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Mar 31, 2023
Black Stone Minerals Q1 2023 Earnings Report
Black Stone Minerals reported a net income of $134.4 million and total production averaged 39.3 MBoe/d.
Key Takeaways
Black Stone Minerals, L.P. announced its financial and operating results for the first quarter of 2023. The company reported a net income of $134.4 million. Total production averaged 39.3 MBoe/d. The Board approved a cash distribution of $0.475 for each common unit attributable to the first quarter of 2023.
Mineral and royalty production equaled 36.8 MBoe/d, a decrease of 8% over the prior quarter; total production was 39.3 MBoe/d for the quarter.
Net income for the first quarter was $134.4 million; Adjusted EBITDA totaled $109.9 million, a decrease of 17% over the prior quarter.
Distributable cash flow was $104.1 million for the first quarter, a decrease of 17% relative to the fourth quarter of 2022.
Announced a distribution of $0.475 per unit with respect to the first quarter of 2023, an increase of 19% over the common distribution paid to the first quarter of 2022.
Revenue by Segment
Forward Guidance
Black Stone Minerals has commodity derivative contracts in place covering portions of its anticipated production for 2023 and 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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