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Subsequent Events
12 Months Ended
Jun. 30, 2025
Subsequent Events  
Subsequent Events

Note 14. Subsequent Events

Purchase of SCOOP/STACK Minerals

On August 4, 2025, the Company completed the acquisition of certain mineral and royalty interests in the SCOOP/STACK area of Oklahoma from a non-affiliated private seller (the “Minerals Acquisition”) in a cash transaction valued at approximately $17.0 million, subject to customary post-closing adjustments. The Minerals Acquisition has an effective date of May 1, 2025. The Company funded the purchase price for the Minerals Acquisition with a combination of $15.0 million in borrowings under its Senior Secured Credit Facility and cash on hand. The acquired assets include an average royalty interest of 0.6% located on approximately 5,500 net royalty acres located primarily in Grady and Canadian Counties, Oklahoma.

Dividend Declaration

On September 11, 2025, the Company declared a quarterly cash dividend of $0.12 per share of common stock to shareholders of record on September 22, 2025 and payable on September 30, 2025.