Black Stone Minerals (BSM) Misses Q4 EPS by 25c

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Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2016 Results and Provides Guidance for 2017

February 27, 2017 4:40 PM EST

HOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone Minerals, Black Stone, or the Partnership) today announces its financial and operating results for the fourth quarter and full year of 2016 and provides guidance for 2017.

Highlights

Full year 2016 production of 31.7 MBoe/d, at the high end of annual guidance. Reported 2016 net income of $20.2 million and Adjusted EBITDA of $262.3 million. Proved reserves at year-end 2016 totaled 63.4 MMBoe, an increase of 27% over prior year driven largely by development activity in the East Texas Haynesville/Bossier play, and were... More