Black Stone Minerals Q3 production 42.6 MBoe/d (+20% QoQ), distribution raised 6%

Black Stone Minerals, L.P.

Mineral & royalty production 40.3 MBoe/d, up 20% from Q2; total production 42.6 MBoe/d.
Net income $62.1M; adjusted EBITDA $130.0M; distributable cash flow $124.4M.
Distribution $0.475/unit (6% vs. Q3 2022), 1.25x coverage; annualized $1.90/unit.
Zero debt at Sept 30; $90.6M cash; new $150M unit repurchase program approved.
Evan Kiefer appointed permanent CFO; full-year 2023 production guided to upper end of 37-39 Mboe/d.

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 third quarter of 2023 results: revenue oil and gas revenue of $134.5 million, net income net income of $62.1 million.

Period: third quarter of 2023
Revenue: oil and gas revenue of $134.5 million
Net income: net income of $62.1 million
Result: reported results

Exact text from the filing

is an increase of 9% from $31.35 per Boe in the second quarter of 2023 and a 42% decrease from $59.30 in the third quarter of 2022. Black Stone reported oil and gas revenue of $134.5 million (64% oil and condensate) for the third quarter of 2023, an increase of 30% from $103.2 million in the second quarter of 2023. Oil and gas revenue in the third quarter of 2022 was

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Source: SEC EDGAR

accession 0001628280-23-035568

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