Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
30 April 2015Next earnings report:
31 July 2024Last dividends:
09 May 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 19:07:30 GMTAnalysts recommendations
Institutional Ownership
BSM Latest News
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.
The headline numbers for Black Stone Minerals (BSM) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Robust oil realizations and production are likely to have boosted Black Stone Minerals' (BSM) profit levels in the third quarter.
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What type of business is Black Stone Minerals LP?
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2021, the company had a total estimated proved oil and natural gas reserves of 59,824 barrels of oil equivalent. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.
What sector is Black Stone Minerals LP in?
Black Stone Minerals LP is in the Energy sector
What industry is Black Stone Minerals LP in?
Black Stone Minerals LP is in the Oil & Gas Equipment & Services industry
What country is Black Stone Minerals LP from?
Black Stone Minerals LP is headquartered in United States
When did Black Stone Minerals LP go public?
Black Stone Minerals LP initial public offering (IPO) was on 30 April 2015
What is Black Stone Minerals LP website?
https://www.blackstoneminerals.com
Is Black Stone Minerals LP in the S&P 500?
No, Black Stone Minerals LP is not included in the S&P 500 index
Is Black Stone Minerals LP in the NASDAQ 100?
No, Black Stone Minerals LP is not included in the NASDAQ 100 index
Is Black Stone Minerals LP in the Dow Jones?
No, Black Stone Minerals LP is not included in the Dow Jones index
When does Black Stone Minerals LP report earnings?
The next expected earnings date for Black Stone Minerals LP is 31 July 2024