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Black Stone Minerals (BSM)
NYSE:BSM
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.27Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 2.74%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong performance in oil assets and strategic acquisitions, despite challenges with natural gas price volatility and slight declines in production volumes. The company is optimistic about its 2025 prospects, supported by constructive pricing fundamentals and strategic drilling agreements.Company Guidance
During the Black Stone Minerals fourth-quarter and full-year 2024 earnings call, the company provided detailed guidance for 2025, emphasizing an expected increase in production from 2024 levels. Mineral and royalty production was reported at 34,800 BOE per day for Q4 and 36,600 BOE per day for the full year, while total production volumes were 36,100 BOE per day for Q4 and 38,500 BOE per day for the year. Net income for Q4 was $46.3 million, with an adjusted EBITDA of $90.1 million, whereas for the full year, net income stood at $271.3 million with adjusted EBITDA reaching $380.9 million. The company maintained a distribution of $0.375 per unit for the quarter or $1.50 on an annualized basis, with a distributable cash flow of $81.9 million, equating to a 1.03 times coverage. The 2025 guidance includes plans to leverage high-interest development activities, particularly in East Texas and Louisiana Haynesville, with significant rig operations projected, and anticipates maintaining lease bonus, operating expense, and production costs in line with 2024 metrics.Strong Oil and Gas Assets Performance
Despite weak natural gas pricing in the second half of 2024, Black Stone Minerals remained within production guidance and maintained distributions at $0.375 for Q4, supported by strong oil assets.
Significant Acquisitions
Black Stone Minerals acquired $43 million in minerals and royalty acquisitions during Q4, totaling $130 million since September 2023.
Solid Financial Metrics
Net income for Q4 was $46.3 million, with adjusted EBITDA at $90.1 million. For the full year 2024, net income was $271.3 million, and adjusted EBITDA totaled $380.9 million.
Positive Outlook for 2025
Encouraged by stronger natural gas pricing fundamentals and robust oil production, Black Stone Minerals expects increased production in 2025, driven by high-interest development activity.
Strategic Drilling and Development Agreements
Accelerated development agreements in the Louisiana Haynesville and Permian Basin expected to bring more wells online in 2025, signaling continued growth opportunities.
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BSM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BSM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $14.94 | $15.11 | +1.14% |
| Nov 04, 2024 | $14.22 | $14.19 | -0.21% |
| Aug 05, 2024 | $13.17 | $13.56 | +2.96% |
| May 06, 2024 | $15.14 | $15.04 | -0.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Black Stone Minerals (BSM) report earnings?
Black Stone Minerals (BSM) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Black Stone Minerals (BSM) earnings time?
Black Stone Minerals (BSM) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BSM EPS forecast?
BSM EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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