Black Stone Minerals reports Q2 EPS 29c, consensus 36c

Reports Q2 revenue $109.62M, consensus $119.59M. Black Stone Minerals reported mineral and royalty volumes of 38.2 MBoe/d for the second quarter of 2024, compared to 38.1 MBoe/d for the first quarter of 2024 and 33.6 MBoe/d for the second quarter of 2023. Thomas L. Carter, Jr., Black Stone Minerals’ Chairman, Chief Executive Officer and President, commented, “As previously announced, the second quarter distribution is consistent with first quarter’s distribution, with the strong foundation of our comprehensive commercial strategy and capital discipline ensuring our ability to focus on long-term decision making. Throughout the second quarter we continued to add strategic, targeted mineral and royalty interest acquisitions that further enhance our existing assets and provide a long runway for development in combination with our organic growth strategy.”