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 7,296 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
1%
upside
Avg. target
$14
1%
upside
High target
$14
1%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Piper Sandler Mark Lear | 1%upside $14 | Neutral Maintained | 13 May 2025 |
Financial journalist opinion
Neutral
Business Wire
3 weeks 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
1 month ago
Black Stone Minerals, L.P. Common Units (BSM) Q1 2025 Earnings Call Transcript
Black Stone Minerals, L.P. Common Units.
Neutral
Business Wire
1 month 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
1 month 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
1 month 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
3 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
3 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
Neutral
Zacks Investment Research
3 months ago
Black Stone Minerals (BSM) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Black Stone Minerals (BSM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Neutral
Business Wire
3 months ago
Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2024 Results; Provides Guidance for 2025
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 fourth quarter and full year of 2024 and provides guidance for 2025. Fourth Quarter 2024 Highlights Mineral and royalty production for the fourth quarter of 2024 equaled 34.8 MBoe/d; total production, including working interest volumes, was 36.1 MBoe/d for the quarter Net income for the quarter was $46.3 million. A.
Neutral
Zacks Investment Research
3 months ago
Stay Ahead of the Game With Black Stone Minerals (BSM) Q4 Earnings: Wall Street's Insights on Key Metrics
Evaluate the expected performance of Black Stone Minerals (BSM) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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