Latest news with #BlackStone
CNET
19-05-2025
- Business
- CNET
Walmart Deals of the Day: $41 Discount Drops Fitbit Charge 6 to a Record-Low
As of now, Walmart hasn't released any details about when its Memorial Day sale will kick off. However, you don't have to wait to start saving. Walmart's deal page is jam-packed full of bargains year-round, and we've rounded up some of the very best ones you can shop right now below. For today, May 19, that includes a record-low price on the top-rated Fitbit Charge 6, $50 off a two-burner BlackStone griddle and an pro-grade SteelSeries streaming microphone that you can pick up for nearly half-off. The Fitbit Charge 6 is our top pick for the overall best fitness tracker of 2025. It has a sleek and simple design, but doesn't skimp on features. It boasts more than 40 preset exercise modes, as well as a built-in GPS, sleep tracking, an ECG function and much more. It also has some helpful smart features like on-wrist notifications and turn-by-turn navigation. Plus, it's waterproof up to 50 meters, and the vibrant AMOLED display is easy to see even on sunny days. It also boasts an impressive seven-day battery life. Just note that only the porcelain is being sold by Walmart. Hey, did you know? CNET Deals texts are free, easy and save you money. Get ready for your Memorial Day cookout with $50 off this outdoor BlackStone griddle. It features a two-burner 22-inch flattop griddle with 361 square inches of total cooking space -- enough for over a dozen burgers or 60 hotdogs. It's propane-fueled and produces up to 21,000 BTUs of heat. Other features include two side shelves, a paper towel holder, a protective hood and built-in tank storage. If you're an aspiring streamer or podcaster, this deal is a great chance to upgrade your setup without breaking the bank. This pro-grade microphone is equipped with an extra-large capsule for richer, fuller broadcast-quality audio, and this deal includes SteelSeries' Sonar sound mixing software so you can easily customize your recording. Plus, it comes with an XLR stream mixer with mappable controls so you can adjust your audio on the fly.
Daily Record
17-05-2025
- Daily Record
'Compact' portable charger gets 30% price slash as it delivers 'all-day power'
If your someone who needs to keep their phone powered on the go, this might be for you Unless it is a brand new phone, many people can't go a full day without their device quickly losing battery. Even if it is constantly on power saving mode, it won't take long before users see their battery life becoming smaller and smaller. As a result, power banks have become a saving grace for people who are out of the house all day or going on holiday. However, at times, these small gadgets can become a nuisance as they require excessive cables and some won't squeeze into a handbag. If this is a common issue for shoppers, Anker may have a solution. The Anker Nano Power Bank usually retails for £29.99, but shoppers can now grab it for £8 less at £21.99 in a cheeky sale. But this special code is said to only last until the end of the week. Available in five colours - Ice Lake Blue, Black Stone, Shell White, Sprout Green and Lotus Pink - shoppers can choose the compact power bank that matches their phone. On top of this, the charger is so small that shoppers have been able to fit it into their jeans pocket or micro bag on a night out, reports the Mirror. Boasting two high-speed charging ports, the gadget can deliver an impressive output of 22.5W. However, when comparing the charging capabilities in two phones - iPhone 15 Pro Max and the Samsung Galaxy Z Flip 2 - it was found that the charger used up half of its power to give battery to the latter, whereas only a quarter for the iPhone. However, the user did say that this may be because the Samsung phone was older so may have needed more juice to get it charged after years of use. Weighing only 98.5g, you can choose to simply plug this small device into the bottom of your phone with the built-in USB-C port or through an additional USB-C cable. This small gadget is also compatible with a variety of devices, including iPhone 15 Series, Samsung S22 and S23 Series, Samsung Note20, Note20 Ultra, Huawei Mate and more. Alternatively, Amazon is selling a similar product at a lower price of £16.50. The iWALK 3350mAh Portable Charger currently has over 13,200 global ratings from shoppers, which has resulted in a 4.2 star rating. Weighing 72g, this device won't take up any extra room while on the move. Anker Nano Power Bank £29.99 £21.99 Anker Buy Now Product Description For those who are happy with a more traditional power bank, Argos has reduced the price of the Belkin 10000mAh Portable Power Bank. Now slightly lower at £17.99 (RRP £19.99), this charger is said to provide 40 extra hours of battery life to your phone and it can charge three devices at once. However, shoppers who are interested in the Anker Nano Power Bank will need to turn to Amazon for reviews as the Anker website currently doesn't have any. With over 9,000 ratings resulting in 4.3 stars, many shoppers have conveyed how essential this portable charger has become to their daily life. One happy shopper wrote: "Brilliant! Very compact and great for a day bag or pocket if you're walking about. I used to take the 10k bricks around but this is so much lighter and a very fast charge." Another customer also added: "Great little device, neat and small for handbag or pocket. Holds as good as a complete charge and I like how it has two ways to connect, one standard with lead the second it just plugs into you phone at its charging point so no need for cable." However, some shoppers did note some issues with the mini device. One shopper said: "I love the compact size of it, and the indicator lights, so you know how much charge is remaining. The flip up design of the USB-C connector is handy and keeps it all flat when not in use. "Unfortunately, it makes your phone feel very bottom heavy and can sometimes dislodge from the charging port and start and stop charging randomly." Another reviewer noted: "Loved my anker stuff in the past but not sure about the quality of this and a usb plug i bought from them recently. They both get quite warm when in use (for the powerbank when charging and in use) never had that with my previous powerbanks. "Also not even enough juice to fully charge my Samsung mobile. But it is light and compact and having the built in usb c saves carrying a cable around." Tech deal of the week Looking to bag a pair of wireless headphones, but don't want to pay out for Apple's AirPods? Then look no further than Amazon, as the online giant has a selection of budget-friendly options that are said to deliver on quality. One such pair are the Donerton Wireless Earbuds. Priced at just £18.99, these earbuds use 2025 Bluetooth 5.4 to seamlessly connect to any device, while the 13mm speakers deliver "crystal clear" and "vivid" sound quality that is said to be on par with pricier brands. Using ENC noise cancellation technology and featuring four built-in microphones, they are ideal for taking phone calls when out and about, alongside listening to music, podcasts and audiobooks without interruption. The ergonomic design is suitable for everyone, with three silicone shaped tips available to provide a secure and long-lasting fit. As they are IP7 waterproof, they are prevented from any damage caused by sweat and raindrops. Meanwhile, the wireless charging case displays the remaining power of each earbud using dual LED technology and can provide up to 40-hours of playback, with a single fast 1.5-hour charge offering up to eight hours alone. Averaging a 4.4 rating on Amazon based on over 18,000 reviews, they have been compared to Apple and Samsung by tech fans who have praised them as "far superior" and "brilliant." One such review read: "These EarPods are brilliant ! The sound is great & everything you would expect from apple but so much cheaper. I've had apple EarPods from apple, these are on par. Highly recommended." Purchase the Donerton Wireless Earbuds on Amazon for £18.99 here. Despite this, a third five-star reviewer also wrote: "Excellent charger. Today everything is on our phones, cards, tickets, etc. This is perfect if you are travelling or having long days and you need your phone to be charged. "If your phone is almost out of battery, I would say this charger brings it back to at least 80%, if not more. Plus once you plug it in, it actually holds by itself, you don't have to hold phone and charger at the same time. Will be buying more from this brand." For those who want to get the Anker Nano Power Bank while it is on deal, they can click HERE. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'.
Business Wire
05-05-2025
- Business
- Business Wire
Black Stone Minerals, L.P. Reports First-Quarter Results
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM", or "the Partnership") today reports its financial and operating results for the first quarter of 2025. Financial and Operational Highlights Mineral and royalty production for the first quarter of 2025 was 34.2 MBoe/d; total production, including working-interest volumes, was 35.5 MBoe/d for the quarter. Net income for the first quarter was $15.9 million, and Adjusted EBITDA for the quarter totaled $82.2 million. Distributable cash flow was $73.7 million for the first quarter. Black Stone announced a distribution of $0.375 per unit with respect to the first quarter of 2025. Distribution coverage for all units was approximately 0.93x. Total debt at the end of the first quarter was $63.0 million; as of May 2, 2025, total debt was also $63.0 million with approximately $4.3 million of cash on hand. Management Commentary Thomas L. Carter, Jr., Black Stone's Chairman, Chief Executive Officer and President, 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.' Quarterly Financial and Operating Results Production Black Stone reported mineral and royalty volumes of 34.2 MBoe/d (78% natural gas) for the first quarter of 2025, compared to 34.8 MBoe/d for the fourth quarter of 2024 and 38.1 MBoe/d for the first quarter of 2024. Working-interest production was 1.3 MBoe/d in the first quarter of 2025, 1.3 MBoe/d in the fourth quarter of 2024, and 2.2 MBoe/d in the first quarter of 2024. The continued year-over-year decline in working-interest volumes is consistent with the Partnership's decision to farm out its working-interest participation to third-party capital providers. Total reported production averaged 35.5 MBoe/d (96% mineral and royalty, 78% natural gas) for the first quarter of 2025, compared to 36.1 MBoe/d and 40.3 MBoe/d for the fourth quarter of 2024 and the first quarter of 2024, respectively. Realized Prices, Revenues, and Net Income The Partnership's average realized price per Boe, excluding the effect of derivative settlements, was $33.94 for the first quarter of 2025. This is an increase of 10% from $30.81 per Boe in the fourth quarter of 2024 and a 10% increase from $30.87 in the first quarter of 2024. Black Stone reported oil and gas revenue of $108.3 million for the first quarter of 2025, an increase of 6% from $102.3 million in the fourth quarter of 2024. Oil and gas revenue in the first quarter of 2024 was $113.2 million. The Partnership reported a loss on commodity derivative instruments of $56.0 million for the first quarter of 2025, composed of a $3.6 million loss from realized settlements and a non-cash $52.4 million unrealized loss due to the change in value of Black Stone's derivative positions during the quarter. Black Stone reported losses of $20.6 million and $11.3 million on commodity derivative instruments for the fourth quarter of 2024 and the first quarter of 2024, respectively. Lease bonus and other income was $6.9 million for the first quarter of 2025. Lease bonus and other income for the fourth quarter of 2024 and the first quarter of 2024 was $2.0 million and $3.5 million, respectively. The Partnership reported net income of $15.9 million for the first quarter of 2025, compared to net income of $46.3 million in the preceding quarter. For the first quarter of 2024, the Company reported net income of $63.9 million. Adjusted EBITDA and Distributable Cash Flow Adjusted EBITDA for the first quarter of 2025 was $82.2 million, which compares to $90.1 million in the fourth quarter of 2024 and $104.1 million in the first quarter of 2024. Distributable cash flow for the first quarter of 2025 was $73.7 million. For the fourth quarter of 2024 and the first quarter of 2024, distributable cash flow was $81.9 million and $96.4 million, respectively. Financial Position and Activities As of March 31, 2025, Black Stone had $2.4 million in cash, with $63.0 million drawn under its credit facility. As of May 2, the Partnership had approximately $4.3 million in cash, and $63.0 million of debt was outstanding under the credit facility. On April 30, 2025, Black Stone's borrowing base under the credit facility was reaffirmed, and total commitments under the credit facility were maintained at $375.0 million. Black Stone is in compliance with all financial covenants associated with its credit facility. First Quarter 2025 Distributions As previously announced, the Board approved a cash distribution of $0.375 for each common unit attributable to the first quarter of 2025. The quarterly distribution coverage ratio attributable to the first quarter of 2025 was approximately 0.93x. The distribution will be paid on May 15, 2025 to unitholders of record as of the close of business on May 8, 2025. Activity Update Development Activity At the end of the first quarter, EXCO was operating one rig, and Aethon was operating three rigs on the Partnership's Angelina, Nacogdoches, and San Augustine acreage in the Shelby Trough. During the quarter, Aethon successfully turned to sales 11 gross (0.7 net) wells, with the majority of the wells showing improved results compared to older offsets. Aethon's development program remains on track, with an estimated 17 gross (1.0 net) additional wells expected to turn to sales during the remainder of 2025. In the Louisiana Haynesville, development continued under the Partnership's Accelerated Drilling Agreements ('ADAs'). These agreements provide greater near-term certainty by accelerating development and associated revenue in BSM's high-interest areas in exchange for a modest reduction in royalty burden. During the first quarter, two gross (0.2 net) wells in De Soto Parish were turned to sales under BSM's ADAs. In the Permian Basin, the Partnership continues to monitor several large-scale development projects expected to generate meaningful liquids volumes in 2025 and beyond. As previously disclosed, a large operator has planned more than 35 gross (1.25 net) wells in Culberson County, Texas. To date, 24 of these wells have been spud. We anticipate nine gross wells to turn to sales in the fourth quarter of 2025, with the remainder expected in the first half of 2026. Acquisition Activity Black Stone's commercial strategy since 2021 has been focused on attracting capital and securing drilling commitments in areas where the Partnership already owns significant minerals. Management made the decision to expand this growth strategy by adding to the Partnership's mineral portfolio through strategic, targeted efforts primarily in the Shelby Trough area. In the first quarter of 2025, Black Stone acquired $14.2 million of additional (primarily non-producing) mineral and royalty interests. From September 2023 through today, the Partnership has completed $160.6 million of mineral and royalty acquisitions. Black Stone's commercial strategy includes the continued evaluation of meaningful, targeted mineral and royalty acquisitions to complement the Partnership's existing positions. Update to Hedge Position Black Stone has commodity derivative contracts in place covering portions of its anticipated production for 2025 and 2026. The Partnership's hedge position as of May 2, 2025 is summarized in the following tables: Natural Gas Hedge Position Gas Swap Gas Swap Price BBtu $/MMbtu 2Q25 10,920 $3.36 3Q25 11,040 $3.45 4Q25 11,040 $3.45 1Q26 11,700 $3.67 2Q26 11,830 $3.67 3Q26 11,960 $3.67 4Q26 11,960 $3.67 Expand More detailed information about Black Stone's existing hedging program can be found in the Quarterly Report on Form 10-Q for the first quarter of 2025, which is expected to be filed on or around May 6, 2025. Conference Call Black Stone will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2025 on Tuesday, May 6, 2025 at 9:00 a.m. Central Time. Black Stone recommends participants who do not anticipate asking questions to listen to the call via the live broadcast available at Analysts and investors who wish to ask questions should dial (800) 715-9871 for domestic participants and (646) 307-1963 for international participants, the conference ID for the call is 8003975. A recording of the conference call will be available on Black Stone's website. About Black Stone Minerals, L.P. Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Partnership 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. Forward-Looking Statements This news release includes forward-looking statements. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as 'will,' 'may,' 'should,' 'expect,' 'anticipate,' 'plan,' 'project,' 'intend,' 'estimate,' 'believe,' 'target,' 'continue,' 'potential,' the negative of such terms, or other comparable terminology often identify forward-looking statements. Except as required by law, Black Stone Minerals undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. All forward-looking statements are qualified in their entirety by these cautionary statements. These forward-looking statements involve risks and uncertainties, many of which are beyond the control of Black Stone Minerals, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those summarized below: the Company's ability to execute its business strategies; the volatility of realized oil and natural gas prices; the level of production on the Company's properties; overall supply and demand for oil and natural gas, as well as regional supply and demand factors, delays, or interruptions of production; domestic and foreign trade policies, including tariffs and other controls on imports or exports of goods, including energy products; conservation measures and general concern about the environmental impact of the production and use of fossil fuels; the Company's ability to replace its oil and natural gas reserves; general economic, business, or industry conditions including slowdowns, domestically and internationally, and volatility in the securities, capital or credit markets; cybersecurity incidents, including data security breaches or computer viruses; competition in the oil and natural gas industry; the availability or cost of rigs, equipment, raw materials, supplies, oilfield services or personnel; and the level of drilling activity by the Company's operators, particularly in areas such as the Shelby Trough where the Company has concentrated acreage positions. The following table shows the Company's production, revenues, pricing, and expenses for the periods presented: 1 As a mineral-and-royalty-interest owner, Black Stone Minerals is often provided insufficient and inconsistent data on natural gas liquid ("NGL") volumes by its operators. As a result, the Company is unable to reliably determine the total volumes of NGLs associated with the production of natural gas on its acreage. Accordingly, no NGL volumes are included in reported production; however, revenue attributable to NGLs is included in natural gas revenue and the calculation of realized prices for natural gas. Expand Non-GAAP Financial Measures Adjusted EBITDA and Distributable cash flow are supplemental non-GAAP financial measures used by Black Stone's management and external users of the Company's financial statements such as investors, research analysts, and others, to assess the financial performance of its assets and ability to sustain distributions over the long term without regard to financing methods, capital structure, or historical cost basis. The Company defines Adjusted EBITDA as net income (loss) before interest expense, income taxes, and depreciation, depletion, and amortization adjusted for impairment of oil and natural gas properties, if any, accretion of asset retirement obligations, unrealized gains and losses on commodity derivative instruments, non-cash equity-based compensation, and gains and losses on sales of assets, if any. Black Stone defines Distributable cash flow as Adjusted EBITDA plus or minus amounts for certain non-cash operating activities, cash interest expense, distributions to preferred unitholders, and restructuring charges, if any. Adjusted EBITDA and Distributable cash flow should not be considered an alternative to, or more meaningful than, net income (loss), income (loss) from operations, cash flows from operating activities, or any other measure of financial performance presented in accordance with generally accepted accounting principles ("GAAP") in the United States as measures of the Company's financial performance. Adjusted EBITDA and Distributable cash flow have important limitations as analytical tools because they exclude some but not all items that affect net income (loss), the most directly comparable U.S. GAAP financial measure. The Company's computation of Adjusted EBITDA and Distributable cash flow may differ from computations of similarly titled measures of other companies. 1 The distribution attributable to the three months ended March 31, 2025 is estimated using 211,636,423 common units as of May 2, 2025; the exact amount of the distribution attributable to the three months ended March 31, 2025 will be determined based on units outstanding as of the record date of May 8, 2025. Distributions attributable to the three months ended March 31, 2024 were calculated using 210,703,884 common units as of the record date of May 10, 2024. Expand
Saudi Gazette
15-03-2025
- Saudi Gazette
20 incense rounds daily at Grand Mosque using two kilograms of premium oud
Saudi Gazette report MAKKAH — The General Authority for the Care of the Two Holy Mosques has intensified its efforts to incense the Grand Mosque with premium oud and perfume worshippers during Ramadan, ensuring a welcoming and serene atmosphere for visitors. The authority conducts 20 incense rounds daily throughout the holy month, using two kilograms of high-quality natural oud. Additionally, the Black Stone, Al-Multazam, and the Yemeni Corner are perfumed five times daily with amber and rose oil before each prayer. The authority reaffirmed its commitment to enhancing the experience of worshippers and pilgrims, allowing them to perform their prayers and rituals in an environment of comfort and tranquility.
