---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-011815"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:30:14.042349+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Black Stone Minerals Q1: net loss $7.0M, distribution raised 48% to $0.40/unit

## Summary
- Adjusted EBITDA $98.8M (+27% QoQ); distributable cash flow $92.6M (+30% QoQ).
- Mineral/royalty production 29.6 MBoe/d (-16% QoQ); total production 32.9 MBoe/d.
- Distribution $0.40/unit (+48% vs Q4 2021), coverage 1.1x; payable May 20, record May 13.
- Net loss $7.0M vs Q4 net income $134.2M, due to $120M derivative loss ($88.8M unrealized).
- Debt reduced to $44.0M post-quarter; $400M borrowing base reaffirmed.

## SEC filing metadata
- accession: 0001628280-22-011815
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162828022011815/0001628280-22-011815-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828022011815/bsm-20220502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-011815
- JSON: https://secwatch.observer/filing/0001628280-22-011815.json
- Plain text: https://secwatch.observer/filing/0001628280-22-011815.txt

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