BSMBlack Stone Minerals, L.P.

$3B

Q2 2017 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$121M+197.1% YoY

Gross Profit

$76M62.7% margin

Operating Income

$58M48.0% margin

Net Income

$54M45.0% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$75M

Free Cash Flow

$41M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$452M

Stockholders' Equity

$797M

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$121M	$41M	+197.1%
Gross Profit	$76M	$72,000	+104918.1%
Operating Income	$58M	-$19M	+397.0%
Net Income	$54M	-$21M	+360.5%

BSM Q2 2017 Earnings — Black Stone Minerals, L.P. Revenue & Financial Results | Market Cap Arena