For the quarter ended December 2023, Black Stone Minerals (BSM - Free Report) reported revenue of $190.84 million, down 17.2% over the same period last year. EPS came in at $0.65, compared to $0.71 in the year-ago quarter.
The reported revenue represents a surprise of +33.77% over the Zacks Consensus Estimate of $142.67 million. With the consensus EPS estimate being $0.50, the EPS surprise was +30.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Black Stone Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily production: 41.1 millions of barrels of oil equivalent versus the four-analyst average estimate of 39.83 millions of barrels of oil equivalent.
- Production - Equivalents: 3,784 MBOE compared to the 3,587.77 MBOE average estimate based on three analysts.
- Average Realized Sale Prices - Natural gas and natural gas liquids: $3.17 versus the two-analyst average estimate of $3.24.
- Average Realized Sale Prices - Oil and condensate: $78.08 versus $81.23 estimated by two analysts on average.
- Production - Natural gas: 16,546 MMcf versus the two-analyst average estimate of 15,876.5 MMcf.
- Production - Oil and condensate: 1,026 MBBL compared to the 985.4 MBBL average estimate based on two analysts.
- Revenue- Oil and condensate sales: $80.11 million versus the two-analyst average estimate of $81.38 million. The reported number represents a year-over-year change of -6.8%.
- Revenue- Lease bonus and other income: $3.82 million versus the two-analyst average estimate of $2.63 million. The reported number represents a year-over-year change of +37.1%.
- Revenue- Natural gas and natural gas liquids sales: $52.44 million versus $52.33 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -52.4% change.
View all Key Company Metrics for Black Stone Minerals here>>>Shares of Black Stone Minerals have returned -6.5% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended December 2023, Black Stone Minerals (BSM - Free Report) reported revenue of $190.84 million, down 17.2% over the same period last year. EPS came in at $0.65, compared to $0.71 in the year-ago quarter.
The reported revenue represents a surprise of +33.77% over the Zacks Consensus Estimate of $142.67 million. With the consensus EPS estimate being $0.50, the EPS surprise was +30.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Black Stone Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily production: 41.1 millions of barrels of oil equivalent versus the four-analyst average estimate of 39.83 millions of barrels of oil equivalent.
- Production - Equivalents: 3,784 MBOE compared to the 3,587.77 MBOE average estimate based on three analysts.
- Average Realized Sale Prices - Natural gas and natural gas liquids: $3.17 versus the two-analyst average estimate of $3.24.
- Average Realized Sale Prices - Oil and condensate: $78.08 versus $81.23 estimated by two analysts on average.
- Production - Natural gas: 16,546 MMcf versus the two-analyst average estimate of 15,876.5 MMcf.
- Production - Oil and condensate: 1,026 MBBL compared to the 985.4 MBBL average estimate based on two analysts.
- Revenue- Oil and condensate sales: $80.11 million versus the two-analyst average estimate of $81.38 million. The reported number represents a year-over-year change of -6.8%.
- Revenue- Lease bonus and other income: $3.82 million versus the two-analyst average estimate of $2.63 million. The reported number represents a year-over-year change of +37.1%.
- Revenue- Natural gas and natural gas liquids sales: $52.44 million versus $52.33 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -52.4% change.
View all Key Company Metrics for Black Stone Minerals here>>>Shares of Black Stone Minerals have returned -6.5% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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