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. (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 strong financial results for Q3 2022, with mineral and royalty production increasing by 23% to 37.3 MBoe/d. Net income rose to $168.5 million, while adjusted EBITDA reached a record $123.1 million, up 9% quarter-over-quarter. The company announced a distribution of $0.45 per unit, a 7% increase from the previous quarter, supported by a distribution coverage of 1.24x. Total debt was significantly reduced to $19 million post-quarter. The production outlook for 2022 has been revised upwards, with expectations to meet or exceed the midpoint of original guidance.
Black Stone Minerals, L.P. (NYSE: BSM) announced a cash distribution for common units of $0.45 per unit for Q3 2022, marking a 7% increase compared to the previous quarter and an 80% increase from Q3 2021. This is the fourth consecutive quarterly increase. The distribution is payable on November 17, 2022, to unitholders of record as of November 10, 2022. The company will release its Q3 earnings on October 31, 2022, followed by an earnings call on November 1, 2022.
Black Stone Minerals, L.P. (NYSE: BSM) has made its 2021 Schedule K-3 available online for unitholders with specific international tax reporting needs. The Schedule K-3 provides essential information for foreign unitholders and those calculating foreign tax credits. Unitholders can access the form at www.taxpackagesupport.com/BSM or request an electronic copy via phone. Black Stone Minerals is a leading owner of oil and natural gas mineral interests in the U.S., spanning 41 states, with a focus on delivering stable cash flow to unitholders.
Black Stone Minerals reported a strong financial performance for Q2 2022, with net income of $131.8 million, up from a net loss of $7 million in Q1 2022. Adjusted EBITDA reached a record $112.8 million, marking a 14% increase from the previous quarter. The company announced a cash distribution of $0.42 per unit, a 5% increase compared to Q1 2022. Total production was 33.5 MBoe/d, while mineral and royalty production was 30.3 MBoe/d, a 2% rise. As of July 29, 2022, total debt decreased to $54 million, with a solid coverage ratio of 1.21x.
Black Stone Minerals, L.P. (NYSE: BSM) has declared a cash distribution of $0.42 per common unit for the second quarter of 2022, marking a 5% increase from the prior quarter and a significant 68% increase year-over-year. The distribution will be paid on August 19, 2022, to unitholders of record as of August 12, 2022. The company will release its second quarter results after market close on August 1, 2022, with a conference call scheduled for August 2, 2022, at 9:00 a.m. Central time.
Black Stone Minerals reported a 16% decline in mineral and royalty production for Q1 2022, averaging 29.6 MBoe/d, despite a 27% increase in adjusted EBITDA of $98.8 million. The company recorded a $7 million net loss, contrasting sharply with a net income of $134.2 million in the prior quarter. Distributable cash flow rose by 30% to $92.6 million, resulting in a 48% increase in distributions to $0.40 per unit. Total debt decreased to $44 million, maintaining a favorable 0.2x debt-to-EBITDA ratio.
Black Stone Minerals, L.P. (NYSE: BSM) declared a cash distribution of
Black Stone Minerals (NYSE: BSM) reported strong financial and operational results for Q4 and full year 2021. Q4 mineral and royalty production increased by 7% to 35.2 MBoe/d. Net income was $134.2 million, significantly up from prior quarters. Full year revenue was $182 million, driven by increased realized prices, averaging $44.12 per Boe. The company reduced debt by $32 million and raised cash distributions by 70% from the previous year. Guidance for 2022 indicates stable production with a slight decline in working interest production due to past strategic decisions.
Black Stone Minerals, L.P. (NYSE: BSM) has declared a cash distribution of
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.
FAQ
What is the current stock price of Black Stone Minerals, L.P. (BSM)?
What is the market cap of Black Stone Minerals, L.P. (BSM)?
What is Black Stone Minerals, L.P.?
Where is Black Stone Minerals headquartered?
What are the core business activities of Black Stone Minerals?
How does Black Stone Minerals maximize the value of its assets?
What is the primary business objective of Black Stone Minerals?
How large is Black Stone Minerals' asset base?
What recent achievements has Black Stone Minerals made?
How does Black Stone Minerals approach partnerships?
What are the financial goals of Black Stone Minerals?
How does Black Stone Minerals encourage drilling activity?
