Black Stone Minerals, L.P.
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 2026
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 Equity
| Common units | Partners' equity | |
|---|---|---|
| BALANCE AT DECEMBER 31, 2025 | 211,873 | $827,978 |
| Repurchases of common units | (162) | (2,335) |
| Restricted units granted, net of forfeitures | 782 | — |
| Equity-based compensation | — | 5,688 |
| Distributions to common unitholders ($0.30 per unit) | — | (63,700) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (333) |
| Distributions on Series B cumulative convertible preferred units ($0.50 per unit) | — | (7,366) |
| Net income | — | 13,272 |
| BALANCE AT MARCH 31, 2026 | 212,493 | $773,204 |
| Issuance of common units for acquisition of oil and natural gas properties | 203 | 2,800 |
| Restricted units granted, net of forfeitures | 7 | — |
| Equity-based compensation | — | 1,988 |
| Distributions to common unitholders ($0.30 per unit) | — | (63,750) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (246) |
| Distributions on Series B cumulative convertible preferred units ($0.50 per unit) | — | (7,366) |
| Net income | — | 106,358 |
| BALANCE AT JUNE 30, 2026 | 212,703 | $812,988 |
| Restricted units granted, net of forfeitures | 8 | — |
| Equity-based compensation | — | 2,603 |
| Distributions to common unitholders ($0.32 per unit) | — | (68,067) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (290) |
| Distributions on Series B cumulative convertible preferred units ($0.50 per unit) | — | (7,367) |
| Net income | — | 52,368 |
| BALANCE AT SEPTEMBER 30, 2026 | 212,711 | $792,235 |
CONSOLIDATED STATEMENTS OF EQUITY
| Common units | Partners' equity | |
|---|---|---|
| BALANCE AT DECEMBER 31, 2024 | 210,695 | $828,961 |
| Repurchases of common units | (221) | (3,289) |
| Issuance of common units for acquisition of oil and natural gas properties | 256 | 3,905 |
| Restricted units granted, net of forfeitures | 900 | — |
| Equity-based compensation | — | 5,919 |
| Distributions to common unitholders ($0.375 per unit) | — | (79,177) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (414) |
| Distributions on Series B cumulative convertible preferred units ($0.50 per unit) | — | (7,366) |
| Net income | — | 15,948 |
| BALANCE AT MARCH 31, 2025 | 211,630 | $764,487 |
| Repurchases of common units | (36) | (466) |
| Issuance of common units for acquisition of oil and natural gas properties | 253 | 3,512 |
| Restricted units granted, net of forfeitures | (5) | — |
| Equity-based compensation | — | 1,691 |
| Distributions to common unitholders ($0.375 per unit) | — | (79,363) |
| Charges to partners' equity for accrued distribution equivalent rights | — | (384) |
| Distributions on Series B cumulative convertible preferred units ($0.50 per unit) | — | (7,367) |
| Net income | — | 120,028 |
| BALANCE AT JUNE 30, 2025 | 211,842 | $802,138 |
| Restricted units granted, net of forfeitures | 12 | — |
| Equity-based compensation | — | 1,758 |
| Distributions to common unitholders ($0.30 per unit) | — | (63,556) |
| Charges to partners' equity for accrued distribution equivalent rights | — | 32 |
| Distributions on Series B cumulative convertible preferred units ($0.50 per unit) | — | (7,366) |
| Net income | — | 91,729 |
| BALANCE AT SEPTEMBER 30, 2025 | 211,854 | $824,735 |
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