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Black Stone Minerals: 4Q Earnings Snapshot

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HOUSTON (AP) _ Black Stone Minerals LP (BSM) on Monday reported fourth-quarter profit of $30.3 million.

The Houston-based company said it had profit of 12 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The partnership that owns mineral and royalty interests posted revenue of $77.4 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $86 million.

For the year, the company reported profit of $121.8 million, or 49 cents per share. Revenue was reported as $342.8 million.

Black Stone Minerals shares have risen 45% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.69, a decrease of roughly 7% 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