Black Stone Minerals
About: Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests.
Employees: 123
0
Funds holding %
of 7,312 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
55% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 38
39% more call options, than puts
Call options by funds: $3.02M | Put options by funds: $2.16M
14% more funds holding in top 10
Funds holding in top 10: 7 [Q4 2024] → 8 (+1) [Q1 2025]
6% more capital invested
Capital invested by funds: $487M [Q4 2024] → $515M (+$27.9M) [Q1 2025]
0.17% more ownership
Funds ownership: 15.81% [Q4 2024] → 15.98% (+0.17%) [Q1 2025]
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
2% less funds holding
Funds holding: 180 [Q4 2024] → 176 (-4) [Q1 2025]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$14
5%
upside
Avg. target
$14
5%
upside
High target
$14
5%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Piper Sandler Mark Lear | 5%upside $14 | Neutral Maintained | 13 May 2025 |
Financial journalist opinion
Based on 3 articles about BSM published over the past 30 days
Positive
Seeking Alpha
2 weeks ago
Black Stone Minerals: Bringing Oil Back
BSM remains a BUY due to the upcoming Culberson County oil pad, which should boost high-margin oil production and revenue starting in late 2024. Recent natural gas price recovery led to the first production increase in over a year, but declining oil output offset revenue gains. Q1 results were mixed: higher revenue from natural gas, but distribution coverage dipped due to falling oil production and unusual exploration and G&A expenses.
Positive
Benzinga
2 weeks ago
Top 2 Energy Stocks Which Could Rescue Your Portfolio This Quarter
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
Neutral
Seeking Alpha
2 weeks ago
Black Stone Minerals: Development Agreements Should Boost Its Future Distributable Cash Flow
Black Stone's distribution coverage dipped below 1.0x in Q1 2025 due to lower production levels and spending on seismic data. Its distribution coverage in the longer-term looks fine at $70 oil and high-$3 natural gas. Black Stone's current production (from its developed assets) was a bit lower than I expected to start the year.
Neutral
Business Wire
1 month ago
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)--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 An.
Neutral
Seeking Alpha
2 months ago
Black Stone Minerals, L.P. Common Units (BSM) Q1 2025 Earnings Call Transcript
Black Stone Minerals, L.P. Common Units.
Neutral
Business Wire
2 months ago
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 mill.
Neutral
Seeking Alpha
2 months ago
Black Stone Minerals: Focusing On Natural Gas Acquisitions
Black Stone Minerals spent $110 million on acquisitions in 2024, funded primarily with cash on hand. It now has a slight amount of net debt and may add to that debt with continued acquisitions and the redemption of some Series A Preferred Units. I project its distribution coverage at 1.07x in 2025 at current strip.
Neutral
Business Wire
2 months ago
Black Stone Minerals, L.P. Announces Distribution and Schedules Earnings Call to Discuss First Quarter 2025 Results
HOUSTON--(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.
Positive
Seeking Alpha
4 months ago
Black Stone Minerals: A 10% Distribution For This Natural Gas Royalty Play (Rating Upgrade)
Upgrading Black Stone Minerals to a BUY due to improving natural gas prices, a robust hedging program, and a renegotiated production agreement with Aethon. BSM's 2024 challenges included weak natural gas prices and a dividend cut, but the company maintained a distribution coverage greater than 1x distributable cash flow throughout the year. For 2025, BSM expects a 2% production increase, with natural gas making up 77% of total volumes, driven by new wells and rising prices.
Neutral
Seeking Alpha
4 months ago
Black Stone Minerals, L.P. Common Units (BSM) Q4 2024 Earnings Call Transcript
Black Stone Minerals, L.P. Common Units (BSM) Q4 2024 Earnings Call Transcript
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