As previously announced, the Board approved a cash distribution of $0.375 for each common unit attributable to the first quarter of 2024. The quarterly distribution coverage ratio attributable to the first quarter of 2024 was approximately 1.22x. The distribution will be paid on May 17, 2024 to unitholders of record as of the close of business on May 10, 2024. The Company reported a loss on commodity derivative instruments of $11.3 million for the first quarter of 2024, composed of a $13.8 million gain from ...

With the geopolitical winds churning, the concept of cheap energy stocks has become even more critical. Basically, the window of opportunity may be fading.One major problem of course is the situation in the Middle East. While tensions have cooled relative to Iran and Israel launching missiles against each other, there’s always a chance of a miscalculation. Not too far away, Russia’s invasion of Ukraine shows no sign of abatement. With Russia also owning vast energy resources, a global supply chain disruptio ...

Phra yor Jitonnom Black Stone Minerals, L.P. (NYSE:BSM) provided 2024 guidance including expectations of approximately 41,000 BOEPD (24% oil) in average production. This was higher than what I had previously expected for Black Stone in terms of 2024 production, although the oil cut is lower than what I had modeled in December 2023. Based on guidance, Black Stone is projected to generate $391 million in distributable cash flow (or $1.86 per common unit) during 2024 at current strip prices. This results i ...

Company Participants Carrie Clark - Senior Vice President, Land and Commercial Derrick Whitfield - Stifel Thank you. Good morning to everyone. Thank you for joining us either by phone or online for Black Stone Minerals fourth quarter and full year 2023 earnings conference call. Todayâs call is being recorded and will be available on our website along with the earnings release, which was issued last night. Good morning to everyone on the call, and thank you for joining us today to discuss our fourth quarter ...

For the quarter ended December 2023, Black Stone Minerals (BSM) reported revenue of $190.84 million, down 17.2% over the same period last year. EPS came in at $0.65, compared to $0.71 in the year-ago quarter.The reported revenue represents a surprise of +33.77% over the Zacks Consensus Estimate of $142.67 million. With the consensus EPS estimate being $0.50, the EPS surprise was +30.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

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 fourth quarter and full year of 2023 and provides guidance for 2024. Fourth Quarter 2023 Highlights Mineral and royalty production for the fourth quarter of 2023 equaled 38.9 MBoe/d, a decrease of 3% over the prior quarter; total production, including working interest volumes, was 41.1 MBoe/d for the quarter Net income for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number 001-37362 Black Stone Minerals, L.P. (Exact Name of Registrant As Specified in its charter) Delaware 47-1846692 (State o ...

Jamie Grill/The Image Bank via Getty Images Thesis Black Stone Minerals (NYSE:BSM) was handed a lump of coal for Christmas. On Christmas Eve, one of its largest natural gas producers, Aethon, announced that it was exercising a "time-out" clause in its drilling contracts with BSM in the Haynesville shale. In response, BSM announced that this would not meaningfully impact 2024 financials thanks to a pipeline of 30 wells that are already in progress. The company expects these wells will be completed on schedul ...

zhengzaishuru Black Stone Minerals, L.P. (NYSE:BSM) is an attractive energy royalty play. It is one of the largest owners and managers of oil and natural gas mineral interests in the United States. The company has a diversified asset base and long-lived and often non-cost-bearing mineral and royalty interests. BSM's interests are spread across 41 states in the continental U.S., encompassing major onshore producing basins and active resource plays. However, note that it is an MLP so you will get a K-1. I bel ...

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company,” or “the Partnership”) today declared the distribution attributable to the fourth quarter of 2023. Additionally, the Partnership announced the date of its fourth quarter and full-year 2023 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the fourth quarter of 2023 of $0.475 per unit. The $0.475 per unit maint ...