Black Stone Minerals, L.P. (BSM)
BSM Price and Sentiment
BSM Latest news
Kimbell Royalty Partners offers investors an often overlooked way to capitalize on higher oil prices whilst generating income, but their peers offer more exciting options. Their financial performance broadly tracks the price of oil with their variable distribution policy seeing a 75/25 split between distributions and deleveraging.
Black Stone Minerals was heavily impacted by the severe downturn of 2020 and still saw soft results in early 2021 due to their inherent time-delayed earnings. Thankfully, the second quarter of 2021 has marked an inflection point with a recovery starting, which helped see a double-digit distribution increase.
Black Stone Minerals, L.P. (BSM) CEO Tom Carter on Q2 2021 Results - Earnings Call Transcript
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 second quarter of 2021. Financial and Operational Highlights Mineral and royalty production for the second quarter of 2021 equaled 32.5 MBoe/d, an increase of 5% over the prior quarter; total production, including working interest volumes, was 38.2 MBoe/d for the quarter. Net income and Adjusted EBITDA for the quar
Black Stone Minerals (BSM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Black Stone Minerals, L.P. Announces Distribution Increase, New Sustainability Initiative, and Timing of Earnings Call to Discuss Second Quarter 2021 Results2021-07-26 16:30
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today declared the distribution attributable to the second quarter of 2021. Additionally, the Company announced a new sustainability initiative and the date of its second quarter 2021 earnings call. Common Distribution The Board of Directors of the general partner (the “Board”) has approved a cash distribution for common units attributable to the second quarter of 2021 of $0.25 per unit. Th
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone” or “the Company”) today announced that Carrie P. Clark will join the Company's executive team as Senior Vice President, Land & Legal on August 2, 2021. In that role, she will oversee Black Stone's Land and Land Administration groups. Steve Putman will continue in his current role as Senior Vice President, General Counsel, and Secretary. Thomas L. Carter, Jr., Black Stone's Chairman and Chief Executive Officer, c
Black Stone Minerals (BSM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Black Stone Minerals offers investors a juicy dividend and upside exposure to rising commodity prices. The company is undervalued, with several fields under development that could be worth a significant portion of BSM's market cap on their own.
Black Stone Minerals started 2021 by partly unwinding their massive distribution reductions from 2020 and appeared set to see their high 7% yield grow even higher. When looking at their results for the first quarter of 2021, their operating cash flow was still soft and decreased for the third straight consecutive quarter.