Black Stone Minerals, L.P. Reports First Quarter Results
Black Stone Minerals, L.P. Common units representing limited partner interests (BSM)
NASDAQ:AMEX Investor Relations:
investor.blackstoneminerals.com
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--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 HighlightsMineral 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 quarter of 2024, representing a decrease of 21% from the common distribution paid for the fourth quarter of 2023. Distribution coverage for all units was 1.22x.No outstanding debt at the end of the first quarter; as of May 3, 2024, total debt remained at zero with approximately $89 milli
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News
- Black Stone Minerals, L.P. (NYSE:BSM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- 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
BSM
Earnings
- 5/6/24 - Miss
BSM
Sec Filings
- 5/17/24 - Form EFFECT
- 5/8/24 - Form S-3/A
- 5/7/24 - Form 10-Q
- BSM's page on the SEC website