{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-007505","form_type":"8-K","ticker":"BSM","cik":"0001621434","company_name":"Black Stone Minerals, L.P.","filed_at":"2025-02-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.216697+00:00","generated_at":"2026-05-26T04:46:56.815893+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Black Stone Minerals Q4 net income falls to $46.3M; 2025 production guidance 38-41 MBoe/d","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-007505","json":"https://secwatch.observer/filing/0001628280-25-007505.json","markdown":"https://secwatch.observer/filing/0001628280-25-007505.md","text":"https://secwatch.observer/filing/0001628280-25-007505.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1621434/000162828025007505/0001628280-25-007505-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1621434/000162828025007505/bsm-20250224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T04:46:56.815893+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}