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Black Stone Minerals (BSM)
NYSE:BSM
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Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.37Last Year’s EPS
$0.65Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -2.47%
|Next Earnings Date:Feb 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong financial performance and strategic acquisitions, despite some challenges related to production decreases and natural gas market volatility. The company is well-positioned with a robust hedging strategy and strategic partnerships for future growth.Company Guidance
During the third quarter of 2024 earnings call for Black Stone Minerals, several key metrics and strategic initiatives were discussed. Despite a decrease in production to 35,300 BOE per day for minerals and royalties and 37,400 BOE per day in total, the company maintained its distribution at $0.375 per unit. The call highlighted the successful acquisition of approximately $15 million in minerals and royalty assets, adding to a total of $80 million acquired since Q4 2023. Net income for the quarter was reported at $92.7 million, with adjusted EBITDA of $86.4 million. The company also reaffirmed its credit facility at $580 million and maintained a strong cash position of $43 million. Additionally, Black Stone Minerals has hedged over 60% of its expected gas and oil volumes, with a significant settlement gain from gas hedges due to favorable pricing compared to the market average. These initiatives are aimed at promoting long-term development and value generation for shareholders.Successful Mineral Acquisitions
During the quarter, Black Stone Minerals added about $15 million in minerals and royalty assets, contributing to an ongoing expansion strategy with approximately $80 million acquired since Q4 2023.
Strong Financial Performance
Net income for the third quarter was $92.7 million, with adjusted EBITDA of $86.4 million. The company maintained a distribution of $0.375 per unit, with a distributable cash flow of $78.6 million.
Robust Hedging Strategy
Black Stone Minerals has over 60% of their expected gas and oil volumes hedged for the remainder of 2024, which helped offset low market prices, resulting in a $15 million benefit from gas settlement.
Strategic Development Partnerships
The company is actively working with operators like Aethon and Comstock to promote development in East Texas and Louisiana, with significant production from new wells coming online.
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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 |
|---|---|---|---|
| Nov 04, 2024 | $14.58 | $14.55 | -0.21% |
| Aug 05, 2024 | $13.50 | $13.90 | +2.96% |
| May 06, 2024 | $15.52 | $15.42 | -0.64% |
| Feb 20, 2024 | $14.14 | $13.86 | -1.98% |
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 Feb 24, 2025, TBA Not Confirmed.
What is Black Stone Minerals (BSM) earnings time?
Black Stone Minerals (BSM) earnings time is at Feb 24, 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 2024 (Q4) is $0.37.
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