7/1015 sources · 7 publishersUpdated Nov 4, 16:48 UTC
Black Stone Minerals reports Q3 2026 results with higher distribution and mixed earnings
Black Stone Minerals, L.P. posted third‑quarter 2026 net income of $52.4 million and adjusted EBITDA of $104.1 million. The partnership declared a quarterly distribution of $0.35 per unit, a 9 % increase from the prior quarter, while mineral and royalty production rose 6 % to 34.5 MMBoe/d. Revenue of $99.73 million missed consensus, and earnings per share fell to $0.21, below the $0.25 estimate.
Why it matters
The company says the higher distribution reflects strong cash flow and financial flexibility. Analysts note the EPS miss and revenue shortfall could pressure the stock’s valuation.
Key facts
- 1Net income for Q3 2026 was $52.4 million. sec.gov
- 2Adjusted EBITDA for Q3 2026 was $104.1 million. sec.gov
- 3Distributable cash flow for Q3 2026 was $93.0 million. sec.gov
- 4The partnership announced a distribution of $0.35 per common unit, up 9 % quarter‑over‑quarter. sec.gov
- 5Mineral and royalty production averaged 34.5 MMBoe/d, a 6 % increase from the prior quarter. sec.gov
- 6Total debt as of October 30 2026 was $197.0 million, with $5.4 million of cash on hand. sec.gov
Summary written by AlphAI AI Desk from 12 of 15 sources. Not investment advice. Figures are as stated by the linked sources.