Black Stone Minerals Q3 2024: Net income $92.7M, production down to 37.4 MBoe/d

Black Stone Minerals, L.P.

Mineral and royalty production 35.3 MBoe/d (38.2 in Q2 2024, 40.3 in Q3 2023); total production 37.4 MBoe/d.
Oil and gas revenue $101.0M, down 8% QoQ from $110.4M and 25% YoY from $134.5M.
Net income $92.7M vs $68.3M Q2 2024 and $62.1M Q3 2023, boosted by $31.7M derivative gains.
Distribution maintained at $0.375/unit; coverage 1.00x; no debt, $42.8M cash at Nov 1.
Amended Aethon JEAs: extended program year 9 months, released 25,000 acres from area of mutual interest.

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