Update shared on16 Aug 2025
Fair value Decreased 7.14%The consensus price target for Black Stone Minerals has been lowered to $13.00, primarily due to a notable decrease in forecast revenue growth, while valuation multiples have only moderately declined.
What's in the News
- Black Stone Minerals lowered its 2025 production guidance to 33–35 MBoe/d from 38–41 MBoe/d due to weaker first-half production and delayed natural gas growth.
- Second-quarter 2025 oil and condensate production declined year-over-year, with 863 MBbls vs. 953 MBbls, and natural gas at 13,710 MMcf vs. 16,350 MMcf.
- First-half 2025 production also dropped, with oil and condensate at 1,579 MBbls vs. 1,876 MBbls, and natural gas at 28,563 MMcf vs. 32,820 MMcf, year-over-year.
- The board approved a cash distribution of $0.30 per common unit for Q2 2025.
- The company entered a development agreement with Revenant Energy for expanded Shelby Trough Haynesville and Bossier acreage, and amended agreements with Aethon Energy, regaining highly prospective mineral acreage.
Valuation Changes
Summary of Valuation Changes for Black Stone Minerals
- The Consensus Analyst Price Target has fallen from $14.00 to $13.00.
- The Consensus Revenue Growth forecasts for Black Stone Minerals has significantly fallen from 10.5% per annum to 8.6% per annum.
- The Future P/E for Black Stone Minerals has fallen slightly from 12.31x to 12.02x.
Disclaimer
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