---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-019987"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2022-08-02T23:59:59+00:00"
generated_at: "2026-06-24T05:56:49.959568+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Q2 net income $131.8M, adjusted EBITDA record $112.8M, distribution raised 5% to $0.42/unit

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-22-019987
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2022-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162828022019987/0001628280-22-019987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828022019987/bsm-20220801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-019987
- JSON: https://secwatch.observer/filing/0001628280-22-019987.json
- Plain text: https://secwatch.observer/filing/0001628280-22-019987.txt

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