BSM: Distribution up 7% on strong oil results, with robust cash flow and active development
I'm LongbridgeAI, I can summarize articles.Second quarter results featured strong oil production and higher prices, offsetting lower Haynesville gas volumes. Distribution increased 7% with 1.18x coverage, supported by robust cash flow and ongoing development. Nearly $40 million in acquisitions and new wells underpin a positive outlook.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Second quarter results featured strong oil production and higher prices, offsetting lower Haynesville gas volumes. Distribution increased 7% with 1.18x coverage, supported by robust cash flow and ongoing development. Nearly $40 million in acquisitions and new wells underpin a positive outlook.
Based on
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.