Black Stone Minerals LP

Q2 FY2026 EarningsQ2 FY26 results beat consensus across most key financial metrics: total revenue of $149.0M outperformed the $107.7M expected, while Diluted EPS of $0.47 significantly exceeded the $0.23 mean consensus. The revenue beat was primarily driven by higher realized oil prices ($87.08/Bbl vs. $64.67/Bbl YoY) and $35.6M in unrealized commodity derivative gains. Management announced a quarterly distribution of $0.32 per common unit, representing a 6.7% sequential increase from the $0.30 paid in Q1 FY26.