Black Stone Minerals LP
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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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, 2024 · Filed Nov 5, 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 Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $224,980 | $274,902 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion, and amortization | 34,253 | 33,935 |
| Accretion of asset retirement obligations | 962 | 749 |
| Amortization of deferred charges | 807 | 775 |
| (Gain) loss on commodity derivative instruments | (14,838) | (36,652) |
| Net cash (paid) received on settlement of commodity derivative instruments | 36,480 | 65,658 |
| Equity-based compensation | 6,765 | 8,412 |
| (Gain) loss on sale of assets, net | — | (73) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 14,206 | 48,146 |
| Prepaid expenses and other current assets | 293 | (74) |
| Accounts payable, accrued liabilities, and other | (5,161) | (8,435) |
| Settlement of asset retirement obligations | (660) | (208) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 298,087 | 387,135 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Acquisitions of oil and natural gas properties | (64,180) | (932) |
| Additions to oil and natural gas properties | (688) | (3,720) |
| Additions to oil and natural gas properties leasehold costs | (1,840) | (9) |
| Purchases of other property and equipment | (314) | (358) |
| Proceeds from the sale of oil and natural gas properties | 2,795 | 73 |
| NET CASH USED IN INVESTING ACTIVITIES | (64,227) | (4,946) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Distributions to common unitholders | (257,921) | (299,078) |
| Distributions to Series B cumulative convertible preferred unitholders | (20,759) | (15,750) |
| Repurchases of common units | (4,449) | (5,496) |
| Borrowings under credit facility | 33,000 | 64,000 |
| Repayments under credit facility | (33,000) | (74,000) |
| Debt issuance costs and other | (50) | (142) |
| NET CASH USED IN FINANCING ACTIVITIES | (283,179) | (330,466) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (49,319) | 51,723 |
| CASH AND CASH EQUIVALENTS – beginning of the period | 70,282 | 4,307 |
| CASH AND CASH EQUIVALENTS – end of the period | $20,963 | $56,030 |
| SUPPLEMENTAL DISCLOSURE | ||
| Interest paid | $1,180 | $1,330 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.