Black Stone Minerals LP ( (BSM) ) has released its Q4 earnings. Here is a breakdown of the information Black Stone Minerals LP presented to its investors.
Black Stone Minerals, L.P. is a prominent owner and manager of oil and natural gas mineral interests in the United States, with a diversified asset base that provides stable production and reserves over time.
In its latest earnings report, Black Stone Minerals announced its financial results for the fourth quarter and full year of 2024, along with guidance for 2025. The company highlighted its ability to maintain production levels despite challenges in natural gas pricing and production, and it emphasized its strategic focus on mineral acquisitions and development activities.
For the fourth quarter of 2024, Black Stone Minerals reported mineral and royalty production of 34.8 MBoe/d and a net income of $46.3 million. Adjusted EBITDA for the quarter was $90.1 million, and distributable cash flow was $81.9 million. The company declared a distribution of $0.375 per common unit. For the full year, the company achieved a net income of $271.3 million and Adjusted EBITDA of $380.9 million, with cash distributions totaling $1.50 per common unit.
Looking ahead, Black Stone Minerals anticipates a positive 2025, driven by stronger gas pricing and increased activity on high-interest acreage. The company expects production growth of around 2% over 2024 levels, with continued focus on mineral acquisitions and development in key areas such as the Shelby Trough, Louisiana Haynesville, and Permian Basin.
Overall, Black Stone Minerals remains optimistic about its future prospects, with plans to advance its mineral acquisition program and capitalize on strong natural gas prices to enhance shareholder value.