Black Stone Minerals, L.P. Reports Third 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 third quarter of 2024.Financial and Operational HighlightsMineral 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 totaled $86.4 million.Distributable cash flow was $78.6 million for the third quarter.Black Stone announced a distribution of $0.375 per unit with respect to the third quarter of 2024. Distribution coverage for all units was approximately 1.00x.No debt was outstanding at the end of the third quarter; as of November 1, 2024, total debt remained at zero with approximately $42.8 million of cash on hand.Management CommentaryThomas L. Carter, Jr., Black Stone Minerals’ Chairman, Chief Executive Off
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News
- Black Stone Minerals, L.P. (NYSE: BSM) had its price target lowered by analysts at Piper Sandler from $15.00 to $14.00. 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. (NYSE: BSM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Black Stone Minerals LP (BSM) Q3 2024 Earnings Call Highlights: Strong Financial Performance ... [Yahoo! Finance]Yahoo! Finance
- Black Stone Minerals, L.P. Reports Third Quarter Results [Yahoo! Finance]Yahoo! Finance
BSM
Earnings
- 11/4/24 - Beat
BSM
Sec Filings
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/8/24 - Form 4
- BSM's page on the SEC website