secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001628280-22-003213
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828022003213/0001628280-22-003213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828022003213/bsm-20220221.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-003213

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