Black Stone Minerals L P Stock Price, News & Analysis

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.

Black Stone Minerals, L.P. (NYSE: BSM) has announced its participation in the Citi 2021 Global Energy and Utilities Virtual Conference on May 12, 2021. Management will engage in one-on-one meetings with investors. Updated presentation materials will be accessible in the Investor Relations section of the Black Stone Minerals website before the conference.

Black Stone Minerals is among the largest owners of oil and gas mineral interests in the U.S., holding interests in 41 states. The company’s extensive asset base aims to provide steady production and cash flow for its unitholders.

Black Stone Minerals reported Q1 2021 financial results, with mineral and royalty production at 31.1 MBoe/d, down 3% from Q4 2020. Net income reached $16.2 million, while Adjusted EBITDA was $60.0 million, both showing declines from the previous quarter. Distributable cash flow of $53.8 million led to a distribution coverage of 1.5x based on a cash distribution of $0.175 per unit. Total debt decreased to $96.0 million as of April 30, 2021, with a reaffirmed borrowing base of $400 million until November 2024. Strategic agreements were made for further development in East Texas.

Black Stone Minerals, L.P. (NYSE: BSM) has declared a cash distribution of $0.175 per common unit for the first quarter of 2021. This distribution will be paid on May 21, 2021, to unitholders of record on May 14, 2021. The company also announced an earnings conference call scheduled for May 4, 2021, to discuss its first quarter results, which will be released after trading on May 3, 2021. Black Stone owns mineral and royalty interests across 41 states in the U.S., contributing to stable cash flow for distributions.