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Mar 31, 2022
Black Stone Minerals Q1 2022 Earnings Report
Black Stone Minerals reported first quarter results with a net loss of $7.0 million and distributable cash flow of $92.6 million.
Key Takeaways
Black Stone Minerals, L.P. announced its first quarter 2022 financial and operating results. The company reported a net loss of $7.0 million, but distributable cash flow increased by 30% to $92.6 million compared to the previous quarter. The company's board approved a cash distribution of $0.40 per unit, a 48% increase from the previous quarter.
Mineral and royalty production equaled 29.6 MBoe/d, a decrease of 16% over the prior quarter.
Adjusted EBITDA totaled $98.8 million, an increase of 27% over the prior quarter.
Distributable cash flow was $92.6 million, an increase of 30% relative to the fourth quarter of 2021.
A distribution of $0.40 per unit was announced, a 48% increase from the distribution paid with respect to the fourth quarter of 2021.
Black Stone Minerals
Black Stone Minerals
Black Stone Minerals Revenue by Segment
Revenue by Segment
Oil & Condensate Revenue
CapyFin.comNatural Gas & NGL Revenue
CapyFin.comLease & Other Income Revenue
CapyFin.comCommodity Derivatives Revenue
CapyFin.com Forward Guidance
Black Stone Minerals has commodity derivative contracts in place covering portions of its anticipated production for 2022 and 2023.