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

Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001628280-24-034869
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828024034869/0001628280-24-034869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828024034869/bsm-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034869

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