Black Stone Minerals (BSM) Misses Q3 EPS by 15c; offers guidance

Black Stone Minerals (NYSE: BSM) reported Q3 EPS of $0.27, $0.15 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $109.8 million versus the consensus estimate of $130.66 million.

GUIDANCE:

The Company now expects total production for 2023 to be at the upper end of the guidance range of 37 to 39 Mboe/d. The Company expects lease operating expenses to be in line with the revised guidance range of $11 to $12 million and production costs as a percentage of oil and gas revenues to be in line with the revised guidance range of 10% to 12%. Black Stone expects cash G&A to be on the low end of the guidance range of $42 to $44 million. The Company expects non-cash G&A to be at the low end of the revised guidance range of $11 to $13 million.

For earnings history and earnings-related data on Black Stone Minerals (BSM) click here.

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