Published on 23 Oct 2023 on Zacks via Yahoo Finance

Is Black Stone (BSM) Poised for an Earnings Beat in Q3?

Black Stone Minerals, L.P. BSM is set to release third-quarter results on Oct 30. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 44 cents per unit on revenues of $130.6 million.Let’s delve into the factors that might have influenced the Haynesville-focused royalty trust partnership’s performance in the September quarter. But it’s worth taking a look at BSM’s previous-quarter performance first.

Highlights of Q2 Earnings & Surprise History

In the last reported quarter, this Houston, TX-based oil and gas mineral rights owner missed the consensus mark due to lower-than-expected production. Black Stone Minerals had reported earnings per unit of 35 cents, below the Zacks Consensus Estimate of 37 cents. However, revenues of $117 million came in 0.6% above the consensus mark on strong oil and condensate sales.BSM beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 20.9%, on average. This is depicted in the graph below: