secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001621434-25-000105
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162143425000105/0001621434-25-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162143425000105/bsm-20250804.htm
  HTML page:      https://secwatch.observer/filing/0001621434-25-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer