{"schema_version":"secwatch.filing_event.v1","accession":"0001621434-26-000015","form_type":"8-K","ticker":"BSM","cik":"0001621434","company_name":"Black Stone Minerals, L.P.","filed_at":"2026-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.663524+00:00","generated_at":"2026-05-16T00:49:08.398635+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Black Stone Minerals Q4 2025 earnings: net income $72.2M, production down 11% QoQ, 2026 growth expected","bullets":["Net income Q4 2025 $72.2M vs $91.7M Q3 2025 and $46.3M Q4 2024; Adjusted EBITDA $76.7M vs $88.1M Q3.","Mineral & royalty production 30.9 MBoe/d, down 11% from Q3 2025 (34.7 MBoe/d) and from Q4 2024 (34.8 MBoe/d).","Q4 distribution $0.30/unit, coverage 1.05x; full year 2025 distribution $1.28/unit.","Acquired $114.5M mineral interests in 2025; debt $156M as of Feb 20, 2026 with $5.1M cash.","2026 guidance: expects production growth; new agreements with Revenant and Caturus add 8 wells in 2026, rising to 37 by 2031."],"urls":{"canonical":"https://secwatch.observer/filing/0001621434-26-000015","json":"https://secwatch.observer/filing/0001621434-26-000015.json","markdown":"https://secwatch.observer/filing/0001621434-26-000015.md","text":"https://secwatch.observer/filing/0001621434-26-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1621434/000162143426000015/0001621434-26-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1621434/000162143426000015/bsm-20260223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T00:49:08.398635+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}