Black Stone Minerals L P Stock Price, News & Analysis

Black Stone Minerals, L.P. (NYSE: BSM) declared a cash distribution of $0.40 per common unit for Q1 2022, marking a 48% increase from the previous quarter. This distribution will be paid on May 20, 2022, to unitholders of record by May 13, 2022. CEO Thomas L. Carter, Jr. noted strong cash flows driven by favorable commodity prices and a low debt balance, facilitating higher returns to unitholders. The Partnership's Q1 2022 earnings call is scheduled for May 3, 2022 at 10:30 a.m. Central time.

Black Stone Minerals (NYSE: BSM) reported strong financial and operational results for Q4 and full year 2021. Q4 mineral and royalty production increased by 7% to 35.2 MBoe/d. Net income was $134.2 million, significantly up from prior quarters. Full year revenue was $182 million, driven by increased realized prices, averaging $44.12 per Boe. The company reduced debt by $32 million and raised cash distributions by 70% from the previous year. Guidance for 2022 indicates stable production with a slight decline in working interest production due to past strategic decisions.

Black Stone Minerals, L.P. (NYSE: BSM) has declared a cash distribution of $0.270 per common unit for Q4 2021, marking an 8% increase from the previous quarter and a 54% increase year-over-year. This distribution will be payable on February 23, 2022 to shareholders of record as of February 16, 2022. The company will release its Q4 and full-year 2021 earnings results after the market closes on February 21, 2022, followed by a conference call on February 22, 2022.

Black Stone Minerals, L.P. (NYSE: BSM) reported strong financial performance for Q3 2021, with mineral and royalty production of 33.0 MBoe/d, up 2% from Q2 2021. The company achieved net income of $16.2 million and Adjusted EBITDA of $76.5 million. Distributable cash flow decreased 3% to $70.2 million. A cash distribution of $0.25 per unit was announced, representing a 25% increase over prior expectations. Notably, total debt was reduced to $86.0 million as of October 29, 2021, showcasing a solid balance sheet and a debt to EBITDA ratio of just 0.3x.

Black Stone Minerals, L.P. (NYSE: BSM) announced a cash distribution of $0.25 per common unit for Q3 2021, matching the previous quarter’s combined distribution and exceeding expectations by 25%. This distribution will be payable on November 19, 2021 to unitholders of record on November 12, 2021. The company will also release its Q3 results on November 1, 2021, followed by a conference call on November 2, 2021, at 9:00 a.m. Central time. Black Stone is a significant owner of oil and natural gas mineral interests across the U.S.

Black Stone Minerals, L.P. (NYSE: BSM) plans to declare its third-quarter distribution after market close on October 27, 2021. The company will release its earnings results on November 1, 2021, followed by a conference call on November 2, 2021, at 9:00 a.m. Central time. Investors can join the call via the company’s investor relations website. Black Stone Minerals holds significant oil and natural gas mineral rights across 41 states in the U.S., providing stable cash flow for unitholders.

Black Stone Minerals (NYSE: BSM) reported a strong second quarter for 2021, with mineral and royalty production rising 5% to 32.5 MBoe/d. Net income reached $15.4 million while Adjusted EBITDA stood at $78.4 million. The company announced a distribution of $0.25 per unit, including a special $0.05, reflecting various one-time positive factors. Distributable cash flow increased 34% to $72.1 million. Total debt decreased to $81 million, indicating robust financial health. New agreements for development in Texas and a sustainability initiative were also highlighted.

Black Stone Minerals, L.P. (NYSE: BSM) announced the appointment of Carrie P. Clark as Senior Vice President, Land & Legal, effective August 2, 2021. She will manage the Land and Land Administration teams. CEO Thomas L. Carter, Jr. expressed enthusiasm about her strategic experience, which is expected to enhance business development efforts and add value for unitholders. Clark has over 20 years of land and legal experience, most recently as Executive VP at University Lands, and previously held senior roles at Talos Energy and EnerVest Operating.