Black Stone Minerals ( (BSM) ) has issued an announcement.
Black Stone Minerals announced its financial results for the fourth quarter and full year of 2024, reporting a slight decrease in production volumes due to lower natural gas prices. Despite these challenges, the company maintained a stable distribution to shareholders and reduced its total debt significantly by the end of February 2025. Looking forward, Black Stone anticipates a positive 2025 with increased activity on high-interest acreage and expects a 2% growth in production driven by strong natural gas prices. The company plans to continue its mineral acquisition program, which is expected to provide long-term benefits to shareholders.
More about Black Stone Minerals
Black Stone Minerals, L.P. operates in the energy sector, focusing on mineral and royalty interests in oil and natural gas properties across the United States. The company is known for its strategic acquisitions and management of assets in various basins, including the Shelby Trough, Louisiana Haynesville, and Permian Basin.
YTD Price Performance: 4.93%
Average Trading Volume: 531,196
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.15B
Learn more about BSM stock on TipRanks’ Stock Analysis page.