Black Stone Minerals

BSM

Market cap $3B

Black Stone's Q3 2025 production increased by 5% quarter-over-quarter. This puts it on track to reach the high-end or above the high-end of its revised (in Q2 2025) guidance for the full year. Black Stone also signed a Kurth Lake Expansion development agreement that will help it towards its goal of 50,000 BOEPD in 2030 production.

Black Stone Minerals secures a new production agreement with Caturus Energy in the Shelby Trough, expanding its Haynesville footprint. The Caturus deal introduces a vertically integrated partner developing its own LNG terminal, enhancing BSM's long-term production stability. Multi-year phased drilling requirements mirror prior agreements, supporting sustained cash flow and mitigating previous counterparty risks.

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Partnership”) announced today it has entered into a 220,000 gross acre development agreement with an affiliate of Caturus Energy, LLC (“Caturus”) within the Shelby Trough and Haynesville Expansion. The agreement creates a multi-year drilling program designed to advance development of BSM's acreage under Caturus' operating expertise while supporting the growing demand for natural gas across the Gulf C.

Black Stone Minerals, L.P. Common Units ( BSM ) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST Company Participants Mark Meaux - Director of Finance Tom Carter - President, CEO & Chairman of the Board of Black Stone Minerals GP L.L.C Fowler Carter - SVP of Corporate Development of Black Stone Minerals GP L.L.C.

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone," "BSM," or "the Partnership") today announces its financial and operating results for the third quarter of 2025. Financial and Operational Highlights Mineral and royalty production for the third quarter of 2025 equaled 34.7 MBoe/d, an increase of 5% from the prior quarter; total production, including working-interest volumes, was 36.3 MBoe/d for the quarter. Net income for the third quarter was $91.7 million, and Ad.

Black Stone Minerals (BSM) is an overlooked beneficiary of the AI-driven data center boom, offering exposure to surging energy demand. BSM's royalty-based business model, expanding natural gas capacity, and strong balance sheet support a 9.4%+ yield and attractive risk/reward profile. Despite lower oil prices, rising natural gas prices and robust free cash flow underpin BSM's superior profitability and consistent shareholder returns.

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Partnership”) today declared the distribution attributable to the third quarter of 2025. Additionally, the Partnership announced the date of its third quarter 2025 earnings call. Common Distribution The Board of Directors of the Partnership's general partner has approved a cash distribution of $0.30 per common unit attributable to the third quarter of 2025, consistent with the prior quarter. Distribu.

Black Stone Materials discussed its longer-term outlook over the next 10 years. It is aiming to grow production to 60,000+ BOEPD by 2035 through natural gas production growth from the Shelby Trough and Haynesville Expansion. It has been entering into development agreements, with the goal of 50+ gross well spuds per year in those areas in the 2030s.

ACHC, ALSN and BSM have been added to the Zacks Rank #5 (Strong Sell) List on October 6, 2025.

ATNI, JOUT and BSM have been added to the Zacks Rank #5 (Strong Sell) List on October 2, 2025.