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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.
Revenue by Segment
Forward Guidance
Black Stone Minerals has commodity derivative contracts in place covering portions of its anticipated production for 2022 and 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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