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.
Black Stone Minerals, L.P. senior vice president, general counsel, and secretary Luke Stevens Putman sold 29,386 common units representing limited partner interests on April 6, 2026 in open-market transactions at a weighted average price of $14.4517 per unit.
The units were sold at prices ranging from $14.31 to $14.64. These sales were made under a pre-arranged Rule 10b5-1 trading plan that the reporting person adopted on December 4, 2025, meaning the trades were scheduled in advance. After these transactions, he directly held 732,031 common units.
Black Stone Minerals, L.P. senior vice president, general counsel, and secretary Luke Stevens Putman sold 29,386 common units representing limited partner interests in an open-market transaction at a weighted average price of $13.748 per unit. After the sale, he directly holds 702,645 units. The transactions were carried out under a Rule 10b5-1 trading plan adopted on December 4, 2025.
Black Stone Minerals, L.P. executive Luke Stevens Putman, SVP, General Counsel and Secretary, reported an open-market sale of 30,276 common units representing limited partner interests on March 5, 2026 at an average price of $15.2459 per unit. After this transaction, he directly holds 761,417 common units. The filing notes that these sales were made under a Rule 10b5-1 trading plan adopted on December 4, 2025. This Form 4/A amends a prior Form 4 that inadvertently omitted the trading plan adoption date.
Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 notice regarding 29,386 shares of Common Stock with a date of 05/05/2026 on the NYSE. The excerpt also lists prior 10b5-1 sales by Luke Stevens Putman on 04/06/2026 (29,386 shares, $424,677.66) and 03/05/2026 (30,276 shares, $461,584.87).
Black Stone Minerals reported essentially flat first-quarter 2026 results. Revenue from contracts with customers rose to $123.9 million from $115.3 million, driven by higher oil and natural gas volumes and prices, but a larger derivative loss of $64.6 million kept total revenue near prior-year levels.
Net income declined to $13.3 million from $15.9 million as interest expense increased with higher credit facility borrowings and hedge mark-to-market losses remained significant. Adjusted EBITDA held steady at $87.0 million, and Distributable Cash Flow slipped slightly to $76.5 million, supporting a quarterly common distribution of $0.30 per unit and preferred distributions of $7.4 million.
The partnership invested $11.5 million in additional East Texas mineral and royalty interests and ended the quarter with $187.0 million drawn on its credit facility and $188.0 million in remaining borrowing availability. Production grew 4.3% to 3,329 MBoe, supported by development in the Haynesville/Bossier and Permian Basin, while an extensive swap portfolio left it with a net derivative liability as prices moved.
Black Stone Minerals, L.P. reported higher volumes and cash generation for the first quarter of 2026 while net income was pressured by hedge losses. Mineral and royalty production averaged 35.9 MBoe/d, up 16% from the prior quarter, and total production reached 37.0 MBoe/d.
Revenue from oil, gas, and NGL sales rose to $117.5 million as the average realized price increased to $35.30 per Boe. A $64.6 million loss on commodity derivatives, mostly non-cash, limited net income to $13.3 million. Adjusted EBITDA was $87.0 million and Distributable Cash Flow was $76.5 million.
The Partnership declared a cash distribution of $0.30 per common unit, with 1.20x coverage. Total debt was $187.0 million at quarter-end and declined to $164.0 million by May 1, 2026. The credit facility borrowing base was reaffirmed at $580.0 million, with elected commitments of $375.0 million, and Black Stone maintained extensive oil and gas hedges through 2027.
Black Stone Minerals, L.P. is soliciting proxies for its virtual 2026 annual meeting on June 11, 2026, where unitholders will vote on electing 12 directors, ratifying Deloitte as auditor, and approving named executive officer pay on an advisory basis. Holders of 212,498,512 common units and 14,711,219 preferred units (227,209,731 units in total on an as-converted basis) as of April 13, 2026 may vote, with AP Basileia SPV, LLC agreeing to follow Board recommendations on ordinary-course matters. The proxy describes board structure, independence, ESG oversight, related-party policies, and a pay program emphasizing performance-based incentives, including STI bonuses tied to adjusted EBITDAX and long-term equity awards. It also details a CEO succession effective January 1, 2026, with Thomas L. Carter, Jr. becoming Executive Chairman and Fowler T. Carter and H. Taylor DeWalch appointed Co-Chief Executive Officers.
Black Stone Minerals, L.P. senior vice president, general counsel and secretary Luke Stevens Putman reported an open-market sale of common units representing limited partner interests. On April 6, 2026, he sold 29,386 common units at a weighted average price of $14.4517 per unit. After this transaction, he directly owned 732,031 common units. A footnote explains the units were sold in multiple trades at prices ranging from $14.31 to $14.64 per unit.
Kyle Jerry V. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Black Stone Minerals, L.P. director Jerry V. Kyle Jr. received a grant of 1,240 common units representing limited partner interests on April 2, 2026, valued at $15.12 per unit. According to a footnote, he elected to receive these units in lieu of a cash retainer for serving on the Board of Directors of the partnership’s general partner.
After this equity award, he directly holds 321,147 common units. The filing also lists indirect holdings of 250,088 units held by the Lena C Anderson Kyle 1968 Trust, 4,000 units held by a family limited partnership, and 350,182 units held by the Lena C A Kyle Trust.