--- schema_version: "secwatch.filing_event.v1" accession: "0001628280-24-005445" form_type: "8-K" ticker: "BSM" cik: "0001621434" company_name: "Black Stone Minerals, L.P." filed_at: "2024-02-20T23:59:59+00:00" generated_at: "2026-06-05T23:08:51.458139+00:00" event_type: "earnings" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # BSM Q4 net income $147.6M, zero debt; guides 2024 production growth ## Summary - 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. ## SEC filing metadata - accession: 0001628280-24-005445 - form_type: 8-K - ticker: BSM - cik: 0001621434 - company_name: Black Stone Minerals, L.P. - filed_at: 2024-02-20T23:59:59+00:00 - event_type: earnings - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.02, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/0001628280-24-005445-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/bsm-20240219.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001628280-24-005445 - JSON: https://secwatch.observer/filing/0001628280-24-005445.json - Plain text: https://secwatch.observer/filing/0001628280-24-005445.txt ## Key facts - Earnings Releases 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 source text: Reported 2023 net income and Adjusted EBITDA of $422.5 million and $474.7 million, respectively evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/0001628280-24-005445-index.htm - Earnings Releases 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 source text: For the quarter ended December 31, 2022, net income was $183.2 million. evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/0001628280-24-005445-index.htm - Earnings Releases 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/0001628280-24-005445-index.htm - Earnings Releases 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/0001628280-24-005445-index.htm - Earnings Releases 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/0001628280-24-005445-index.htm - Earnings Releases 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/0001628280-24-005445-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.