---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-030031"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:23:41.599112+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Black Stone Minerals Q1 net income $13.3M; production up 16% QoQ to 35.9 MBoe/d

## Summary
- Net income $13.3M vs $72.2M Q4 2025; revenue $117.5M (+30% QoQ) on higher volumes & prices.
- Mineral & royalty production 35.9 MBoe/d (+16% QoQ); total production 37.0 MBoe/d (76% gas).
- Distributable cash flow $76.5M; distribution $0.30/unit (1.20x coverage) payable May 15.
- Debt reduced to $164M post-quarter; borrowing base reaffirmed at $580M; $10M cash on hand.
- Revenant spud 2 wells; one well control incident in April under assessment for commitment impact.

## SEC filing metadata
- accession: 0001628280-26-030031
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162828026030031/0001628280-26-030031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828026030031/bsm-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-030031
- JSON: https://secwatch.observer/filing/0001628280-26-030031.json
- Plain text: https://secwatch.observer/filing/0001628280-26-030031.txt

## Key facts
- Earnings Releases
  Black Stone Minerals, L.P. reported first quarter of 2026 results: revenue $117.5 million, net income $13.3 million.
  - Period: first quarter of 2026
  - Revenue: $117.5 million
  - Net income: $13.3 million
  - Result: reported results
  source text: is an increase of 15% from $30.63 per Boe in the fourth quarter of 2025 and a 4% increase from $33.94 in the first quarter of 2025. Black Stone reported oil and gas revenue of $117.5 million (46% oil and condensate) for the first quarter of 2026, an increase of 30% from $90.5 million in the fourth quarter of 2025. Oil and gas revenue in the first quarter of 2025 was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621434/000162828026030031/0001628280-26-030031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.