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Black Stone Minerals, L.P. (BSM) is the largest publicly traded mineral and royalty company in the United States, with interests spread across approximately 18 million gross acres in over 40 states. Headquartered in Houston, TX, the company's principal focus is on maximizing the value of its existing portfolio of mineral and royalty assets through active management and strategic acquisitions.
Core Business: Black Stone Minerals' core business involves the ownership and management of oil and natural gas mineral interests. The company employs a strategic approach to enhance the value of its assets through the marketing of mineral assets for lease, creative structuring of those leases to encourage and accelerate drilling activity, and selective participation alongside lessees on a working-interest basis.
Recent Achievements and Projects: The company has been expanding its asset base through the acquisition of additional mineral and royalty interests, ensuring a steady growth in its reserves, production, and cash generated from operations. Recent strategic moves have positioned Black Stone Minerals as a significant player in the oil and natural gas sector, focusing on long-term growth and stability.
Financial Condition and Partnerships: Black Stone Minerals is committed to financial stability and growth, continually seeking opportunities to enhance its portfolio. The company's collaborative approach with lessees and strategic partners has been instrumental in driving value and ensuring sustained production.
With a primary business objective to grow its reserves, production, and cash flow over the long term, Black Stone Minerals continues to be a pivotal entity in the mineral and royalty space, leveraging its extensive asset base and strategic initiatives to maximize shareholder value.
Black Stone Minerals (NYSE: BSM) reported its Q4 and full-year 2024 results, with Q4 mineral and royalty production at 34.8 MBoe/d and total production of 36.1 MBoe/d. The company posted Q4 net income of $46.3 million and Adjusted EBITDA of $90.1 million.
For full-year 2024, BSM saw a 2% decrease in mineral and royalty volumes to 36.6 MBoe/d, with total production at 38.5 MBoe/d. The company reported net income of $271.3 million and Adjusted EBITDA of $380.9 million. BSM maintained its quarterly distribution of $0.375 per unit ($1.50 annually).
The company acquired $110 million in grass-roots mineral acquisitions during 2024. For 2025, BSM provides production guidance of 38-41 MBoe/d, representing approximately 2% growth over 2024, driven by increased activity in the Shelby Trough, Louisiana Haynesville, and Permian regions.
Black Stone Minerals (NYSE: BSM) has announced its fourth quarter 2024 distribution and upcoming earnings call details. The company declared a quarterly cash distribution of $0.375 per common unit, maintaining consistency with the previous quarter. The distribution will be paid on February 25, 2025, to unitholders of record as of February 18, 2025.
The company will release its fourth quarter and full-year 2024 results after market close on February 24, 2025, followed by a conference call on February 25, 2025, at 9:00 a.m. Central time. The call will be available in listen-only mode on the company's investor relations website, with dial-in options available for participants who wish to ask questions.
Black Stone Minerals (NYSE: BSM) reported its Q3 2024 financial results with net income of $92.7 million and Adjusted EBITDA of $86.4 million. Total production was 37.4 MBoe/d, with mineral and royalty production at 35.3 MBoe/d. The company announced a distribution of $0.375 per unit with 1.00x coverage. Revenue reached $101.0 million, down 8% from Q2. The company maintains a strong financial position with zero debt and $42.8 million cash on hand. BSM expanded its mineral portfolio through $14.7 million in acquisitions during Q3 and has acquired $79.8 million in mineral interests since September 2023.
Black Stone Minerals, L.P. (NYSE: BSM) has announced its distribution for the third quarter of 2024 and scheduled its earnings call. The Board of Directors has approved a cash distribution of $0.375 per common unit, consistent with the previous quarter. This distribution will be payable on November 15, 2024, to unitholders of record on November 8, 2024.
The Partnership will release its third-quarter results after trading closes on November 4, 2024. A conference call to discuss these results is scheduled for November 5, 2024, at 9:00 a.m. Central time. The call will be broadcast live on the company's investor relations website, with dial-in options available for those who wish to ask questions.
Black Stone Minerals (NYSE: BSM) reported its Q2 2024 financial results. Key highlights include:
- Mineral and royalty production of 38.2 MBoe/d
- Total production, including working-interest volumes, of 40.4 MBoe/d
- Net income of $68.3 million
- Adjusted EBITDA of $100.2 million
- Distributable cash flow of $92.5 million
- Announced distribution of $0.375 per unit
- Distribution coverage of 1.17x
- No outstanding debt at quarter-end
The company continued its strategic mineral and royalty interest acquisitions, totaling $26.5 million in Q2 2024. Black Stone maintains a strong financial position with $61 million in cash and no debt as of August 2, 2024.
Black Stone Minerals (NYSE: BSM) has announced its second quarter 2024 distribution and earnings call schedule. The company will maintain its quarterly cash distribution at $0.375 per common unit, payable on August 16, 2024, to unitholders of record on August 9, 2024. This distribution level remains unchanged from the first quarter of 2024.
BSM will release its second quarter 2024 results after market close on August 5, 2024, followed by an earnings conference call on August 6, 2024, at 9:00 a.m. Central time. The call will be broadcast live on the company's investor relations website, with dial-in options available for those wishing to ask questions.
Black Stone Minerals, L.P. (NYSE: BSM) reports financial results for Q1 2024, with production at 38.1 MBoe/d, net income of $63.9 million, and Adjusted EBITDA of $104.1 million. The company announced a distribution decrease of 21% for the quarter, with no outstanding debt and $89 million cash on hand. Black Stone focuses on capital discipline and strategic acquisitions to weather commodity price cycles.
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