Black Stone Minerals, L.P. Reports First Quarter Results
Black Stone Minerals reported strong Q1 results with mineral and royalty production rising 16% sequentially to 35.9 MBoe/d. Oil and gas revenue increased 30% from the prior quarter to $117.5 million, driven by higher realized prices and increased activity in the Haynesville and Permian basins. The Partnership generated $76.5 million of distributable cash flow, covering the $0.30 per unit distribution 1.20 times. Total debt was reduced to $164.0 million as of May 1, with a borrowing base reaffirmed at $580.0 million.
Key figures
- Eps
- 0.03
- Revenue
- 117500000
- Production mboe per day
- 35.9
- Distributable cash flow usd
- 76500000
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