---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-003213"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2022-02-22T23:59:59+00:00"
generated_at: "2026-06-27T06:10:01.108679+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Q4 net income $134.2M, distributable cash flow $71.3M; 2022 guidance issued

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-22-003213
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2022-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162828022003213/0001628280-22-003213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828022003213/bsm-20220221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-003213
- JSON: https://secwatch.observer/filing/0001628280-22-003213.json
- Plain text: https://secwatch.observer/filing/0001628280-22-003213.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.