Black Stone Minerals Beheer
Beheer criteriumcontroles 2/4
De CEO Black Stone Minerals is H. DeWalch, benoemd in Jan2026, heeft een ambtstermijn van minder dan een jaar. De totale jaarlijkse vergoeding van { bedraagt $ 2.18M, bestaande uit 14.6% salaris en 85.4% bonussen, inclusief aandelen en opties van het bedrijf. bezit rechtstreeks 0.012% van de aandelen van het bedrijf, ter waarde $ 361.35K. De gemiddelde ambtstermijn van het managementteam en de raad van bestuur bedraagt respectievelijk 0.6 jaar en 10.3 jaar.
Belangrijke informatie
H. DeWalch
Algemeen directeur
US$2.2m
Totale compensatie
| Percentage CEO-salaris | 14.64% |
| Dienstverband CEO | less than a year |
| Eigendom CEO | 0.01% |
| Management gemiddelde ambtstermijn | less than a year |
| Gemiddelde ambtstermijn bestuur | 10.3yrs |
Recente managementupdates
Recent updates
Seeking Alpha • Aug 09
Black Stone Minerals: Improved DCF From Production Cost Refunds And Lease Bonus Income
Summary Black Stone Minerals increased its quarterly distribution from $0.30 to $0.32 per unit. This adds $17 million per year to its distribution. Black Stone's lease bonus income and production cost refunds improved its 1H 2026 DCF by around $12 to $13 million above expectations. Oil production is likely to be above expectations, while natural gas production may be lower than initially expected. The higher distribution appears to be sustainable, but Black Stone's increasing leverage should be monitored. Read the full article on Seeking Alpha
Narratiefupdate • Jun 23
BSM: Gas Weighted Exposure Will Shape Upside Despite Steady Production Trends
Analysts now frame Black Stone Minerals' narrative around a reaffirmed $16 price target, citing the company's 76% gas weighted portfolio and the view that gas fundamentals may limit upside to growth relative to peers. What’s in the News for Black Stone Minerals Black Stone Minerals reported unaudited production results for the quarter ended March 31, 2026, covering oil, condensate, and natural gas volumes.Analyse-artikel • Jun 19
Black Stone Minerals (BSM) Stock Could Be 12.4% Undervalued on Its Gas Growth Narrative
Black Stone Minerals (BSM) is back on investors’ radar after recent trading left the unit price around $14.01, with returns mixed over the past month, the past 3 months, and the past year. See our latest analysis for Black Stone Minerals. Over the past year, Black Stone Minerals has combined a modest year to date share price gain of 3.7% with a stronger 1 year total shareholder return of 16.12%, while its 5 year total shareholder return of 122.82% points to momentum that has built over a...Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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.Narratiefupdate • 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
Nieuw narratief • 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 AlphaAnalyse CEO-vergoeding
| Datum | Totale vergoeding | Salaris | Bedrijfswinsten |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | US$254m |
| 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$242m |
Compensatie versus markt: De totale vergoeding ($USD 2.18M ) H. } ligt onder het gemiddelde voor bedrijven van vergelijkbare omvang in de US markt ($USD 6.92M ).
Compensatie versus inkomsten: De vergoeding van H. is het afgelopen jaar met meer dan 20% gestegen.
CEO
H. DeWalch (36 yo)
less than a year
Tenure
US$2,180,761
Compensatie
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...
Leiderschapsteam
| Naam | Positie | Tenure | Compensatie | Eigendom |
|---|---|---|---|---|
| Executive Chairman of the Board of Black Stone Minerals GP L.L.C. | 11.8yrs | US$4.79m | 7.27% $ 222.0m | |
| Co-CEO, President & Director of Black Stone Minerals GP L.L.C. | less than a year | US$2.18m | 0.012% $ 361.4k | |
| Co-CEO, President and Director of Black Stone Minerals GP L.L.C. | less than a year | US$1.17m | 0.014% $ 432.5k | |
| Senior VP | less than a year | US$528.70k | 0.0023% $ 69.0k | |
| Senior VP | 11.8yrs | US$2.55m | 0.33% $ 10.1m | |
| Director of Corporate Accounting | no data | geen gegevens | 0.0018% $ 56.2k | |
| Vice President of Corporate Development | less than a year | geen gegevens | geen gegevens | |
| Vice President of Human Resources of Black Stone Minerals GP LLC | 7.4yrs | geen gegevens | geen gegevens | |
| Consultant of Black Stone Minerals Gp L.L.C | 9.8yrs | US$6.36m | geen gegevens |
0.6yrs
Gemiddelde duur
48.5yo
Gemiddelde leeftijd
Ervaren management: Het managementteam van BSM wordt niet als ervaren beschouwd (gemiddelde ambtstermijn 0.6 jaar), wat duidt op een nieuw team.
Bestuursleden
| Naam | Positie | Tenure | Compensatie | Eigendom |
|---|---|---|---|---|
| Executive Chairman of the Board of Black Stone Minerals GP L.L.C. | 11.8yrs | US$4.79m | 7.27% $ 222.0m | |
| Co-CEO, President & Director of Black Stone Minerals GP L.L.C. | less than a year | US$2.18m | 0.012% $ 361.4k | |
| Co-CEO, President and Director of Black Stone Minerals GP L.L.C. | less than a year | US$1.17m | 0.014% $ 432.5k | |
| Independent Lead Director of Black Stone Minerals GP L.L.C. | 11.4yrs | US$338.59k | 0.067% $ 2.0m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.4yrs | US$288.59k | 0.098% $ 3.0m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.4yrs | US$278.59k | 0.52% $ 16.0m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.4yrs | US$278.59k | 0.44% $ 13.4m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.4yrs | US$293.59k | 2.51% $ 76.7m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 9.2yrs | US$280.28k | 0.091% $ 2.8m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 3.1yrs | US$278.59k | 1.92% $ 58.6m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 2.4yrs | US$231.86k | 0.065% $ 2.0m | |
| Independent Director of Black Stone Minerals GP | less than a year | geen gegevens | 0.73% $ 22.3m |
10.3yrs
Gemiddelde duur
63.5yo
Gemiddelde leeftijd
Ervaren bestuur: De raad van bestuur van BSM zijn ervaren en ervaren (gemiddelde ambtstermijn van 10.3 jaar).
Bedrijfsanalyse en status van financiële gegevens
| Gegevens | Laatst bijgewerkt (UTC-tijd) |
|---|---|
| Bedrijfsanalyse | 2026/08/16 23:44 |
| Aandelenkoers aan het einde van de dag | 2026/08/14 00:00 |
| Inkomsten | 2026/06/30 |
| Jaarlijkse inkomsten | 2025/12/31 |
Gegevensbronnen
De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.
| Pakket | Gegevens | Tijdframe | Voorbeeld Amerikaanse bron * |
|---|---|---|---|
| Financiële gegevens bedrijf | 10 jaar |
| |
| Consensus schattingen analisten | +3 jaar |
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| Marktprijzen | 30 jaar |
| |
| Eigendom | 10 jaar |
| |
| Beheer | 10 jaar |
| |
| Belangrijkste ontwikkelingen | 10 jaar |
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* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.
Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.
Analysemodel en Snowflake
Details van het analysamodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina, we hebben ook handleidingen over hoe u onze rapporten kunt gebruiken en tutorials op YouTube.
Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.
Industrie en sector
Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.
Bronnen van analisten
Black Stone Minerals, L.P. wordt gevolgd door 6 analisten. 2 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.
| Analist | Instelling |
|---|---|
| Timothy Rezvan | KeyBanc Capital Markets Inc. |
| John Freeman | Raymond James & Associates |
| Scott Hanold | RBC Capital Markets |