Black Stone Minerals (BSM) Declares $0.2625 Quarterly Dividend; 7.7% Yield
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Black Stone Minerals, L.P. Announces Second Quarter 2015 Results and Announces Cash Distribution
August 12, 2015 5:07 PM EDTHOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone Minerals) today announced its financial and operating results for the second quarter of 2015.
Key Second Quarter 2015 Highlights:
Average production of 29.4 MBoe per day, representing growth from the first quarter of 2015 of 1% and year-over-year growth of 11%. Revenues of $64.8 million for the quarter, including unrealized derivative loss of $35.3 million. Net loss of $122.8 million due to non-cash impairment and unrealized derivative loss; Adjusted EBITDA (as defined below) of $71.3 million.... More