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Black Stone Minerals L.P. - BSM STOCK NEWS

Welcome to our dedicated news page for Black Stone Minerals L.P. (Ticker: BSM), a resource for investors and traders seeking the latest updates and insights on Black Stone Minerals L.P..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Black Stone Minerals L.P.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Black Stone Minerals L.P.'s position in the market.

News
Black Stone Minerals, L.P. Declares Distribution for Common Units and Schedules Earnings Call to Discuss First Quarter 2024 Results
Rhea-AI Summary
Black Stone Minerals, L.P. declared a distribution of $0.375 per unit for the first quarter of 2024, with payments scheduled for May 17, 2024. The distribution reduction is due to pressure on natural gas prices, leading to production curtailments and delays in drilling. However, the company sees acquisition opportunities in the weak price environment and plans to use excess cash for strategic acquisitions without incurring significant debt. The company aims to return distributions to previous levels by 2026, focusing on disciplined capital deployment and long-term natural gas outlook.
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Black Stone Minerals, L.P. Announced Participation in Upcoming Investor Relations Event
Rhea-AI Summary
Black Stone Minerals, L.P. (NYSE: BSM) announces participation in KeyBanc Capital Markets Minerals Spotlight event for investor relations.
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End-of-Day
1.34%
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Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2023 Results; Provides Guidance for 2024
Rhea-AI Summary
Black Stone Minerals, L.P. (BSM) releases financial results for Q4 and full year 2023, with an emphasis on production, net income, and distribution. Despite a decrease in production and distributable cash flow, BSM maintained a strong financial position with zero debt and increased cash distributions. The company's management remains optimistic about long-term prospects, despite challenges in the natural gas market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
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earnings
News
Black Stone Minerals, L.P. Maintains Fourth Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Fourth Quarter and Year-End 2023 Results
Rhea-AI Summary
Black Stone Minerals, L.P. (NYSE: BSM) declared a cash distribution of $0.475 per unit for the fourth quarter of 2023, maintaining the distribution level with the third quarter. The distribution will be payable on February 23, 2024, to unitholders of record on February 16, 2024. Additionally, the Partnership announced the date for its fourth quarter and full-year 2023 earnings call, scheduled for February 20, 2024. The call will be broadcast live on the Company’s investor relations website.
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Rhea-AI Sentiment
End-of-Day
-0.98%
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News
Black Stone Minerals, L.P. Announces Shelby Trough Operational Update
Rhea-AI Summary
Black Stone Minerals, L.P. (NYSE: BSM) announced that Aethon Energy is exercising the 'time-out' provisions under its joint exploration agreements with the Company in East Texas. Aethon will temporarily suspend its drilling obligations due to falling natural-gas prices. Black Stone does not expect a significant financial impact in the next twelve months and plans to issue 2024 guidance in late February 2024.
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Black Stone Minerals, L.P. Reports Third Quarter Results
Rhea-AI Summary
Black Stone Minerals, L.P. (NYSE: BSM) announces its financial and operating results for Q3 2023. Mineral and royalty production increased by 20% compared to the previous quarter. Net income for the quarter was $62.1 million. Adjusted EBITDA totaled $130.0 million. The company approved a $150 million common unit repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
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earnings
News
Black Stone Minerals, L.P. Maintains Third Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Third Quarter 2023 Results
Rhea-AI Summary
Black Stone Minerals, L.P. declares distribution for Q3 2023 and announces earnings call date.
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Rhea-AI Sentiment
End-of-Day
0.39%
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Black Stone Minerals, L.P. Reports Second Quarter Results
Rhea-AI Summary
Black Stone Minerals, L.P. (NYSE: BSM) has announced its financial and operating results for the second quarter of 2023. Key highlights include a decrease in mineral and royalty production by 9% compared to the previous quarter, net income of $78.4 million, and adjusted EBITDA of $109.2 million. The company also announced a distribution of $0.475 per unit, representing a 13% increase from the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.2%
Tags
earnings
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News
Black Stone Minerals, L.P. Maintains Second Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Second Quarter 2023 Results
Rhea-AI Summary
Black Stone Minerals, L.P. declares a cash distribution of $0.475 per unit for the second quarter of 2023, maintaining the distribution level with Q1 2023 and representing a 13% increase compared to Q2 2022. The distribution will be payable on August 18, 2023. The Partnership will release details of its Q2 2023 results on July 31, 2023, with a conference call scheduled for August 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
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News
Black Stone Minerals and Longroad Energy Sign Exclusive, Multi-State Mineral Rights Agreement
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End-of-Day
1.21%
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Black Stone Minerals L.P.

NYSE:BSM

BSM Rankings

#1462 Ranked by Market Cap
N/A Ranked by Stock Gains
#203 Ranked by Dividends

BSM Stock Data

3.27B
156.58M
22.96%
12.44%
2.12%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About BSM

black stone minerals is the largest publicly traded mineral and royalty company in the united states. our interests include approximately 18 million gross acres in over 40 states. our principal business is maximizing the value of our existing portfolio of mineral and royalty assets through active management and expanding our asset base through acquisitions of additional mineral and royalty interests. we maximize value through the marketing of our mineral assets for lease, creative structuring of those leases to encourage and accelerate drilling activity, and selectively participating alongside our lessees on a working-interest basis. our primary business objective is to grow our reserves, production, and cash generated from operations over the long term. we are headquartered in houston, tx.