---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-026288"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:21:52.233958+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-026288
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1621434/000162828023026288/0001628280-23-026288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828023026288/bsm-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-026288
- JSON: https://secwatch.observer/filing/0001628280-23-026288.json
- Plain text: https://secwatch.observer/filing/0001628280-23-026288.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828023026288/0001628280-23-026288-index.htm

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