Black Stone Minerals Q1 net income $134.4M; distribution $0.475/unit, up 19% YoY

Black Stone Minerals, L.P.

Mineral & royalty production 36.8 MBoe/d, down 8% QoQ; total production 39.3 MBoe/d.
Adjusted EBITDA $109.9M, down 17% from Q4 2022; distributable cash flow $104.1M.
Zero total debt; $66M cash as of Apr 28; borrowing base reaffirmed at $550M.
Distribution of $0.475/unit declared, 19% increase vs Q1 2022; coverage 1.04x.
78 rigs operating at quarter end (down from 108); Aethon Shelby Trough wells progressing.

item 2.02 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 first quarter of 2023 results: revenue $118.3 million, net income $134.4 million.

Period: first quarter of 2023
Revenue: $118.3 million
Net income: $134.4 million
Result: reported results

Exact text from the filing

of 34% from $50.66 per Boe from the fourth quarter of 2022 and a 35% decrease compared to $51.25 for the first quarter of 2022. Black Stone reported oil and gas revenue of $118.3 million (51% oil and condensate) for the first quarter of 2023, a decrease of 40% from $196.2 million in the fourth quarter of 2022. Oil and gas revenue in the first quarter of 2022 was

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Source: SEC EDGAR

accession 0001628280-23-014692

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