Black Stone Minerals, L.P. Reports Second Quarter Results
Black Stone Minerals, L.P. Common units representing limited partner interests (BSM)
NASDAQ:AMEX Investor Relations:
investor.blackstoneminerals.com
Company Research
Source: Business Wire
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 HighlightsMineral 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 quarter totaled $100.2 million.Distributable cash flow was $92.5 million for the second quarter.Black Stone announced a distribution of $0.375 per unit with respect to the second quarter of 2024. Distribution coverage for all units was 1.17x.No debt was outstanding at the end of the second quarter; as of August 2, 2024, total debt remained at zero with approximately $61 million of cash on hand.Management CommentaryThomas L. Carter, Jr., Black Stone Minerals’ Chairman, Chief Executive Officer and Pr
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News
- Black Stone Minerals, L.P. (NYSE: BSM) had its price target lowered by analysts at Piper Sandler from $17.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Black Stone Minerals, L.P. (NYSE: BSM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Black Stone Minerals, L.P. Maintains First Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Second Quarter 2024 ResultsBusiness Wire
- Black Stone Minerals, L.P. (NYSE: BSM) is now covered by analysts at KeyCorp. They set a "sector weight" rating on the stock.MarketBeat
BSM
Earnings
- 8/5/24 - Miss
BSM
Sec Filings
- 9/9/24 - Form 4
- 8/26/24 - Form 4
- 8/26/24 - Form 144
- BSM's page on the SEC website