Black Stone Minerals LPNYSE: BSM

In recent years, many conservative investors relying on fixed-income securities for their income needs have found their buying power cut anywhere from 15% to over 100% on some items, due to inflation.

Black Stone Minerals exceeded EBITDA expectations and reduced distributions by 22%, in line with our projections. The coverage ratio is now at 1.22x and the yield stands at 9%. Healthcare Realty outperformed AFFO per share estimates by 1 cent and disclosed a partnership with KKR, selling 80% of assets for $300 million.

Given the changing geopolitical landscape, the importance of investing in affordable energy stocks has increased. The opportunity to do so may be diminishing.

Houston-- Black Stone Minerals, L.P. (NYSE: BSM) announced today the distribution for the first quarter of 2024. The Board of Directors has approved a cash distribution of $0.375 per common unit. The Partnership also revealed the date of its first quarter 2024 earnings call.

Black Stone Minerals, L.P. expects 3% total production growth in 2024, although with lower oil production. This is despite Aethon's decision to reduce near-term Shelby Trough drilling, although that decision may affect 2025 production more. Completion of Aethon's DUCs will minimize the 2024 impact.

Black Stone Minerals, L.P. (BSM) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Black Stone Minerals (BSM) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Black Stone Minerals And The Hard Truth Behind The Aethon 'Time-Out'

Black Stone Minerals is a large owner and manager of oil and natural gas mineral interests in the US. The company's earnings are arguably more predictable than energy producers as they have a relatively small cost base and no leverage currently. BSM's valuation suggests it is attractively priced as a debt-free royalty play on US energy.