Black Stone Minerals L P Stock Price, News & Analysis

Black Stone Minerals, L.P. (NYSE: BSM) has made its 2021 Schedule K-3 available online for unitholders with specific international tax reporting needs. The Schedule K-3 provides essential information for foreign unitholders and those calculating foreign tax credits. Unitholders can access the form at www.taxpackagesupport.com/BSM or request an electronic copy via phone. Black Stone Minerals is a leading owner of oil and natural gas mineral interests in the U.S., spanning 41 states, with a focus on delivering stable cash flow to unitholders.

Black Stone Minerals reported a strong financial performance for Q2 2022, with net income of $131.8 million, up from a net loss of $7 million in Q1 2022. Adjusted EBITDA reached a record $112.8 million, marking a 14% increase from the previous quarter. The company announced a cash distribution of $0.42 per unit, a 5% increase compared to Q1 2022. Total production was 33.5 MBoe/d, while mineral and royalty production was 30.3 MBoe/d, a 2% rise. As of July 29, 2022, total debt decreased to $54 million, with a solid coverage ratio of 1.21x.

Black Stone Minerals, L.P. (NYSE: BSM) has declared a cash distribution of $0.42 per common unit for the second quarter of 2022, marking a 5% increase from the prior quarter and a significant 68% increase year-over-year. The distribution will be paid on August 19, 2022, to unitholders of record as of August 12, 2022. The company will release its second quarter results after market close on August 1, 2022, with a conference call scheduled for August 2, 2022, at 9:00 a.m. Central time.

Black Stone Minerals reported a 16% decline in mineral and royalty production for Q1 2022, averaging 29.6 MBoe/d, despite a 27% increase in adjusted EBITDA of $98.8 million. The company recorded a $7 million net loss, contrasting sharply with a net income of $134.2 million in the prior quarter. Distributable cash flow rose by 30% to $92.6 million, resulting in a 48% increase in distributions to $0.40 per unit. Total debt decreased to $44 million, maintaining a favorable 0.2x debt-to-EBITDA ratio.

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.