Black Stone Minerals LP
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
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 Operations F-
(in thousands, except per unit amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| REVENUE | |||
| Oil and condensate sales | $288,296 | $336,287 | $235,771 |
| Natural gas and natural gas liquids sales | 200,297 | 434,945 | 255,671 |
| Lease bonus and other income | 12,506 | 13,052 | 14,292 |
| Revenue from contracts with customers | 501,099 | 784,284 | 505,734 |
| Gain (loss) on commodity derivative instruments | 91,117 | (120,680) | (146,474) |
| TOTAL REVENUE | 592,216 | 663,604 | 359,260 |
| OPERATING (INCOME) EXPENSE | |||
| Lease operating expense | 11,386 | 12,380 | 13,056 |
| Production costs and ad valorem taxes | 56,979 | 66,233 | 49,809 |
| Exploration expense | 2,148 | 193 | 1,082 |
| Depreciation, depletion, and amortization | 45,683 | 47,804 | 61,019 |
| General and administrative | 51,455 | 53,652 | 48,746 |
| Accretion of asset retirement obligations | 1,042 | 861 | 1,073 |
| (Gain) loss on sale of assets, net | (73) | (17) | (2,850) |
| TOTAL OPERATING EXPENSE | 168,620 | 181,106 | 171,935 |
| INCOME (LOSS) FROM OPERATIONS | 423,596 | 482,498 | 187,325 |
| OTHER INCOME (EXPENSE) | |||
| Interest and investment income | 1,867 | 53 | 1 |
| Interest expense | (2,754) | (6,286) | (5,638) |
| Other income (expense) | (160) | 215 | 299 |
| TOTAL OTHER EXPENSE | (1,047) | (6,018) | (5,338) |
| NET INCOME (LOSS) | 422,549 | 476,480 | 181,987 |
| Distributions on Series B cumulative convertible preferred units | (21,776) | (21,000) | (21,000) |
| NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS | $400,773 | $455,480 | $160,987 |
| ALLOCATION OF NET INCOME (LOSS): | |||
| General partner interest | $— | $— | $— |
| Common units | 400,773 | 455,480 | 160,987 |
| $400,773 | $455,480 | $160,987 | |
| NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT: | |||
| Per common unit (basic) | $1.91 | $2.18 | $0.77 |
| Per common unit (diluted) | $1.88 | $2.12 | $0.77 |
| WEIGHTED AVERAGE COMMON UNITS OUTSTANDING: | |||
| Weighted average common units outstanding (basic) | 209,970 | 209,382 | 208,181 |
| Weighted average common units outstanding (diluted) | 225,105 | 224,446 | 208,290 |
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