Black Stone Minerals, L.P.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
BSM$13.74-1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity
| Common units | Partners' equity | |
|---|---|---|
| BALANCE AT DECEMBER 31, 2024 | 210,695 | $828,961 |
| Repurchases of common units | (221) | (3,289) |
| Issuance of common units for property acquisitions | 256 | 3,905 |
| Restricted units granted, net of forfeitures | 900 | — |
| Equity–based compensation | — | 5,919 |
| Distributions | — | (79,177) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (414) |
| Distributions on Series B cumulative convertible preferred units | — | (7,366) |
| Net income | — | 15,948 |
| BALANCE AT MARCH 31, 2025 | 211,630 | $764,487 |
| Repurchases of common units | (36) | (466) |
| Issuance of common units for property acquisitions | 253 | 3,512 |
| Restricted units granted, net of forfeitures | (5) | — |
| Equity–based compensation | — | 1,691 |
| Distributions | — | (79,363) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (384) |
| Distributions on Series B cumulative convertible preferred units | — | (7,367) |
| Net income | — | 120,028 |
| BALANCE AT JUNE 30, 2025 | 211,842 | $802,138 |
| Restricted units granted, net of forfeitures | 12 | — |
| Equity–based compensation | — | 1,758 |
| Distributions | — | (63,556) |
| Charges to partners' equity for accrued distribution equivalent rights | — | 32 |
| Distributions on Series B cumulative convertible preferred units | — | (7,366) |
| Net income | — | 91,729 |
| BALANCE AT SEPTEMBER 30, 2025 | 211,854 | $824,735 |
CONSOLIDATED STATEMENTS OF EQUITY
| Common units | Partners' equity | |
|---|---|---|
| BALANCE AT DECEMBER 31, 2023 | 209,991 | $918,208 |
| Repurchases of common units | (287) | (4,381) |
| Restricted units granted, net of forfeitures | 952 | — |
| Equity–based compensation | — | 5,431 |
| Distributions | — | (99,899) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (595) |
| Distributions on Series B cumulative convertible preferred units | — | (7,367) |
| Net income | — | 63,927 |
| BALANCE AT MARCH 31, 2024 | 210,656 | $875,324 |
| Repurchases of common units | (4) | (68) |
| Issuance of common units for property acquisitions | 64 | 1,039 |
| Restricted units granted, net of forfeitures | (34) | — |
| Equity–based compensation | — | 1,935 |
| Distributions | — | (79,014) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (185) |
| Distributions on Series B cumulative convertible preferred units | — | (7,366) |
| Net income | — | 68,322 |
| BALANCE AT JUNE 30, 2024 | 210,682 | $859,987 |
| Restricted units granted, net of forfeitures | 6 | — |
| Equity–based compensation | — | 1,726 |
| Distributions | — | (79,008) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (247) |
| Distributions on Series B cumulative convertible preferred units | — | (7,366) |
| Net income | — | 92,731 |
| BALANCE AT SEPTEMBER 30, 2024 | 210,688 | $867,823 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.