Black Stone Minerals Q3 net income falls to $52.4M; distribution rises 9% to $0.35
Black Stone Minerals reported third quarter 2026 results with net income of $52.4 million, down from $91.7 million a year earlier, as a $30.2 million loss on commodity derivatives reduced total revenue to $99.7 million. Adjusted EBITDA rose to $104.1 million from $88.1 million, and the board approved a $0.35 per unit distribution, up 9% from the prior quarter, payable November 13, 2026.
Key points
- Net income was $52.4 million for Q3 2026, compared with $91.7 million in Q3 2025 and $106.4 million in Q2 2026.
- Adjusted EBITDA was $104.1 million, compared with $88.1 million in Q3 2025; distributable cash flow was $93.0 million.
- Distribution of $0.35 per common unit, with coverage of approximately 1.25x; record date November 6, 2026.
- In October 2026, the Caturus development agreement was amended to expand the contract area by 730,000 gross acres to 950,000 gross acres.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.