secwatch.observer — SEC 8-K summary
======================================

Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001628280-24-005445
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/0001628280-24-005445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828024005445/bsm-20240219.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-005445

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer