secwatch.observer — SEC 8-K summary
======================================

Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001628280-22-019987
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828022019987/0001628280-22-019987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828022019987/bsm-20220801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-019987

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