Black Stone Minerals Management
Management criteria checks 4/4
Black Stone Minerals' CEO is Thomas Carter, appointed in Nov 2014, has a tenure of 10.17 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 $217.66M. The average tenure of the management team and the board of directors is 5.8 years and 9.8 years respectively.
Key information
Thomas Carter
Chief executive officer
US$4.6m
Total compensation
| CEO salary percentage | 10.0% |
| CEO tenure | 10.2yrs |
| CEO ownership | 7.1% |
| Management average tenure | 5.8yrs |
| Board average tenure | 9.8yrs |
Recent management updates
Recent updates
Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 Levels
Dec 12Black Stone Minerals: Preferred Unit Redemption May Increase Distributable Cash Flow
Oct 08Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A Buy
Aug 11Black Stone Minerals: Overexposed To Natural Gas
Jul 30Black Stone Minerals: Reduced Production Guidance Due To Low Natural Gas Prices
May 10Black Stone Minerals: A Distribution Cut Is Coming
Mar 12Black Stone Minerals Remains A Great Energy Play
Feb 06Black Stone Minerals: Production Jumps By 18% In Q3 2023
Dec 01Black Stone Minerals: Production Increases And Better Nat Gas Prices Brighten Its Prospects
Nov 02Black Stone Minerals: Preferred Unit Distribution May Be Adjusted Above 10%
Sep 28The Dividend Investor's Natural Gas Export Playbook - Part 1
Sep 22Black Stone Minerals: Distribution Cut Looks Likely In 2024
Aug 18Black Stone Minerals: The 11% Yield Appears Sustainable In Current Environment
Aug 02Black Stone Minerals: Can This 11.8%-Yielding Oil And Gas Play Sustain Its Cash Distribution?
Jul 18The Dividend Investor's Oil Playbook - Part 4
Jun 21Black Stone Minerals: Slightly Over $2 Per Unit In Projected 2023 DCF
Jun 07Black Stone Minerals Q4 2022 Earnings Preview
Feb 20Black Stone Minerals: Hedges And Shelby Trough To Power Upside
Feb 08Black Stone Minerals, raises quarterly dividend by 5.6% to $0.475/share
Feb 01Black Stone Minerals CFO Jeff Wood to leave company
Jan 19Black Stone Minerals: 2023 Hedges Partially Reduce The Impact Of Lower Gas Prices
Jan 08Black Stone Minerals: Distributions Poised To Increase In 2023
Dec 15Black Stone Minerals, GAAP EPS of $0.75 beats by $0.34, revenue of $216.43M beats by $73.42M
Oct 31Black Stone Minerals raises dividend by 7% to $0.45
Oct 19My Top 2 Rated Stocks With Yields Over 9%
Oct 13Black Stone Minerals: Distributions Should Increase Further In 2023
Sep 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$345m |
| Jun 30 2024 | n/a | n/a | US$316m |
| Mar 31 2024 | n/a | n/a | US$328m |
| Dec 31 2023 | US$5m | US$455k | US$401m |
| Sep 30 2023 | n/a | n/a | US$437m |
| Jun 30 2023 | n/a | n/a | US$544m |
| Mar 31 2023 | n/a | n/a | US$597m |
| Dec 31 2022 | US$5m | US$433k | US$455m |
| Sep 30 2022 | n/a | n/a | US$406m |
| Jun 30 2022 | n/a | n/a | US$254m |
| Mar 31 2022 | n/a | n/a | US$138m |
| Dec 31 2021 | US$5m | US$433k | US$161m |
| Sep 30 2021 | n/a | n/a | US$57m |
| Jun 30 2021 | n/a | n/a | US$65m |
| Mar 31 2021 | n/a | n/a | US$41m |
| Dec 31 2020 | US$3m | US$332k | US$101m |
| Sep 30 2020 | n/a | n/a | US$110m |
| Jun 30 2020 | n/a | n/a | US$157m |
| Mar 31 2020 | n/a | n/a | US$260m |
| Dec 31 2019 | US$7m | US$670k | US$193m |
| Sep 30 2019 | n/a | n/a | US$317m |
| Jun 30 2019 | n/a | n/a | US$308m |
| Mar 31 2019 | n/a | n/a | US$242m |
| Dec 31 2018 | US$7m | US$670k | US$275m |
Compensation vs Market: Thomas's total compensation ($USD4.55M) is below average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
CEO
Thomas Carter (72 yo)
10.2yrs
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. and Black Stone Minerals Company, L.P. since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.2yrs | US$4.55m | 7.08% $ 217.7m | |
| Senior VP | 10.2yrs | US$2.43m | 0.28% $ 8.6m | |
| Senior VP & Chief Commercial Officer of Black Stone Minerals GP L.L.C | 3.4yrs | US$1.91m | 0.055% $ 1.7m | |
| Senior VP & CFO of the General Partner | less than a year | no data | 0.0068% $ 208.9k | |
| Vice President of Human Resources | 5.8yrs | no data | no data | |
| Controller | less than a year | no data | 0.0012% $ 35.7k | |
| Director of Finance | no data | no data | no data | |
| Consultant of Black Stone Minerals Gp L.L.C | 8.2yrs | US$6.36m | no data |
5.8yrs
Average Tenure
49yo
Average Age
Experienced Management: BSM's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.2yrs | US$4.55m | 7.08% $ 217.7m | |
| Independent Lead Director of Black Stone Minerals GP L.L.C | 9.8yrs | US$316.99k | 0.055% $ 1.7m | |
| Independent Director of Black Stone Minerals GP L.L.C | 9.8yrs | US$271.99k | 0.086% $ 2.6m | |
| Independent Director of Black Stone Minerals GP L.L.C | 9.8yrs | US$271.99k | 0.46% $ 14.1m | |
| Independent Director of Black Stone Minerals GP L.L.C | 9.8yrs | US$271.99k | 0.42% $ 13.0m | |
| Independent Director of Black Stone Minerals GP L.L.C | 9.8yrs | US$281.99k | 1.01% $ 31.1m | |
| Independent Director of Black Stone Minerals GP L.L.C | 9.8yrs | US$286.99k | 3.48% $ 107.1m | |
| Independent Director of Black Stone Minerals GP L.L.C | 7.6yrs | US$271.99k | 1.97% $ 60.7m | |
| Independent Director of Black Stone Minerals GP L.L.C | 1.5yrs | US$132.36k | 3.01% $ 92.7m | |
| Independent Director of Black Stone Minerals GP L.L.C | less than a year | no data | 0.059% $ 1.8m |
9.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: BSM's board of directors are considered experienced (9.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 00:41 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Black Stone Minerals, L.P. is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Lear | Credit Suisse |
| Chad Mabry | FBR Capital Markets & Co. |
| Timothy Rezvan | KeyBanc Capital Markets Inc. |