Black Stone Minerals (BSM) Misses Q2 EPS by 24c, Revenues Miss

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Go back to Black Stone Minerals (BSM) Misses Q2 EPS by 24c, Revenues Miss

Black Stone Minerals, L.P. Reports Second Quarter Results

August 3, 2020 5:00 PM EDT

HOUSTON--(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 second quarter of 2020.

Highlights

Total mineral and royalty production for the second quarter of 2020 equaled 34.0 MBoe/d, a decrease of 7.3% over the prior quarter; total production, including working interest volumes, was 42.6 MBoe/d for the quarter. Net income (loss) and Adjusted EBITDA for the quarter totaled $(8.4) million and $72.4 million, respectively. Distributable cash flow was $64.4 million... More