Black Stone Minerals Q2 net income $68.3M; holds $0.375/unit distribution

Black Stone Minerals, L.P.

Mineral & royalty production 38.2 MBoe/d, total production 40.4 MBoe/d (flat QoQ).
Adjusted EBITDA $100.2M; distributable cash flow $92.5M; oil & gas revenue $110.4M (down 3% QoQ).
Distribution $0.375/unit paid Aug 16, coverage 1.17x; no debt outstanding, cash $61M as of Aug 2.
Acquired $26.5M in mineral interests in Q2 ($65.1M since Sep 2023); rig count fell to 62 from 78.
Derivative loss $5.5M ($11.8M realized gain, $17.4M non-cash unrealized loss).

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