earnings
confidence high
sentiment positive
materiality 0.85
Q2 net income $131.8M, adjusted EBITDA record $112.8M, distribution raised 5% to $0.42/unit
Black Stone Minerals, L.P.
- Net income of $131.8M vs net loss $7.0M in Q1 2022; oil & gas revenue $205.5M (+36% QoQ).
- Adjusted EBITDA $112.8M (record high); distributable cash flow $106.6M (record).
- Distribution increased to $0.42/unit (+5% QoQ); coverage ratio 1.21x.
- Total production 33.5 MBoe/d (90% mineral & royalty); 2022 guidance at low end of 34-37 MBoe/d.
- Total debt $86.0M; borrowing base reaffirmed at $400M; 81 rigs on acreage at quarter-end.