---
schema_version: "secwatch.filing_event.v1"
accession: "0001621434-25-000105"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:44:09.921100+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Black Stone Minerals Q2 net income $120M; cuts 2025 production guidance to 33-35 MBoe/d

## Summary
- Q2 2025 net income $120.0M, Adjusted EBITDA $84.2M, distributable cash flow $74.8M.
- Total production 34.6 MBoe/d (-14% YoY); mineral & royalty 33.2 MBoe/d.
- Distribution cut to $0.30/unit (-20% QoQ); 1.18x coverage; payable Aug 14.
- 2025 production guidance lowered to 33-35 MBoe/d from 38-41 MBoe/d due to delayed nat gas growth.
- New development agreement with Revenant Energy covering ~270k gross acres; marketing 180k additional acres.

## SEC filing metadata
- accession: 0001621434-25-000105
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162143425000105/0001621434-25-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162143425000105/bsm-20250804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001621434-25-000105
- JSON: https://secwatch.observer/filing/0001621434-25-000105.json
- Plain text: https://secwatch.observer/filing/0001621434-25-000105.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.