Black Stone Minerals Reports Record Earnings and Revenue, Surpassing Expectations

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Black Stone Minerals ($NYSE:BSM), a publicly-traded company, has reported record earnings and revenue for the most recent quarter, surpassing all expectations. The company reported a GAAP EPS of $0.60, representing a $0.15 increase over the expected amount. The company’s portfolio of assets consists of fee and leased mineral interests as well as non-operated working interests in oil and natural gas properties.

Share Price

On Monday, the stock of the Houston-based energy and mineral company BLACK STONE MINERALS opened at $16.7 and closed at $16.6, up by 0.1% from the last closing price of $16.5. This closing price signifies a record high earnings and revenue for the company, surpassing analyst expectations. The strong results indicate that BLACK STONE MINERALS is well-positioned to continue to produce record earnings and revenue in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for BSM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for BSM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for BSM. More…

Key Ratios Snapshot

Some of the financial key ratios for BSM are shown below. More…

Analysis

At GoodWhale, we’ve conducted a financial analysis of BLACK STONE MINERALS and have identified it to be a low risk investment. Our Risk Rating takes into account the financial and business aspects of the company and gives an accurate assessment of the potential risks posed by this investment. We’ve also detected 1 risk warning in the balance sheet of BLACK STONE MINERALS. If you’d like to know more about the risk warnings and how to mitigate them, simply register with us and we’ll provide you with detailed information. 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

Adjusted earnings per share (EPS) was $0.60, beating estimates by $0.15, and revenue of $174.58M exceeded expectations by $30.44M. Share price has reacted positively to the news, reflecting investor confidence in its future performance. Analysts have become more bullish on the stock, raising their estimates for future earnings growth. With its attractive dividend yield and strong quarterly results, Black Stone Minerals is an attractive investment for those looking for income and capital appreciation.