BSM Earnings Prediction
The chart below shows how BSM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BSM sees a -1.63% change in stock price 10 days leading up to the earnings, and a +2.01% change 10 days following the report. On the earnings day itself, the stock moves by -0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
BSM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
103.18M
-24.53%
-10.41%
Gross Margin
74.75%
-2.95%
-1.92%
Operating Margin
59.86%
-8.19%
-7.28%
Net Margin
89.87%
97.95%
51.50%
EPS
0.41
51.85%
41.38%
No Data Available
BSM Earnings Analysis
Black Stone Minerals, L.P. Corporation (BSM.N) Earnings Conference Call
Positive
Production Volume Decline: Mineral and royalty production was 35,300 BOE per day in the third quarter, and total production volumes were 37,400 BOE per day, both of which were down a bit from last quarter.
Net Income and EBITDA: Net income was $92.7 million for the third quarter, with adjusted EBITDA being $86.4 million.
Oil and Condensate Revenue: 63% of oil and gas revenue in the quarter came from oil and condensate production.
Distributable Cash Flow: Distributable cash flow for the quarter was $78.6 million, which represents approximately 1x coverage for the quarter.
Credit Facility Reaffirmation: As of November 1, our credit facility was reaffirmed at $580 million with total commitments remaining at $375 million.
Negative
Production Volume Decline: Mineral and royalty production was 35,300 BOE per day in the third quarter, and total production volumes were 37,400 BOE per day, both of which were down a bit from last quarter.
Net Income and EBITDA: Net income was $92.7 million for the third quarter, with adjusted EBITDA being $86.4 million.
Oil Revenue Dependence: 63% of oil and gas revenue in the quarter came from oil and condensate production, indicating a heavy reliance on a single revenue stream.
Distributable Cash Flow: Distributable cash flow for the quarter was $78.6 million, which represents approximately 1x coverage for the quarter.
Limited Liquidity Concerns: We had approximately $43 million of cash as of the end of last week, indicating limited liquidity for future investments.
BSM FAQs
How does BSM typically perform around its earnings report dates?
Is Black Stone Minerals, L.P. Common Units (BSM) Q3 2024 Earnings Call Summary positive or negative?
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BSM Earning Call Sentiment
Black Stone Minerals, L.P. Common Units (BSM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BSM.N
-1.78%Positive
The company's earnings call presented stable financial performance with consistent distribution and strong hedging, but faced production decreases and volatility in natural gas prices. Strategic initiatives and acquisitions indicate growth potential, but risks in market dynamics and regulatory challenges persist. The Q&A revealed ambiguity in management's responses, particularly regarding activity levels and acquisition spending. These mixed signals suggest a neutral sentiment, with no strong catalysts for significant stock price movement. Considering the company's market cap, the stock price is likely to remain within a -2% to 2% range over the next two weeks.
