secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001628280-23-026288
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828023026288/0001628280-23-026288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828023026288/bsm-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-026288

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