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Jun 30, 2024
Black Stone Minerals Q2 2024 Earnings Report
Black Stone Minerals reported financial results for the second quarter of 2024.
Key Takeaways
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.
Mineral and royalty production averaged 38.2 MBoe/d for the second quarter of 2024.
Net income for the second quarter was $68.3 million, with Adjusted EBITDA totaling $100.2 million.
Distributable cash flow was $92.5 million for the second quarter.
A distribution of $0.375 per unit was announced for the second quarter of 2024, with a distribution coverage of 1.17x.
Black Stone Minerals
Black Stone Minerals
Black Stone Minerals Revenue by Segment
Revenue by Segment
Oil & Condensate Revenue
CapyFin.comNatural Gas & NGL Revenue
CapyFin.comLease & Other Income Revenue
CapyFin.comCommodity Derivatives Revenue
CapyFin.com Forward Guidance
Black Stone Minerals has commodity derivative contracts in place covering portions of its anticipated production for 2024 and 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income