Black Stone

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. 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. 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 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. 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 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.