Black Stone Minerals LP ( (BSM) ) has released its Q2 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, focusing on mineral and royalty interests across 41 states.
In its latest earnings report for the second quarter of 2025, Black Stone Minerals reported a net income of $120 million, with an adjusted EBITDA of $84.2 million. The company announced a distribution of $0.30 per unit, a 20% decrease from the previous quarter, and highlighted its strategic development activities in the Shelby Trough area.
Key financial metrics showed a slight decline in production with mineral and royalty volumes at 33.2 MBoe/d, down 3% from the previous quarter. The company reported a total production of 34.6 MBoe/d, with a significant portion being natural gas. Despite a decrease in oil and gas revenue to $102 million, Black Stone saw a substantial gain on commodity derivative instruments amounting to $52.8 million.
Looking ahead, Black Stone Minerals is optimistic about its long-term growth, driven by new development agreements and strategic acquisitions. The company remains focused on disciplined capital management and expects production growth to resume in 2026, with distributions projected to surpass previous records over the next six years.