Black Stone Minerals (BSM) Misses Q2 EPS by 5c, Revenues Miss; Raising FY Production Guidance
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Black Stone Minerals, L.P. Reports Record Quarterly Results and Declares Increased Cash Distribution on Common and Subordinated Units; Raises Production Guidance for Full Year 2018
August 6, 2018 4:49 PM EDTHOUSTON--(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 second quarter of 2018 and recent developments after quarter-end.
Highlights
Reported total quarterly production of 44.7 Mboe/d, an increase of 5% over the first quarter of 2018. Royalty volumes increased by 9% over first quarter while working interest volumes declined by 2%. Reported oil and gas revenues of $131.1 million and lease bonus and other income of $11.6 million for the quarter.... More