Black Stone Minerals
BSM

$15.38

0.26%

Market Cap: 3.24B

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: 108

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

70% more call options, than puts

Call options by funds: $11.2M | Put options by funds: $6.6M

0% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 51

0.46% less ownership

Funds ownership: 14.52% [Q4 2023] → 14.05% (-0.46%) [Q1 2024]

3% less capital invested

Capital invested by funds: $487M [Q4 2023] → $473M (-$14.2M) [Q1 2024]

7% less funds holding

Funds holding: 193 [Q4 2023] → 180 (-13) [Q1 2024]

20% less funds holding in top 10

Funds holding in top 10: 10 [Q4 2023] → 8 (-2) [Q1 2024]

42% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 31

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$17

11%

upside

Avg. target

$17

11%

upside

High target

$17

11%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Piper Sandler

Mark Lear

11%upside

$17

Neutral

Maintained

7 Mar 2024

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Financial journalist opinion

Black Stone Minerals, L.P. Maintains First Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Second Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company”, or “the Partnership”) today declared the distribution attributable to the second quarter of 2024. Additionally, the Partnership announced the date of its second quarter earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the second quarter of 2024 of $0.375 per unit. The $0.375 per unit maintains the.

Black Stone Minerals, L.P. Maintains First Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Second Quarter 2024 Results

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Black Stone Minerals beat EBITDA estimates handily and decreased the distribution by 22%, generally as we expected. The company's coverage ratio is now at 1.22x and offers a 9% yield. Healthcare Realty beat AFFO per share estimates by 1c and announced a joint venture with KKR, selling an 80% stake in assets for $300 million.

Two High Quality 8-9% Yielding Stocks Worth Considering

Black Stone Minerals, L.P. Common Units (BSM) Q1 2024 Earnings Call Transcript

Black Stone Minerals, L.P. Common Units (NYSE:BSM ) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Corporate Participants Mark Meaux - Director, Finance Tom Carter - Chairman, Chief Executive Officer and President Evan Kiefer - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Derrick Whitfield - Stifel Jon Mardini - KeyBanc Capital Markets Operator Good day and welcome to the Black Stone Minerals First Quarter Earnings Call.

Black Stone Minerals, L.P. Common Units (BSM) Q1 2024 Earnings Call Transcript

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Black Stone Minerals, L.P. Reports First Quarter Results

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2024. Financial and Operational Highlights Mineral and royalty production for the first quarter of 2024 equaled 38.1 MBoe/d, a decrease of 2% from the prior quarter; total production, including working-interest volumes, was 40.3 MBoe/d for the quarter. Net income for the first quarter was $63.9 mil.

Black Stone Minerals, L.P. Reports First Quarter Results

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Black Stone Minerals, L.P. Declares Distribution for Common Units and Schedules Earnings Call to Discuss First Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company”, or “the Partnership”) today declared the distribution attributable to the first quarter of 2024. Additionally, the Partnership announced the date of its first quarter 2024 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the first quarter of 2024 of $0.375 per unit. Distributions will be payable o.

Black Stone Minerals, L.P. Declares Distribution for Common Units and Schedules Earnings Call to Discuss First Quarter 2024 Results

Black Stone Minerals, L.P. Announced Participation in Upcoming Investor Relations Event

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company”, or “the Partnership”) today announced its participation in an upcoming investor relations event. Members of management will be participating in the following: KeyBanc Capital Markets Minerals Spotlight – March 26, 2024 Management will conduct virtual meetings with investors at this conference. Updated presentation materials will be made available in the Investor Relations section of the Black.

Black Stone Minerals, L.P. Announced Participation in Upcoming Investor Relations Event

Black Stone Minerals: 2024 Distribution Coverage Projected At Near 1.0x

Black Stone Minerals, L.P. expects 3% total production growth in 2024, although with lower oil production. This is despite Aethon's decision to reduce near-term Shelby Trough drilling, although that decision may affect 2025 production more. Completion of Aethon's DUCs will minimize the 2024 impact.

Black Stone Minerals: 2024 Distribution Coverage Projected At Near 1.0x

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