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 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.
Black Stone Minerals, L.P. (BSM) announced its fourth quarter and full year 2020 results, showcasing a net income of $30.3 million and Adjusted EBITDA of $72.3 million for Q4. Production rose 3% to 32.0 MBoe/d, though the full year average declined by 8% to 33.4 MBoe/d. The company reduced total debt by $273 million throughout 2020, ending the year with a debt-to-Adjusted EBITDA ratio of 0.4x. For 2021, BSM anticipates a decrease in mineral and royalty production, forecasting 28-30 MBoe/d and maintaining quarterly distributions at $0.175 per unit.
On February 19, 2021, Cushing Asset Management and Swank Capital announced a change in constituents for the Cushing MLP Market Cap Index. TC PipeLines, LP (NYSE: TCP) is set to merge with TC Energy Corporation (NYSE: TRP), leading to TCP ceasing public trades. A special unitholder meeting is scheduled for February 26, 2021, to vote on the merger. If approved, Black Stone Minerals, L.P. (NYSE: BSM) will replace TCP in the Index starting March 1, 2021. This change will not affect other constituents.
Black Stone Minerals, L.P. (NYSE: BSM) announced a cash distribution of $0.175 per common unit for Q4 2020, marking a 17% increase from the previous quarter. This distribution will be paid on February 23, 2021, to unitholders of record by February 16, 2021. The increase is attributed to successful debt reduction efforts that enhance free cash flow returned to unitholders. Additionally, the company will report its Q4 earnings on February 22, 2021, with a conference call scheduled for February 23, 2021, at 9:00 AM CT.
Black Stone Minerals, L.P. (NYSE: BSM) reported its Q3 2020 financial results, revealing a 31.1 MBoe/d mineral and royalty production, an 8.6% decrease from the prior quarter. Net income was $23.7 million with an Adjusted EBITDA of $65.5 million, down from $72.4 million in Q2. The company reduced total debt from $147 million to $124 million by quarter-end. A cash distribution of $0.15 per unit was approved, reflecting a coverage ratio of 1.9x. The company also recorded a loss on derivative instruments of $21.1 million.
Black Stone Minerals, L.P. (NYSE: BSM) has declared a cash distribution of $0.15 per unit attributable to the third quarter of 2020. This distribution will be paid on November 20, 2020, to unitholders of record on November 13, 2020. Furthermore, the company plans to release its earnings report on November 2, 2020, followed by a conference call on November 3, 2020, at 9:00 a.m. CT. Black Stone is a leading owner of oil and natural gas mineral interests in the U.S., with holdings in 41 states, supporting stable cash flow to unitholders.