NYSE$BSM
Black Stone Minerals LP · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Black Stone Minerals reported financial results for the second quarter of 2024.
Black Stone Minerals reported a net income of $68.3 million for the second quarter of 2024. The company's mineral and royalty production averaged 38.2 MBoe/d, while total production was 40.4 MBoe/d. They announced a distribution of $0.375 per unit with a distribution coverage of 1.17x. The company had no debt outstanding and approximately $61 million in cash on hand as of August 2, 2024.
- Mineral and royalty production averaged 38.2 MBoe/d for the second quarter of 2024.
- Net income for the second quarter was $68.3 million, with Adjusted EBITDA totaling $100.2 million.
- Distributable cash flow was $92.5 million for the second quarter.
- A distribution of $0.375 per unit was announced for the second quarter of 2024, with a distribution coverage of 1.17x.
Headline financials
Revenue & EPS history
Black Stone Minerals · Revenue · Quarterly
$110M
Revenue by segment
Black Stone Minerals · $110M total across 4 segments · Q3 2023
- Oil & condensate sales$85.7M+6.8%78.1%
- Natural gas & NGL sales$48.8M-64.6%44.5%
- Lease bonus & other income$2.18M-31.0%2.0%
- Derivative gains-$26.9M-469.7%-24.5%
Forward guidance
Black Stone Minerals has commodity derivative contracts in place covering portions of its anticipated production for 2024 and 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
-1.3%
Avg return
30 days after
56%
25 / 45 earnings
Positive
+7.2%
Q2 2018
Best reaction
-11.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.3% | -6.1% | -2.0% | |
| Q4 2025 | +0.7% | +1.6% | +3.1% | |
| Q3 2025 | +2.2% | +1.6% | +10.8% | |
| Q2 2025 | +1.1% | -3.2% | -3.6% | |
| Q1 2025 | -1.7% | -3.8% | -4.9% | |
| Q4 2024 | +1.1% | +0.1% | +2.3% | |
| Q3 2024 | +1.2% | +0.3% | +0.9% | |
| Q2 2024 | +2.2% | +0.4% | +0.7% | |
| Q1 2024 | -0.5% | -4.1% | -4.0% | |
| Q4 2023 | +0.1% | +1.2% | +3.4% | |
| Q3 2023 | +2.1% | +3.6% | -1.0% | |
| Q2 2023 | -2.8% | -0.5% | -2.2% | |
| Q1 2023 | -6.5% | -5.7% | -5.3% | |
| Q4 2022 | +0.5% | -0.4% | -5.8% | |
| Q3 2022 | +3.4% | +5.7% | +0.4% | |
| Q2 2022 | -0.3% | -1.7% | +2.2% | |
| Q1 2022 | -0.4% | -3.0% | +3.7% | |
| Q4 2021 | +0.5% | +4.8% | +11.7% | |
| Q3 2021 | -0.9% | -2.8% | -14.1% | |
| Q2 2021 | +0.2% | -0.2% | -3.4% | |
| Q1 2021 | +3.4% | +3.6% | -0.5% | |
| Q4 2020 | -1.4% | -5.5% | -7.2% | |
| Q3 2020 | -0.8% | +8.8% | +19.3% | |
| Q2 2020 | +3.4% | +4.6% | -3.7% | |
| Q1 2020 | +7.0% | +17.6% | +19.7% | |
| Q4 2019 | -11.8% | -12.5% | -54.9% | |
| Q3 2019 | +0.4% | +1.8% | -8.9% | |
| Q2 2019 | -2.3% | -3.2% | -5.2% | |
| Q1 2019 | +3.5% | -2.0% | -9.9% | |
| Q4 2018 | -2.1% | -2.8% | -3.7% | |
| Q3 2018 | +4.9% | +0.7% | -2.3% | |
| Q2 2018 | +7.2% | +11.1% | +7.7% | |
| Q1 2018 | +2.6% | +5.0% | +2.0% | |
| Q4 2017 | -3.5% | -4.1% | -8.9% | |
| Q3 2017 | -2.7% | -1.4% | -2.8% | |
| Q2 2017 | +0.5% | +4.0% | +6.6% | |
| Q1 2017 | +6.5% | +6.5% | +0.2% | |
| Q4 2016 | -0.5% | -1.0% | -7.6% | |
| Q3 2016 | +4.9% | +3.1% | +8.9% | |
| Q2 2016 | -1.9% | -4.2% | +6.2% | |
| Q1 2016 | -2.5% | — | — | |
| Q4 2015 | +4.2% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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