Arneil Potts
Vice President, General Counsel, Corporate Secretary
Geoff Boyd
Vice President - Acquisitions
S. Bradley Burris
Vice President - Land
Hamilton Hogsett
Vice President - Reservoir Engineering
Kevin J. Labbe
Vice President - Exploration Mid-Continent and Rocky Mountain regions
A. Dax McDavid
Vice President - Exploration, TX/ND
Business Overview
Brigham Minerals, Inc. mineral acquisition company. The Company is engaged in acquiring oil and gas mineral rights. The Company's portfolio consists of mineral and royalty interests across four of the basins in the continental United States, including the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the Denver-Julesburg (DJ) Basin in Colorado, and Wyoming and the Williston Basin in North Dakota. The Company's Delaware Basin mineral and royalty interests are located in Reeves, Loving, Ward, Pecos, Culberson and Winkler Counties, Texas with its remaining interests located in Lea County, New Mexico. The Company also owned mineral and royalty interests in Carter and Love Counties, Oklahoma.
Financial Overview
For the three months ended 31 March 2020, Brigham Minerals Inc revenues increased 77% to $32.3M. Net income applicable to common stockholders increased from $534K to $4.7M. Revenues reflect Mineral and royalty revenues increase of 61% to $28.4M, Lease bonus and other revenues increase from $675K to $3.9M. Net income benefited from Interest expense, net decrease of 99% to $32K (expense), Gain (loss) on derivative instruments.
Employees: 41 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $937.91M as of Mar 31, 2020
Annual revenue (TTM): $115.53M as of Mar 31, 2020
EBITDA (TTM): $77.57M as of Mar 31, 2020
Net annual income (TTM): $7.57M as of Mar 31, 2020
Free cash flow (TTM): -$137.40M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 56,880,530 as of May 10, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization