Black Stone Minerals Q4 net income falls to $46.3M; 2025 production guidance 38-41 MBoe/d

Black Stone Minerals, L.P.

Q4 net income $46.3M vs $147.6M in Q4 2023; Adjusted EBITDA $90.1M vs $125.5M.
Total Q4 production 36.1 MBoe/d, down 12% YoY; mineral & royalty 34.8 MBoe/d.
Distribution maintained at $0.375/unit (1.03x coverage); full-year distributions $1.50/unit.
2025 guidance: total production 38-41 MBoe/d, 2% growth; 96% royalty interest; G&A $57-60M.
Acquired $45.2M mineral interests in Q4; proved reserves down 11% to 57.4 MMBoe.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.