Black Stone Minerals LP (Black Stone Minerals LP) Interest Expense : $-2.6 Mil (TTM As of Mar. 2024)

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What is Black Stone Minerals LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Black Stone Minerals LP's interest expense for the three months ended in Mar. 2024 was $ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Black Stone Minerals LP's Operating Income for the three months ended in Mar. 2024 was $ 75.3 Mil. Black Stone Minerals LP's Interest Expense for the three months ended in Mar. 2024 was $ -0.6 Mil. Black Stone Minerals LP's Interest Coverage for the quarter that ended in Mar. 2024 was 119.66. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Black Stone Minerals LP Interest Expense Historical Data

The historical data trend for Black Stone Minerals LP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Black Stone Minerals LP Interest Expense Chart

Black Stone Minerals LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-21.44

-10.41

-5.64

-6.29

-2.75

Black Stone Minerals LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.81	-0.65	-0.62	-0.67	-0.63

Black Stone Minerals LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.6 Mil.

Black Stone Minerals LP (NYSE:BSM) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Black Stone Minerals LP's Interest Expense for the three months ended in Mar. 2024 was $-0.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was $75.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.0 Mil.

Black Stone Minerals LP's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	75.264	/	-0.629
	=	119.66

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Black Stone Minerals LP has no debt.

Black Stone Minerals LP (Black Stone Minerals LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Stone Minerals LP (NYSE:BSM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

1001 Fannin Street, Suite 2020, Houston, TX, USA, 77002

Website

https://www.blackstoneminerals.com

Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which make up the majority of the asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests.

Executives

Carter Thomas L Jr	officer: President, CEO, and Chairman	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
D Mark Dewalch	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
James Whitehead	director	1001 FANNIN ST, SUITE 2020, HOUSTON TX 77006
Luke Stevens Putman	officer: See Remarks	601 JEFFERSON, SUITE 3600, HOUSTON TX 77002
Evan Montgomery Kiefer	officer: Interim CFO & Treasurer	1001 FANNIN ST, SUITE 2020, HOUSTON TX 77002
Dawn Smajstrla	officer: VP, Chief Accounting Officer	801 LOUISIANA, STE 700, HOUSTON X1 77479
Jeffrey P. Wood	officer: SVP, CFO	EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Carrie Pearson Clark	officer: SVP, Land and Legal	825 TOWN & COUNTRY LANE, SUITE 1100, HOUSTON TX 77024
William N. Mathis	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Holbrook F Dorn	officer: See Remarks	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Brock Morris	officer: See Remarks	1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Alexander D. Stuart	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
William E. Randall	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Ricky J. Haeflinger	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
William G Bardel	director	C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652