earnings
confidence high
sentiment positive
materiality 0.80
Black Stone Minerals Q4 2022: record mineral & royalty production 40.0 MBoe/d, net income $183.2M
Black Stone Minerals, L.P.
- Record mineral & royalty production 40.0 MBoe/d (+7% QoQ); total production 42.1 MBoe/d.
- Net income $183.2M; Adjusted EBITDA record $131.7M; distributable cash flow record $125.3M.
- Distribution increased to $0.475/unit (+6% QoQ), coverage 1.26x; total debt reduced to $10M.
- 2023 guidance: mineral & royalty production 35-37 MBoe/d (+5% YoY); total production 37-39 MBoe/d.
- Proved reserves up 7% to 64.1 MMBoe; standardized measure $1,665M vs $972M year-end 2021.