BSM

Black Stone Minerals remains a buy despite a headline earnings miss, as distributable cash flow and coverage improved meaningfully in Q3 2026. BSM's Q3 distributable cash flow rose to $93M, coverage increased to 1.25x, and the distribution per unit was raised to $0.35, yielding about 9.5%. The Caturus agreement expansion and near-term well development underpin forward growth, with a strong balance sheet supporting capital needs.

Black Stone Minerals NYSE: BSM reported higher production, cash flow and distributable cash flow in the third quarter of 2026, supported by increased natural gas volumes from the Haynesville and Bossier formations, higher Permian oil volumes and elevated oil prices.

Black Stone Minerals, L.P. Common Units ( BSM ) Q3 2026 Earnings Call November 3, 2026 10:00 AM EST Company Participants Natalie Gentry Liddell Taylor DeWalch - Co-CEO, President & Director of Black Stone Minerals GP L.L.C.

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Partnership") today announces its financial and operating results for the third quarter of 2026. Financial and Operational Highlights Net income for the third quarter was $52.4 million, and Adjusted EBITDA for the quarter totaled $104.1 million. Distributable cash flow was $93.0 million for the third quarter. Mineral and royalty production for the third quarter of 2026 equaled 34.5 M.

I track dividend announcements across 1,200+ stocks. This week, 42 companies increased their dividend, including two stocks I own. Part 2 highlights 17 stocks with streaks below 10 years. First BanCorp (FBP) stands out with a 25% dividend hike, 3.65% forward yield, and the highest ACN (23.9), though it trades near fair value. Western Digital (WDC) offers 34.69% upside to fair value and strong safety metrics, but its forward yield is just 0.20% and dividend consistency is weak.

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Partnership”) today declared the distribution attributable to the third quarter of 2026. Additionally, the Partnership announced the date of its third quarter 2026 earnings call. Common Distribution The Board of Directors of Black Stone's general partner has approved a cash distribution of $0.35 per common unit attributable to the third quarter of 2026. This represents an increase of approximately 9%.

Black Stone Minerals is reiterated as a BUY with a $25 price target over 3-5 years, driven by growth in production and distributions. BSM raised its distribution by 7% to $1.28 annualized (8.73% yield), with management signaling confidence in a production ramp from new drilling agreements. Production is set to accelerate as operators like Adamas, Caturus, and Blue Arrow ramp up drilling, supporting the potential for distributions to surpass $1.90 by 2029.

Black Stone Minerals NYSE: BSM reported second-quarter results marked by lower overall production but stronger oil pricing, continued mineral acquisitions and expanding development activity across its Shelby Trough and Haynesville acreage.

Black Stone Minerals, L.P. Common Units (BSM) Q2 2026 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Partnership") today announces its financial and operating results for the second quarter of 2026. Financial and Operational Highlights Net income for the second quarter was $106.4 million, and Adjusted EBITDA for the quarter totaled $91.3 million. Distributable cash flow was $80.4 million for the second quarter. Mineral and royalty production for the second quarter of 2026 equaled 32.