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, 2020, the company had a total estimated proved oil and natural gas reserves of 55,987 barrels of oil equivalent. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.
IPO Year: 2015
Exchange: NYSE
Website: blackstoneminerals.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2023 | Outperform → Mkt Perform | Raymond James | |
| 3/7/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 2/6/2023 | Strong Buy → Outperform | Raymond James | |
| 9/20/2022 | $22.00 | Overweight | KeyBanc Capital Markets |
| 3/10/2022 | $11.00 → $13.00 | Neutral | Piper Sandler |
| 1/26/2022 | $11.00 | Neutral | Piper Sandler |
| 12/13/2021 | $17.00 → $16.00 | Strong Buy | Raymond James |
| 9/3/2021 | $11.00 → $13.00 | Equal Weight → Overweight | Wells Fargo |
| 9/2/2021 | $16.00 → $17.00 | Strong Buy | Raymond James |
| 7/27/2021 | $15.00 → $16.00 | Strong Buy | Raymond James |
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 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
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," "the Company," or "the Partnership") today declared the distribution attributable to the third quarter of 2024 and announced the date of its third-quarter earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution of $0.375 per common unit attributable to the third quarter of 2024, consistent with the prior quarter. Distributions will be payable on November 15, 2024, to unitholders of record on November 8, 2024. Earnings Conference Call The Partnership is scheduled to release details regarding its results for the third quarter after the close of trading on November 4, 2024
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the second quarter of 2024. Financial and Operational Highlights Mineral and royalty production for the second quarter of 2024 equaled 38.2 MBoe/d; total production, including working-interest volumes, was 40.4 MBoe/d for the quarter. Net income for the second quarter was $68.3 million, and Adjusted EBITDA for the quarter totaled $100.2 million. Distributable cash flow was $92.5 million for the second quarter. Black Stone announced a distribution of $0.375 per unit with respect to the second quarter of 2024. Distribution covera
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today declared the distribution attributable to the second quarter of 2024. Additionally, the Partnership announced the date of its second quarter earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the second quarter of 2024 of $0.375 per unit. The $0.375 per unit maintains the distribution level with the first quarter of 2024. Distributions will be payable on August 16, 2024 to unitholders of record on August 9, 2024. Earnings Conference Call The Partnership is scheduled to release details r
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2024. Financial and Operational Highlights Mineral and royalty production for the first quarter of 2024 equaled 38.1 MBoe/d, a decrease of 2% from the prior quarter; total production, including working-interest volumes, was 40.3 MBoe/d for the quarter. Net income for the first quarter was $63.9 million, and Adjusted EBITDA for the quarter totaled $104.1 million. Distributable cash flow was $96.4 million for the first quarter. Black Stone announced a distribution of $0.375 per unit with respect to the first
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today declared the distribution attributable to the first quarter of 2024. Additionally, the Partnership announced the date of its first quarter 2024 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the first quarter of 2024 of $0.375 per unit. Distributions will be payable on May 17, 2024 to unitholders of record on May 10, 2024. The distribution reduction primarily results from continuing pressure on natural gas prices, which the Company expects to lead to production curtailments and delays
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today announced its participation in an upcoming investor relations event. Members of management will be participating in the following: KeyBanc Capital Markets Minerals Spotlight – March 26, 2024 Management will conduct virtual meetings with investors at this conference. Updated presentation materials will be made available in the Investor Relations section of the Black Stone Minerals website prior to the event. About Black Stone Minerals, L.P. Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Company owns mineral int
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 the quarter was $147.6 million. Adjusted EBITDA for the quarter totaled $125.5 million Distributable cash flow was $119.1 million for the fourth quarter, which represents a 4% decrease relative to the third
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 maintains the distribution level with the third quarter of 2023. Distributions will be payable on February 23, 2024 to unitholders of record on February 16, 2024. Earnings Conference Call The Partnership is schedu
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," or "the Company") today announced that it had received notice that Aethon Energy ("Aethon") was exercising the "time-out" provisions under its joint exploration agreements with the Company in Angelina and San Augustine counties in East Texas (the "Agreements"). When natural-gas prices fall below specified thresholds, those provisions allow Aethon to temporarily suspend its drilling obligations for up to 9 consecutive months and a maximum of 18 total months in any 48-month period. Aethon has not invoked the time-out provisions under the Agreements before now and has not indicated how long it expects to suspend its obligations under
SC 13G/A - Black Stone Minerals, L.P. (0001621434) (Subject)
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 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
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," "the Company," or "the Partnership") today declared the distribution attributable to the third quarter of 2024 and announced the date of its third-quarter earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution of $0.375 per common unit attributable to the third quarter of 2024, consistent with the prior quarter. Distributions will be payable on November 15, 2024, to unitholders of record on November 8, 2024. Earnings Conference Call The Partnership is scheduled to release details regarding its results for the third quarter after the close of trading on November 4, 2024
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the second quarter of 2024. Financial and Operational Highlights Mineral and royalty production for the second quarter of 2024 equaled 38.2 MBoe/d; total production, including working-interest volumes, was 40.4 MBoe/d for the quarter. Net income for the second quarter was $68.3 million, and Adjusted EBITDA for the quarter totaled $100.2 million. Distributable cash flow was $92.5 million for the second quarter. Black Stone announced a distribution of $0.375 per unit with respect to the second quarter of 2024. Distribution covera
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today declared the distribution attributable to the second quarter of 2024. Additionally, the Partnership announced the date of its second quarter earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the second quarter of 2024 of $0.375 per unit. The $0.375 per unit maintains the distribution level with the first quarter of 2024. Distributions will be payable on August 16, 2024 to unitholders of record on August 9, 2024. Earnings Conference Call The Partnership is scheduled to release details r
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2024. Financial and Operational Highlights Mineral and royalty production for the first quarter of 2024 equaled 38.1 MBoe/d, a decrease of 2% from the prior quarter; total production, including working-interest volumes, was 40.3 MBoe/d for the quarter. Net income for the first quarter was $63.9 million, and Adjusted EBITDA for the quarter totaled $104.1 million. Distributable cash flow was $96.4 million for the first quarter. Black Stone announced a distribution of $0.375 per unit with respect to the first
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today declared the distribution attributable to the first quarter of 2024. Additionally, the Partnership announced the date of its first quarter 2024 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the first quarter of 2024 of $0.375 per unit. Distributions will be payable on May 17, 2024 to unitholders of record on May 10, 2024. The distribution reduction primarily results from continuing pressure on natural gas prices, which the Company expects to lead to production curtailments and delays
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 the quarter was $147.6 million. Adjusted EBITDA for the quarter totaled $125.5 million Distributable cash flow was $119.1 million for the fourth quarter, which represents a 4% decrease relative to the third
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 maintains the distribution level with the third quarter of 2023. Distributions will be payable on February 23, 2024 to unitholders of record on February 16, 2024. Earnings Conference Call The Partnership is schedu
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 2023. Financial and Operational Highlights Mineral and royalty production for the third quarter of 2023 equaled 40.3 MBoe/d, an increase of 20% over the prior quarter; total production, including working-interest volumes, was 42.6 MBoe/d for the quarter. Net income for the third quarter was $62.1 million. Adjusted EBITDA for the quarter totaled $130.0 million. Distributable cash flow was $124.4 million for the third quarter, making the sixth consecutive quarter above $100 million. Black Stone announced a di
Black Stone Minerals, L.P. (NYSE:BSM) ("Black Stone," "BSM," "the Company", or "the Partnership") today declared the distribution attributable to the third quarter of 2023. Additionally, the Partnership announced the date of its third quarter 2023 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the third quarter of 2023 of $0.475 per unit. The $0.475 per unit maintains the distribution level with the second quarter of 2023. Distributions will be payable on November 16, 2023 to unitholders of record on November 9, 2023. Earnings Conference Call The Partnership is scheduled to release de
Raymond James downgraded Black Stone Minerals from Outperform to Mkt Perform
KeyBanc Capital Markets downgraded Black Stone Minerals from Overweight to Sector Weight
Raymond James downgraded Black Stone Minerals from Strong Buy to Outperform
KeyBanc Capital Markets initiated coverage of Black Stone Minerals with a rating of Overweight and set a new price target of $22.00
Piper Sandler reiterated coverage of Black Stone Minerals with a rating of Neutral and set a new price target of $13.00 from $11.00 previously
Piper Sandler resumed coverage of Black Stone Minerals with a rating of Neutral and set a new price target of $11.00
Raymond James reiterated coverage of Black Stone Minerals with a rating of Strong Buy and set a new price target of $16.00 from $17.00 previously
Wells Fargo upgraded Black Stone Minerals from Equal Weight to Overweight and set a new price target of $13.00 from $11.00 previously
Raymond James reiterated coverage of Black Stone Minerals with a rating of Strong Buy and set a new price target of $17.00 from $16.00 previously
Raymond James reiterated coverage of Black Stone Minerals with a rating of Strong Buy and set a new price target of $16.00 from $15.00 previously
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
Keybanc analyst Tim Rezvan initiates coverage on Black Stone Minerals (NYSE:BSM) with a Sector Weight rating.
Black Stone Minerals (NYSE:BSM) reported quarterly earnings of $0.27 per share which missed the analyst consensus estimate of $0.35 by 22.86 percent. The company reported quarterly sales of $105.493 million which missed the analyst consensus estimate of $120.341 million by 12.34 percent. This is a 39.57 percent decrease over sales of $174.578 million the same period last year.
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the energy sector: Peabody Energy (NYSE:BTU) - P/E: 5.23 SilverBow Resources (NYSE:SBOW) - P/E: 2.43 Marathon Oil (NYSE:MRO) - P/E: 9.58 Euronav (NYSE:EURN) - P/E: 4.17 Black Stone Minerals (NYSE:BSM) - P/E: 8.21 This quarter, Peabody Energy experienced an increase in earnings per share, which was $0.82 in Q3 and is now $1.33. Its most
Piper Sandler analyst Mark Lear maintains Black Stone Minerals (NYSE:BSM) with a Neutral and raises the price target from $16 to $17.
Black Stone expects royalty production to increase by approximately 4% in 2024 relative to full year 2023 levels, primarily due to Aethon turning on-line the 24 wells in various stages of development in the Shelby Trough and continued development in the Austin Chalk. This is partially offset by an expected moderation of activity in Louisiana Haynesville due to lower commodity prices. Working interest production is expected to decline in 2024 as a result of Black Stone's decision in 2017 to farm out participation in its working interest opportunities. The Partnership expects general and administrative expenses to be slightly higher in 2024 as a result of inflationary costs and selective hir
Black Stone Minerals (NYSE:BSM) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.49 by 32.65 percent. This is a 20.73 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $190.84 million which beat the analyst consensus estimate of $137.96 million by 38.33 percent. This is a 17.16 percent decrease over sales of $230.38 million the same period last year.
Black Stone Minerals (NYSE:BSM) is set to give its latest quarterly earnings report on Monday, 2024-02-19. Here's what investors need to know before the announcement. Analysts estimate that Black Stone Minerals will report an earnings per share (EPS) of $0.49. Black Stone Minerals bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.18, which was followed by a 1.58%
Piper Sandler analyst Mark Lear maintains Black Stone Minerals (NYSE:BSM) with a Neutral and lowers the price target from $17 to $16.
Stifel analyst Derrick Whitfield maintains Black Stone Minerals (NYSE:BSM) with a Buy and lowers the price target from $21 to $20.
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
4 - Black Stone Minerals, L.P. (0001621434) (Issuer)
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