secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001628280-23-035568
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828023035568/0001628280-23-035568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828023035568/bsm-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035568

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