Quarterly ResultMay 5, 2026, 04:19 PM
Black Stone Minerals Q1 Net Income $13.27M; EPS $0.03
AI Summary
Black Stone Minerals reported Q1 2026 net income of $13.27 million, a decrease from $15.95 million in Q1 2025. While revenue from contracts with customers increased to $123.91 million, total revenue remained flat due to a larger net loss on commodity derivative instruments. The company also saw increased interest expense and credit facility borrowings, though cash and cash equivalents significantly improved.
Key Highlights
- Net income for Q1 2026 was $13.27 million, down from $15.95 million in Q1 2025.
- Basic earnings per common unit decreased to $0.03 in Q1 2026 from $0.04 in Q1 2025.
- Revenue from contracts with customers increased to $123.91 million in Q1 2026 from $115.25 million in Q1 2025.
- Net loss on commodity derivative instruments widened to $64.55 million in Q1 2026 from $56.00 million in Q1 2025.
- Interest expense increased to $3.36 million in Q1 2026 from $1.40 million in Q1 2025.
- Cash and cash equivalents significantly increased to $11.61 million at March 31, 2026, from $1.48 million at December 31, 2025.
- Borrowings under the credit facility increased to $187.0 million at March 31, 2026, from $154.0 million at December 31, 2025.
- Distributions to common unitholders decreased to $63.70 million in Q1 2026 from $79.18 million in Q1 2025.
Price Impact
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