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Black Stone Minerals LP (BSM) delivers strategic management of oil and natural gas mineral assets across 18 million acres in the United States. This page provides investors and industry professionals with centralized access to official company announcements and market-moving developments.
Track BSM's latest earnings reports, mineral acquisitions, and partnership agreements alongside operational updates on royalty interests and lease structures. Our curated news feed ensures you stay informed about initiatives that drive the company's value creation in energy markets.
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Bookmark this page for real-time insights into how Black Stone Minerals LP continues to optimize one of North America's most extensive mineral asset portfolios through disciplined acquisitions and operational expertise.
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.
Black Stone Minerals (NYSE: BSM) reported its Q2 2024 financial results. Key highlights include:
- Mineral and royalty production of 38.2 MBoe/d
- Total production, including working-interest volumes, of 40.4 MBoe/d
- Net income of $68.3 million
- Adjusted EBITDA of $100.2 million
- Distributable cash flow of $92.5 million
- Announced distribution of $0.375 per unit
- Distribution coverage of 1.17x
- No outstanding debt at quarter-end
The company continued its strategic mineral and royalty interest acquisitions, totaling $26.5 million in Q2 2024. Black Stone maintains a strong financial position with $61 million in cash and no debt as of August 2, 2024.
Black Stone Minerals (NYSE: BSM) has announced its second quarter 2024 distribution and earnings call schedule. The company will maintain its quarterly cash distribution at $0.375 per common unit, payable on August 16, 2024, to unitholders of record on August 9, 2024. This distribution level remains unchanged from the first quarter of 2024.
BSM will release its second quarter 2024 results after market close on August 5, 2024, followed by an earnings conference call on August 6, 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 wishing to ask questions.
Black Stone Minerals, L.P. (NYSE: BSM) reports financial results for Q1 2024, with production at 38.1 MBoe/d, net income of $63.9 million, and Adjusted EBITDA of $104.1 million. The company announced a distribution decrease of 21% for the quarter, with no outstanding debt and $89 million cash on hand. Black Stone focuses on capital discipline and strategic acquisitions to weather commodity price cycles.
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