Black Stone Minerals LP
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Feb 25, 2025
BSM$13.98-2.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets F-
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $2,519 | $70,282 |
| Accounts receivable | 71,093 | 82,253 |
| Commodity derivative assets | 1,824 | 38,273 |
| Prepaid expenses and other current assets | 3,108 | 2,319 |
| TOTAL CURRENT ASSETS | 78,544 | 193,127 |
| PROPERTY AND EQUIPMENT | ||
| Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $973,028 and $890,338 at December 31, 2024 and 2023, respectively | 3,105,457 | 3,026,394 |
| Accumulated depreciation, depletion, amortization, and impairment | (1,973,460) | (1,961,899) |
| Oil and natural gas properties, net | 1,131,997 | 1,064,495 |
| Other property and equipment, net of accumulated depreciation of $14,551 and $14,163 at December 31, 2024 and 2023, respectively | 2,044 | 1,007 |
| NET PROPERTY AND EQUIPMENT | 1,134,041 | 1,065,502 |
| DEFERRED CHARGES AND OTHER LONG-TERM ASSETS | 6,321 | 8,255 |
| TOTAL ASSETS | $1,218,906 | $1,266,884 |
| LIABILITIES, MEZZANINE EQUITY, AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $5,946 | $6,270 |
| Accrued liabilities | 17,242 | 17,003 |
| Commodity derivative liabilities | 3,852 | 1,229 |
| Other current liabilities | 3,383 | 1,334 |
| TOTAL CURRENT LIABILITIES | 30,423 | 25,836 |
| LONG-TERM LIABILITIES | ||
| Credit facility | 25,000 | — |
| Accrued incentive compensation | 1,234 | 1,699 |
| Commodity derivative liabilities | 11,581 | 81 |
| Asset retirement obligations | 19,286 | 19,030 |
| Other long-term liabilities | 1,943 | 2,893 |
| TOTAL LIABILITIES | 89,467 | 49,539 |
| COMMITMENTS AND CONTINGENCIES (Note 11) | ||
| MEZZANINE EQUITY | ||
| Partners' equity — Series B cumulative convertible preferred units, 14,711 and 14,711 units outstanding at December 31, 2024 and 2023, respectively | 300,478 | 299,137 |
| EQUITY | ||
| Partners' equity — general partner interest | — | — |
| Partners' equity — common units, 210,695 and 209,991 units outstanding at December 31, 2024 and 2023, respectively | 828,961 | 918,208 |
| TOTAL EQUITY | 828,961 | 918,208 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY | $1,218,906 | $1,266,884 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.