Black Stone Minerals (BSM) Tops Q3 EPS by 14c
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Black Stone Minerals, L.P. Announces Third Quarter 2015 Results and Announces Cash Distribution
November 9, 2015 4:30 PM ESTHOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone Minerals) today announced its financial and operating results for the third quarter of 2015.
Key Third Quarter 2015 Highlights:
Average production of 29.0 MBoe per day, representing year-over-year growth of 2.5%. Revenues of $137.0 million for the quarter, including unrealized derivative gain of $44.1 million. Net income of $53.9 million; Adjusted EBITDA (as defined below) of $64.8 million. Quarterly distribution coverage ratio of 1.2 times with cash generated from operations available for distribution of $61.1 million.... More