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Black Stone Minerals: 3Q Earnings Snapshot

·1 min read

HOUSTON (AP) _ Black Stone Minerals LP (BSM) on Monday reported third-quarter earnings of $18.5 million.

On a per-share basis, the Houston-based company said it had net income of 9 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The partnership that owns mineral and royalty interests posted revenue of $43.7 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $82.9 million.

Black Stone Minerals shares have decreased 51% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.19, a decrease of 53% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSM at https://www.zacks.com/ap/BSM