Welcome to our dedicated page for Black Stone Minerals, L.P. SEC filings (Ticker: BSM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Black Stone Minerals, L.P. filings document the reporting obligations of a publicly traded oil and natural gas mineral and royalty partnership. Current reports on Form 8-K furnish quarterly and annual operating results, mineral and royalty production, working-interest volumes, net income, Adjusted EBITDA, distributable cash flow, cash distributions, distribution coverage, debt, and guidance.
Proxy materials describe annual limited partner voting matters, including elections to the Board of Directors of the partnership’s general partner. Other 8-K disclosures record governance and executive matters, including completed officer and director appointments, compensation arrangements, and amendments to prior material-event reports. Together, the filings cover operating performance, capital structure, unitholder distributions, governance, and risk-related public-company disclosure for BSM.
Morgan Stanley filed a Schedule 13G reporting beneficial ownership of common units of Black Stone Minerals, L.P. (BSM). The filing states that certain Morgan Stanley reporting units hold 11,022,504 common units, representing 5.2% of the class. These units carry shared voting power over 10,591,252 units and shared dispositive power over 11,022,504 units, with no sole voting or dispositive power reported. Ownership is attributed to specific Morgan Stanley operating units, and the filing notes that other disaggregated Morgan Stanley units, if any, are not included in this reported stake.
Black Stone Minerals, L.P. (BSM) director Stuart Alexander D. reported a bona fide gift of 15,900 common units representing limited partner interests on 2026-08-18 at a reported price of $0.00 per unit. Following this gift, he directly held 2,040,075 common units and also reported multiple indirect holdings through various partnerships and trusts.
Black Stone Minerals, L.P. director James Whitehead reported indirect sales of common units representing limited partner interests on August 6, 2026. Entities associated with him sold 498,343 units through Eagle Gathering System Ltd. and 1,628,762 units through Lacy Properties Ltd. at $13.21 per unit. A footnote states that Eagle Gathering System Ltd., Lacy Properties Ltd., and R. Lacy Services Ltd. Retirement Plan plan to divest their common-unit positions by year-end 2026 for estate-planning and diversification purposes, and the reported sales are part of that plan. Following these transactions, Eagle Gathering System Ltd. reported 0 units, while Lacy Properties Ltd. reported 646,058 units remaining. Whitehead also reported additional direct and indirect holdings, including 51,865 units held directly, 26,153 units held by a trust, and 3,102,146 units held indirectly by Crain Energy Ltd.
BSM has a planned resale of common stock under Rule 144. The notice lists Morgan Stanley Smith Barney LLC Executive Financial Services as the broker for a proposed sale of 498,343 shares of common stock on the NYSE, with an indicated value of $6,583,111.03 as of 08/06/2026. These shares were originally acquired for cash in private transactions from the issuer or an affiliate on 05/06/2015 (215,753 shares) and 05/24/2019 (282,590 shares). No sales of these securities are reported during the past three months.
A holder of BSM common stock has filed a notice of a planned sale of shares through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, referencing 212710571 common shares and an associated value of 21515946.02.
The filing also lists prior cash-funded private acquisitions from the issuer or an affiliate of 984866 common shares on May 6, 2015 and 643896 common shares on May 24, 2019.
Black Stone Minerals, L.P. director Jerry V. Kyle Jr. reported that a trust associated with him acquired 7,665 common units on July 31, 2026 through a liquidating distribution from a family limited partnership over which he exercised no investment or voting control.
He also reports 322,489 common units held directly and additional indirect holdings of 250,088, 4,000, and 350,182 common units through various named trusts and a family limited partnership.
Black Stone Minerals, L.P. generated Q2 2026 net income of $106.4 million, down from $120.0 million a year earlier, as smaller gains on commodity derivatives outweighed higher oil realizations. Revenue from contracts with customers increased to $122.1 million, though total revenue including derivatives decreased to $148.9 million.
Production was stable at 3.1 million Boe, with oil volumes flat and natural gas modestly lower; realized oil prices rose to $87.08 per barrel. For the first half of 2026, net income was $119.6 million, Adjusted EBITDA $178.3 million, and Distributable Cash Flow $156.9 million. The partnership invested $48.7 million in East Texas mineral and royalty acquisitions, funded partly with its credit facility, which had $196.0 million drawn against a $580.0 million borrowing base. A quarterly common distribution of $0.32 per unit was approved for Q2 2026, while Series B preferred units continue to receive a 9.8% annual rate.
Black Stone Minerals, L.P. corrected its second-quarter 2026 disclosure, stating mineral and royalty interest acquisitions were $37.2 million for the quarter, not $48.7 million, which represented acquisitions for the six months ended June 30, 2026.
For the quarter, the partnership reported net income of $106.4 million, Adjusted EBITDA of $91.3 million, and distributable cash flow of $80.4 million. Total production averaged 33.5 MBoe/d, 97% from mineral and royalty interests, with an average realized price of $37.82 per Boe. The board approved a cash distribution of $0.32 per unit attributable to the quarter, or $1.28 annualized, with distribution coverage of 1.18x. Total debt was $196.0 million at June 30, 2026 and $168.0 million as of July 31, 2026, with the borrowing base under the credit facility reaffirmed at $580.0 million and elected commitments of $375.0 million.
DeWalch D Mark reported acquisition or exercise transactions in this Form 4 filing.
Black Stone Minerals, L.P. director D. Mark DeWalch reported an equity grant of common units representing limited partner interests. He received 1,342 units at $13.97 per unit, increasing his directly held position to 432,837 units. According to the filing, this award reflects a prior arrangement under which he elected to receive common units instead of a cash retainer for serving on the board.
Randall William E. reported acquisition or exercise transactions in this Form 4 filing.
Black Stone Minerals, L.P. director William E. Randall reported receiving 1,610 common units representing limited partner interests. The units were valued at $13.97 per unit and were awarded as compensation for serving on the Board of Directors.
According to the disclosure, Randall elected to receive these common units instead of a cash retainer under a prior arrangement. After this grant, he directly holds a total of 193,384 common units, reflecting an incremental, compensation-related increase in his equity stake.