secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001628280-26-030031
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828026030031/0001628280-26-030031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828026030031/bsm-20260504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-030031

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