Black Stone Minerals Q2 2025 Earnings: Production, Guidance, & Growth

Black Stone Minerals reported Q2 2025 earnings, with oil equivalent production at 33,200 BOE/day and total volumes at 34,600. Net income was $120M, adjusted EBITDA at $84.2M, and a quarterly distribution of $0.30 per unit, annualizing to $1.20. Distributable cash flow covered that by 1.18x. They revised full-year 2025 guidance down to 33,000-35,000 BOE/day due to slower gas ramps. However, they forecast 3,000-5,000 BOE growth into 2026. Analysts were surprised by light activity, but execs pointed to fresh rig counts and deferred wells. Subsurface work expanded the Shelby Trough, and a new Revenant deal kicks off development. Theyre marketing 180,000 more gross acres and Coterras Permian project is on track. With LNG driving gas demand and a diversified oil base, Black Stone is set for production jumps and distribution hikes, benefiting shareholders as these plays heat up. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/16a93fe9ee37124f