Black Stone Minerals (BSM) Misses Q4 EPS by 10c, Revenues Miss
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Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2019 Results; Provides Guidance for 2020
February 24, 2020 5:00 PM ESTHOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone Minerals, Black Stone, or the Company) today announces its financial and operating results for the fourth quarter and full year of 2019 and provides guidance for 2020.
Fourth Quarter 2019 Highlights
Reported total production in the fourth quarter of 46.2 MBoe/d. Recognized net income and Adjusted EBITDA for the quarter of $40.0 million and $100.0 million, respectively. Reported Distributable cash flow of $90.2 million, resulting in distribution coverage for all units of 1.5x based on the announced cash distribution of $0.30 per... More