Black Stone Minerals Q2 adjusted EBITDA beats expectations, net income rises

Black Stone Minerals LP

04/08/2025 22:44

Overview

Black Stone Q2 adjusted EBITDA beats analyst expectations, per LSEG data

Net income for Q2 rises to $120 mln

Distribution per unit decreases 20% from prior quarter

Outlook

Black Stone lowers 2025 production guidance to 33-35 MBoe/d

Black Stone anticipates production growth in 2026

Result Drivers

DELAYED ACTIVITY - Lower production attributed to delayed increases in natural gas weighted activity

STRATEGIC PARTNERSHIPS - New partnerships and acquisitions aimed at enhancing mineral positions and supporting growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Oil & Gas Revenue
$102 mln
Q2 EPS
$0.53
Q2 Net Income
$120 mln
Q2 Adjusted EBITDA
Beat
$84.20 mln
$83.40 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

Wall Street's median 12-month price target for Black Stone Minerals LP is $15.50, about 18.7% above its August 4 closing price of $12.60

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBwb5NZRQa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)