Black Stone Minerals beats top-line and bottom-line estimates; initiates FY24 outlook [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
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. 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 quarter of 2023, making the seventh consecutive quarter above $100 million. Total debt at the end of the quarter was zero; as of February 16, 2024, total debt remained at zero with $102.9 million of cash. Black Stone Minerals reported mineral and royalty volumes of 38.9 MBoe/d (95% natural gas) for the fourth quarter of 2023, compared to 40.3 MBoe/d for the third quarter of 2023. Total reported production averaged 41.1 MBoe/d (95% mineral and royalty, 73% natural gas) for the fourth quarter of 2023. Average total production was 42.6 MBoe/d and 42.1 MBoe/d for the quarters ended September 30,
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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