Black Stone Minerals: A Distribution Cut Is Coming [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
With Aethon taking a drilling pause, 2025 production is likely to decline. With favorable hedges rolling off, a distribution cut will be coming this year barring a natural gas price rally. I've written about Black Stone Minerals ( NYSE: BSM ) a few times. I was initially bullish on the stock last February given its valuation and the roll-off of unfavorable hedge into more favorable hedges in 2023, before switching to a neutral stance on the name in May due to a decline in rig activity in the Haynesville. In August, I wrote that a distribution cut looked likely in 2024, although I felt better in earlier November after natural gas future prices rebounded and the company saw solid production in Q3. Let's catch up on the name following its Q4 earnings report. Company Profile As a refresher, BSM is a mineral interest holder. It leases land to energy producers to drill, and in return, it that gets a percentage of the production or revenue from the energy produced. It normally gets
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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
- 4/15/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- BSM's page on the SEC website