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 (NYSE: BSM) reported Q4 2025 and full-year results and provided 2026 guidance. Q4 net income was $72.2 million, Adjusted EBITDA was $76.7 million, and Distributable Cash Flow was $66.8 million. The board approved a $0.30 quarterly distribution (coverage ~1.05x).
Full-year 2025: net income $299.9 million, Adjusted EBITDA $337.4 million, mineral & royalty production averaged 33.3 MBoe/d (down 9% YoY), proved reserves 54.8 MMBoe (−4%). 2026 guidance expects flat full-year royalty production and increased activity through the Shelby Trough and Permian projects.
Black Stone Minerals (NYSE: BSM) declared a $0.30 per common unit cash distribution for Q4 2025, unchanged from the prior quarter. The distribution is payable February 25, 2026, to unitholders of record on February 18, 2026.
The Partnership will release Q4 and full-year 2025 results after market close on February 23, 2026, and hold an earnings call on February 24, 2026, at 9:00 a.m. CT (10:00 a.m. ET). The call will be webcast in listen-only mode on the investor relations website; domestic dial-in (800) 715-9871, international (646) 307-1963, conference ID 8003975. A replay will be available about two hours after the call.
Black Stone Minerals (NYSE: BSM) entered a 220,000 gross acre multi-year development agreement with an affiliate of Caturus Energy in the Shelby Trough and Haynesville Expansion on December 3, 2025. The program allows Caturus to escalate drilling over six years, beginning with ~2 gross (0.2 net) wells in 2026 and ramping to ~12 gross (0.8 net) wells annually by year six, supported by minimum annual lateral-foot requirements.
BSM currently manages ~40,000 undeveloped net acres in the contract area, has line of sight to additional acquisitions, and notes over 200,000 net acres covered by announced development agreements—an estimated 20 years of Haynesville/Bossier drilling inventory. Caturus, controlled by Kimmeridge, will operate the program.
Black Stone Minerals (NYSE: BSM) reported third quarter 2025 results with mineral and royalty production of 34.7 MBoe/d (36.3 MBoe/d total) and net income of $91.7M. Adjusted EBITDA was $86.3M and distributable cash flow was $76.8M. The Board approved a $0.30/unit quarterly distribution with coverage 1.21x. Total debt was $95.0M at quarter-end and $73.0M as of Oct 31, 2025; cash was ~$3.6M at Oct 31. The credit facility maturity was extended to Oct 31, 2030 with borrowing base reaffirmed at $580M. Management succession is effective Jan 1, 2026 with co-CEOs Fowler Carter and Taylor DeWalch and Chris Bonner promoted to CFO.
Black Stone Minerals (NYSE: BSM) declared a cash distribution of $0.30 per common unit attributable to the third quarter of 2025, consistent with the prior quarter. Distributions are payable on November 13, 2025 to unitholders of record on November 6, 2025. The Partnership will release third quarter 2025 results after market close on November 3, 2025, with an earnings conference call scheduled for November 4, 2025 at 9:00 a.m. Central time (10:00 a.m. ET). The call will be broadcast live in listen-only mode on BSM’s investor relations website and will offer a replay approximately two hours after the call.
Black Stone Minerals (NYSE: BSM) has announced an upcoming investor presentation and conference call scheduled for Wednesday, September 17, 2025, at 9:00 a.m. Central Time. The presentation will focus on the Partnership's strategic initiatives and outlook.
Participants can access the live broadcast through BSM's investor relations website, while analysts and investors planning to ask questions should dial in using specific numbers for domestic and international participation. The presentation materials will be available before the call, and a replay will be accessible through the company's investor relations website approximately two hours after the event.
Ellipsis U.S. Onshore Holdings has announced two major transactions expanding its non-operated portfolio in key U.S. basins. The first transaction involves acquiring Permian Basin assets with 4,000 barrels of oil equivalent daily production and over 600 gross drilling locations. Post-acquisition, Ellipsis will control 8,200 net acres in the Northern Delaware Basin with expected daily production of 20,000 barrels for 2025.
The second transaction is a Farmout Agreement with Black Stone Minerals (NYSE: BSM) covering 270,000 gross acres in East Texas. The agreement includes rights to earn interests in BSM's Haynesville acreage, comprising 100,000 undeveloped net acres. The commitment structure spans five years, starting with 6 wells in 2026 and scaling to 25 wells annually by year five.
Black Stone Minerals (NYSE: BSM) reported its Q2 2025 financial results with net income of $120.0 million and Adjusted EBITDA of $84.2 million. The company's mineral and royalty production decreased 3% to 33.2 MBoe/d from the previous quarter, with total production at 34.6 MBoe/d.
The Partnership announced a quarterly distribution of $0.30 per unit, representing a 20% decrease from the prior quarter, with a distribution coverage ratio of 1.18x. BSM has signed a significant development agreement with Revenant Energy covering 270,000 gross acres and is marketing an additional 180,000 gross acre opportunity.
Due to lower production, BSM revised its 2025 guidance to 33-35 MBoe/d, down from the previous 38-41 MBoe/d range. The company completed $31.2 million in acquisitions during Q2 2025, bringing total acquisitions since September 2023 to $172.3 million.
Black Stone Minerals (NYSE: BSM) has declared a quarterly cash distribution of $0.30 per common unit for Q2 2025, payable on August 14, 2025, to unitholders of record on August 7, 2025. The distribution reduction is attributed to slower-than-expected natural gas production growth, particularly in the Haynesville/Bossier play.
The Partnership expects a distribution coverage ratio of approximately 1.18x for Q2 2025 and plans to use excess cash for strategic mineral acquisitions. BSM emphasizes its commitment to long-term growth strategy, particularly through development agreements in Shelby Trough, and maintains optimism about natural gas demand growth, especially for LNG.
BSM will release Q2 2025 results after market close on August 4, 2025, followed by an earnings conference call on August 5, 2025, at 9:00 a.m. Central time.
Black Stone Minerals (NYSE: BSM) has announced two significant developments in its Shelby Trough operations. The company has entered into a new development agreement with Revenant Energy covering approximately 270,000 gross acres and 95,000 net undeveloped acres across multiple Texas counties. The agreement includes escalating annual well commitments, starting with 6 wells in 2026 and increasing to 25 wells per year.
Additionally, BSM has amended its existing agreements with Aethon Energy, reducing the contract area to 210,000 gross acres. Aethon will release over 50,000 gross acres back to BSM in exchange for reducing the annual well commitment to 16 wells across both Joint Exploration Agreements (JEAs). The released acreage is expected to be placed under another development agreement to further enhance activity in the Shelby Trough.