Black Stone Minerals

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.

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

Retrieved on: 
Monday, May 1, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Table, Austin Chalk, Black Stone Minerals, BSM, Black Stone, EBITDA, Natural gas, Growth, Austin, Texas, NYSE, Coal, Video game, Arms industry, 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 first 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 first quarter of 2023.
  • Adjusted EBITDA for the quarter totaled $109.9 million, a decrease of 17% over the prior quarter.
  • Distributable cash flow was $104.1 million for the first quarter, a decrease of 17% relative to the fourth quarter of 2022.
  • Black Stone reported oil and gas revenue of $118.3 million (51% oil and condensate) for the first quarter of 2023, a decrease of 40% from $196.2 million in the fourth quarter of 2022.

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

Retrieved on: 
Wednesday, April 19, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, BSM, Partnership, Black Stone Minerals, NYSE, ID, Video game

Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today declared the distribution attributable to the first quarter of 2023.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today declared the distribution attributable to the first quarter of 2023.
  • Additionally, the Partnership announced the date of its first quarter 2023 earnings call.
  • The Board of Directors of the general partner has approved a cash distribution for common units attributable to the first quarter of 2023 of $0.475 per unit.
  • The Partnership is scheduled to release details regarding its results for the first quarter of 2023 after the close of trading on May 1, 2023.

Black Stone Minerals, L.P. Announces Record Fourth Quarter and Full Year 2022 Results; Provides Guidance for 2023

Retrieved on: 
Tuesday, February 21, 2023
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Newton, Black Stone Minerals, Natural gas, EBITDA, Aethon, BSM, NYSE, Security (finance), Growth, Total, Commonwealth Associates, Inc., Sewell, MMBTU, Mineral, Boe, Adjustment, Coal, Video game, Bookkeeping, Cryptocurrency, Petroleum, Black Stone

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 2022 and provides guidance for 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 fourth quarter and full year of 2022 and provides guidance for 2023.
  • Black Stone reported oil and gas revenue of $196.2 million (44% oil and condensate) for the fourth quarter of 2022, a decrease of 10% from $218.0 million in the third quarter of 2022.
  • Adjusted EBITDA for the fourth quarter of 2022 was $131.7 million, which compares to $123.1 million in the third quarter of 2022 and $77.6 million in the fourth quarter of 2021.
  • Following are the key assumptions in Black Stone Minerals’ 2023 guidance, as well as comparable results for 2022:

Black Stone Minerals, L.P. Announces Further Distribution Increase and Schedules Earnings Call to Discuss Fourth Quarter and Full-Year 2022 Results

Retrieved on: 
Wednesday, February 1, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, ID, Black Stone Minerals, NYSE, Partnership, BSM, Video game, Cryptocurrency

Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today declared the distribution attributable to the fourth quarter of 2022.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today declared the distribution attributable to the fourth quarter of 2022.
  • Additionally, the Partnership announced the date of its fourth quarter and full-year 2022 earnings call.
  • The Board of Directors of the general partner has approved a cash distribution for common units attributable to the third quarter of 2022 of $0.475 per unit.
  • The Partnership is scheduled to release details regarding its results for the fourth quarter and full-year 2022 results after the close of trading on February 21, 2023.

Black Stone Minerals, L.P. Announces Leadership Change

Retrieved on: 
Wednesday, January 18, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, COVID-19, Black Stone Minerals, Interim, Professional, Treasurer, NYSE, BSM, Management

Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today announced that Jeff Wood, the President, Chief Financial Officer, and Treasurer of Black Stone’s general partner, will leave the company effective February 28, 2023.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today announced that Jeff Wood, the President, Chief Financial Officer, and Treasurer of Black Stone’s general partner, will leave the company effective February 28, 2023.
  • Upon Mr. Wood’s departure, Evan Kiefer, who currently serves as Vice President, Finance and Investor Relations, will assume the role of Interim Chief Financial Officer and Treasurer.
  • Thomas L. Carter, Jr., Black Stone’s Chief Executive Officer and Chairman commented, “Jeff has been an integral part of our management team and our success as a public company since he joined us in 2016, shortly after our initial public offering.
  • He has brought a high level of professionalism to our organization and helped to navigate us through some difficult times, including Covid and the accompanying downturn in the commodity markets.” Mr. Carter concluded, “On behalf of Black Stone’s Board and senior management team, I want to thank Jeff for his contributions to the Company, which is today in one of the strongest financial positions in its history.”

Black Stone Minerals, L.P. Announces Further Distribution Increase and Schedules Earnings Call to Discuss Third Quarter 2022 Results

Retrieved on: 
Wednesday, October 19, 2022
Energy, Natural Resources, Mining, Minerals, Oil, Gas, NYSE, Board of directors, Treasury regulations, Company, Central, Income, ID, Black Stone Minerals, BSM, Partnership, Board, Black Stone, Security (finance)

Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone, BSM, or the Company) today declared the distribution attributable to the third quarter of 2022.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone, BSM, or the Company) today declared the distribution attributable to the third quarter of 2022.
  • The $0.45 per unit represents an increase of 7% over the common distribution paid with respect to the prior quarter and an increase of 80% over the common distribution paid with respect to the third quarter of 2021.
  • The Partnership is scheduled to release details regarding its results for the third quarter 2022 after the close of trading on October 31, 2022.
  • A conference call to discuss these results is scheduled for November 1, 2022 at 9:00 a.m. Central time (10:00 a.m. Eastern time).

Black Stone Minerals, L.P. 2021 Schedule K-3 is Now Available

Retrieved on: 
Tuesday, September 13, 2022
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Black Stone, Company, Schedule, Review, Partnership, Black Stone Minerals, Security (finance)

To receive an electronic copy of the Schedule K-3 via email, unitholders may call Tax Package Support toll free at 855-839-3087.

Key Points: 
  • To receive an electronic copy of the Schedule K-3 via email, unitholders may call Tax Package Support toll free at 855-839-3087.
  • Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States.
  • The Company owns mineral interests and royalty interests in 41 states in the continental United States.
  • Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.

Black Stone Minerals, L.P. Announces Distribution Increase and Schedules Earnings Call to Discuss Second Quarter 2022 Results

Retrieved on: 
Monday, July 25, 2022
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Black Stone Minerals, Board, BSM, NYSE, Central, Board of directors, Partnership, ID, Treasury regulations, Company, Income, Black Stone, Security (finance)

Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone, BSM, or the Company) today declared the distribution attributable to the second quarter of 2022.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone, BSM, or the Company) today declared the distribution attributable to the second quarter of 2022.
  • The Board of Directors of the general partner has approved a cash distribution for common units attributable to the second quarter of 2022 of $0.42 per unit.
  • This represents an increase of 5% over the common distribution paid with respect to the prior quarter and an increase of 68% over the common distribution paid with respect to the second quarter of 2021.
  • The Partnership is scheduled to release details regarding its results for the second quarter 2022 after the close of trading on August 1, 2022.

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

Retrieved on: 
Monday, May 2, 2022
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Board, Optimism, Table, Black Stone, Black Stone Minerals, Adjustment, Aethon, EBITDA, Company, NYSE, Contract, Delaware Basin, Natural gas, Compliance, Haynesville, Austin Chalk, Loss, Income, XTO Energy, Austin, Texas, BSM, Coal, Video game, Security (finance), Online gambling, Lithium, Potash

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 2022.

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 first quarter of 2022.
  • Distributable cash flow was $92.6 million for the first quarter, an increase of 30% relative to the fourth quarter of 2021.
  • Black Stone Minerals reported mineral and royalty volume of 29.6 MBoe/d (71% natural gas) for the first quarter of 2022, compared to 35.2 MBoe/d for the fourth quarter of 2021 and 31.1 MBoe/d for the first quarter of 2021.
  • Black Stone reported oil and gas revenue of $151.6 million (50% oil and condensate) for the first quarter of 2022, a decrease of 5% from $158.9 million in the fourth quarter of 2021.