$14.750
-0.178 (-1.21%)At close
BSM News
BSM Events
Black Stone Minerals Declares $0.32 Distribution, Up 7%
Black Stone Minerals declared a distribution of 32c per common unit, an increase of approximately 7% over the common distribution paid with respect to the prior quarter. Distributions will be payable on August 13 to unitholders of record on August 6.
Black Stone Reports Q4 Revenue of $118.7 Million
Reports Q4 revenue $118.7M vs. $83.7M last year. "Over the course of 2025, the Black Stone team executed across all commercial initiatives, advancing Black Stone's long-term growth," said Fowler Carter, Co-CEO and President. "We signed multiple development agreements covering 490,000 gross acres and have deployed $239.5 million through our acquisition program since September 2023 to build the Haynesville expansion asset, which extends around the Shelby Trough and towards the Western Haynesville. Across our other assets we had a strong leasing program in 2025, primarily focused in the Permian, and we anticipate another significant, high-interest development in the southern Delaware Basin in addition to the ongoing Coterra activity in Culberson County. In the Haynesville expansion area, we are looking forward to Revenant and Caturus initiating their development programs in 2026, where we expect Revenant will outperform its minimum obligation and Caturus will drill multiple wells, including a pilot well stepping further west towards Houston County. Aethon is also planning to drill 18 wells throughout 2026. In addition to these development programs, we are building new opportunities to further expand our asset base and add new development agreements in the Shelby Trough and Haynesville expansion area to further increase long-term growth for our unitholders."
Black Stone Minerals Announces Q3 Distributable EPS of 40c, Exceeding Consensus of 29c
Reports Q3 revenue $132.47M, consensus $103.99M. Carin Barth, BSM's lead director, remarked, "On behalf of the Board of Directors, I am excited to announce these promotions with full confidence in the continued stewardship of Black Stone and our strategy to focus on organic growth and to maintain financial discipline for the benefit of our unitholders. We are incredibly grateful to Tom for his visionary and steadfast leadership since Black Stone's founding and look forward to his continued guidance in his role as Executive Chairman. Fowler's and Taylor's complementary skill sets in the co-CEO role will undoubtedly provide unified leadership for BSM to maintain its strong track record as a leader in the oil and gas minerals industry. Finally, we are excited to appoint Chris to CFO, where Black Stone will continue to benefit from his leadership and commitment to excellence."
Black Stone Minerals enters development agreement with Revenant Energy
Black Stone Minerals announces that it has entered into a development agreement with Revenant Energy with respect to the Partnership's expanded Shelby Trough Haynesville and Bossier acreage, primarily located in Angelina, Nacogdoches, and San Augustine counties in Texas. Separately, the Partnership has agreed to amend the existing development agreements with Aethon Energy in Angelina and San Augustine counties. As part of this amendment, Aethon will return to the Partnership highly prospective mineral acreage to support and further accelerate another potential development program in the region. The Revenant Development Agreement covers approximately 270,000 gross acres across San Augustine, Nacogdoches, Angelina, Houston, and Trinity counties. BSM currently controls approximately 95,000 undeveloped net acres, with line of sight to additional acquisitions, all within this contractual area. The annual well commitments escalate over five years from a minimum of 6 wells per year starting in 2026 to a minimum of 25 wells per year and require test wells in certain areas in order to continue operating across the full footprint. Additionally, BSM expects to bring a non-operated working interest partner into the development. The Partnership has entered into an amendment to the joint exploration agreements with Aethon in Angelina and San Augustine counties which reduces the contract area to approximately 210,000 gross acres. Under the terms of the amendment, Aethon will release over 50,000 gross acres from the contract area, in exchange for reducing the annual well commitment to a total of 16 wells across both JEAs. As previously disclosed, the majority of farmout agreements covering non-operated working interests under these JEAs have terminated, and Aethon is absorbing that working interest as part of the amendment.
Black Stone Minerals reports Q1 EPS 4c vs. 27c last year
Reports Q1 revenue $59.25M vs. $105.49M last year. Mineral and royalty production for Q1 was 34.2 MBoe/d; total production, including working-interest volumes, was 35.5 MBoe/d for the quarter. CEO Thomas Carter, Jr., commented, "Despite recent market volatility, our financial position and asset outlook remain strong, and we are maintaining our quarterly distribution of $0.375 per unit. Distribution coverage for the quarter was 0.93x; however, this lower level of coverage was partially driven by an expenditure related to a seismic license that further bolsters our subsurface evaluation and potential mineral acquisitions in the expanded Shelby Trough area. During the quarter, we continued to progress on our targeted mineral acquisitions and remain confident in the long-term growth opportunities that program provides for our unitholders. Finally, we are staying keenly aware of the current price environment and activity across all of our assets, and we expect to continue to benefit from near-term development activity and production on certain unique, high-interest acreage in both oil- and gas-focused regions."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.