earnings
confidence high
sentiment positive
materiality 0.80
Q4 net income $134.2M, distributable cash flow $71.3M; 2022 guidance issued
Black Stone Minerals, L.P.
- Q4 2021 net income $134.2M; Adjusted EBITDA $77.6M; distributable cash flow $71.3M (coverage 1.3x).
- Full year 2021 net income $182M, Adjusted EBITDA $292.5M; distributions up 70% to $0.945/unit.
- Total debt reduced $32M to $89M; leverage 0.3x trailing Adjusted EBITDA.
- Q4 production 39.1 MBoe/d (mineral/royalty 35.2 MBoe/d); 71% natural gas.
- 2022 guidance: total production 34-37 MBoe/d; G&A $49-$53M; mineral/royalty production 31-33 MBoe/d.