Black Stone Minerals Earnings Reports

The company generated $132.47 million in total revenue and delivered $91.7 million in net income, driven by consistent oil and gas production and derivative gains. Adjusted EBITDA was $86.3 million, with free cash flow enabling a maintained $0.30 distribution.

The company reported $159.5 million in total revenue and $120 million in net income, supported by a substantial gain on commodity derivatives. Production declined slightly, leading to a reduced distribution of $0.30 per unit.

Black Stone Minerals, L.P. reported a net income of $15.9 million for the first quarter of 2025, with total revenue of $59.252 million. The company's total production, including working-interest volumes, was 35.5 MBoe/d. Adjusted EBITDA for the quarter totaled $82.2 million, and distributable cash flow was $73.7 million. The company maintained its quarterly distribution of $0.375 per unit, with a distribution coverage of approximately 0.93x.

Black Stone Minerals reported total revenue of $83.7 million in Q4 2024, a decline of 56.1% year-over-year. Net income for the quarter was $46.3 million, down from $147.6 million in Q4 2023. The company saw total production of 36.1 MBoe/d, with 74% being natural gas. Average realized prices declined year-over-year, contributing to lower revenue. Despite these challenges, Black Stone maintained a stable dividend and continues to focus on mineral acquisitions and strategic partnerships to drive long-term growth.

Black Stone Minerals reported a net income of $92.7 million for the third quarter of 2024. The company's total production averaged 37.4 MBoe/d, with mineral and royalty volumes at 35.3 MBoe/d. A distribution of $0.375 per unit was announced. The company acquired additional mineral, royalty, and leasehold interests totaling $14.7 million in the third quarter.

Black Stone Minerals reported a net income of $68.3 million for the second quarter of 2024. The company's mineral and royalty production averaged 38.2 MBoe/d, while total production was 40.4 MBoe/d. They announced a distribution of $0.375 per unit with a distribution coverage of 1.17x. The company had no debt outstanding and approximately $61 million in cash on hand as of August 2, 2024.

Black Stone Minerals reported a net income of $63.9 million and Adjusted EBITDA of $104.1 million for the first quarter of 2024. The company's total production averaged 40.3 MBoe/d, with mineral and royalty volumes at 38.1 MBoe/d. A distribution of $0.375 per unit was announced.

Black Stone Minerals announced its Q4 and full year 2023 results, reporting a net income of $147.6 million for the quarter. The company's mineral and royalty production averaged 38.9 MBoe/d, and total production was 41.1 MBoe/d. Black Stone also provided guidance for 2024, anticipating an increase in royalty production.

Black Stone Minerals reported a strong third quarter with mineral and royalty production increasing by 20% over the prior quarter, reaching 40.3 MBoe/d. Net income was $62.1 million, and distributable cash flow was $124.4 million. The company announced a distribution of $0.475 per unit and has zero outstanding debt. They have also approved a $150 million common unit repurchase program.

Black Stone Minerals reported a decrease in mineral and royalty production, totaling 33.6 MBoe/d, alongside a net income of $78.4 million and adjusted EBITDA of $109.2 million for the second quarter of 2023. Despite lower realized prices and revenues, the company maintained a strong financial position with zero outstanding debt and a distributable cash flow of $103.6 million.

Black Stone Minerals, L.P. announced its financial and operating results for the first quarter of 2023. The company reported a net income of $134.4 million. Total production averaged 39.3 MBoe/d. The Board approved a cash distribution of $0.475 for each common unit attributable to the first quarter of 2023.

Black Stone Minerals reported record financial results for Q3 2022, with net income of $168.5 million and adjusted EBITDA of $123.1 million, the highest level as a public company. Production increased by 23% over the prior quarter, and distributable cash flow also reached a record high of $116.5 million.

Black Stone Minerals reported a net income of $131.8 million for the second quarter of 2022. Mineral and royalty production averaged 30.3 MBoe/d, while total production reached 33.5 MBoe/d. The company's Adjusted EBITDA reached a record high of $112.8 million, and distributable cash flow also hit a record high at $106.6 million.

Black Stone Minerals, L.P. announced its first quarter 2022 financial and operating results. The company reported a net loss of $7.0 million, but distributable cash flow increased by 30% to $92.6 million compared to the previous quarter. The company's board approved a cash distribution of $0.40 per unit, a 48% increase from the previous quarter.