beyond midstream. And I think it bodes well for us.

Great. Thanks. And among your operators, when it comes to the data center power market opportunity, which we all know is going to be large, it's tough to sort of decide kind of what order of magnitude it will ultimately be. But Are your operators pretty much aligned in their view on sort of the quantity of power in the various regions and the timing of when that will be needed? Or are there any sort of contrarian views among the guys you're dealing with?

Well, it's very interesting the way you phrase it. i don't think i don't think there are much in the way of contrarian views i think there are certain operators that are doing a better job at taking advantage of the opportunity in front of them you'll you know obviously and you do uh a very good job of assessing who the better operators are at taking advantage of the data center and AI power demand growth that's coming. We like to align ourselves with those best in class operators who are, we think, taking better advantage of those opportunities. But I mean, I think you'll have noted in my remarks, you know, I was commenting at 7 BCF a day of in-basin power demand growth. We obviously see and hear from our operators the potential for significantly more than that. But we think, you know, when we when we peel back the story and try to take a very conservative outlook at what the demand side is going to look like in Appalachia and around the U.S. on the power side and looking at gas turbine generation and then later on the LNG export growth that's coming. You know, we've tried to take a conservative bent in even doing that. And then, of course, factoring in pipeline takeaway that's coming out of the Permian that we still very much see an environment that's going to demand higher natural gas prices, As Wayne was asking about in the first question, we really see a robust environment over the next five years. But as I said again to Wayne, we anchor ourselves in protecting the downside, delivering our cash flow, delivering our dividend. And then as we have in our past companies, let the positive tailwinds come to us. If we do that, I think we're going to do extremely well here at Whitehawk Minerals.

Great.

Thanks a lot. Thank you.

If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. Your next question comes from Selman Akul with Stiefel. Please go ahead.

Thank you. Good morning. Congratulations on a good inaugural quarter. I just wanted to ask about the Series E, because it looks like it's structured to be taken out over the next several years, the way you have it positioned and you noted it could be called any time. So I'm asking, one, what are your long-term plans for financing that? And then, B, if you think about your acquisition game going forward, should we look for more of these preferreds to be used and then taken out over time? Thank you.

Thank you. Thanks for the kind words and thank you for the question. So this is a type of security we've used in the past, and it's been quite effective for us in being able to execute and really grow Whitehawk from the beginning. we have a number of tools to be able to grow our business and pieces of capital to grow our business. And we are constantly looking for the absolute most efficient way to drive cash flow and net asset value per share through those securities. And that's exactly what we're going to do on a go forward basis with our capital structure, as well as with all of our acquisitions. What's really nice is when we look at this acquisition and we look at the capital structure, we see significant accretion on cash flow per share, on that asset value per share, and that bodes well, we think, for value in the short, medium, and long term here.

This is the end of the Q&A session. I will now turn the call back to Daniel Herz for closing remarks.

Great. Thank you all for joining us. We look forward to speaking with you all again very soon. Bye.

This concludes today's call. Thank you for attending. You may now disconnect.