Black Stone Minerals LP ( (BSM) ) has released its Q1 earnings. Here is a breakdown of the information Black Stone Minerals LP presented to its investors.
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Black Stone Minerals, L.P. is one of the largest owners 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 first-quarter report for 2025, Black Stone Minerals announced a net income of $15.9 million and an adjusted EBITDA of $82.2 million. The company maintained a quarterly distribution of $0.375 per unit, despite a lower distribution coverage ratio of 0.93x, attributed to strategic expenditures.
Key financial metrics showed a decline in total production to 35.5 MBoe/d, with a notable decrease in working-interest volumes. Oil and gas revenue increased by 6% from the previous quarter, while the company faced a significant loss on commodity derivative instruments amounting to $56.0 million. The company also reported a strategic acquisition of $14.2 million in mineral and royalty interests, further expanding its portfolio.
Looking ahead, Black Stone Minerals remains focused on its growth strategy, emphasizing mineral acquisitions and development activities in high-interest areas like the Shelby Trough and Permian Basin. The management is optimistic about benefiting from near-term development activities and maintaining its financial stability amidst market volatility.