Black Stone Minerals, L.P. Reports Second Quarter Results
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Black Stone Minerals (BSM) Misses Q2 EPS by 24c, Revenues Miss
August 3, 2020 5:03 PM EDTBlack Stone Minerals (NYSE: BSM) reported Q2 EPS of ($0.07), $0.24 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $38.53 million versus the consensus estimate of $84.64 million.
Highlights
Total mineral and royalty production for the second quarter of 2020 equaled 34.0 MBoe/d, a decrease of 7.3% over the prior quarter; total production, including working interest volumes, was 42.6 MBoe/d for the quarter.Net income (loss) and Adjusted EBITDA for the quarter totaled $(8.4) million and $72.4 million, respectively.Distributable cash flow was $64.4 million for the second quarter, resulting in distribution... More