Black Stone Minerals, L.P Key Executives
This section highlights Black Stone Minerals, L.P's key executives, including their titles and compensation details.
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Black Stone Minerals, L.P Earnings
This section highlights Black Stone Minerals, L.P's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-25 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-05 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-06 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-07 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-20 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-10-31 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-01 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-02 | N/A | N/A |
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2021, the company had a total estimated proved oil and natural gas reserves of 59,824 barrels of oil equivalent. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.
$13.97
Stock Price
$2.95B
Market Cap
113
Employees
Houston, TX
Location
Financial Statements
Access annual & quarterly financial statements for Black Stone Minerals, L.P, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $433.70M | $501.10M | $663.60M | $359.26M | $342.75M |
| Cost of Revenue | $104.48M | $80.87M | $126.42M | $123.88M | $139.51M |
| Gross Profit | $329.22M | $420.23M | $537.19M | $235.38M | $203.24M |
| Gross Profit Ratio | 75.91% | 83.86% | 80.95% | 65.52% | 59.30% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $52.08M | $51.45M | $53.65M | $48.75M | $42.98M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $52.08M | $51.45M | $53.65M | $48.75M | $42.98M |
| Other Expenses | $- | $-88.00M | $1.05M | $2.15M | $1.16M |
| Operating Expenses | $52.08M | $-36.55M | $54.71M | $50.90M | $44.14M |
| Cost and Expenses | $160.59M | $65.00M | $181.12M | $174.78M | $183.66M |
| Interest Income | $1.67M | $1.87M | $53.00K | $1.00K | $35.00K |
| Interest Expense | $3.11M | $2.75M | $6.29M | $5.64M | $10.41M |
| Depreciation and Amortization | $45.20M | $46.73M | $48.66M | $62.09M | $83.15M |
| EBITDA | $319.63M | $472.03M | $531.43M | $246.87M | $215.38M |
| EBITDA Ratio | 73.70% | 94.20% | 80.08% | 68.72% | 62.84% |
| Operating Income | $273.11M | $423.60M | $482.50M | $123.76M | $77.19M |
| Operating Income Ratio | 62.97% | 84.53% | 72.71% | 34.45% | 22.52% |
| Total Other Income Expenses Net | $-1.78M | $-1.05M | $-6.02M | $-5.34M | $-10.29M |
| Income Before Tax | $271.33M | $422.55M | $476.48M | $181.99M | $121.82M |
| Income Before Tax Ratio | 62.56% | 84.32% | 71.80% | 50.66% | 35.54% |
| Income Tax Expense | $- | $- | $6.02M | $-55.08M | $-71.53M |
| Net Income | $271.33M | $422.55M | $476.48M | $181.99M | $193.35M |
| Net Income Ratio | 62.56% | 84.32% | 71.80% | 50.66% | 56.41% |
| EPS | $1.15 | $1.91 | $2.18 | $0.77 | $0.94 |
| EPS Diluted | $1.15 | $1.78 | $2.03 | $0.77 | $0.93 |
| Weighted Average Shares Outstanding | 210.68M | 209.97M | 209.38M | 208.18M | 206.71M |
| Weighted Average Shares Outstanding Diluted | 210.78M | 225.10M | 224.45M | 208.29M | 206.82M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.29M | $103.18M | $115.17M | $94.20M | $81.91M | $109.80M | $117.00M | $122.31M | $230.38M | $216.43M | $180.37M | $36.42M | $179.42M | $59.83K | $58.44M | $61.57M | $77.43M | $43.74M | $38.53M | $183.05M |
| Cost of Revenue | $23.92M | $28.93M | $27.74M | $27.43M | $30.73M | $31.42M | $26.13M | $26.48M | $30.83M | $32.96M | $34.60M | $28.03M | $32.26M | $32.56K | $28.93M | $30.14M | $35.20M | $32.89M | $32.04M | $39.38M |
| Gross Profit | $80.38M | $74.25M | $87.43M | $66.77M | $51.18M | $78.37M | $90.87M | $95.83M | $199.54M | $183.47M | $145.78M | $8.40M | $147.16M | $27.27K | $29.51M | $31.43M | $42.23M | $10.85M | $6.49M | $143.67M |
| Gross Profit Ratio | 77.07% | 71.96% | 75.91% | 70.88% | 62.48% | 71.38% | 77.67% | 78.35% | 86.62% | 84.77% | 80.82% | 23.05% | 82.02% | 45.58% | 50.50% | 51.05% | 54.54% | 24.81% | 16.84% | 78.48% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $11.80M | $12.80M | $13.39M | $14.09M | $12.51M | $14.45M | $11.85M | $12.65M | $14.33M | $13.04M | $12.52M | $13.76M | $11.39M | $12.32K | $12.19M | $12.85M | $10.24M | $9.38M | $11.50M | $11.86M |
| Selling and Marketing Expenses | $- | $- | $14.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $11.80M | $12.80M | $13.39M | $14.09M | $12.51M | $14.45M | $11.85M | $12.65M | $14.33M | $13.04M | $12.52M | $13.76M | $11.39M | $12.32K | $12.19M | $12.85M | $10.24M | $9.38M | $11.50M | $11.86M |
| Other Expenses | $21.06M | $- | $-4.00K | $-88.00K | $-107.00K | $143.00K | $-97.00K | $-52.02M | $246.00K | $-58.00K | $81.00K | $382.00K | $68.00K | $17 | $31.00K | $183.00K | $12.00K | $168.00K | $-96.00K | $-1.00K |
| Operating Expenses | $32.86M | $12.80M | $13.39M | $14.09M | $12.51M | $16.41M | $12.11M | $-39.37M | $14.57M | $13.26M | $12.73M | $14.14M | $11.60M | $12.60K | $12.49M | $14.22M | $10.54M | $9.67M | $11.80M | $12.13M |
| Cost and Expenses | $56.77M | $41.74M | $41.13M | $41.52M | $43.24M | $47.84M | $38.24M | $-12.89M | $45.41M | $46.22M | $47.32M | $42.17M | $43.86M | $45.16K | $41.42M | $44.35M | $45.74M | $42.56M | $43.84M | $51.51M |
| Interest Income | $190.00K | $344.00K | $462.00K | $670.00K | $826.00K | $511.00K | $373.00K | $157.00K | $31.00K | $20.00K | $2.00K | $- | $1.00K | $- | $- | $- | $- | $1.00K | $3.00K | $31.00K |
| Interest Expense | $1.13M | $724.00K | $626.00K | $629.00K | $674.00K | $621.00K | $645.00K | $814.00K | $2.02M | $1.69M | $1.36M | $1.21M | $1.44M | $1.36K | $1.63M | $1.21M | $1.35M | $1.66M | $2.96M | $4.43M |
| Depreciation and Amortization | $10.94M | $11.26M | $11.68M | $11.96M | $12.04M | $12.62M | $10.67M | $11.15M | $13.03M | $12.21M | $12.10M | $11.12M | $14.88M | $15.20M | $16.09M | $15.92M | $19.82M | $19.82M | $19.19M | $23.18M |
| EBITDA | $58.42M | $104.71M | $80.17M | $75.93M | $159.64M | $74.58M | $89.43M | $146.40M | $198.00M | $182.41M | $145.15M | $5.33M | $150.74M | $32.46M | $33.15M | $33.32M | $51.51M | $45.22M | $13.88M | $103.72M |
| EBITDA Ratio | 56.01% | 101.48% | 69.61% | 80.60% | 194.90% | 67.93% | 76.44% | 119.70% | 85.95% | 84.28% | 80.47% | 14.62% | 84.01% | 54259.78% | 56.72% | 54.12% | 66.52% | 103.38% | 36.02% | 56.66% |
| Operating Income | $47.52M | $93.12M | $74.04M | $52.68M | $38.67M | $62.03M | $78.76M | $135.20M | $184.97M | $170.21M | $133.07M | $-5.79M | $135.57M | $17.52K | $17.03M | $17.21M | $31.69M | $25.23M | $-5.31M | $80.51M |
| Operating Income Ratio | 45.57% | 90.25% | 64.28% | 55.93% | 47.21% | 56.50% | 67.32% | 110.54% | 80.29% | 78.64% | 73.77% | -15.90% | 75.56% | 29.28% | 29.13% | 27.96% | 40.92% | 57.67% | -13.79% | 43.98% |
| Total Other Income Expenses Net | $-1.18M | $-389.00K | $-168.00K | $-47.00K | $45.00K | $33.00K | $-369.00K | $-756.00K | $-1.75M | $-1.73M | $-1.28M | $-1.25M | $-1.37M | $-1.34M | $-1.60M | $-1.03M | $-1.34M | $-1.50M | $-3.06M | $-4.40M |
| Income Before Tax | $46.35M | $92.73M | $68.32M | $63.93M | $147.65M | $62.07M | $78.39M | $134.44M | $183.22M | $168.47M | $131.79M | $-7.00M | $134.19M | $16.18K | $15.43M | $16.19M | $30.34M | $23.73M | $-8.37M | $76.11M |
| Income Before Tax Ratio | 44.44% | 89.87% | 59.32% | 67.86% | 180.25% | 56.53% | 67.00% | 109.92% | 79.53% | 77.84% | 73.06% | -19.22% | 74.79% | 27.04% | 26.40% | 26.29% | 39.19% | 54.26% | -21.73% | 41.58% |
| Income Tax Expense | $- | $- | $- | $7.37M | $32.62M | $-11.60M | $-9.87M | $- | $1.75M | $1.64M | $-10.45M | $1.21M | $1.44M | $-14.92M | $-14.14M | $-14.24M | $-18.45M | $-17.99M | $2.87M | $4.43M |
| Net Income | $46.35M | $92.73M | $68.32M | $63.93M | $147.65M | $62.07M | $78.39M | $134.44M | $183.22M | $168.47M | $131.79M | $-8.21M | $134.19M | $16.18K | $15.43M | $16.19M | $30.34M | $23.73M | $-8.37M | $76.11M |
| Net Income Ratio | 44.44% | 89.87% | 59.32% | 67.86% | 180.25% | 56.53% | 67.00% | 109.92% | 79.53% | 77.84% | 73.06% | -22.54% | 74.79% | 27.04% | 26.40% | 26.29% | 39.19% | 54.26% | -21.73% | 41.58% |
| EPS | $0.19 | $0.41 | $0.29 | $0.27 | $0.67 | $0.27 | $0.35 | $0.64 | $0.85 | $0.78 | $0.59 | $-0.04 | $0.62 | $0.05 | $0.05 | $0.05 | $0.12 | $0.09 | $-0.04 | $0.34 |
| EPS Diluted | $0.18 | $0.41 | $0.29 | $0.27 | $0.65 | $0.27 | $0.35 | $0.60 | $0.79 | $0.75 | $0.59 | $-0.04 | $0.60 | $0.05 | $0.05 | $0.05 | $0.12 | $0.09 | $-0.04 | $0.34 |
| Weighted Average Shares Outstanding | 210.68M | 210.69M | 210.70M | 210.65M | 209.99M | 209.98M | 209.97M | 209.94M | 209.41M | 209.40M | 209.40M | 204.20M | 208.66M | 208.65M | 207.94M | 207.44M | 206.75M | 206.73M | 206.71M | 206.63M |
| Weighted Average Shares Outstanding Diluted | 210.78M | 210.69M | 210.70M | 210.65M | 225.51M | 209.98M | 209.97M | 224.91M | 224.76M | 224.37M | 224.37M | 209.32M | 224.07M | 208.65M | 207.94M | 207.44M | 207.21M | 206.73M | 206.71M | 206.63M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.52M | $70.28M | $4.31M | $8.88M | $1.80M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $2.52M | $70.28M | $4.31M | $8.88M | $1.80M |
| Net Receivables | $71.09M | $82.25M | $135.70M | $97.14M | $61.91M |
| Inventory | $- | $- | $31.47M | $- | $1 |
| Other Current Assets | $4.93M | $40.59M | $33.38M | $3.91M | $4.49M |
| Total Current Assets | $78.54M | $193.13M | $173.38M | $107.97M | $66.52M |
| Property Plant Equipment Net | $2.04M | $1.07B | $1.09B | $1.13B | $1.17B |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $728.00K | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $1.14B | $8.26M | $8.73M | $6.61M | $5.32M |
| Total Non-Current Assets | $1.14B | $1.07B | $1.10B | $1.14B | $1.18B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $1.22B | $1.27B | $1.27B | $1.25B | $1.24B |
| Account Payables | $5.95M | $6.27M | $6.77M | $5.94M | $3.41M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $6.50M | $6.38M | $7.43M | $5.70M | $8.43M |
| Deferred Revenue | $- | $- | $- | $- | $- |
| Other Current Liabilities | $17.98M | $13.19M | $16.53M | $65.49M | $28.11M |
| Total Current Liabilities | $30.42M | $25.84M | $30.73M | $77.14M | $39.95M |
| Long Term Debt | $25.00M | $- | $10.00M | $89.00M | $121.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $34.04M | $23.70M | $20.54M | $18.15M | $24.06M |
| Total Non-Current Liabilities | $59.04M | $23.70M | $30.54M | $107.15M | $145.06M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $89.47M | $49.54M | $61.27M | $184.29M | $185.01M |
| Preferred Stock | $- | $- | $298.36M | $298.36M | $298.36M |
| Common Stock | $- | $- | $911.45M | $765.27M | $760.61M |
| Retained Earnings | $- | $- | $- | $- | $- |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $828.96M | $- | $-298.36M | $-298.36M | $-298.36M |
| Total Stockholders Equity | $828.96M | $- | $911.45M | $765.27M | $760.61M |
| Total Equity | $828.96M | $- | $911.45M | $765.27M | $760.61M |
| Total Liabilities and Stockholders Equity | $918.43M | $49.54M | $61.27M | $184.29M | $185.01M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $918.43M | $49.54M | $61.27M | $184.29M | $185.01M |
| Total Investments | $- | $- | $728.00K | $- | $- |
| Total Debt | $25.00M | $- | $10.00M | $89.00M | $121.00M |
| Net Debt | $22.48M | $-70.28M | $5.69M | $80.12M | $119.20M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.52M | $20.96M | $26.67M | $40.46M | $70.30M | $56.03M | $46.67M | $19.15M | $4.31M | $838.00K | $12.16M | $6.65M | $8.88M | $3.26M | $1.04M | $3.79M | $1.80M | $3.06M | $1.60M | $3.04M |
| Short Term Investments | $- | $- | $80.91M | $140.56M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $2.52M | $20.96M | $26.67M | $40.46M | $70.30M | $56.03M | $46.67M | $19.15M | $4.31M | $838.00K | $12.16M | $6.65M | $8.88M | $3.26M | $1.04M | $3.79M | $1.80M | $3.06M | $1.60M | $3.04M |
| Net Receivables | $71.09M | $68.12M | $73.83M | $72.43M | $82.25M | $87.72M | $72.36M | $94.19M | $135.70M | $157.89M | $140.57M | $99.46M | $97.14M | $88.30M | $68.38M | $59.29M | $61.91M | $48.50M | $45.48M | $58.46M |
| Inventory | $- | $- | $- | $1 | $110.87M | $21.22M | $50.29M | $- | $31.47M | $-6.98M | $-6.29M | $1 | $- | $1 | $2 | $1 | $1 | $1 | $-4.64M | $-4.81M |
| Other Current Assets | $4.93M | $20.17M | $14.02M | $33.28M | $40.59M | $23.20M | $52.91M | $70.45M | $33.38M | $2.24M | $2.77M | $3.73M | $3.91M | $3.01M | $4.23M | $3.10M | $2.82M | $10.37M | $174.34M | $98.27M |
| Total Current Assets | $78.54M | $109.25M | $114.52M | $146.16M | $193.13M | $166.95M | $171.94M | $183.79M | $173.38M | $160.96M | $155.50M | $107.98M | $107.97M | $93.07M | $71.54M | $64.78M | $66.52M | $61.92M | $221.42M | $159.78M |
| Property Plant Equipment Net | $1.13B | $1.10B | $1.10B | $1.08B | $1.07B | $1.06B | $1.07B | $1.08B | $1.09B | $1.10B | $1.11B | $1.12B | $1.13B | $1.15B | $1.16B | $1.16B | $1.17B | $1.19B | $1.21B | $1.36B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $147.00K | $372.00K | $- | $1.23M | $- | $728.00K | $- | $1.97M | $- | $- | $- | $- | $756.00K | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $6.32M | $7.27M | $7.09M | $7.49M | $7.88M | $7.62M | $7.97M | $8.92M | $8.73M | $11.54M | $5.35M | $6.04M | $6.61M | $7.17M | $7.64M | $4.92M | $5.32M | $5.75M | $6.25M | $7.68M |
| Total Non-Current Assets | $1.14B | $1.10B | $1.10B | $1.09B | $1.07B | $1.07B | $1.08B | $1.09B | $1.10B | $1.11B | $1.12B | $1.13B | $1.14B | $1.15B | $1.17B | $1.16B | $1.18B | $1.20B | $1.22B | $1.36B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.22B | $1.21B | $1.22B | $1.23B | $1.27B | $1.23B | $1.25B | $1.27B | $1.27B | $1.27B | $1.27B | $1.24B | $1.25B | $1.25B | $1.24B | $1.23B | $1.24B | $1.26B | $1.44B | $1.52B |
| Account Payables | $5.95M | $3.74M | $5.63M | $5.84M | $6.27M | $4.50M | $5.60M | $4.96M | $6.77M | $3.04M | $3.59M | $2.38M | $5.94M | $2.21M | $3.32M | $2.22M | $3.41M | $3.54M | $2.87M | $563.00K |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $6.50M | $- | $- | $- | $6.38M | $- | $- | $- | $7.43M | $- | $- | $- | $5.70M | $- | $- | $- | $8.43M | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $17.98M | $15.72M | $21.43M | $21.54M | $13.19M | $29.28M | $11.16M | $7.82M | $16.53M | $68.49M | $121.23M | $146.06M | $65.49M | $129.33M | $91.76M | $54.56M | $28.11M | $17.76M | $12.28M | $10.23M |
| Total Current Liabilities | $30.42M | $19.46M | $27.06M | $27.38M | $25.84M | $33.78M | $16.76M | $12.79M | $30.73M | $71.53M | $124.82M | $148.44M | $77.14M | $131.54M | $95.08M | $56.78M | $39.95M | $21.30M | $15.15M | $10.80M |
| Long Term Debt | $25.00M | $- | $- | $- | $- | $- | $- | $- | $10.00M | $60.00M | $86.00M | $69.00M | $89.00M | $99.00M | $96.00M | $111.00M | $121.00M | $147.00M | $323.00M | $388.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $34.04M | $25.06M | $29.37M | $28.49M | $23.70M | $26.81M | $20.35M | $20.65M | $20.54M | $17.61M | $19.19M | $22.98M | $18.15M | $30.68M | $27.11M | $21.57M | $24.06M | $28.72M | $26.64M | $21.68M |
| Total Non-Current Liabilities | $59.04M | $25.06M | $29.37M | $28.49M | $23.70M | $26.81M | $20.35M | $20.65M | $30.54M | $77.61M | $105.19M | $91.98M | $107.15M | $129.68M | $123.11M | $132.57M | $145.06M | $175.72M | $349.64M | $409.68M |
| Other Liabilities | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $89.47M | $44.52M | $56.43M | $55.87M | $49.54M | $60.60M | $37.11M | $33.44M | $61.27M | $149.14M | $230.00M | $240.42M | $184.29M | $261.22M | $218.19M | $189.36M | $185.01M | $197.02M | $364.80M | $420.48M |
| Preferred Stock | $- | $300.48M | $300.48M | $300.48M | $299.14M | $298.36M | $298.36M | $- | $298.36M | $298.36M | $298.36M | $298.36M | $298.36M | $298.36M | $298.36M | $298.36M | $298.36M | $298.36M | $298.36M | $298.36M |
| Common Stock | $- | $867.82M | $859.99M | $875.32M | $918.21M | $875.02M | $914.88M | $- | $911.45M | $823.23M | $744.33M | $699.79M | $765.27M | $687.08M | $725.69M | $738.43M | $760.61M | $764.63M | $775.68M | $803.73M |
| Retained Earnings | $- | $- | $-1.74B | $-1.79B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accumulated Other Comprehensive Income Loss | $- | $- | $875.32M | $918.21M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $- | $-300.48M | $- | $- | $- | $-298.36M | $-298.36M | $- | $-298.36M | $- | $- | $- | $-1 | $- | $- | $- | $- | $-1 | $- | $- |
| Total Stockholders Equity | $- | $867.82M | $1.16B | $1.18B | $1.22B | $875.02M | $914.88M | $- | $911.45M | $1.12B | $1.04B | $998.15M | $1.06B | $985.45M | $1.02B | $1.04B | $1.06B | $1.06B | $1.07B | $1.10B |
| Total Equity | $- | $867.82M | $1.16B | $1.18B | $1.22B | $875.02M | $914.88M | $- | $911.45M | $1.12B | $1.04B | $998.15M | $1.06B | $985.45M | $1.02B | $1.04B | $1.06B | $1.06B | $1.07B | $1.10B |
| Total Liabilities and Stockholders Equity | $89.47M | $912.34M | $1.22B | $1.23B | $1.27B | $60.60M | $37.11M | $33.44M | $61.27M | $1.27B | $1.27B | $1.24B | $184.29M | $1.25B | $1.24B | $1.23B | $1.24B | $197.02M | $1.44B | $1.52B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $89.47M | $912.34M | $1.22B | $1.23B | $1.27B | $60.60M | $37.11M | $33.44M | $61.27M | $1.27B | $1.27B | $1.24B | $184.29M | $1.25B | $1.24B | $1.23B | $1.24B | $197.02M | $1.44B | $1.52B |
| Total Investments | $- | $554.00K | $80.91M | $147.00K | $372.00K | $- | $1.23M | $- | $728.00K | $- | $1.97M | $- | $- | $- | $- | $756.00K | $- | $- | $- | $- |
| Total Debt | $25.00M | $- | $- | $- | $1.81M | $3.18M | $3.51M | $- | $10.00M | $60.00M | $86.00M | $69.00M | $89.00M | $99.00M | $96.00M | $111.00M | $121.00M | $147.00M | $323.00M | $388.00M |
| Net Debt | $22.48M | $-20.96M | $-26.67M | $-40.46M | $-68.49M | $-52.85M | $-43.15M | $-19.15M | $5.69M | $59.16M | $73.84M | $62.35M | $80.12M | $95.74M | $94.96M | $107.21M | $119.20M | $143.94M | $321.40M | $384.96M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $271.33M | $422.55M | $476.48M | $181.99M | $121.82M |
| Depreciation and Amortization | $45.20M | $- | $47.80M | $61.02M | $82.02M |
| Deferred Income Tax | $- | $- | $- | $-61.02M | $-82.02M |
| Stock Based Compensation | $8.56M | $10.83M | $17.39M | $12.22M | $3.73M |
| Change in Working Capital | $11.50M | $48.81M | $-36.45M | $-32.49M | $10.06M |
| Accounts Receivables | $11.24M | $53.05M | $-39.51M | $-34.86M | $16.49M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $1.04M | $-3.83M | $3.01M | $2.65M | $-5.93M |
| Other Working Capital | $-789.00K | $-414.00K | $51.00K | $-289.00K | $-500.00K |
| Other Non Cash Items | $52.46M | $39.06M | $-80.24M | $95.17M | $146.20M |
| Net Cash Provided by Operating Activities | $389.04M | $521.25M | $424.98M | $256.88M | $281.81M |
| Investments in Property Plant and Equipment | $-4.21M | $-19.81M | $-12.56M | $-14.63M | $-4.82M |
| Acquisitions Net | $- | $- | $11.35M | $318.00K | $156.06M |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-108.02M | $73.00K | $11.35M | $318.00K | $156.06M |
| Net Cash Used for Investing Activities | $-112.24M | $-19.74M | $-1.22M | $-14.32M | $151.25M |
| Debt Repayment | $25.00M | $-10.00M | $-79.00M | $-32.00M | $-273.00M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-4.45M | $-5.50M | $-2.99M | $-1.96M | $-5.04M |
| Dividends Paid | $-365.06M | $-419.82M | $-343.40M | $-197.92M | $-161.34M |
| Other Financing Activities | $-64.00K | $-216.00K | $-2.94M | $-3.60M | $- |
| Net Cash Used Provided by Financing Activities | $-344.57M | $-435.54M | $-428.34M | $-235.48M | $-439.38M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-67.76M | $65.97M | $-4.57M | $7.08M | $-6.32M |
| Cash at End of Period | $2.52M | $70.28M | $4.31M | $8.88M | $1.80M |
| Cash at Beginning of Period | $70.28M | $4.31M | $8.88M | $1.80M | $8.12M |
| Operating Cash Flow | $389.04M | $521.25M | $424.98M | $256.88M | $281.81M |
| Capital Expenditure | $-4.21M | $-19.81M | $-12.56M | $-14.63M | $-4.82M |
| Free Cash Flow | $384.83M | $501.44M | $412.42M | $242.25M | $276.99M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $46.35M | $92.73M | $68.32M | $63.93M | $147.65M | $62.07M | $78.39M | $134.44M | $183.22M | $168.47M | $131.79M | $-7.00M | $134.19M | $16.18M | $15.43M | $16.19M | $30.34M | $23.73M | $-8.37M | $76.11M |
| Depreciation and Amortization | $- | $10.62M | $11.68M | $11.96M | $12.04M | $12.62M | $10.67M | $- | $24.99M | $12.42M | $12.10M | $10.92M | $61.02M | $15.20M | $16.09M | $15.63M | $39.64M | $20.11M | $19.19M | $23.18M |
| Deferred Income Tax | $- | $- | $- | $- | $98.44M | $-12.62M | $-10.67M | $- | $- | $- | $- | $-10.92M | $-64.80M | $- | $- | $27.88M | $-16.18M | $- | $19.17M | $-38.98M |
| Stock Based Compensation | $1.80M | $2.18M | $2.21M | $2.38M | $2.42M | $3.78M | $2.52M | $2.12M | $5.58M | $4.53M | $2.72M | $4.55M | $2.51M | $3.17M | $3.07M | $3.46M | $2.32M | $1.82M | $2.47M | $-2.89M |
| Change in Working Capital | $2.16M | $-1.39M | $547.00K | $839.00K | $9.18M | $-13.04M | $24.61M | $28.07M | $25.77M | $-13.17M | $-33.90M | $-15.15M | $-3.05M | $-17.59M | $-7.41M | $-4.45M | $-10.80M | $-730.00K | $16.99M | $4.60M |
| Accounts Receivables | $-2.96M | $5.72M | $-1.37M | $9.85M | $4.91M | $-15.33M | $21.89M | $41.59M | $20.83M | $-17.15M | $-40.93M | $-2.26M | $-8.79M | $-19.91M | $-8.78M | $2.62M | $-13.35M | $-3.70M | $13.85M | $19.69M |
| Inventory | $- | $- | $- | $- | $-4.61M | $-1.65M | $- | $- | $- | $- | $- | $- | $-3.55M | $- | $- | $-7.73M | $-26.44M | $616.00K | $-302.00K | $-774.00K |
| Accounts Payables | $6.20M | $829.00K | $2.52M | $-8.51M | $4.61M | $1.65M | $3.25M | $-13.33M | $4.60M | $3.77M | $7.62M | $-12.97M | $6.20M | $1.70M | $2.09M | $-7.34M | $2.42M | $2.44M | $3.48M | $-14.27M |
| Other Working Capital | $-1.08M | $-7.94M | $-603.00K | $-502.00K | $4.27M | $2.29M | $-533.00K | $-182.00K | $332.00K | $169.00K | $-961.00K | $90.00K | $3.09M | $613.00K | $-723.00K | $8.00M | $26.57M | $-83.00K | $-34.00K | $-53.00K |
| Other Non Cash Items | $40.65M | $-10.90M | $42.04M | $50.31M | $-135.61M | $63.91M | $27.75M | $-27.48M | $-83.13M | $-68.37M | $-62.27M | $100.17M | $-56.42M | $56.09M | $58.80M | $-3.03M | $15.06M | $38.62M | $37.05M | $9.43M |
| Net Cash Provided by Operating Activities | $90.96M | $93.24M | $100.39M | $104.46M | $134.12M | $116.71M | $133.27M | $137.16M | $156.43M | $108.41M | $77.56M | $82.58M | $73.45M | $57.85M | $69.89M | $55.69M | $60.40M | $63.45M | $86.52M | $71.45M |
| Investments in Property Plant and Equipment | $-48.01M | $-259.00K | $-16.00K | $-24.04M | $-14.79M | $-2.39M | $-679.00K | $-1.95M | $-538.00K | $-1.91M | $-6.42M | $-3.69M | $-427.00K | $-1.45M | $-12.54M | $-214.00K | $281.00K | $-82.00K | $-1.39M | $-3.58M |
| Acquisitions Net | $- | $- | $-27.70M | $79.00K | $-73.00K | $73.00K | $-580.00K | $- | $-100.00K | $- | $-39.00K | $-65.00K | $-72.00K | $-1.13M | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $-12.29M | $- | $-22.93M | $-14.98M | $73.00K | $- | $- | $-637.00K | $1.38M | $6.38M | $3.59M | $1.00K | $317.00K | $- | $-2.00K | $325.00K | $150.35M | $364.00K | $4.97M |
| Net Cash Used for Investing Activities | $-48.01M | $-12.55M | $-27.72M | $-23.96M | $-14.79M | $-2.31M | $-679.00K | $-1.95M | $-538.00K | $-532.00K | $-49.00K | $-96.00K | $-426.00K | $-1.14M | $-12.54M | $-214.00K | $606.00K | $150.27M | $-1.02M | $1.39M |
| Debt Repayment | $25.00M | $- | $- | $- | $- | $- | $- | $-10.00M | $-50.00M | $-26.00M | $17.00M | $-20.00M | $-10.00M | $3.00M | $-15.00M | $-10.00M | $-26.00M | $-176.00M | $-65.00M | $-6.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $4.45M | $-68.00K | $-4.38M | $5.50M | $- | $- | $-5.50M | $2.99M | $- | $- | $-2.99M | $1.96M | $- | $- | $-1.96M | $5.04M | $- | $-6.00K | $-5.03M |
| Dividends Paid | $-86.38M | $-86.37M | $-86.38M | $-105.92M | $-105.00M | $-104.99M | $-104.98M | $-104.85M | $-99.48M | $-93.20M | $-89.01M | $-61.71M | $-57.42M | $-57.41M | $-41.57M | $-41.52M | $-36.26M | $-36.26M | $-21.93M | $-66.89M |
| Other Financing Activities | $-14.00K | $-28.00K | $-6.00K | $-16.00K | $-74.00K | $-39.00K | $-91.00K | $-12.00K | $-2.94M | $- | $- | $- | $- | $-74.00K | $-3.53M | $- | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-61.39M | $-86.40M | $-86.45M | $-110.32M | $-105.07M | $-105.03M | $-105.08M | $-120.36M | $-152.43M | $-119.20M | $-72.01M | $-84.70M | $-67.42M | $-54.49M | $-60.10M | $-53.48M | $-62.26M | $-212.26M | $-86.94M | $-77.92M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $18.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-18.44M | $-5.71M | $-13.79M | $-29.83M | $14.27M | $9.36M | $27.52M | $14.84M | $3.47M | $-11.32M | $5.50M | $-2.22M | $5.61M | $2.22M | $-2.75M | $1.99M | $-1.26M | $1.46M | $-1.44M | $-5.08M |
| Cash at End of Period | $2.52M | $20.96M | $26.67M | $40.46M | $70.30M | $56.03M | $46.67M | $19.15M | $4.31M | $838.00K | $12.16M | $6.65M | $8.88M | $3.26M | $1.04M | $3.79M | $1.80M | $3.06M | $1.60M | $3.04M |
| Cash at Beginning of Period | $20.96M | $26.67M | $40.46M | $70.28M | $56.03M | $46.67M | $19.15M | $4.31M | $838.00K | $12.16M | $6.65M | $8.88M | $3.26M | $1.04M | $3.79M | $1.80M | $3.06M | $1.60M | $3.04M | $8.12M |
| Operating Cash Flow | $90.96M | $93.24M | $100.39M | $104.46M | $134.12M | $116.71M | $133.27M | $137.16M | $156.43M | $108.41M | $77.56M | $82.58M | $73.45M | $57.85M | $69.89M | $55.69M | $60.40M | $63.45M | $86.52M | $71.45M |
| Capital Expenditure | $-48.01M | $-15.26M | $-16.00K | $-24.04M | $-14.79M | $-2.39M | $-679.00K | $-1.95M | $-538.00K | $-1.91M | $-6.42M | $-3.69M | $-427.00K | $-1.45M | $-12.54M | $-214.00K | $281.00K | $-82.00K | $-1.39M | $-3.58M |
| Free Cash Flow | $42.95M | $77.98M | $100.37M | $80.42M | $119.32M | $114.32M | $132.59M | $135.20M | $155.90M | $106.50M | $71.14M | $78.89M | $73.03M | $56.39M | $57.35M | $55.47M | $60.68M | $63.36M | $85.13M | $67.87M |
Black Stone Minerals, L.P Dividends
Explore Black Stone Minerals, L.P's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
11.87%
Dividend Payout Ratio
134.55%
Dividend Paid & Capex Coverage Ratio
1.05x
Black Stone Minerals, L.P Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.375 | $0.375 | February 18, 2025 | February 18, 2025 | February 25, 2025 | February 05, 2025 |
| $0.375 | $0.375 | November 08, 2024 | November 08, 2024 | November 15, 2024 | October 16, 2024 |
| $0.375 | $0.375 | August 09, 2024 | August 09, 2024 | August 16, 2024 | July 24, 2024 |
| $0.375 | $0.375 | May 09, 2024 | May 10, 2024 | May 17, 2024 | April 17, 2024 |
| $0.475 | $0.475 | February 15, 2024 | February 16, 2024 | February 23, 2024 | January 31, 2024 |
| $0.475 | $0.475 | November 08, 2023 | November 09, 2023 | November 16, 2023 | October 18, 2023 |
| $0.475 | $0.475 | August 10, 2023 | August 11, 2023 | August 18, 2023 | July 25, 2023 |
| $0.475 | $0.475 | May 11, 2023 | May 12, 2023 | May 19, 2023 | April 19, 2023 |
| $0.475 | $0.475 | February 15, 2023 | February 16, 2023 | February 23, 2023 | February 01, 2023 |
| $0.45 | $0.45 | November 09, 2022 | November 10, 2022 | November 17, 2022 | October 19, 2022 |
| $0.42 | $0.42 | August 11, 2022 | August 12, 2022 | August 19, 2022 | July 25, 2022 |
| $0.4 | $0.4 | May 12, 2022 | May 13, 2022 | May 20, 2022 | April 25, 2022 |
| $0.27 | $0.27 | February 15, 2022 | February 16, 2022 | February 23, 2022 | February 02, 2022 |
| $0.25 | $0.25 | November 10, 2021 | November 12, 2021 | November 19, 2021 | October 27, 2021 |
| $0.25 | $0.25 | August 12, 2021 | August 13, 2021 | August 20, 2021 | July 26, 2021 |
| $0.175 | $0.175 | May 13, 2021 | May 14, 2021 | May 21, 2021 | April 21, 2021 |
| $0.175 | $0.175 | February 12, 2021 | February 16, 2021 | February 23, 2021 | February 03, 2021 |
| $0.15 | $0.15 | November 12, 2020 | November 13, 2020 | November 20, 2020 | October 21, 2020 |
| $0.15 | $0.15 | August 13, 2020 | August 14, 2020 | August 21, 2020 | July 27, 2020 |
| $0.08 | $0.08 | May 13, 2020 | May 14, 2020 | May 21, 2020 | April 22, 2020 |
Black Stone Minerals, L.P News
Read the latest news about Black Stone Minerals, L.P, including recent articles, headlines, and updates.
Black Stone Minerals: A 10% Distribution For This Natural Gas Royalty Play (Rating Upgrade)
Upgrading Black Stone Minerals to a BUY due to improving natural gas prices, a robust hedging program, and a renegotiated production agreement with Aethon. BSM's 2024 challenges included weak natural gas prices and a dividend cut, but the company maintained a distribution coverage greater than 1x distributable cash flow throughout the year. For 2025, BSM expects a 2% production increase, with natural gas making up 77% of total volumes, driven by new wells and rising prices.
Black Stone Minerals (BSM) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Black Stone Minerals (BSM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2024 Results; Provides Guidance for 2025
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “Black Stone,” or “the Company”) today announces its financial and operating results for the fourth quarter and full year of 2024 and provides guidance for 2025. Fourth Quarter 2024 Highlights Mineral and royalty production for the fourth quarter of 2024 equaled 34.8 MBoe/d; total production, including working interest volumes, was 36.1 MBoe/d for the quarter Net income for the quarter was $46.3 million. A.
Stay Ahead of the Game With Black Stone Minerals (BSM) Q4 Earnings: Wall Street's Insights on Key Metrics
Evaluate the expected performance of Black Stone Minerals (BSM) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Black Stone Minerals' Double-Digit Yield Looks To Benefit From Expanding Electricity Demand
Since its IPO in 2015, Black Stone Minerals performance has matched Exxon and Chevron on an annualized total return basis. Management's interest are closely aligned with unitholders and insider buying volume has been significant in 2025. Improving supply/demand balance for natural gas means more production volume, likely returning the distribution to high water level.
5 'Safe' Buys In 35 February Dividend Power Dogs
The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 2025 include Black Stone Minerals, AG Mortgage Investment, Golden Ocean, ARMOUR Residential, and Invesco Mortgage Capital. Analysts project significant net gains for top Dividend Power stocks, with AG Mortgage and Seanergy Maritime showing the highest potential returns by February 2026.
Black Stone Minerals, L.P. Announces Distribution and Schedules Earnings Call to Discuss Fourth Quarter and Full-Year 2024 Results
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company,” or “the Partnership”) today declared the distribution attributable to the fourth quarter of 2024. Additionally, the Partnership announced the date of its fourth quarter and full-year 2024 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution of $0.375 per common unit attributable to the fourth quarter of 2024, consistent with the prio.
Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 Levels
Black Stone Minerals reported 1x distribution coverage for Q3 2024. It saw an 8% quarter-over-quarter production decline. BSM's Q4 2024 distribution coverage should increase slightly even if its production declines a bit further in the near term.
High Yield Oil And Gas Ranked By Relative Quality
With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.
Black Stone Minerals, L.P. Common Units (BSM) Q3 2024 Earnings Call Transcript
Black Stone Minerals, L.P. Common Units (NYSE:BSM ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Mark Meaux - Director of Finance Thomas Carter - Chairman, President and Chief Executive Officer Taylor DeWalch - Senior Vice President and Chief Financial Officer Conference Call Participants Timothy Rezvan - KeyBanc Capital Markets Inc. Operator Hello, everyone, and thank you for joining us today for this Black Stone Minerals Q3 2024 Earnings Conference Call.
Black Stone Minerals, L.P. Reports Third Quarter Results
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the third quarter of 2024. Financial and Operational Highlights Mineral and royalty production for the third quarter of 2024 equaled 35.3 MBoe/d; total production, including working-interest volumes, was 37.4 MBoe/d for the quarter. Net income for the third quarter was $92.7 million, and Adjusted EBITDA for the quarter.
Black Stone Minerals, L.P. Announces Distribution and Schedules Earnings Call to Discuss Third-Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company,” or “the Partnership”) today declared the distribution attributable to the third quarter of 2024 and announced the date of its third-quarter earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution of $0.375 per common unit attributable to the third quarter of 2024, consistent with the prior quarter. Distributions will be payable on Novem.
Black Stone Minerals: Preferred Unit Redemption May Increase Distributable Cash Flow
Black Stone Minerals has been acquiring Gulf Coast mineral and royalty interests. These acquisitions are primarily non-producing currently, but are expected to benefit future production results once natural gas prices improve. Black Stone also has the opportunity to redeem its Series B preferred units at par in late 2025.
Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A Buy
BSM is a high free cash flow royalty-driven MLP with no debt, offering a 10.5% yield and potential upside with improved natural gas prices. The company's business model involves collecting royalty payments on revenue from producers operating on their acreage. BSM offers solid coverage of their distribution and potential for buybacks or acquisitions, making it a bargain investment opportunity.
Black Stone Minerals, L.P. (BSM) Q2 2024 Earnings Call Transcript
Black Stone Minerals, L.P. (NYSE:BSM ) Q2 2024 Results Conference Call August 6, 2024 10:00 AM ET Company Participants Mark Meaux - Director of Finance Tom Carter - Chairman, CEO and President Taylor DeWalch - Senior Vice President, Chief Financial Officer and Treasurer Carrie Clark - Senior Vice President, Chief Commercial Officer Steve Putman - Senior Vice President and General Counsel.
Black Stone Minerals, L.P. Reports Second Quarter Results
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the second quarter of 2024. Financial and Operational Highlights Mineral and royalty production for the second quarter of 2024 equaled 38.2 MBoe/d; total production, including working-interest volumes, was 40.4 MBoe/d for the quarter. Net income for the second quarter was $68.3 million, and Adjusted EBITDA for the quar.
Two High Quality 8-9% Yielding Stocks Worth Considering
Black Stone Minerals beat EBITDA estimates handily and decreased the distribution by 22%, generally as we expected. The company's coverage ratio is now at 1.22x and offers a 9% yield. Healthcare Realty beat AFFO per share estimates by 1c and announced a joint venture with KKR, selling an 80% stake in assets for $300 million.
Black Stone Minerals, L.P. Reports First Quarter Results
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2024. Financial and Operational Highlights Mineral and royalty production for the first quarter of 2024 equaled 38.1 MBoe/d, a decrease of 2% from the prior quarter; total production, including working-interest volumes, was 40.3 MBoe/d for the quarter. Net income for the first quarter was $63.9 mil.
Black Stone Minerals, L.P. Declares Distribution for Common Units and Schedules Earnings Call to Discuss First Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company”, or “the Partnership”) today declared the distribution attributable to the first quarter of 2024. Additionally, the Partnership announced the date of its first quarter 2024 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the first quarter of 2024 of $0.375 per unit. Distributions will be payable o.
Black Stone Minerals, L.P. Announced Participation in Upcoming Investor Relations Event
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company”, or “the Partnership”) today announced its participation in an upcoming investor relations event. Members of management will be participating in the following: KeyBanc Capital Markets Minerals Spotlight – March 26, 2024 Management will conduct virtual meetings with investors at this conference. Updated presentation materials will be made available in the Investor Relations section of the Black.
Black Stone Minerals: 2024 Distribution Coverage Projected At Near 1.0x
Black Stone Minerals, L.P. expects 3% total production growth in 2024, although with lower oil production. This is despite Aethon's decision to reduce near-term Shelby Trough drilling, although that decision may affect 2025 production more. Completion of Aethon's DUCs will minimize the 2024 impact.
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