Black Stone Minerals (BSM) reported second-quarter 2026 net income of $106.4 million, compared with $13.3 million in the prior quarter and $120.0 million a year earlier. Total revenue was $149.0 million for the quarter, according to the company’s unaudited statements.
The partnership announced a second-quarter distribution of $0.32 per common unit, up 7% from the prior quarter, with distribution coverage of 1.18x. Total production averaged 33.5 MBoe/d, including 32.5 MBoe/d of mineral and royalty volumes.
- Oil and gas revenue was $115.4 million for the second quarter of 2026.
- Adjusted EBITDA was $91.3 million and distributable cash flow was $80.4 million.
- Total debt was $196.0 million at June 30, 2026, and $168.0 million at July 31, 2026.
- Black Stone acquired $37.2 million of additional primarily non-producing mineral and royalty interests during the quarter.
- The company will pay the $0.32 per-unit distribution on August 13, 2026, to unitholders of record as of August 6, 2026.
