---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-052042"
form_type: "8-K"
ticker: "BSM"
cik: "0001621434"
company_name: "Black Stone Minerals, L.P."
filed_at: "2026-08-03T22:34:43+00:00"
generated_at: "2026-08-04T10:06:04.321083+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Black Stone Minerals Q2 net income $106.4M, distribution raised 7% to $0.32/unit

## Summary
- Net income $106.4M (Q1: $13.3M, Q2 2025: $120.0M); Adjusted EBITDA $91.3M.
- Distribution increased 7% to $0.32/unit, payable Aug 13, record Aug 6; coverage 1.18x.
- Mineral & royalty production 32.5 MBoe/d (-9% QoQ); realized price $37.82/Boe (+7% QoQ).
- Acquisitions corrected to $37.2M for Q2 (not $48.7M); total $299.7M since Sep 2023.
- Debt $196M at June 30, reduced to $168M by July 31; borrowing base reaffirmed at $580M.

## SEC filing metadata
- accession: 0001628280-26-052042
- form_type: 8-K
- ticker: BSM
- cik: 0001621434
- company_name: Black Stone Minerals, L.P.
- filed_at: 2026-08-03T22:34:43+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621434/000162828026052042/0001628280-26-052042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621434/000162828026052042/bsm-20260803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-052042
- JSON: https://secwatch.observer/filing/0001628280-26-052042.json
- Plain text: https://secwatch.observer/filing/0001628280-26-052042.txt

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