secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2026-08-03T22:34:43+00:00
Accession:  0001628280-26-052042
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828026052042/0001628280-26-052042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828026052042/bsm-20260803.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-052042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer