The earnings call presented a mix of positive developments and challenges. The company announced significant new agreements and acquisitions, signaling potential future growth, particularly in natural gas production. However, current production growth has been slower than expected, leading to reduced distributions and revised guidance. The sentiment is balanced between optimism for future growth and current challenges.

Company Guidance

During the Blackstone Minerals Second Quarter 2025 Earnings Conference Call, the company provided updated guidance and insights into its operational strategies. The revised 2025 production guidance anticipates an average of 33,000 to 35,000 BOE per day, reflecting slower-than-expected natural gas production growth, particularly in the Shelby Trough and Haynesville/Bossier play. Despite a reduction in distribution to $0.30 per unit for the quarter, the company remains optimistic about future production growth, forecasting an incremental increase of 3,000 to 5,000 BOE per day in 2026. Key developments include a significant $31 million in minerals and royalty acquisitions during the quarter, bringing total acquisitions since September 2023 to approximately $172 million, and ongoing marketing of an additional 180,000 gross acre area, which is expected to more than double drilling obligations over the next five years. The company projects increased activity and production through agreements with operators like Revenant, with expected commencement in 2026, and in the Permian Basin with Coterra, supporting a constructive outlook for natural gas and enhanced long-term shareholder value.

Development Agreement with Revenant

Blackstone Minerals announced a development agreement with Revenant and is marketing an additional 180,000 gross acre area. These efforts are expected to more than double drilling obligations over the next 5 years, providing significant natural gas growth.

Minerals and Royalty Acquisitions

The company added $31 million in minerals and royalty acquisitions during the quarter, bringing total acquisitions since September 2023 to about $172 million.

Net Income and EBITDA

Net income for the second quarter was $120 million with adjusted EBITDA of $84.2 million.

Positive Outlook for Natural Gas and Oil

The company maintains a constructive outlook for natural gas, supported by growing global demand for LNG, and has a robust oil portfolio across multiple basins.

Black Stone Minerals (BSM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BSM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	0.28 / -	0.41	―	―	―
Aug 01, 2025	2025 (Q2)	0.29 / 0.53	0.29	82.76% (+0.24)	―
May 05, 2025	2025 (Q1)	0.32 / 0.04	0.27	-85.19% (-0.23)	―
Feb 24, 2025	2024 (Q4)	0.37 / 0.18	0.65	-72.31% (-0.47)	―
Nov 04, 2024	2024 (Q3)	0.35 / 0.41	0.27	51.85% (+0.14)	―
Aug 05, 2024	2024 (Q2)	0.36 / 0.29	0.35	-17.14% (-0.06)	―
May 06, 2024	2024 (Q1)	0.35 / 0.27	0.6	-55.00% (-0.33)	―
Feb 20, 2024	2023 (Q4)	0.49 / 0.65	0.82	-20.73% (-0.17)	―
Oct 30, 2023	2023 (Q3)	0.43 / 0.27	0.75	-64.00% (-0.48)	―
Jul 31, 2023	2023 (Q2)	0.38 / 0.35	0.59	-40.68% (-0.24)	―

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

BSM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$12.26	$12.30	+0.33%
May 05, 2025	$13.53	$13.30	-1.70%
Feb 24, 2025	$14.19	$14.35	+1.13%
Nov 04, 2024	$13.50	$13.47	-0.22%

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.

FAQ

When does Black Stone Minerals (BSM) report earnings?

Black Stone Minerals (BSM) is schdueled to report earning on Nov 03, 2025, After Close (Confirmed).

What is Black Stone Minerals (BSM) earnings time?

Black Stone Minerals (BSM) earnings time is at Nov 03, 2025, After Close (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 2025 (Q3) is 0.28.

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