Black Stone Minerals (BSM) Tops Q3 EPS by 2c
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Black Stone Minerals, L.P. Reports Third Quarter 2016 Results and Announces Cash Distribution
November 7, 2016 4:37 PM ESTHOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone Minerals or the Partnership) today announced its financial and operating results for the third quarter of 2016.
Highlights
Reported record average production of 35.0 MBoe/d for the third quarter of 2016. Reported oil and gas revenues of $81.8 million, lease bonus and other income of $9.6 million, and a gain on commodity derivative instruments of $7.8 million for the quarter. Generated net income of $37.5 million, Adjusted EBITDA (as defined below) of $74.2 million, and cash available for distribution of... More