Black Stone Minerals L P 's (BSM) Outlook

Company Name, Ticker, Customers, else..

Black Stone Minerals L p (NYSE: BSM)

Sector • Energy Industry • Oil And Gas Production

Industry • Oil And Gas Production

Sector • Energy

Black Stone Minerals L p Outlook

On February 20 2024 the Black Stone Minerals L p provided following guidance

come for the fourth quarter of 2023 was $58.7 million, or $0.38 per unit Distributable cash flow for the fourth quarter was $63.4 million, or $0.40 per unit Full Year 2023 Highlights Mineral and royalty production for the full year of 2023 averaged 39.5 MBoe/d, an increase of 4% over 2022 Total production, including working interest volumes, was 41.7 MBoe/d for the year Net income for the full year was $241.3 million, or $1.58 per unit Distributable cash flow for the full year was $253.6 million, or $1.66 per unit 2024 Guidance Black Stone Minerals provides guidance for 2024, including an estimated production range of 40-43 MBoe/d and a capital expenditure budget of $150-175 million Additionally, the Company expects net income for 2024 to be in the range of $250-280 million, with distributable cash flow projected to be $260-290 million Black Stone Minerals remains focused on its strategy of acquiring and managing oil and gas mineral and royalty assets, with a goal of generating strong returns for its unitholders.

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