Black Stone Minerals LP (BSM)
NYSE:BSM
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.22Last Year’s EPS
0.53Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance with a notable quarter-over-quarter production increase (16%), solid cash flow (DCF $76.5M) and continued capital deployment (> $250M since 2023), along with encouraging well results (Congo wells ~30 MMcf/d) and active drilling across multiple basins. Negative elements were primarily short-term and situational: a loss of well control incident at one operator under investigation, significant commodity price volatility that temporarily pressured realizations, and uncertainty about near-term operator responses to pricing. Management maintained 2026 guidance and emphasized confidence in long-term growth, suggesting the positives materially outweigh the near-term headwinds.Company Guidance
Meaningful Quarter-over-Quarter Production Increase
Mineral and royalty production of 35.9 MBoe/d, total production 37.0 MBoe/d, representing a 16% increase in mineral and royalty production versus the prior quarter.
Solid Financial Results and Cash Flow
Net income of $13.3 million, adjusted EBITDA of $87 million, and distributable cash flow of $76.5 million for the quarter, supporting a declared distribution of $0.30 for the quarter ($1.20 annualized). Distributable cash flow coverage was 1.2x for the period.
Active Capital Deployment and Acreage Acquisitions
Acquired $12 million of mineral and royalty acreage during the quarter; total deployment under the Haynesville expansion program since 2023 now exceeds $250 million.
Strong Operational Activity and Well Results
Operators under development agreements drilled and completed multiple wells — Adamas spud 4 wells and turned online 7 wells during the quarter. Notable Congo wells in Southern San Augustine County delivered strong initial rates, reaching 30 MMcf/d.
Robust Rig Count and Portfolio Momentum
13 active rigs across Angelina, Nacogdoches and San Augustine counties (operators include Adamas, Apex, EXCO and Rockliff); ongoing drilling in Southern Anderson and Western Haynesville; active marketing of an additional ~300,000 gross mineral acres for expansion.
Maintained 2026 Production Guidance and Positive Long-Term Outlook
Company reiterated 2026 guidance, expects production growth versus 2025 as development ramps; favorable long-term natural gas fundamentals cited (LNG exports, power and data center demand, industrial activity), and strategic proximity to Gulf Coast demand centers.
BSM Earnings History
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 |
|---|---|---|---|
May 04, 2026 | $13.92 | $13.38 | -3.86% |
Feb 23, 2026 | $14.53 | $14.89 | +2.49% |
Nov 03, 2025 | $12.27 | $12.50 | +1.83% |
Aug 01, 2025 | $11.49 | $11.53 | +0.32% |
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 LP (BSM) report earnings?
Black Stone Minerals LP (BSM) is schdueled to report earning on Aug 03, 2026, After Close (Confirmed).
What is Black Stone Minerals LP (BSM) earnings time?
Black Stone Minerals LP (BSM) earnings time is at Aug 03, 2026, 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 2026 (Q2) is 0.22.