Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 Levels
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Black Stone Minerals reported a 1x distribution coverage for Q3 2024, with an 8% decline in production. The company expects a slight improvement in distribution coverage for Q4 2024, even if production declines further.
December 12, 2024 | 6:00 am
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Black Stone Minerals reported a 1x distribution coverage for Q3 2024, with an 8% decline in production. The company expects a slight improvement in distribution coverage for Q4 2024, even if production declines further.
The report indicates stable distribution coverage despite a production decline, suggesting resilience in financial management. The expected slight improvement in Q4 coverage, even with potential further production declines, indicates a positive outlook for investors.
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