secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001628280-21-021036
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Black Stone Minerals Reports Q3 2021 Net Income of $16.2M and Adjusted EBITDA of $76.5M
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- Mineral & royalty production of 33.0 MBoe/d in Q3 2021, total production 38.0 MBoe/d, up 2% from prior quarter.
- Distributable cash flow of $70.2M for Q3; distribution of $0.25 per unit, coverage ratio 1.35x.
- Total debt $99.0M at Sept 30, reduced to $86.0M by Oct 29; credit facility borrowing base reaffirmed at $400M.
- 2021 guidance updated: total production expected at or near high end of 34.5-37.0 MBoe/d range; LOE & production costs at low end.
- Aethon Shelby Trough wells turned to sales; Austin Chalk agreements with multiple operators, one well producing, five drilling.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828021021036/0001628280-21-021036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828021021036/bsm-20211101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-021036

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