Highest-materiality recent filing
Black Stone Minerals Q1 net income $13.3M; production up 16% QoQ to 35.9 MBoe/d
Net income $13.3M vs $72.2M Q4 2025; revenue $117.5M (+30% QoQ) on higher volumes & prices.
Net income Q4 2025 $72.2M vs $91.7M Q3 2025 and $46.3M Q4 2024; Adjusted EBITDA $76.7M vs $88.1M Q3.
BSM CEO to become Executive Chairman; co-CEOs appointed in succession plan
Thomas L. Carter, Jr. transitions to Executive Chairman on Jan 1, 2026; current Chair, CEO, Pres.
Black Stone Q3 net income $91.7M; distribution $0.30/unit; CEO succession to co-CEOs in Jan 2026
Q3 net income $91.7M, Adjusted EBITDA $86.3M, distributable cash flow $76.8M; distribution $0.30/unit (1.21x coverage).
Black Stone Minerals enters voting and standstill agreement with preferred unitholder AP Basileia
AP Basileia holds 14.7M preferred units; agrees to vote with Board on ordinary matters, standstill until Nov 2027.
Black Stone Minerals Q2 net income $120M; cuts 2025 production guidance to 33-35 MBoe/d
Q2 2025 net income $120.0M, Adjusted EBITDA $84.2M, distributable cash flow $74.8M.
Black Stone Minerals Q1 net income $15.9M, down 75% YoY; distribution held at $0.375/unit
Net income of $15.9M vs $63.9M in Q1 2024 (down 75%); Adjusted EBITDA $82.2M vs $104.1M.
Black Stone Minerals Q4 net income falls to $46.3M; 2025 production guidance 38-41 MBoe/d
Q4 net income $46.3M vs $147.6M in Q4 2023; Adjusted EBITDA $90.1M vs $125.5M.
Black Stone Minerals Q3 2024: Net income $92.7M, production down to 37.4 MBoe/d
Mineral and royalty production 35.3 MBoe/d (38.2 in Q2 2024, 40.3 in Q3 2023); total production 37.4 MBoe/d.
Black Stone Minerals Q2 net income $68.3M; holds $0.375/unit distribution
Mineral & royalty production 38.2 MBoe/d, total production 40.4 MBoe/d (flat QoQ).
BSM CFO Evan Kiefer separation includes $601,775 cash, equity vesting; annual meeting votes routine
Former CFO Evan Kiefer receives $601,775 lump sum, 12 months COBRA reimbursement, accelerated vesting of 3,628 restricted units and 12,179 performance units.
Black Stone Minerals CFO Evan Kiefer departs; Taylor DeWalch named CFO effective May 28, 2024
CFO Evan Kiefer departed roles effective May 28, 2024; expects separation and consulting agreement.
Black Stone Minerals cuts distribution 21% to $0.375/unit, lowers 2024 production guidance
Q1 2024 net income $63.9M, down from $147.6M in Q4 2023; Adjusted EBITDA $104.1M.
BSM Q4 net income $147.6M, zero debt; guides 2024 production growth
Q4 2023 net income $147.6M; Adjusted EBITDA $125.5M; distributable cash flow $119.1M.
Black Stone Minerals Q3 production 42.6 MBoe/d (+20% QoQ), distribution raised 6%
Mineral & royalty production 40.3 MBoe/d, up 20% from Q2; total production 42.6 MBoe/d.
Black Stone Minerals Q2 net income $78.4M, distribution up 13% YoY to $0.475
Net income of $78.4M vs $134.4M in Q1; adjusted EBITDA $109.2M; distributable cash flow $103.6M (1.04x coverage).
Black Stone Minerals Q1 net income $134.4M; distribution $0.475/unit, up 19% YoY
Mineral & royalty production 36.8 MBoe/d, down 8% QoQ; total production 39.3 MBoe/d.
Evan Kiefer appointed Interim CFO and Treasurer effective March 1, 2023; total target compensation increased to $1,000,000.
Black Stone Minerals Q4 2022: record mineral & royalty production 40.0 MBoe/d, net income $183.2M
Record mineral & royalty production 40.0 MBoe/d (+7% QoQ); total production 42.1 MBoe/d.
Black Stone Minerals reports record Q3 adjusted EBITDA and DCF; distribution raised to $0.45/unit
Net income $168.5M ($131.8M Q2); oil & gas revenue $218.0M (+6% QoQ).
Q2 net income $131.8M, adjusted EBITDA record $112.8M, distribution raised 5% to $0.42/unit
Net income of $131.8M vs net loss $7.0M in Q1 2022; oil & gas revenue $205.5M (+36% QoQ).
Black Stone Minerals Q1: net loss $7.0M, distribution raised 48% to $0.40/unit
Adjusted EBITDA $98.8M (+27% QoQ); distributable cash flow $92.6M (+30% QoQ).
Q4 net income $134.2M, distributable cash flow $71.3M; 2022 guidance issued
Q4 2021 net income $134.2M; Adjusted EBITDA $77.6M; distributable cash flow $71.3M (coverage 1.3x).
Black Stone Minerals Reports Q3 2021 Net Income of $16.2M and Adjusted EBITDA of $76.5M
Mineral & royalty production of 33.0 MBoe/d in Q3 2021, total production 38.0 MBoe/d, up 2% from prior quarter.
BSM Q2 2021: production up, revenue $110.4M, distribution $0.25/unit, guidance raised
Mineral & royalty production 32.5 MBoe/d (+5% QoQ); total production 38.2 MBoe/d.
On June 17, 2025, the Board of the General Partner of the Partnership and Carrie Clark, Senior Vice President and Chief Commercial Officer of the General Partner, agreed that Ms. Clark would depart her current roles at the general partner effective June 17, 2025.
Evan Kiefer stepped down from his position of Senior Vice President, Chief Financial Officer, and Treasurer of Black Stone Minerals GP, L.L.C., the Partnership’s general partner (the “General Partner”), on May 28, 2024.
On June 3, 2024, Black Stone Minerals, L.P. (the “Partnership”) appointed Chris Bonner as Controller and, effective upon the resignation of Dawn Smajstrla, principal accounting officer of the general partner
Ms. Smajstrla, the General Partner’s Vice President, Chief Accounting Officer and Treasurer, tendered her resignation on May 30, noting that she had accepted an offer of employment elsewhere. Her employment will terminate on June 13.
The Board of Directors has appointed Taylor DeWalch as Senior Vice President and Chief Financial Officer of the General Partner and Dawn Smajstrla as Treasurer of the General Partner, effective May 28, 2024.
On May 28, 2024, the Board of Directors of the general partner (the “General Partner”) of Black Stone Minerals, L.P. (the “Partnership”) and Evan Kiefer, Senior Vice President, Chief Financial Officer, and Treasurer of the General Partner, agreed that Mr. Kiefer would depart his current roles at the general partner effective May 28, 2024.
The Board of Directors has appointed Taylor DeWalch as Senior Vice President and Chief Financial Officer of the General Partner and Dawn Smajstrla as Treasurer of the General Partner, effective May 28, 2024.
Effective March 25, 2024, the Board appointed AJ Longmaid to serve as a member of the Board
John Longmaid notified Black Stone Minerals, L.P. (the “Partnership”) and Black Stone Minerals GP, L.L.C., the Partnership’s general partner (the “General Partner”), of his decision to resign as a director, effective as of the close of business on March 21.
On July 25, 2023, the Board appointed James Whitehead to serve as a member of the Board and as a member of the Audit Committee of Black Stone Minerals GP, L.L.C.
By letter dated April 13, 2023, Allison K. Thacker notified Black Stone Minerals, L.P. (the “Partnership”) and Black Stone Minerals GP, L.L.C., the Partnership’s general partner (the “General Partner”), of her decision not to stand for reelection at the Partnership’s upcoming annual meeting of limited partners.
Effective March 1, 2023, Evan Kiefer was appointed Interim Chief Financial Officer and Treasurer of the General Partner, and Thomas L. Carter, Jr. was appointed President of the General Partner.
Max materiality 0.90 · Median 0.65 · Most common event earnings