Black Stone Minerals Q2 net income $78.4M, distribution up 13% YoY to $0.475

Black Stone Minerals, L.P.

Net income of $78.4M vs $134.4M in Q1; adjusted EBITDA $109.2M; distributable cash flow $103.6M (1.04x coverage).
Mineral & royalty production 33.6 MBoe/d (down 9% QoQ); total production 36.2 MBoe/d; 74% natural gas.
Distribution of $0.475/unit (13% above Q2 2022); payable Aug 18, 2023 to holders of record Aug 11.
No debt outstanding; $81.4M cash as of July 28; $375M credit facility undrawn; borrowing base reaffirmed at $550M.
Full-year 2023 production guidance reaffirmed at 37-39 MBoe/d; hedge positions extended through 2024.

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 0.9

Black Stone Minerals, L.P. reported second quarter of 2023 results: revenue $103.2 million, net income $78.4 million.

Period: second quarter of 2023
Revenue: $103.2 million
Net income: $78.4 million
Result: reported results

Exact text from the filing

was 36.2 MBoe/d for the quarter. • Net income for the second quarter was $78.4 million. Adjusted EBITDA for the quarter totaled $109.2 million. • Distributable cash flow was $103.6 million for the second quarter and the fifth consecutive quarter above $100 million. • Black Stone announced a distribution of $0.475 per unit with respect to the second quarter of 2023,

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Source: SEC EDGAR

accession 0001628280-23-026288

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