Black Stone Minerals reports record Q3 adjusted EBITDA and DCF; distribution raised to $0.45/unit

Black Stone Minerals, L.P.

Net income $168.5M ($131.8M Q2); oil & gas revenue $218.0M (+6% QoQ).
Mineral & royalty production 37.3 MBoe/d (+23% QoQ); total production 40.0 MBoe/d.
Adjusted EBITDA record $123.1M; distributable cash flow record $116.5M; coverage 1.24x.
Distribution $0.45/unit (+7% QoQ); total debt reduced to $60M at quarter-end, further to $19M as of Oct 28.
Full-year 2022 production guidance raised to at or above midpoint of 34-37 MBoe/d; credit facility amended to $550M borrowing base, extended to 2027.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Black Stone Minerals, L.P. reported third quarter of 2022 results: revenue $218.0 million, net income $168.5 million.

Period: third quarter of 2022
Revenue: $218.0 million
Net income: $168.5 million
Result: reported results

Exact text from the filing

of 12% from $67.41 per Boe from the second quarter of 2022 and a 54% increase compared to $38.60 for the third quarter of 2021. Black Stone reported oil and gas revenue of $218.0 million (37% oil and condensate) for the third quarter of 2022, an increase of 6% from $205.5 million in the second quarter of 2022. Oil and gas revenue in the third quarter of 2021 was

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Source: SEC EDGAR

accession 0001628280-22-027434

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