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. (NYSE: BSM) is an oil and natural gas mineral company that regularly publishes detailed updates on its operations, development agreements, and financial performance. The news flow around Black Stone highlights its role as one of the largest owners of oil and natural gas mineral interests in the United States and its focus on long-lived, non-cost-bearing mineral and royalty interests.
Readers following BSM news can expect recurring coverage of quarterly financial and operating results, including mineral and royalty production volumes, total production, realized prices, net income, Adjusted EBITDA, and distributable cash flow. The Partnership’s releases also describe cash distributions per common unit, distribution coverage ratios, and commentary on how these metrics relate to its capital allocation and growth plans.
Another major theme in Black Stone’s news is its development activity in key resource plays. The company reports on development agreements in the Shelby Trough and Haynesville/Bossier areas, amendments to joint exploration agreements, and Accelerated Drilling Agreements in the Louisiana Haynesville. Updates often include rig activity, wells spud, wells turned to sales, and minimum well commitments under agreements with partners such as Revenant Energy, Aethon Energy, Caturus Energy affiliates, and non-operated working interest partners.
News items also cover Black Stone’s targeted mineral and royalty acquisitions, particularly in the expanding Shelby Trough area, and its use of commodity derivative contracts to hedge portions of anticipated production. Announcements of distributions, investor presentations, and earnings conference calls provide additional context for investors tracking the Partnership’s strategy and outlook. For ongoing insight into BSM’s operations, development programs, and financial results, this news page aggregates the Partnership’s latest public communications.
Black Stone Minerals, L.P. (NYSE: BSM) has declared a cash distribution of $0.475 per common unit for Q1 2023. This amount maintains the previous quarter's distribution and represents a 19% increase from Q1 2022. The distributions will be paid on May 19, 2023, to unitholders recorded by May 12, 2023. Additionally, the company will release its first quarter earnings on May 1, 2023, followed by a conference call on May 2, 2023, at 9:00 a.m. Central time. Black Stone holds mineral interests across 41 states, with a focus on stable cash flow generation for unitholders.
Black Stone Minerals, L.P. (NYSE: BSM) reported record financial results for Q4 2022, with mineral and royalty production reaching 40.0 MBoe/d, up 7% from Q3. Net income was $183.2 million, with adjusted EBITDA at $131.7 million and distributable cash flow of $125.3 million, marking company highs. The Q4 cash distribution increased by 6% to $0.475 per unit. For 2022, total production averaged 37.1 MBoe/d, with net income of $476.5 million. Proved reserves rose by 7% to 64.1 MMBoe. Black Stone anticipates continued production growth in 2023, while managing expenses and maintaining a strong balance sheet.
Black Stone Minerals, L.P. (NYSE: BSM) announced a cash distribution of $0.475 per common unit for Q4 2022, marking a 5% increase from the previous quarter and a 76% increase from Q4 2021. This is the fifth consecutive quarterly increase. The distribution will be payable on February 23, 2023 for unitholders of record as of February 16, 2023. Additionally, BSM will release its Q4 and full-year 2022 results after market close on February 21, 2023, followed by a conference call on February 22, 2023, at 9:00 a.m. Central time.
Black Stone Minerals, L.P. (NYSE: BSM) announced the departure of Jeff Wood, President, Chief Financial Officer, and Treasurer, effective February 28, 2023. Evan Kiefer, currently Vice President of Finance and Investor Relations, will step in as Interim CFO and Treasurer. CEO Thomas L. Carter acknowledged Wood's significant contributions since 2016, highlighting his role during challenging times, including the Covid pandemic. The company boasts one of the strongest financial positions in its history, owning diverse oil and natural gas mineral interests across 41 U.S. states, supporting stable cash flow distributions to unitholders.
Black Stone Minerals (NYSE: BSM) reported strong financial results for Q3 2022, with mineral and royalty production increasing by 23% to 37.3 MBoe/d. Net income rose to $168.5 million, while adjusted EBITDA reached a record $123.1 million, up 9% quarter-over-quarter. The company announced a distribution of $0.45 per unit, a 7% increase from the previous quarter, supported by a distribution coverage of 1.24x. Total debt was significantly reduced to $19 million post-quarter. The production outlook for 2022 has been revised upwards, with expectations to meet or exceed the midpoint of original guidance.
Black Stone Minerals, L.P. (NYSE: BSM) announced a cash distribution for common units of $0.45 per unit for Q3 2022, marking a 7% increase compared to the previous quarter and an 80% increase from Q3 2021. This is the fourth consecutive quarterly increase. The distribution is payable on November 17, 2022, to unitholders of record as of November 10, 2022. The company will release its Q3 earnings on October 31, 2022, followed by an earnings call on November 1, 2022.
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.