Black Stone Minerals, L.P.
Description
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.
About
CEO
Mr. Thomas L. Carter Jr.
Employees
0
Instrument type
Limited Partnership
Sector
Energy
Industry
Oil & Gas E&P
MIC code
XNYS
Address
1001 Fannin Street, Houston, TX 77002, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 4, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 18, 2025 | 0.38 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 2 |
| Average estimate | — | 0.36 | — | 1.47 |
| Low estimate | — | 0.32 | — | 1.31 |
| High estimate | — | 0.40 | — | 1.62 |
| Last year EPS | — | 0.39 | — | 1.49 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-28.800%
Next qtr. (Mar 2025)
-7.480%
Current year
-14.730%
Next year (Dec 2025)
-1.680%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 501.10M | 784.28M | 505.73M | 296.64M | 492.78M |
| Cost of revenue | 114.05M | 126.42M | 123.88M | 139.51M | 187.78M |
| Gross profit | 387.05M | 657.87M | 381.85M | 157.13M | 304.99M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 51.46M | 53.65M | 48.75M | 42.98M | 63.35M |
| Other operating expenses | 3.19M | 1.05M | 2.16M | 1.16M | 1.51M |
| Operating income | 332.41M | 603.16M | 330.95M | 112.98M | 240.13M |
| Non operating interest income | |||||
| Income | 1.87M | 53,000 | 1,000 | 35,000 | 159,000 |
| Expense | 2.75M | 6.29M | 5.64M | 10.41M | 21.44M |
| Other income expense | 91.03M | -120.45M | -143.33M | 19.21M | -4.48M |
| Pretax income | 422.55M | 476.48M | 181.99M | 121.82M | 214.37M |
| Tax provision | — | — | — | — | — |
| Net income | 422.55M | 476.48M | 181.99M | 121.82M | 214.37M |
| Basic EPS | 1.91 | 2.18 | 0.77 | 0.49 | 1.01 |
| Diluted EPS | 1.88 | 2.12 | 0.77 | 0.49 | 1.01 |
| Basic average shares | 209.97M | 209.38M | 208.18M | 206.71M | 205.97M |
| Diluted average shares | 209.97M | 209.38M | 208.18M | 206.71M | 205.97M |
| EBITDA | 379.80M | 651.23M | 392.27M | 195.12M | 350.34M |
| Net income from continuing op. | 422.55M | 476.48M | 181.99M | 121.82M | 214.37M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.27B | 1.27B | 1.25B | 1.24B | 1.55B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 70.28M | 4.31M | 8.88M | 1.80M | 8.12M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 77.56M | 129.08M | 93.01M | 58.18M | 71.02M |
| Other receivables | 4.69M | 6.62M | 4.14M | 3.73M | 7.19M |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | 1.96M | 1.67M | 1.17M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | 38.27M | 31.47M | — | 1.15M | 14.79M |
| Other current assets | 2.32M | 1.91M | 1.96M | 1.67M | 1.17M |
| Non current assets | |||||
| Properties | 15.17M | 14.72M | 14.37M | 13.94M | 13.92M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.98B | -1.93B | -1.88B | -2.00B | -1.88B |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 8.26M | 9.45M | 13.22M | 5.32M | 8.69M |
| Total liabilities | 49.54M | 61.27M | 184.29M | 185.01M | 448.40M |
| Current liabilities | |||||
| Accounts payable | 6.27M | 6.77M | 5.94M | 3.41M | 5.31M |
| Accrued expenses | 2.58M | 2.25M | 2.91M | 2.08M | 5.51M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 6.38M | 7.43M | 5.70M | 8.43M | 8.13M |
| Pensions | 8.04M | 10.05M | 8.98M | 5.06M | 9.06M |
| Other current liabilities | 2.56M | 4.23M | 53.61M | 20.97M | 1.79M |
| Non current liabilities | |||||
| Long term debt | — | 10.00M | 89.00M | 121.00M | 394.00M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | 81,000 | 16,000 | 2.00M | 1.85M | 18,000 |
| Other non current liabilities | 2.89M | 3.61M | 2.75M | 4.07M | 6.82M |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | — | — | — | — | — |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 1.22B | 1.21B | 1.06B | 1.06B | 1.10B |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 422.55M | 476.48M | 181.99M | 121.82M | 214.37M | 295.56M | 157.15M | 20.19M | -101.31M | 169.19M | 168.96M |
| Depreciation | 45.68M | 47.80M | 61.02M | 82.02M | 109.58M | 122.65M | 114.53M | 102.49M | 104.30M | 111.96M | 102.44M |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 10.83M | 17.39M | 12.22M | 3.73M | 20.48M | 30.13M | 33.04M | 43.14M | 18.00M | 11.34M | 6.78M |
| Other Non-Cash Items | 84.57M | -200.90M | -109.48M | 83.31M | 29.64M | -28.29M | 16.89M | 46.24M | 65.09M | -67,000 | 3.01M |
| Accounts Receivable | 53.05M | -39.51M | -34.86M | 16.49M | 35.04M | -31.53M | -6.08M | -29.76M | 33.59M | 17.21M | -15.05M |
| Accounts Payable | -3.83M | 3.01M | 2.65M | -5.93M | -1.19M | 11.47M | -5.67M | -23.90M | 11.22M | 8.00M | -7.09M |
| Other Assets & Liabilities | — | — | — | — | -380,000 | -129,000 | -2.09M | -870,000 | -660,000 | -2.59M | -33,000 |
| Operating Cash Flow | 612.86M | 304.27M | 113.55M | 301.43M | 407.55M | 399.87M | 307.78M | 157.52M | 130.23M | 315.05M | 259.04M |
| Investing Activities | |||||||||||
| Capital Expenditures | -19.74M | -1.22M | -14.32M | 151.25M | -48.62M | -163.80M | -454.25M | -221.54M | -91.00M | -101.11M | -195.63M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -19.74M | -1.22M | -14.32M | 151.25M | -48.62M | -163.80M | -454.25M | -221.54M | -91.00M | -101.11M | -195.63M |
| Financing Activities | |||||||||||
| Long-Term Debt Issuance | 64.00M | 339.00M | 212.00M | 160.00M | 334.50M | 373.50M | 292.50M | 349.00M | 245.60M | 230.00M | 134.00M |
| Long-Term Debt Payments | -74.00M | -418.00M | -244.00M | -433.00M | -350.50M | -351.50M | -220.50M | -99.00M | -573.60M | -287.00M | -46.10M |
| Other Financing Charges | -216,000 | -2.94M | -3.60M | — | — | -3.16M | -3.20M | -350,000 | -1.58M | 101,000 | -62.28M |
| Financing Cash Flow | -435.54M | -428.34M | -267.48M | -712.38M | -377.39M | -199.80M | 240.27M | 271.43M | -523.31M | -310.34M | -142.31M |
| Other Cash Details | |||||||||||
| End Cash Position | 70.28M | 4.31M | 8.88M | 1.80M | 8.12M | 5.41M | 5.64M | 9.77M | 13.23M | 14.80M | 30.12M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 1.74M | 4.33M | 4.04M | 9.45M | 20.47M | 19.76M | 14.76M | 6.54M | 5.48M | 12.75M | 10.34M |
| Free Cash Flow | 501.44M | 412.42M | 242.25M | 276.99M | 301.42M | 88.04M | -202.67M | -25.08M | 168.03M | 275.55M | 125.06M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| First Trust Multi Asset Diversified Income Index Fund | Nov 30, 2024 | 376,341 | 5.61M | 0.18% |
| Spirit of America Energy Fund | Dec 31, 2024 | 244,999 | 3.65M | 0.12% |
| GraniteShares ETF Tr-GraniteShares HIPS U.S. High Income ETF | Sep 30, 2024 | 145,417 | 2.17M | 0.07% |
| Concorde Wealth Management Fund | Sep 30, 2024 | 100,336 | 1.50M | 0.05% |
| Invesco ETF Tr-Invesco Zacks Multi Asset Income ETF | Nov 30, 2024 | 88,954 | 1.33M | 0.04% |
| LoCorr Spectrum Income Fund | Sep 30, 2024 | 63,568 | 947,163 | 0.03% |
| Global X Fds-Global X Alternative Income ETF | Nov 30, 2024 | 28,490 | 424,500 | 0.01% |
| Financial Investors Tr-ALPS/CoreCommodity Natural Resources ETF | Oct 31, 2024 | 11,524 | 171,707 | 0.01% |
| ETFis Ser Tr I-Virtus Real Asset Income ETF | Oct 31, 2024 | 11,838 | 176,386 | 0.01% |
| ETF Series Solutions-Distillate Small/Mid Cash Flow ETF | Sep 30, 2024 | 30,892 | 460,290 | 0.01% |
Article
Black Stone Minerals, L.P. Announces Distribution and Schedules Earnings Call to Discuss Fourth Quarter and Full-Year 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 fourth quarter of 2024. Additionally, the Partnership announced the date of its fourth quarter and full-year 2024 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 fourth quarter of 2024, consistent with the prio.
Feb 5, 2025
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Is the Options Market Predicting a Spike in Black Stone Minerals (BSM) Stock?
Investors need to pay close attention to Black Stone Minerals (BSM) stock based on the movements in the options market lately.
Dec 30, 2024
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Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 Levels
Black Stone Minerals reported 1x distribution coverage for Q3 2024. It saw an 8% quarter-over-quarter production decline. BSM's Q4 2024 distribution coverage should increase slightly even if its production declines a bit further in the near term.
Dec 12, 2024
