Black Stone Minerals Q4 Revenue Jumps 41.8% to $118.7M with EPS Beat
Black Stone Minerals reported Q4 revenue of $118.7M, up 41.8% year-over-year and 14.1% above estimates, with EPS of $0.31, up from $0.18 and 16.2% above forecasts. Lease bonus and other income jumped 137.6% to $4.71M, while oil and condensate revenues fell 22.7% to $46.37M and volumes missed estimates.
1. Q4 Financial Results
Black Stone Minerals posted Q4 revenue of $118.7 million, a 41.8% year-over-year increase, surpassing estimates by 14.1%, and delivered EPS of $0.31, up from $0.18 a year ago and 16.2% above analyst forecasts.
2. Production Metrics
Production volumes fell short of projections, averaging 32.1 million barrels of oil equivalent per day versus estimates of 33.76 million BOE, with natural gas output at 13,118 MMcf and oil and condensate at 768 MBBL, both missing analyst targets.
3. Revenue Mix Shifts
Lease bonus and other income surged 137.6% year-over-year to $4.71 million, offset by a 22.7% drop in oil and condensate sales to $46.37 million, while natural gas and liquids sales rose 4.1% to $44.11 million.