Black Stone Minerals, L.P. Common Units (BSM) Q3 2024 Earnings Call Transcript Summary
Black Stone Minerals, L.P. Common Units (BSM) Q3 2024 Earnings Call Transcript Summary
Maintained distribution at $0.375 per share for Q3, with distributable cash flow of $78.6 million, representing approximately 1x coverage.The following is a summary of the Black Stone Minerals, L.P. Common Units (BSM) Q3 2024 Earnings Call Transcript:
以下是black stone minerals有限合夥企業一般單位（BSM）Q3 2024業績會成績單摘要：
Financial Performance:
財務表現:
Black Stone Minerals reported net income of $92.7 million and adjusted EBITDA of $86.4 million for Q3 2024.
Mineral and royalty production was 35,300 BOE per day, and total production volumes were 37,400 BOE per day.
Maintained distribution at $0.375 per share for Q3, with distributable cash flow of $78.6 million, representing approximately 1x coverage.
The company is well hedged for natural gas for the remainder of the year, with hedges at approximately $3.55 per MMBtu.
black stone minerals報告Q3 2024淨利潤爲9270萬美元，調整後的EBITDA爲8640萬美元。
礦產和版稅產量爲35,300桶油當量/日，總產量爲37,400桶油當量/日。
保持每股Q3派息爲0.375美元，可分配現金流爲7860萬美元，約爲1倍覆蓋率。
今年餘下時間內公司對天然氣進行了良好的套期保值，套期交易價格約爲每MMBtu 3.55美元。
Business Progress:
業務進展:
Continued expansion in mineral and royalty acquisitions, adding about $15 million in assets during the quarter.
Enhanced operator collaborations, particularly in East Texas and Louisiana, to promote asset development.
Active asset management and targeted acquisitions continue as key operational strategies.
持續擴大礦產和版稅收購，本季度資產增加約1500萬美元。
增強運營商合作，特別是在得克薩斯州和路易斯安那州，以促進資產開發。
積極進行資產管理和有針對性的收購繼續作爲關鍵的運營戰略。
Opportunities:
機會：
The company has over 60% of its expected gas and oil volumes hedged for the remainder of 2024 which helps insulate cash flows from near-term price volatility.
Additional hedges in place for 2025 and plans to continue adding hedges for 2026.
該公司已經對2024年剩餘時間的超過60%的預期燃氣和石油產量進行了套期保值，有助於保護現金流不受短期價格波動的影響。
2025年已經制定額外的套期保值計劃，並計劃繼續增加2026年的套期保值。
Risks:
風險：
Continued commodity price volatility affects production levels and financial performance.
Potential ongoing fluctuations in natural gas market conditions may impact profitability.
持續的商品價格波動影響生產水平和財務表現。
天然氣市場條件可能會持續波動，可能會影響盈利能力。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
