BLACK STONE MINERALS Reports 36.5% Revenue Increase and 28.4% Net Income Increase in Q4 of FY2022.
March 6, 2023
Earnings report
On December 31, 2022, BLACK STONE MINERALS ($NYSE:BSM) reported their earnings results for FY2022 Q4, which ended on February 22, 2023. The total revenue for the fourth quarter was USD 183.2 million, representing a 36.5% increase compared to the same period in the previous year. This surge in revenue can likely be attributed to BLACK STONE MINERALS’ strategic diversification and increasing investments in the oil and gas sector. The company also reported a 28.4% increase in net income for the quarter, with total net income standing at USD 230.4 million.
This notable increase in income is an indication of the company’s effectiveness in managing their operations and allocating resources efficiently in order to maximize profits. Overall, BLACK STONE MINERALS had a successful quarter and is anticipated to continue to grow and expand their operations in upcoming quarters.
Stock Price
On Wednesday, BLACK STONE MINERALS announced impressive financial results for Q4 of FY2022, reporting a 36.5% increase in revenue and a 28.4% increase in net income compared to the same period last year. Following the announcement, BLACK STONE MINERALS’ stock opened at $16.0 and closed at $15.6, up by 0.7% from the previous closing price of 15.4. Investors are no doubt encouraged by the company’s performance and it will be interesting to see if the positive sentiment continues in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BSM. More…
| Total Revenues | Net Income | Net Margin |
| 663.6 | 455.48 | 71.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BSM. More…
| Operations | Investing | Financing |
| 424.98 | -1.22 | -428.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BSM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.27k | 61.27 | 5.78 |
Key Ratios Snapshot
Some of the financial key ratios for BSM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 27.1% | 72.7% |
| FCF Margin | ROE | ROA |
| 62.1% | 25.9% | 23.7% |
Analysis
At GoodWhale, we recently conducted an analysis of BLACK STONE MINERALS to assess their investment prospects. Our Risk Rating system determined that, based on the key financial data provided, BLACK STONE MINERALS is a safe prospect, with only one risk warning detected in their balance sheet. If you’re interested in learning more about our assessments of BLACK STONE MINERALS, feel free to register with us today. More…
Peers
In the world of oil and gas exploration and production, there are many companies that compete for the same resources. Black Stone Minerals LP is one of these companies, and its main competitors are Falcon Minerals Corp, ProAm Explorations Corp, Dorchester Minerals LP. All of these companies are in the business of acquiring, developing, and operating oil and gas properties.
– Falcon Minerals Corp ($TSXV:PMX)
Ampro is a Canadian company that explores for and develops mineral properties. It has a portfolio of projects in Quebec and Newfoundland & Labrador, Canada. The company’s market capitalization is $413.66 thousand and it has a negative return on equity of 2.84%.
– ProAm Explorations Corp ($NASDAQ:DMLP)
Dorchester Minerals is a publicly traded oil and gas royalty, mineral, and leasehold interest company. The company was founded in 1971 and is headquartered in Dallas, Texas. Dorchester Minerals LP has a market cap of 1.13B as of 2022, a Return on Equity of 39.37%. The company owns interests in producing and non-producing oil, natural gas, and minerals properties in the United States and Canada. Dorchester Minerals’ properties are located in Texas, Louisiana, Oklahoma, New Mexico, Wyoming, Colorado, North Dakota, Montana, Utah, California, Kansas, and Alberta.
Summary
Total revenue increased 36.5% in comparison to the same period in the previous year, to USD 183.2 million. Net income rose 28.4%, to USD 230.4 million. This indicates that Black Stone Minerals has been able to effectively capitalize on market opportunities and increase its investment returns. The stock continued to be a good long-term option for investors due to its strong fundamentals, long-term growth prospects, and attractive dividend yield.
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