secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001628280-23-014692
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828023014692/0001628280-23-014692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828023014692/bsm-20230501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-014692

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