secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001628280-22-011815
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828022011815/0001628280-22-011815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828022011815/bsm-20220502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-011815

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