CEOs, Q3 net income falls

Black Stone Minerals LP

03/11/2025 22:42

Overview

Black Stone Q3 adjusted EBITDA beats estimates, reflecting operational efficiency

Oil and gas revenue for Q3 decreased 2% from the previous quarter

Company announces leadership succession plan effective January 2026, appoints Fowler Carter and Taylor DeWalch as co-CEOs

Outlook

Company did not provide specific financial guidance for the current quarter or full year in the statement

Result Drivers

PRODUCTION INCREASE - Mineral and royalty production rose 5% in Q3 compared to the prior quarter

DEVELOPMENT ACTIVITY - Aethon Energy's development program on track with wells turned to sales and more expected in 2025

ACQUISITION STRATEGY - Acquired $20.3 mln of mineral and royalty interests in Q3, focusing on Shelby Trough area

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Oil & Gas Revenue
$100.20 mln
Q3 Net Income
$91.70 mln
Q3 Adjusted EBITDA
Beat
$86.30 mln
$81.80 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 $15.00, about 12.7% above its November 3 closing price of $13.10

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

Press Release: ID:nBwbhFWNRa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)