Welcome to our dedicated page for Black Stone Minerals L P news (Ticker: BSM), a resource for investors and traders seeking the latest updates and insights on Black Stone Minerals L P stock.
Black Stone Minerals, L.P. reports news about its oil and natural gas mineral and royalty interests, quarterly production, cash distributions, and asset-management activity. The partnership owns mineral and royalty interests across the continental United States and focuses on non-cost-bearing mineral and royalty assets, with working-interest volumes also included in production updates.
Recurring developments include quarterly financial results, distributable cash flow, distribution coverage, acquisition activity, leasing, and development agreements. Company updates also describe activity in areas such as the Haynesville and Bossier plays, the Shelby Trough, the Permian, and the southern Delaware Basin, along with governance changes and investor presentations tied to strategic initiatives.
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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