Latest news with #BlackStoneMinerals
Yahoo
06-08-2025
- Business
- Yahoo
Black Stone Minerals LP (BSM) Q2 2025 Earnings Call Highlights: Strong Net Income Amid Revised ...
Mineral Royalty Production: 33,200 BOE per day in Q2 2025. Total Production Volumes: 34,600 BOE per day in Q2 2025. Net Income: $120 million for Q2 2025. Adjusted EBITDA: $84.2 million for Q2 2025. Oil and Gas Revenue: 55% from oil and condensate production in Q2 2025. Distribution: $0.30 per unit for Q2 2025, $1.20 annualized. Distributable Cash Flow: $74.8 million for Q2 2025, 1.18x coverage. 2025 Production Guidance: Average between 33,000 and 35,000 BOE per day. 2026 Production Growth Forecast: Incremental 3,000 to 5,000 BOE per day over 2025 revised guidance. Warning! GuruFocus has detected 3 Warning Sign with BSM. Release Date: August 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Black Stone Minerals LP (NYSE:BSM) announced a development agreement with Revenant, expected to significantly increase drilling obligations and natural gas growth over the next five years. The company has added $31 million in minerals and royalty acquisitions during the quarter, enhancing its asset base. BSM maintains a clean balance sheet and ample liquidity, supporting its commercial strategy and future growth. The outlook for natural gas is strong, driven by growing global demand for LNG, which supports BSM's long-term strategy. BSM's diversified asset base and development agreements provide a clear path to increased production and future distribution increases. Negative Points The company declared a reduced distribution of $0.30 per unit for the quarter due to slower natural gas production growth in 2025. Production guidance for 2025 was revised to reflect slower-than-expected natural gas production growth, particularly in the Shelby Trough and Haynesville/Bossier play. BSM's acreage is not fully participating in the broader uplift in Haynesville activity, leading to a potential production decline in the back half of the year. The restructuring of the agreement with Aethon resulted in a reduction of drilling activity, impacting short-term production volumes. There is a time delay between first production and royalty company receiving that production, affecting immediate financial results. Q & A Highlights Q: Can you provide any color on activity increasing on your acreage and how the Revenant agreement and Permian development will impact production trajectory next year? A: We are seeing subdued activity, but we're excited about the development agreements, particularly with Revenant, which will start drilling in early 2026. We expect increased activity in the coming quarters, especially in the Shelby Trough and Haynesville/Bossier areas. - Taylor Dewalch, CFO Q: How does the geology in the newly delineated areas of the Shelby Trough compare to the Western Haynesville? A: The formations in the Shelby Trough are thicker and deeper, with similar subsurface characteristics to the Western Haynesville. We are optimistic about the potential for increased productivity and operational efficiencies in these areas. - Taylor Dewalch, CFO Q: Why is your acreage not participating in the uplift seen in broader Haynesville activity? A: Aethon slowed down drilling due to low gas prices in late '23, affecting production volumes. We've restructured agreements to add more operators and increase well counts, which will take time to ramp up. We expect significant well numbers by 2028-2030. - Thomas Carter, CEO Q: Are you aiming for a 40 to 50 wells per year cadence with the second acreage position being marketed? A: Yes, and potentially more. We are working to increase the number of operators and wells to enhance production. - Thomas Carter, CEO Q: Should we expect a similar natural gas skew in the 2026 production outlook? A: Yes, the Coterra volumes will help with oil production, but we expect the oil volume percentage to be similar to 2024 levels, around 25-26%. - Taylor Dewalch, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
Black Stone Minerals, L.P. Announces Distribution and Schedules Earnings Call to Discuss Second Quarter 2025 Results
HOUSTON, July 16, 2025--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM," or "the Partnership") today declared the distribution attributable to the second quarter of 2025. Additionally, the Partnership announced the date of its second quarter 2025 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution of $0.30 per common unit attributable to the second quarter of 2025. Distributions will be payable on August 14, 2025, to unitholders of record on August 7, 2025. The distribution reduction primarily results from a slower than expected increase in natural gas production, particularly in the Haynesville/Bossier play. The Partnership remains focused on its long-term growth strategy consistent with the recently announced development agreements in Shelby Trough and believes that the current environment presents attractive opportunities to continue its targeted mineral acquisition strategy. The Partnership expects to announce distribution coverage of approximately 1.18x for the second quarter and to deploy the excess cash to make acquisitions that build on strategic advantages associated with the unique asset base that distinguishes Black Stone from its peers. Thomas L. Carter, Jr., Black Stone Minerals' Chairman, Chief Executive Officer, and President, commented: "In the wake of slower natural gas production increases, particularly in the Haynesville, we are maintaining our commitment to a prudent, returns-based commercial strategy focused on disciplined capital deployment while maintaining financial flexibility. We remain excited by the long-term outlook for natural gas and the growth we expect our asset base to generate, which combines a large, diversified portfolio of mineral and royalty interests across the Lower 48 with substantial inventory, development agreements, and higher net interests in the expanding Haynesville. Furthermore, the Partnership believes that its assets will provide meaningful supply to support growing global demand for liquefied natural gas. The Board of Directors and management team remain focused on capital discipline and its targeted commercial strategy that capitalizes on our asset base to maximize distributions while maintaining a strong balance sheet. We are confident in our path to grow production and distributions as the projected growth in natural gas production materializes across our asset base and look forward to providing more detail in our August 4th earnings announcement and on the August 5th earnings call." Earnings Conference Call The Partnership is scheduled to release details regarding its results for the second quarter 2025 after the close of trading on August 4, 2025. A conference call to discuss these results is scheduled for August 5, 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 the BSM 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
14-07-2025
- Business
- Yahoo
Black Stone Minerals Secures Major Development Agreement with Revenant Energy for Texas Haynesville, Bossier Acreage
Black Stone Minerals (NYSE:BSM) is one of the best low priced energy stocks to buy now. Earlier in May, Black Stone Minerals announced that it entered into a new development agreement with Revenant Energy, focusing on the Partnership's expanded Shelby Trough Haynesville and Bossier acreage. This acreage is primarily located in Angelina, Nacogdoches, and San Augustine counties in Texas. The agreement covers ~270,000 gross acres, also extending into Houston and Trinity counties. Aerial view of an oil and gas field, with tanker trucks in the foreground. Under the agreement, the partnership's commitment begins with a minimum of 6 wells per year in 2026, escalating to at least 25 wells annually over 5 years, which include specific test wells necessary to maintain operational rights across the full area. Black Stone Minerals (NYSE:BSM) owns and manages oil & natural gas mineral interests. add whatever While we acknowledge the potential of BSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
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
