Black Stone Minerals LP (N:BSM)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 1001 Fannin St Ste 2020
HOUSTON TX 77002-6715
Tel: N/A
Website: https://www.blackstoneminerals.com
IR: See website
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Key People
Thomas L. Carter
Chairman of the Board, President, Chief Executive Officer of General Partner
Evan M. Kiefer
Chief Financial Officer, Senior Vice President, Treasurer of General Partner
Luke Stevens Putman
Senior Vice President, General Counsel, Secretary of General Partner
Carrie P. Clark
Senior Vice President - Land and Commercial
Dawn Klingler Smajstrla
Chief Accounting Officer, Vice President of General Partner
 
Business Overview
Black Stone Minerals, L.P. is an owner and manager of oil and natural gas mineral interests in the United States. The Company's principal business is maximizing the value of its existing mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. It owns mineral interests in approximately 16.8 million gross acres. It also owns nonparticipating royalty interests (NPRIs) in 1.8 million gross acres and overriding royalty interests (ORRIs) in 1.6 million gross acres. The Company owns mineral and royalty interests in 41 states in the continental United States, including all of the onshore producing basins. Many of these interests are in active resource plays, including the Haynesville/Bossier shales in East Texas/Western Louisiana, the Wolfcamp/Spraberry/Bone Springs in the Permian Basin, the Bakken/Three Forks in the Williston Basin, and the Eagle Ford shale in South Texas.
Financial Overview
For the fiscal year ended 31 December 2023, Black Stone Minerals LP revenues decreased 11% to $592.2M. Net income applicable to common stockholders decreased 12% to $400.8M. Revenues reflect Natural gas and natural gas liquids sale decrease of 54% to $200.3M, Oil and condensate sales decrease of 14% to $288.3M. Net income also reflects Production Costs per Unit - Average increase of less than 1% to $17.05 per barrel.
Employees: 108 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,560M as of Dec 31, 2023
Annual revenue (TTM): $592.22M as of Dec 31, 2023
EBITDA (TTM): $469.21M as of Dec 31, 2023
Net annual income (TTM): $400.77M as of Dec 31, 2023
Free cash flow (TTM): $81.61M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 225,024,696 as of Feb 16, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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