Black Stone Minerals, L.P.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
BSM$13.74-1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity F-
CONSOLIDATED STATEMENTS OF EQUITY
| Common units | Partners' equity | |
|---|---|---|
| BALANCE AT DECEMBER 31, 2022 | 209,407 | $911,451 |
| Repurchases of common units | (358) | (5,496) |
| Restricted units granted, net of forfeitures | 942 | — |
| Equity-based compensation | — | 12,525 |
| Distributions to common unitholders ($1.90 per unit) | — | (398,824) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (2,221) |
| Distributions on Series B cumulative convertible preferred units ($1.48 per unit) | — | (21,776) |
| Net income | — | 422,549 |
| BALANCE AT DECEMBER 31, 2023 | 209,991 | 918,208 |
| Repurchases of common units | (291) | (4,449) |
| Issuance of common units for acquisition of oil and natural gas properties | 64 | 1,039 |
| Restricted units granted, net of forfeitures | 931 | — |
| Equity-based compensation | — | 10,441 |
| Distributions to common unitholders ($1.60 per unit) | — | (336,931) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (1,207) |
| Distributions on Series B cumulative convertible preferred units ($2.00 per unit) | — | (29,466) |
| Net income | — | 271,326 |
| BALANCE AT DECEMBER 31, 2024 | 210,695 | 828,961 |
| Repurchases of common units | (259) | (3,777) |
| Issuance of common units for acquisition of oil and natural gas properties | 509 | 7,417 |
| Restricted units granted, net of forfeitures | 928 | — |
| Equity-based compensation | — | 11,540 |
| Distributions to common unitholders ($1.35 per unit) | — | (285,654) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (975) |
| Distributions on Series B cumulative convertible preferred units ($2.00 per unit) | — | (29,466) |
| Net income | — | 299,932 |
| BALANCE AT DECEMBER 31, 2025 | 211,873 | $827,978 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.