Black Stone Minerals

BSM

Market cap $2.88B

I identify six 'safer' Dividend Power stocks—IVR, EFC, BBDC, IRS, BSM, GAIN—offering high yields supported by free cash flow. Analyst forecasts suggest top-ten DiviPower stocks could deliver average net gains of 52.98% by May 2027, with risk 36% below the market. The Dividend Power strategy favors high earnings yield and high dividend yield, producing portfolios resilient in downturns and responsive in bull markets.

Black Stone Minerals, L.P. Common Units (BSM) Q1 2026 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Partnership") today announces its financial and operating results for the first quarter of 2026. Financial and Operational Highlights Mineral and royalty production for the first quarter of 2026 equaled 35.9 MBoe/d, an increase of 16% from the prior quarter; total production, including working-interest volumes, was 37.0 MBoe/d for the quarter. Net income for the first quarter was $13.

The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In ​West Texas, gas is so abundant that some producers must pay to have it taken away.

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 2026. Additionally, the Partnership announced the date of its first quarter 2026 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 first quarter of 2026, consistent with the prior quarter. Distributions will be.

Black Stone is projected to generate $273 million in 2026 distributable cash flow at current strip. Hedges limit its ability to benefit from strong near-term oil prices. A $20 increase in the average 2026 oil price would only improve Black Stone's DCF by $3 million. Black Stone has close to 45% of its 2027 production hedged.

Putman sold 29,386 shares on April 6, 2026, with a transaction value of approximately $425,000 based on a weighted average price of around $14.45 per share. Putman retains 732,031 common units representing direct limited partner interests.

Black Stone Minerals offers a compelling 8% yield near $15/unit, leveraging a royalty model with minimal operational risk and strong insider alignment. BSM is poised for significant production growth, with projections targeting 50 MBoe/d by 2030 and 60 MBoe/d by 2035, nearly doubling current levels. Management aims to raise distributions to $2/unit as production ramps, potentially boosting yield to 13% and supporting a $25 price target in 3–5 years.

Black Stone Minerals' SVP sold 30,276 common units for a transaction value of ~$462,000 on March 5, 2026. The transaction represented 100.00% of Putman's direct common unit holdings, reducing direct ownership to zero.

Black Stone's Q4 2025 production was around 32,100 BOEPD, with 2025 averaging approximately 34,600 BOEPD. At guidance midpoint, Black Stone expects 34,500 BOEPD in 2026 production, with production ramping up during the year. At the current strip, I project Black Stone to have 1.06x distribution coverage with a $0.30 per unit quarterly distribution.