Black Stone Minerals, L.P. Reports Third Quarter Results [Yahoo! Finance]
Black Stone Minerals, L.P. Common units representing limited partner interests (BSM)
NASDAQ:AMEX Investor Relations:
investor.blackstoneminerals.com
Company Research
Source: Yahoo! Finance
Financial and Operational Highlights Mineral 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 Commentary Thomas L. Carter, Jr., Black Stone Minerals' Chairman, Chief Executive Officer and President, commented, "We are pleased to announce another successful quarter with our distribution remaining consistent at $0.375, despite headwinds from the volatile commodity e
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News
- 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, 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, 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
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