Black Stone Minerals L P Stock Price, News & Analysis

Black Stone Minerals (NYSE: BSM) reported its Q2 2025 financial results with net income of $120.0 million and Adjusted EBITDA of $84.2 million. The company's mineral and royalty production decreased 3% to 33.2 MBoe/d from the previous quarter, with total production at 34.6 MBoe/d.

The Partnership announced a quarterly distribution of $0.30 per unit, representing a 20% decrease from the prior quarter, with a distribution coverage ratio of 1.18x. BSM has signed a significant development agreement with Revenant Energy covering 270,000 gross acres and is marketing an additional 180,000 gross acre opportunity.

Due to lower production, BSM revised its 2025 guidance to 33-35 MBoe/d, down from the previous 38-41 MBoe/d range. The company completed $31.2 million in acquisitions during Q2 2025, bringing total acquisitions since September 2023 to $172.3 million.

Black Stone Minerals (NYSE: BSM) has declared a quarterly cash distribution of $0.30 per common unit for Q2 2025, payable on August 14, 2025, to unitholders of record on August 7, 2025. The distribution reduction is attributed to slower-than-expected natural gas production growth, particularly in the Haynesville/Bossier play.

The Partnership expects a distribution coverage ratio of approximately 1.18x for Q2 2025 and plans to use excess cash for strategic mineral acquisitions. BSM emphasizes its commitment to long-term growth strategy, particularly through development agreements in Shelby Trough, and maintains optimism about natural gas demand growth, especially for LNG.

BSM will release Q2 2025 results after market close on August 4, 2025, followed by an earnings conference call on August 5, 2025, at 9:00 a.m. Central time.

Black Stone Minerals (NYSE: BSM) has announced two significant developments in its Shelby Trough operations. The company has entered into a new development agreement with Revenant Energy covering approximately 270,000 gross acres and 95,000 net undeveloped acres across multiple Texas counties. The agreement includes escalating annual well commitments, starting with 6 wells in 2026 and increasing to 25 wells per year.

Additionally, BSM has amended its existing agreements with Aethon Energy, reducing the contract area to 210,000 gross acres. Aethon will release over 50,000 gross acres back to BSM in exchange for reducing the annual well commitment to 16 wells across both Joint Exploration Agreements (JEAs). The released acreage is expected to be placed under another development agreement to further enhance activity in the Shelby Trough.

Black Stone Minerals reported its Q1 2025 financial results. The company achieved mineral and royalty production of 34.2 MBoe/d and total production of 35.5 MBoe/d. Financial highlights include net income of $15.9 million, Adjusted EBITDA of $82.2 million, and distributable cash flow of $73.7 million. The company announced a quarterly distribution of $0.375 per unit with a coverage ratio of 0.93x. Total debt stood at $63.0 million with $4.3 million cash on hand. In the Shelby Trough area, development activities progressed with Aethon turning 11 gross wells to sales. The company completed $14.2 million in mineral acquisitions during Q1, bringing total acquisitions since September 2023 to $160.6 million. Black Stone maintains a hedging program for 2025-2026 to protect against commodity price volatility.

Black Stone Minerals (NYSE: BSM) has announced its first quarter 2025 distribution and earnings call schedule. The company declared a quarterly cash distribution of $0.375 per common unit, maintaining the same level as the previous quarter. The distribution will be paid on May 15, 2025, to unitholders of record as of May 8, 2025.

The Partnership will release its Q1 2025 results after market close on May 5, 2025, followed by a conference call on May 6, 2025, at 9:00 a.m. Central time. The earnings call will be available in listen-only mode on BSM's investor relations website, with dial-in options available for participants wanting to ask questions.

Black Stone Minerals (NYSE: BSM) reported its Q4 and full-year 2024 results, with Q4 mineral and royalty production at 34.8 MBoe/d and total production of 36.1 MBoe/d. The company posted Q4 net income of $46.3 million and Adjusted EBITDA of $90.1 million.

For full-year 2024, BSM saw a 2% decrease in mineral and royalty volumes to 36.6 MBoe/d, with total production at 38.5 MBoe/d. The company reported net income of $271.3 million and Adjusted EBITDA of $380.9 million. BSM maintained its quarterly distribution of $0.375 per unit ($1.50 annually).

The company acquired $110 million in grass-roots mineral acquisitions during 2024. For 2025, BSM provides production guidance of 38-41 MBoe/d, representing approximately 2% growth over 2024, driven by increased activity in the Shelby Trough, Louisiana Haynesville, and Permian regions.

Black Stone Minerals (NYSE: BSM) has announced its fourth quarter 2024 distribution and upcoming earnings call details. The company declared a quarterly cash distribution of $0.375 per common unit, maintaining consistency with the previous quarter. The distribution will be paid on February 25, 2025, to unitholders of record as of February 18, 2025.

The company will release its fourth quarter and full-year 2024 results after market close on February 24, 2025, followed by a conference call on February 25, 2025, at 9:00 a.m. Central time. The call will be available in listen-only mode on the company's investor relations website, with dial-in options available for participants who wish to ask questions.

Black Stone Minerals (NYSE: BSM) reported its Q3 2024 financial results with net income of $92.7 million and Adjusted EBITDA of $86.4 million. Total production was 37.4 MBoe/d, with mineral and royalty production at 35.3 MBoe/d. The company announced a distribution of $0.375 per unit with 1.00x coverage. Revenue reached $101.0 million, down 8% from Q2. The company maintains a strong financial position with zero debt and $42.8 million cash on hand. BSM expanded its mineral portfolio through $14.7 million in acquisitions during Q3 and has acquired $79.8 million in mineral interests since September 2023.

Black Stone Minerals, L.P. (NYSE: BSM) has announced its distribution for the third quarter of 2024 and scheduled its earnings call. The Board of Directors has approved a cash distribution of $0.375 per common unit, consistent with the previous quarter. This distribution will be payable on November 15, 2024, to unitholders of record on November 8, 2024.

The Partnership will release its third-quarter results after trading closes on November 4, 2024. A conference call to discuss these results is scheduled for November 5, 2024, at 9:00 a.m. Central time. The call will be broadcast live on the company's investor relations website, with dial-in options available for those who wish to ask questions.