secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001628280-24-045077
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Black Stone Minerals Q3 2024: Net income $92.7M, production down to 37.4 MBoe/d
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- Mineral and royalty production 35.3 MBoe/d (38.2 in Q2 2024, 40.3 in Q3 2023); total production 37.4 MBoe/d.
- Oil and gas revenue $101.0M, down 8% QoQ from $110.4M and 25% YoY from $134.5M.
- Net income $92.7M vs $68.3M Q2 2024 and $62.1M Q3 2023, boosted by $31.7M derivative gains.
- Distribution maintained at $0.375/unit; coverage 1.00x; no debt, $42.8M cash at Nov 1.
- Amended Aethon JEAs: extended program year 9 months, released 25,000 acres from area of mutual interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828024045077/0001628280-24-045077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828024045077/bsm-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045077

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