Black Stone Minerals, L.P. reported results for the 2026 quarter with revenue of $122.12M and diluted EPS of $0.47, while net income attributable to the general partner and common units was $98.99M versus the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$122.12M$106.71M14.4% | Net income²$98.99M$112.66M(12.1%) | Diluted EPS³$0.47$0.53(11.3%) |
¹ Reported as “Revenue from contracts with customers”. ² Reported as “Net Income Attributable To The General Partner And Common Units”. ³ Reported as “Per common unit (diluted)”.
Business Highlights
- Revenue momentum was driven by higher realized oil prices that lifted oil sales, offsetting lower derivative gains.
- Production volumes were modestly down quarter-over-quarter, but oil production and year-to-date volumes increased, led by growth in the Permian and Bakken.
- Shelby Trough development progressed with multiple joint economic arrangements (Adamas, Revenant, Caturus) active; wells were spud and turned to sales with staged multi-year lateral-foot commitments.
- Leasing activity and non-core acquisitions supported income: higher lease bonus receipts in Haynesville/Bossier, solar surface waivers, and $37.2M of Q2 acquisitions expanding Shelby Trough positions.
Original SEC Filing:
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