Black Stone Minerals LP
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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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.
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Consolidated Statements of Cash Flows F-
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $271,326 | $422,549 | $476,480 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation, depletion, and amortization | 45,196 | 45,683 | 47,804 |
| Accretion of asset retirement obligations | 1,298 | 1,042 | 861 |
| Amortization of deferred charges | 1,079 | 1,039 | 1,954 |
| (Gain) loss on commodity derivative instruments | 5,730 | (91,117) | 120,680 |
| Net cash (paid) received on settlement of commodity derivative instruments | 45,214 | 82,723 | (203,166) |
| Equity-based compensation | 8,564 | 10,829 | 17,388 |
| (Gain) loss on sale of assets, net | — | (73) | (17) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 11,244 | 53,053 | (39,513) |
| Prepaid expenses and other current assets | (789) | (414) | 51 |
| Accounts payable, accrued liabilities, and other | 1,042 | (3,827) | 3,012 |
| Settlement of asset retirement obligations | (861) | (236) | (551) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 389,043 | 521,251 | 424,983 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Acquisitions of oil and natural gas properties | (109,393) | (14,605) | (149) |
| Additions to oil and natural gas properties | (790) | (4,213) | (11,894) |
| Additions to oil and natural gas properties leasehold costs | (3,423) | (545) | (32) |
| Purchases of other property and equipment | (1,425) | (450) | (488) |
| Proceeds from the sale of oil and natural gas properties | 2,795 | 73 | 17 |
| Proceeds from farmouts of oil and natural gas properties | — | — | 11,331 |
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (112,236) | (19,740) | (1,215) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Distributions to common unitholders | (336,931) | (398,824) | (322,403) |
| Distributions to Series B cumulative convertible preferred unitholders | (28,126) | (21,000) | (21,000) |
| Repurchases of common units | (4,449) | (5,496) | (2,991) |
| Borrowings under credit facility | 97,000 | 64,000 | 339,000 |
| Repayments under credit facility | (72,000) | (74,000) | (418,000) |
| Debt issuance costs and other | (64) | (216) | (2,943) |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (344,570) | (435,536) | (428,337) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (67,763) | 65,975 | (4,569) |
| Cash and cash equivalents — beginning of the year | 70,282 | 4,307 | 8,876 |
| Cash and cash equivalents — end of the year | $2,519 | $70,282 | $4,307 |
| SUPPLEMENTAL DISCLOSURE | |||
| Interest paid | $1,961 | $1,736 | $4,332 |
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