Black Stone Minerals And The Hard Truth Behind The Aethon 'Time-Out' [Seeking Alpha]
Black Stone Minerals, L.P. Common units representing limited partner interests (BSM)
NASDAQ:AMEX Investor Relations:
investor.blackstoneminerals.com
Company Research
Source: Seeking Alpha
The characteristics of Haynesville wells show an exponential decline in production rates, which could impact BSM's revenue. Black Stone Minerals' financial strength and revenue from oil and condensate sales provide some cushion, but a distribution cut is possible if replacement activity is not found. Thus far, management has stated that this will not impact 2024 results but has not addressed how it will make up this production starting in 2025. 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 schedule regardless of the time-out. While BSM is technically correct that
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High impacting Black Stone Minerals, L.P. Common units representing limited partner interests news events
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News
- Black Stone Minerals, L.P. Declares Distribution for Common Units and Schedules Earnings Call to Discuss First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Black Stone Minerals, L.P. Declares Distribution for Common Units and Schedules Earnings Call to Discuss First Quarter 2024 ResultsBusiness Wire
- Black Stone Minerals, L.P. Announced Participation in Upcoming Investor Relations Event [Yahoo! Finance]Yahoo! Finance
- Black Stone Minerals, L.P. Announced Participation in Upcoming Investor Relations EventBusiness Wire
- Black Stone Minerals: 2024 Distribution Coverage Projected At Near 1.0x [Seeking Alpha]Seeking Alpha
BSM
Earnings
- 2/19/24 - Beat
BSM
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- BSM's page on the SEC website