BSM Q4 net income $147.6M, zero debt; guides 2024 production growth

Black Stone Minerals, L.P.

Q4 2023 net income $147.6M; Adjusted EBITDA $125.5M; distributable cash flow $119.1M.
Q4 distribution $0.475/unit, coverage 1.19x; FY 2023 distributions increased 9% to $1.90/unit.
Zero debt as of Feb 16, 2024; cash $102.9M; $150M buyback program inactive in Q4.
FY 2024 guidance: mineral & royalty production 39–40 MBoe/d (up ~4%), total 40–42 MBoe/d.
Aethon invoked time-out on Shelby Trough drilling obligations due to low gas prices.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Black Stone Minerals, L.P. reported the full year of 2023 results: net income Reported 2023 net income ... of $422.5 million.

Period: the full year of 2023
Net income: Reported 2023 net income ... of $422.5 million
Result: reported results

Exact text from the filing

Reported 2023 net income and Adjusted EBITDA of $422.5 million and $474.7 million, respectively

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Earnings Releases SEC 8-K Item 2.02 confidence 0.96

Black Stone Minerals, L.P. reported the quarter ended December 31, 2022 results: revenue Oil and gas revenue in the fourth quarter of 2022 was $196.2 million, net income net income was $183.2 million for the quarter ended December 31, 2022.

Period: the quarter ended December 31, 2022
Revenue: Oil and gas revenue in the fourth quarter of 2022 was $196.2 million
Net income: net income was $183.2 million for the quarter ended December 31, 2022
Result: reported results

Exact text from the filing

For the quarter ended December 31, 2022, net income was $183.2 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Black Stone Minerals, L.P. reported the fourth quarter of 2023 results: revenue oil and gas revenue of $132.6 million (60% oil and condensate) for the fourth quarter of 2023, a decrease of 1% from $13.

Period: the fourth quarter of 2023
Revenue: oil and gas revenue of $132.6 million (60% oil and condensate) for the fourth quarter of 2023, a decrease of 1% from $13
Result: reported results

Exact text from the filing

The Company reported net income of $147.6 million for the quarter ended December 31, 2023, compared to net income of $62.1 million in the preceding quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Period: the fourth quarter of 2023
Revenue: oil and gas revenue of $132.6 million (60% oil and condensate) for the fourth quarter of 2023, a decrease of 1% from $13
Result: reported results

Exact text from the filing

Black Stone reported oil and gas revenue of $132.6 million (60% oil and condensate) for the fourth quarter of 2023, a decrease of 1% from $134.5 million in the third quarter of 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Black Stone Minerals, L.P. reported the fourth quarter and full year of 2023 results: revenue oil and gas revenue of $132.6 million, net income net income of $147.6 million for the quarter ended December 31, 2023... net income was $62.1 million in the preceding qu.

Period: the fourth quarter and full year of 2023
Revenue: oil and gas revenue of $132.6 million
Net income: net income of $147.6 million for the quarter ended December 31, 2023... net income was $62.1 million in the preceding qu
Result: reported results

Exact text from the filing

of 2% from $34.30 per Boe for the third quarter of 2023 and a 31% decrease compared to $50.67 for the fourth quarter of 2022. Black Stone reported oil and gas revenue of $132.6 million (60% oil and condensate) for the fourth quarter of 2023, a decrease of 1% from $134.5 million in the third quarter of 2023. Oil and gas revenue in the fourth quarter of 2022 was

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Black Stone Minerals, L.P. reported the quarter ended September 30, 2023 results: net income net income of $62.1 million in the preceding quarter.

Period: the quarter ended September 30, 2023
Net income: net income of $62.1 million in the preceding quarter
Result: reported results

Exact text from the filing

The Company reported net income of $147.6 million for the quarter ended December 31, 2023, compared to net income of $62.1 million in the preceding quarter.

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Black Stone Minerals, L.P. filing history →

Source: SEC EDGAR

accession 0001628280-24-005445

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