Black Stone Minerals: Q3 Earnings Snapshot
By AP News
Published - Nov 04, 2024, 05:53 PM ET
Last Updated - Dec 16, 2024, 05:41 PM EST
HOUSTON (AP) — HOUSTON (AP) — Black Stone Minerals LP (BSM) on Monday reported third-quarter profit of $92.7 million.
The Houston-based company said it had net income of 41 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The partnership that owns mineral and royalty interests posted revenue of $134.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $117.7 million.
