Black Stone Minerals Q2 Adjusted EBITDA Beats Estimates by 20% on Higher Oil Prices
BSM sits 31% above its 52-week low of $11.78.
Summary
Black Stone Minerals reported Q2 adjusted EBITDA of $91.3M, beating the $76M consensus by 20%, driven by improved oil pricing and production. Oil and gas revenue fell 2% sequentially to $115.4M, while production volumes dropped 9% from Q1 due to lower Haynesville gas output. Net income came in at $106.4M, or $0.47 per unit. This follows a Q1 where distributions were cut 20% amid derivative losses, making the EBITDA beat a positive signal for cash flow stability. The company highlighted ongoing mineral acquisitions and development agreements, with management encouraged by the long-term natural gas outlook. With the stock trading near its 52-week high of $15.49, the results support the recent price strength.
At the time of this announcement, BSM was trading at $15.40 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $11.78 to $15.49. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.