Black Stone Minerals reports Q1 EPS 27c, consensus 35c

Reports Q1 revenue $105.49M, consensus $120.34M. Thomas L. Carter, Jr., Black Stone Minerals’ Chairman, CEO and President, commented, “We previously announced the Company’s plan to decrease the Q1 distribution. We remain focused on disciplined capital management and staying the course of targeted, grass-roots mineral acquisitions that are accretive to our mineral positions in strategic basins. Because of decisions made by the Company in the past four years, we are well-positioned to stay focused on long-term decision-making, which we view as one of our most significant strategic advantages we have relative to our peers. With a comprehensive strategy focused on capital discipline, maintaining a strong balance sheet, thoughtful hedging and commercial strategy centered on organic growth, we are able to weather commodity price cycles for longer periods of time and stay focused on decisions that are best for the Company in the long term.”