Black Stone Minerals Gestione
Criteri Gestione verificati 2/4
Black Stone Minerals Il CEO è H. DeWalch, nominato in Jan2026, e ha un mandato di meno di un anno. la retribuzione annua totale è $ 2.18M, composta da 14.6% di stipendio e 85.4% di bonus, comprese azioni e opzioni aziendali. possiede direttamente 0.012% delle azioni della società, per un valore di $ 348.46K. La durata media del mandato del team dirigenziale e del consiglio di amministrazione è rispettivamente 0.4 anni e 10.1 anni.
Informazioni chiave
H. DeWalch
Amministratore delegato
US$2.2m
Compenso totale
| Percentuale dello stipendio del CEO | 14.64% |
| Mandato del CEO | less than a year |
| Proprietà del CEO | 0.01% |
| Durata media del management | less than a year |
| Durata media del Consiglio di amministrazione | 10.1yrs |
Aggiornamenti recenti sulla gestione
Recent updates
Aggiornamento della narrazione • Jun 06
BSM: Gas Weighted Portfolio And Rising Production Support Constructive Forward Outlook
Analysts have revised their price target on Black Stone Minerals to $16 from $14, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. This change also reflects recent Street research highlighting the company’s gas weighted portfolio and expectations that gas fundamentals may limit upside to growth.Seeking Alpha • Apr 20
Black Stone Minerals: May See Modest Benefits From Improved Long-Term Oil Prices
Summary Black Stone is projected to generate $273 million in 2026 distributable cash flow at current strip. Hedges limit its ability to benefit from strong near-term oil prices. A $20 increase in the average 2026 oil price would only improve Black Stone's DCF by $3 million. Black Stone has close to 45% of its 2027 production hedged. I have increased my long-term (after 2026) oil price by $5 and that improves Black Stone's estimated value by $0.50 (to $16 per unit). Read the full article on Seeking AlphaAggiornamento della narrazione • Apr 08
BSM: War Risk And Stable U.S. Activity Shape Fairly Valued Outlook
Analysts recently raised their price target on Black Stone Minerals to $14 from $13, citing elevated geopolitical risk to global energy supply and an outlook that U.S. operators are unlikely to significantly alter their activity in response. Analyst Commentary Recent commentary around Black Stone Minerals focuses heavily on how heightened geopolitical risk and potential supply disruptions feed into valuation, especially with the price target set at US$14.Aggiornamento della narrazione • Mar 25
BSM: War Risk And Steady U.S. Output Guide Balanced Future Outlook
Analysts have raised their price target on Black Stone Minerals to $14.00 from $13.00, citing recent geopolitical risks to global energy supplies and steady expectations for U.S. operator activity as key factors behind the update. Analyst Commentary Analysts are weighing the new US$14 price target for Black Stone Minerals against rising geopolitical risks and expectations for relatively steady U.S. operator activity.Aggiornamento della narrazione • Mar 08
BSM: War Risk And Stable U.S. Activity Shape Measured Future Outlook
Analysts have raised their price target on Black Stone Minerals to $14 from $13, reflecting updated views on fair value and earnings potential as they consider recent geopolitical risks and U.S. operator commentary. Analyst Commentary Recent commentary around Black Stone Minerals focuses on how geopolitical risks and operator behavior could affect fair value, rather than on big changes to the company’s own execution.Aggiornamento della narrazione • Aug 16
Shelby Trough Expansion And Operator Diversification Will Drive Drilling
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.Seeking Alpha • Apr 26
Black Stone Minerals: Focusing On Natural Gas Acquisitions
Summary Black Stone Minerals spent $110 million on acquisitions in 2024, funded primarily with cash on hand. It now has a slight amount of net debt and may add to that debt with continued acquisitions and the redemption of some Series A Preferred Units. I project its distribution coverage at 1.07x in 2025 at current strip. Black Stone's estimated value is now $17.75 per unit at long-term $70 WTI oil and $3.75 NYMEX natural gas. Read the full article on Seeking AlphaSeeking Alpha • Feb 27
Black Stone Minerals: A 10% Distribution For This Natural Gas Royalty Play (Rating Upgrade)
Summary Upgrading Black Stone Minerals to a BUY due to improving natural gas prices, a robust hedging program, and a renegotiated production agreement with Aethon. BSM's 2024 challenges included weak natural gas prices and a dividend cut, but the company maintained a distribution coverage greater than 1x distributable cash flow throughout the year. For 2025, BSM expects a 2% production increase, with natural gas making up 77% of total volumes, driven by new wells and rising prices. LNG export growth and increased electricity demand from AI data centers position BSM's Haynesville acreage as a key resource, enhancing future prospects. I am upgrading BSM to a BUY. Read the full article on Seeking AlphaSeeking Alpha • Feb 19
Black Stone Minerals' Double-Digit Yield Looks To Benefit From Expanding Electricity Demand
Summary Since its IPO in 2015, Black Stone Minerals performance has matched Exxon and Chevron on an annualized total return basis. Management's interest are closely aligned with unitholders and insider buying volume has been significant in 2025. Improving supply/demand balance for natural gas means more production volume, likely returning the distribution to high water level. More favorable federal energy policy towards fossil fuel minerals and growing electricity need bode well for BSM to benefit. Read the full article on Seeking AlphaSeeking Alpha • Dec 12
Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 Levels
Summary Black Stone Minerals reported 1x distribution coverage for Q3 2024. It saw an 8% quarter-over-quarter production decline. BSM's Q4 2024 distribution coverage should increase slightly even if its production declines a bit further in the near term. I've reduced my 2025 production expectations by 3–4% to reflect a lower potential production level entering the year. Stronger natural gas prices in 2025 (particularly later in the year) should increase activity at Black Stone's assets. Read the full article on Seeking AlphaSeeking Alpha • Oct 08
Black Stone Minerals: Preferred Unit Redemption May Increase Distributable Cash Flow
Summary Black Stone Minerals has been acquiring Gulf Coast mineral and royalty interests. These acquisitions are primarily non-producing currently, but are expected to benefit future production results once natural gas prices improve. Black Stone also has the opportunity to redeem its Series B preferred units at par in late 2025. These units have a 9.8% distribution rate, so redeeming them should benefit Black Stone's distributable cash flow. Black Stone's credit facility interest rate may be 6% to 7% by late 2025. Read the full article on Seeking Alpha
Nuova narrazione • Sep 05
Hedging Missteps And Acquisition Risks To Hamper Earnings Amidst Volatile Times
Emphasis on grassroots acquisitions and asset enhancement may increase debt without immediate returns, affecting net income and cash flow if expectations are not met.Seeking Alpha • Aug 11
Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A Buy
Summary BSM is a high free cash flow royalty-driven MLP with no debt, offering a 10.5% yield and potential upside with improved natural gas prices. The company's business model involves collecting royalty payments on revenue from producers operating on their acreage. BSM offers solid coverage of their distribution and potential for buybacks or acquisitions, making it a bargain investment opportunity. We peg a range of $12 to high teens on the stock, but are happy with a flat share price and a healthy tax-deferred distribution. Read the full article on Seeking AlphaSeeking Alpha • Jul 30
Black Stone Minerals: Overexposed To Natural Gas
Summary Production was down 2% in Q1 2024, after reducing their working interest exposure. Q1 2024 revenue at $113.2 million, net income at $63.9 million; down 17% and 57% QoQ. Distribution reduced by 21% to $0.375 per unit in Q1 2024. Aethon reduced production volumes by 800 Boe/d in April 2024. This will certainly impact their Q2 2024 production. Due to their natural gas exposure, overvaluation, and strategic uncertainties, my rating for this stock is a Hold. Read the full article on Seeking AlphaSeeking Alpha • May 10
Black Stone Minerals: Reduced Production Guidance Due To Low Natural Gas Prices
Summary Black Stone Minerals reduced its 2024 production guidance by around 4%. The Company's oil cut may end up slightly higher than previously expected. BSM is projected to have 1.17x distribution coverage with its reduced distribution. It is spending on acquisitions that will benefit its longer-term cash flow. I expect Black Stone's distributable cash flow to rebound to $2+ per unit in 2026. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Black Stone Minerals: A Distribution Cut Is Coming
Summary Black Stone Minerals has seen a large decrease in rigs on its acreage. With Aethon taking a drilling pause, 2025 production is likely to decline. With favorable hedges rolling off, a distribution cut will be coming this year barring a natural gas price rally. Read the full article on Seeking AlphaSeeking Alpha • Feb 06
Black Stone Minerals Remains A Great Energy Play
Summary Black Stone Minerals is a large owner and manager of oil and natural gas mineral interests in the US. The company's earnings are arguably more predictable than energy producers as they have a relatively small cost base and no leverage currently. BSM's valuation suggests it is attractively priced as a debt-free royalty play on US energy. A buyback of units may provide a catalyst for the units to re-rate if energy prices remain broadly stable. Read the full article on Seeking AlphaAnalisi delle retribuzioni degli amministratori delegati
| Data | Compenso totale | Stipendio | Utili della società |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$268m |
| Dec 31 2025 | US$2m | US$319k | US$270m |
| Sep 30 2025 | n/a | n/a | US$245m |
| Jun 30 2025 | n/a | n/a | US$246m |
| Mar 31 2025 | n/a | n/a | US$194m |
| Dec 31 2024 | US$946k | US$298k | US$242m |
Compensazione vs Mercato: La retribuzione totale di H. ($USD 2.18M ) è inferiore alla media delle aziende di dimensioni simili nel mercato US ($USD 7.03M ).
Compensazione vs guadagni: La retribuzione di H. è aumentata di oltre il 20% nell'ultimo anno.
AMMINISTRATORE DELEGATO
H. DeWalch (36 yo)
less than a year
Mandato
US$2,180,761
Compensazione
Mr. H. Taylor DeWalch Co-CEO, President and Director of Black Stone Minerals GP L.L.C., the General Partner of Black Stone Minerals, L.P. since January 1, 2026. He served as Senior Vice President of the Bl...
Gruppo dirigente
| Nome | Posizione | Mandato | Compensazione | Proprietà |
|---|---|---|---|---|
| Executive Chairman of the Board of Black Stone Minerals GP L.L.C. | 11.6yrs | US$4.79m | 7.27% $ 214.1m | |
| Co-CEO, President & Director of Black Stone Minerals GP L.L.C. | less than a year | US$2.18m | 0.012% $ 348.5k | |
| Co-CEO, President and Director of Black Stone Minerals GP L.L.C. | less than a year | US$1.20m | 0.014% $ 417.0k | |
| Senior VP | less than a year | US$528.70k | 0.0023% $ 66.5k | |
| Senior VP | 11.6yrs | US$2.55m | 0.33% $ 9.7m | |
| Director of Corporate Accounting | no data | Nessun dato | 0.0018% $ 54.2k | |
| Vice President of Corporate Development | less than a year | Nessun dato | Nessun dato | |
| Vice President of Human Resources of Black Stone Minerals GP LLC | 7.3yrs | Nessun dato | Nessun dato | |
| Consultant of Black Stone Minerals Gp L.L.C | 9.6yrs | US$6.36m | Nessun dato |
0.4yrs
Durata media
48.5yo
Età media
Gestione esperta: Il team dirigenziale di BSM non è considerato esperto (durata media 0.4 anni), il che suggerisce un nuovo team.
Membri del Consiglio di amministrazione
| Nome | Posizione | Mandato | Compensazione | Proprietà |
|---|---|---|---|---|
| Executive Chairman of the Board of Black Stone Minerals GP L.L.C. | 11.6yrs | US$4.79m | 7.27% $ 214.1m | |
| Co-CEO, President & Director of Black Stone Minerals GP L.L.C. | less than a year | US$2.18m | 0.012% $ 348.5k | |
| Co-CEO, President and Director of Black Stone Minerals GP L.L.C. | less than a year | US$1.20m | 0.014% $ 417.0k | |
| Independent Lead Director of Black Stone Minerals GP L.L.C. | 11.3yrs | US$338.59k | 0.067% $ 2.0m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.3yrs | US$288.59k | 0.098% $ 2.9m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.3yrs | US$278.59k | 0.30% $ 8.7m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.3yrs | US$278.59k | 0.44% $ 12.8m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.3yrs | US$293.59k | 3.1% $ 91.3m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 9yrs | US$280.28k | 1.97% $ 58.1m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 2.9yrs | US$278.59k | 2.93% $ 86.3m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 2.3yrs | US$231.86k | 0.065% $ 1.9m | |
| Independent Director of Black Stone Minerals GP | less than a year | Nessun dato | 0.73% $ 21.5m |
10.1yrs
Durata media
63.5yo
Età media
Consiglio di amministrazione esperto: Il consiglio di amministrazione di BSM è composto da personale esperto e esperto (durata media dell'incarico 10.1 anni).
Analisi aziendale e situazione dei dati finanziari
| Dati | Ultimo aggiornamento (ora UTC) |
|---|---|
| Analisi dell'azienda | 2026/06/09 20:43 |
| Prezzo dell'azione a fine giornata | 2026/06/09 00:00 |
| Utili | 2026/03/31 |
| Utili annuali | 2025/12/31 |
Fonti dei dati
I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.
| Pacchetto | Dati | Tempistica | Esempio Fonte USA * |
|---|---|---|---|
| Dati finanziari della società | 10 anni |
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| Stime di consenso degli analisti | +3 anni |
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| Prezzi di mercato | 30 anni |
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| Proprietà | 10 anni |
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| Gestione | 10 anni |
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| Sviluppi principali | 10 anni |
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* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.
Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.
Modello di analisi e Snowflake
I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.
Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.
Metriche di settore e industriali
Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.
Fonti analitiche
Black Stone Minerals, L.P. è coperta da 7 analisti. 2 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.
| Analista | Istituzione |
|---|---|
| Timothy Rezvan | KeyBanc Capital Markets Inc. |
| Mark Lear | Piper Sandler Companies |
| John Freeman | Raymond James & Associates |