Black Stone Minerals, L.P.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
BSM$13.67-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $13,272 | $15,948 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion, and amortization | 9,785 | 9,130 |
| Accretion of asset retirement obligations | 389 | 332 |
| Amortization of deferred charges | 262 | 274 |
| (Gain) loss on commodity derivative instruments, net | 64,550 | 56,001 |
| Net cash (paid) received on settlement of commodity derivative instruments | (12,244) | (3,611) |
| Equity-based compensation | 3,551 | 3,055 |
| Changes in operating assets and liabilities: | ||
| Accrued revenue and accounts receivable | (9,775) | (6,860) |
| Prepaid expenses and other current assets | 2,821 | (4,248) |
| Accounts payable, accrued liabilities, and other | (9,949) | (5,145) |
| Settlement of asset retirement obligations | (102) | (41) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 62,560 | 64,835 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Acquisitions of oil and natural gas properties | (11,549) | (10,259) |
| Additions to oil and natural gas properties | (175) | (129) |
| Additions to oil and natural gas properties leasehold costs | (236) | (3,036) |
| Purchases of other property and equipment | (150) | (43) |
| Proceeds from the sale of oil and natural gas properties | 121 | 400 |
| NET CASH USED IN INVESTING ACTIVITIES | (11,989) | (13,067) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Distributions to common unitholders | (63,700) | (79,177) |
| Distributions to Series B cumulative convertible preferred unitholders | (7,366) | (7,366) |
| Repurchases of common units | (2,335) | (3,289) |
| Borrowings under credit facility | 82,000 | 81,000 |
| Repayments under credit facility | (49,000) | (43,000) |
| Debt issuance costs and other | (36) | (31) |
| NET CASH USED IN FINANCING ACTIVITIES | (40,437) | (51,863) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 10,134 | (95) |
| Cash and cash equivalents – beginning of the period | 1,478 | 2,519 |
| Cash and cash equivalents – end of the period | $11,612 | $2,424 |
| SUPPLEMENTAL DISCLOSURE | ||
| Interest paid | $3,052 | $1,041 |
| Common units issued for property acquisitions | $— | $3,905 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.