---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-027434"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:30:48.318543+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-22-027434
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162828022027434/0001628280-22-027434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828022027434/bsm9302022-8xk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-027434
- JSON: https://secwatch.observer/filing/0001628280-22-027434.json
- Plain text: https://secwatch.observer/filing/0001628280-22-027434.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828022027434/0001628280-22-027434-index.htm

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