Exhibit 99.1 Acacia Research Reports First Quarter 2024 Financial Results Company Continues to Advance Capital Allocation Strategy New York, NY, May 9, 2024 - Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three months ended March 31, 2024. Martin (“MJ”) D. McNulty, Jr., Chief Executive Officer, stated, “With the establishment of our strategic partnership with Benchmark Energy, and through its most recent acquisition, we have significantly div ...