Loading...
•
Dec 31, 2024
Black Stone Minerals Q4 2024 Earnings Report
Black Stone Minerals reported a decline in revenue and net income for Q4 2024 due to lower commodity prices and derivative losses.
Key Takeaways
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.
Q4 revenue declined 56.1% year-over-year to $83.7 million.
Total production averaged 36.1 MBoe/d, with 74% natural gas.
Net income fell to $46.3 million, down from $147.6 million in Q4 2023.
Black Stone continues to invest in mineral acquisitions and strategic development partnerships.
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 expects a 2% increase in royalty production in 2025, driven by increased activity in Shelby Trough, Louisiana Haynesville, and Permian Basin. The company anticipates higher gas-weighted asset development but warns of continued volatility in commodity prices.
Positive Outlook
- Projected 2% increase in royalty production in 2025.
- Expected development of 28 wells in Shelby Trough.
- Increased activity in Louisiana Haynesville and Permian Basin.
- Maintaining a strong financial position with low leverage.
- Ongoing strategic mineral acquisitions to drive long-term growth.
Challenges Ahead
- Potential volatility in oil and gas prices impacting revenue.
- Lower lease bonus and other income expected in 2025.
- Higher general and administrative expenses due to inflationary costs.
- Declining working interest production as farm-out agreements expire.
- Uncertainty around regulatory changes impacting future development.
Revenue & Expenses
Visualization of income flow from segment revenue to net income