Black Stone Minerals, L.P.

NYSE:BSM Stock Report

Market Cap: US$3.2b

Black Stone Minerals Management

Management criteria checks 4/4

Black Stone Minerals' CEO is Thomas Carter, appointed in Nov 2014, has a tenure of 9.92 years. total yearly compensation is $4.55M, comprised of 10% salary and 90% bonuses, including company stock and options. directly owns 7.08% of the company’s shares, worth $226.90M. The average tenure of the management team and the board of directors is 5.6 years and 9.6 years respectively.

Key information

Thomas Carter

Chief executive officer

US$4.6m

Total compensation

CEO salary percentage10.0%
CEO tenure9.9yrs
CEO ownership7.1%
Management average tenure5.6yrs
Board average tenure9.6yrs

Recent management updates

Recent updates

Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A Buy

Aug 11

Black Stone Minerals: Overexposed To Natural Gas

Jul 30

Black Stone Minerals: Reduced Production Guidance Due To Low Natural Gas Prices

May 10

Black Stone Minerals: A Distribution Cut Is Coming

Mar 12

Black Stone Minerals Remains A Great Energy Play

Feb 06

Black Stone Minerals: Production Jumps By 18% In Q3 2023

Dec 01

Black Stone Minerals: Production Increases And Better Nat Gas Prices Brighten Its Prospects

Nov 02

Black Stone Minerals: Preferred Unit Distribution May Be Adjusted Above 10%

Sep 28

The Dividend Investor's Natural Gas Export Playbook - Part 1

Sep 22

Black Stone Minerals: Distribution Cut Looks Likely In 2024

Aug 18

Black Stone Minerals: The 11% Yield Appears Sustainable In Current Environment

Aug 02

Black Stone Minerals: Can This 11.8%-Yielding Oil And Gas Play Sustain Its Cash Distribution?

Jul 18

The Dividend Investor's Oil Playbook - Part 4

Jun 21

Black Stone Minerals: Slightly Over $2 Per Unit In Projected 2023 DCF

Jun 07

Black Stone Minerals Q4 2022 Earnings Preview

Feb 20

Black Stone Minerals: Hedges And Shelby Trough To Power Upside

Feb 08

Black Stone Minerals, raises quarterly dividend by 5.6% to $0.475/share

Feb 01

Black Stone Minerals CFO Jeff Wood to leave company

Jan 19

Black Stone Minerals: 2023 Hedges Partially Reduce The Impact Of Lower Gas Prices

Jan 08

Black Stone Minerals: Distributions Poised To Increase In 2023

Dec 15

Black Stone Minerals, GAAP EPS of $0.75 beats by $0.34, revenue of $216.43M beats by $73.42M

Oct 31

Black Stone Minerals raises dividend by 7% to $0.45

Oct 19

My Top 2 Rated Stocks With Yields Over 9%

Oct 13

Black Stone Minerals: Distributions Should Increase Further In 2023

Sep 29

Black Stone Minerals, GAAP EPS of $0.59 beats by $0.21, revenue of $180.37M beats by $41.52M

Aug 01

Black Stone Minerals: Distributable Cash Flow May Exceed $500 Million In 2023

Jul 26

CEO Compensation Analysis

How has Thomas Carter's remuneration changed compared to Black Stone Minerals's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

US$316m

Mar 31 2024n/an/a

US$328m

Dec 31 2023US$5mUS$455k

US$401m

Sep 30 2023n/an/a

US$437m

Jun 30 2023n/an/a

US$544m

Mar 31 2023n/an/a

US$597m

Dec 31 2022US$5mUS$433k

US$455m

Sep 30 2022n/an/a

US$406m

Jun 30 2022n/an/a

US$254m

Mar 31 2022n/an/a

US$138m

Dec 31 2021US$5mUS$433k

US$161m

Sep 30 2021n/an/a

US$57m

Jun 30 2021n/an/a

US$65m

Mar 31 2021n/an/a

US$41m

Dec 31 2020US$3mUS$332k

US$101m

Sep 30 2020n/an/a

US$110m

Jun 30 2020n/an/a

US$157m

Mar 31 2020n/an/a

US$260m

Dec 31 2019US$7mUS$670k

US$193m

Sep 30 2019n/an/a

US$317m

Jun 30 2019n/an/a

US$308m

Mar 31 2019n/an/a

US$242m

Dec 31 2018US$7mUS$670k

US$275m

Sep 30 2018n/an/a

US$132m

Jun 30 2018n/an/a

US$98m

Mar 31 2018n/an/a

US$128m

Dec 31 2017US$16mUS$670k

US$152m

Compensation vs Market: Thomas's total compensation ($USD4.55M) is below average for companies of similar size in the US market ($USD6.82M).

Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.


CEO

Thomas Carter (72 yo)

9.9yrs

Tenure

US$4,551,321

Compensation

Mr. Thomas L. Carter, Jr., has been the Chairman and Chief Executive Officer of Black Stone Minerals GP L.L.C, the General Partner of Black Stone Minerals, L.P. since November 2014 and serves as its Presid...


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Carter
President9.9yrsUS$4.55m7.08%
$ 226.9m
L. Putman
Senior VP9.9yrsUS$2.43m0.28%
$ 9.0m
Carrie Clark
Senior VP & Chief Commercial Officer of Black Stone Minerals GP L.L.C3.2yrsUS$1.91m0.056%
$ 1.8m
Taylor DeWalch
Senior VP & CFO of the General Partnerless than a yearno data0.0068%
$ 217.7k
Kristin Wiggs
Vice President of Human Resources5.6yrsno datano data
Chris Bonner
Controllerless than a yearno data0.0012%
$ 37.2k
Mark Meaux
Director of Financeno datano datano data
R. Carroll
Consultant of Black Stone Minerals Gp L.L.C7.9yrsUS$6.36mno data

5.6yrs

Average Tenure

49yo

Average Age

Experienced Management: BSM's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Carter
President9.9yrsUS$4.55m7.08%
$ 226.9m
Carin Barth
Independent Lead Director of Black Stone Minerals GP L.L.C9.6yrsUS$316.99k0.055%
$ 1.7m
Michael Linn
Independent Director of Black Stone Minerals GP L.L.C9.6yrsUS$271.99k0.086%
$ 2.7m
D. DeWalch
Independent Director of Black Stone Minerals GP L.L.C9.6yrsUS$271.99k0.46%
$ 14.7m
Jerry Kyle
Independent Director of Black Stone Minerals GP L.L.C9.6yrsUS$271.99k0.42%
$ 13.5m
William Mathis
Independent Director of Black Stone Minerals GP L.L.C9.6yrsUS$281.99k1.01%
$ 32.4m
Alexander Stuart
Independent Director of Black Stone Minerals GP L.L.C9.6yrsUS$286.99k3.48%
$ 111.7m
William Randall
Independent Director of Black Stone Minerals GP L.L.C7.3yrsUS$271.99k1.97%
$ 63.3m
James Whitehead
Independent Director of Black Stone Minerals GP L.L.C1.3yrsUS$132.36k3.01%
$ 96.6m
Ashley Longmaid
Independent Director of Black Stone Minerals GP L.L.Cless than a yearno data0.059%
$ 1.9m

9.6yrs

Average Tenure

61.5yo

Average Age

Experienced Board: BSM's board of directors are considered experienced (9.6 years average tenure).