secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001628280-21-015217
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BSM Q2 2021: production up, revenue $110.4M, distribution $0.25/unit, guidance raised
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- Mineral & royalty production 32.5 MBoe/d (+5% QoQ); total production 38.2 MBoe/d.
- Net income $15.4M, Adjusted EBITDA $78.4M, distributable cash flow $72.1M (+34% QoQ).
- Distribution of $0.25/unit ($0.20 base + $0.05 special) payable Aug 20; coverage 1.4x.
- Revised 2021 production guidance raised to 34.5-37.0 MBoe/d; lease bonus income raised to $10-15M.
- Debt reduced to $81M post-quarter; credit facility reaffirmed at $400M, extended to Nov 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828021015217/0001628280-21-015217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828021015217/bsm-20210802.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-015217

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