secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001628280-25-007505
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828025007505/0001628280-25-007505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828025007505/bsm-20250224.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-007505

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