Latest news with #BlackStoneMinerals
Business Insider
22-05-2025
- Business
- Business Insider
Black Stone Minerals CEO buys $196K in common stock
In a regulatory filing, Black Stone Minerals (BSM) disclosed that its CEO Thomas Carter bought 14.5K shares of common stock on May 21st in a total transaction size of $196K. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Associated Press
19-05-2025
- Business
- Associated Press
Black Stone Minerals, L.P. Announces New Development Agreement in the Shelby Trough with Revenant Energy and Amended Development Agreements with Aethon Energy
HOUSTON--(BUSINESS WIRE)--May 19, 2025-- Black Stone Minerals, L.P. (NYSE: BSM) ('Black Stone,' 'BSM,' or 'the Partnership') today announces that it has entered into a development agreement with Revenant Energy ('Revenant') 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 ('Aethon') 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. Management Commentary Thomas L. Carter, Jr., Black Stone Minerals' Chairman, Chief Executive Officer, and President, commented, 'We are excited to partner with the Revenant Energy team, whose proven track record of development in the Shelby Trough establishes them as a solid operator for this asset. Through robust subsurface evaluation, we identified substantial areas of prospective minerals outside of the existing Shelby Trough development agreements. This new agreement covers approximately 270,000 gross and 95,000 net undeveloped acres with significant resource potential that we expect to benefit both companies for decades. Additionally, the annual minimum well commitment at full ramp will ultimately about double the net well development of Black Stone's portfolio in the Shelby Trough. The acreage within this agreement comes from both legacy acquisitions and the recent targeted mineral acquisitions, which continue to enhance our existing Shelby Trough footprint. We have also finalized an amendment with Aethon that will release over 50,000 gross acres back to BSM in an area directly offsetting existing development, in exchange for a well commitment reduction. This released acreage provides a strong foundation that we plan to place under another new development agreement, further enhancing our outlook on total development activity in the Shelby Trough. With the combination of these executed agreements, proximity to the Gulf Coast market, and long-term natural gas pricing, we are confident in the growth opportunities the asset provides to our unitholders.' Revenant Development Agreement 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. Aethon Amended Development Agreements The Partnership has entered into an amendment to the joint exploration agreements ('JEAs') 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. 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 Partnership 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 Partnership'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: View source version on CONTACT: Black Stone Minerals, L.P. ContactTaylor DeWalch Senior Vice President, Chief Financial Officer, and Treasurer Telephone: (713) 445-3200 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: ENERGY NATURAL RESOURCES MINING/MINERALS OIL/GAS SOURCE: Black Stone Minerals, L.P. Copyright Business Wire 2025. PUB: 05/19/2025 06:30 AM/DISC: 05/19/2025 06:29 AM
Yahoo
24-04-2025
- Business
- Yahoo
Is Black Stone Minerals (BSM) the Top Oil & Gas E&P Stock Outperforming Despite Sinking Oil Prices?
We recently published a list of . In this article, we are going to take a look at where Black Stone Minerals, L.P. (NYSE:BSM) stands against other top oil & gas E&P stocks outperforming despite sinking oil prices. Oil prices have crashed by as much as 8.5% since the start of this month as Donald Trump reignites the tariff war. At one point, it was down as much as 18%! The broader market, as well as investors, have come to terms with a harsh reality: the tariffs are here to stay! Inflation resulting from these tariffs threatens to send the country's economy into recession, and global oil demand is reacting accordingly. The oil prices continue to tumble, threatening the future of some of the major oil producers of the world. Amid this uncertain environment, some oil and gas stocks are outperforming the market. We decided to take a look at these stocks to find gems that can help retail investors outperform the market in these tough times. To come up with our list of the top 10 oil & gas stocks outperforming despite sinking oil prices, we looked at the oil & gas exploration and production industry, considering only the stocks with a market cap between $2 billion and $10 billion. Aerial view of an oil and gas field, with tanker trucks in the foreground. Black Stone Minerals, L.P. (NYSE:BSM) operates and owns natural gas and oil mineral interests. The company owns non-participating royalty interests in 1.8 million gross acres, mineral interests in approximately 16.8 million gross acres, and overriding royalty interests in 1.6 million gross acres. The stock's share price continues to gain upward momentum, surging 3.51% in the last week. 2024 proved to be a challenging year for the company. Due to lower natural gas prices, natural gas volumes went down. As a result, the distribution was cut by 21%. Consequently, the company's most recent quarter's revenue came in lower than estimates. The firm expects a 2% production increase in 2025 as the company's business partner [Atheon, one of the larger natural gas producers on Black Stone Minerals (NYSE:BSM) acreage] has already bought 11 wells at the beginning of the year. 2025 could be a great year for the company, as the management anticipates natural gas production to rise to 77% of total volumes. Overall, BSM ranks 6th on our list of top oil & gas E&P stocks outperforming despite sinking oil prices. While we acknowledge the potential of BSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than BSM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
Black Stone Minerals, L.P. Announces Distribution and Schedules Earnings Call to Discuss First Quarter 2025 Results
HOUSTON, April 16, 2025--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM," or "the Partnership") today declared the distribution attributable to the first quarter of 2025. Additionally, the Partnership announced the date of its first quarter 2025 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution of $0.375 per common unit attributable to the first quarter of 2025, consistent with the prior quarter. Distributions will be payable on May 15, 2025, to unitholders of record on May 8, 2025. Earnings Conference Call The Partnership is scheduled to release details regarding its results for the first quarter of 2025 after the close of trading on May 5, 2025. A conference call to discuss these results is scheduled for May 6, 2025, at 9:00 a.m. Central time (10:00 a.m. Eastern time). The conference call will be broadcast live in listen-only mode on BSM's investor relations website at If you would like to ask a question, the dial-in number for the conference call is (800) 715-9871 for domestic participants and (646) 307-1963 for international participants. The conference ID for the call is 8003975. Call participants are advised to call in 10 minutes in advance of the call start time. A replay of the conference call will be available approximately two hours after the call through a link on BSM's investor relations 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. View source version on Contacts Black Stone Minerals, L.P. Contacts Taylor DeWalchSenior Vice President, Chief Financial Officer, and TreasurerTelephone: (713) 445-3200investorrelations@ Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
Stay Ahead of the Game With Black Stone Minerals (BSM) Q4 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts expect Black Stone Minerals (BSM) to post quarterly earnings of $0.39 per share in its upcoming report, which indicates a year-over-year decline of 40%. Revenues are expected to be $115.46 million, down 39.5% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. In light of this perspective, let's dive into the average estimates of certain Black Stone Minerals metrics that are commonly tracked and forecasted by Wall Street analysts. Analysts expect 'Revenue- Lease bonus and other income' to come in at $2.71 million. The estimate suggests a change of -29.1% year over year. The combined assessment of analysts suggests that 'Revenue- Oil and condensate sales' will likely reach $62.56 million. The estimate points to a change of -21.9% from the year-ago quarter. The average prediction of analysts places 'Revenue- Natural gas and natural gas liquids sales' at $48.16 million. The estimate indicates a change of -8.2% from the prior-year quarter. The collective assessment of analysts points to an estimated 'Production - Equivalents/day' of 37.37 millions of barrels of oil equivalent per day. The estimate is in contrast to the year-ago figure of 41.1 millions of barrels of oil equivalent per day. Analysts predict that the 'Production - Natural gas' will reach 15,561.19 MMcf. The estimate compares to the year-ago value of 16,546 MMcf. Analysts forecast 'Production - Oil and condensate' to reach 844.63 MBBL. The estimate is in contrast to the year-ago figure of 1,026 all Key Company Metrics for Black Stone Minerals here>>>Shares of Black Stone Minerals have demonstrated returns of -3% over the past month compared to the Zacks S&P 500 composite's +4.7% change. With a Zacks Rank #3 (Hold), BSM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Black Stone Minerals, L.P. (BSM) : Free Stock Analysis Report To read this article on click here. Zacks Investment Research Sign in to access your portfolio
