Black Stone Minerals

Black Stone Minerals, L.P. Declares Distribution for Common Units and Schedules Earnings Call to Discuss First Quarter 2024 Results

Retrieved on: 
Wednesday, April 17, 2024
Chemicals, Plastics, Mining, Minerals, Oil, Gas, Manufacturing, Energy, Natural Resources, Black Stone, Natural gas, Partnership, BSM, Acquisition, Black Stone Minerals, ID

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.

Key Points: 
  • 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.
  • 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.
  • A conference call to discuss these results is scheduled for May 7, 2024 at 9:00 a.m. Central time (10:00 a.m. Eastern time).

Black Stone Minerals, L.P. Announced Participation in Upcoming Investor Relations Event

Retrieved on: 
Monday, March 25, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Black Stone Minerals, BSM, Cryptocurrency

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.

Key Points: 
  • 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.

Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2023 Results; Provides Guidance for 2024

Retrieved on: 
Tuesday, February 20, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, MMBTU, Mineral, Natural gas, Austin Chalk, Growth, Adjustment, BSM, Black Stone Minerals, Depression, Security (finance), Austin, Texas, JEA, Aethon

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.

Key Points: 
  • 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.
  • Total reported production averaged 41.1 MBoe/d (95% mineral and royalty, 73% natural gas) for the fourth quarter of 2023.
  • Black Stone reported oil and gas revenue of $132.6 million (60% oil and condensate) for the fourth quarter of 2023, a decrease of 1% from $134.5 million in the third quarter of 2023.
  • Following are the key assumptions in Black Stone Minerals’ 2024 guidance, as well as comparable results for 2023:

Black Stone Minerals, L.P. Maintains Fourth Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Fourth Quarter and Year-End 2023 Results

Retrieved on: 
Wednesday, January 31, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Black Stone Minerals, Partnership, BSM, ID, Cryptocurrency

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.

Key Points: 
  • 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.
  • 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.

Black Stone Minerals, L.P. Announces Shelby Trough Operational Update

Retrieved on: 
Friday, December 22, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, BSM, Black Stone Minerals, Black Stone, Agreement

Black Stone does not expect the invocation of the time-out to affect the approximately 30 Aethon wells in various stages of development.

Key Points: 
  • Black Stone does not expect the invocation of the time-out to affect the approximately 30 Aethon wells in various stages of development.
  • Black Stone and Aethon are in active discussions to determine the plan for the time-out.
  • Black Stone will continue to assess the effect of the notice but cannot currently estimate the longer-term effects of a protracted suspension without knowing how long drilling will be suspended.
  • Thomas L. Carter, Jr., the Company’s CEO, President, and Chairman, noted, “Aethon has been a great partner in our Shelby Trough development program.

Black Stone Minerals, L.P. Reports Third Quarter Results

Retrieved on: 
Monday, October 30, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, Austin Chalk, Gulf Coast of the United States, NYSE, BSM, EBITDA, G&A, Black Stone Minerals, Austin, Texas, Black Stone, Table, Natural gas, Coal, Video game, Arms industry, Self storage, Cryptocurrency, Clothing

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.

Key Points: 
  • 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.
  • Black Stone announced a distribution of $0.475 per unit with respect to the third quarter of 2023, representing an increase of 6% over the common distribution paid for the third quarter of 2022.
  • As a result, Black Stone was able to maintain its distribution at an annualized rate of $1.90 per unit with over 1.25x coverage for the quarter.
  • Black Stone reported oil and gas revenue of $134.5 million (64% oil and condensate) for the third quarter of 2023, an increase of 30% from $103.2 million in the second quarter of 2023.

Black Stone Minerals, L.P. Maintains Third Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 18, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, ID, NYSE, BSM, Partnership, Master limited partnership, Black Stone Minerals, Cryptocurrency

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.

Key Points: 
  • 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.
  • 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.

Black Stone Minerals, L.P. Reports Second Quarter Results

Retrieved on: 
Monday, July 31, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Austin Chalk, Black Stone Minerals, BSM, Black Stone, EBITDA, Natural gas, Austin, Texas, NYSE, Coal, Arms industry, Video game, Security (finance), Cryptocurrency

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 2023.

Key Points: 
  • 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 2023.
  • Black Stone announced a distribution of $0.475 per unit with respect to the second quarter of 2023, representing an increase of 13% over the common distribution paid for the second quarter of 2022.
  • Black Stone reported oil and gas revenue of $103.2 million (60% oil and condensate) for the second quarter of 2023, a decrease of 13% from $118.3 million in the first quarter of 2023.
  • Adjusted EBITDA for the second quarter of 2023 was $109.2 million, which compares to $109.9 million in the first quarter of 2023 and $112.8 million in the second quarter of 2022.

Black Stone Minerals, L.P. Maintains Second Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Second Quarter 2023 Results

Retrieved on: 
Tuesday, July 25, 2023
Oil, Gas, Energy, BSM, Partnership, Black Stone Minerals, NYSE, ID, Cryptocurrency

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 2023.

Key Points: 
  • 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 2023.
  • Additionally, the Partnership announced the date of its second quarter 2023 earnings call.
  • The Board of Directors of the general partner has approved a cash distribution for common units attributable to the second quarter of 2023 of $0.475 per unit.
  • The $0.475 per unit maintains the distribution level with the first quarter of 2023 and represents an increase of 13% over the common distribution paid with respect to the second quarter of 2022.

Black Stone Minerals and Longroad Energy Sign Exclusive, Multi-State Mineral Rights Agreement

Retrieved on: 
Tuesday, July 18, 2023
BSM, Black Stone Minerals, NYSE, Coal, Renewable energy, Black Stone

BOSTON, July 18, 2023 /PRNewswire/ -- Longroad Energy [Longroad], a U.S. based renewable energy developer, owner, and operator, and Black Stone Minerals, L.P. (NYSE:BSM) ["Black Stone Minerals," "Black Stone"], announced today a multi-year transaction to promote the development of renewable energy.

Key Points: 
  • BOSTON, July 18, 2023 /PRNewswire/ -- Longroad Energy [Longroad], a U.S. based renewable energy developer, owner, and operator, and Black Stone Minerals, L.P. (NYSE:BSM) ["Black Stone Minerals," "Black Stone"], announced today a multi-year transaction to promote the development of renewable energy.
  • The terms provide Longroad with exclusive access to several thousand Black Stone acres across 12 states for potential large-scale solar development while preserving Black Stone's ability to co-develop its mineral and subsurface rights.
  • This is a seminal agreement and first of its kind for both Black Stone and Longroad.
  • This is a seminal agreement and first of its kind for both Black Stone and Longroad.