Company: BSM
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007730
Chunk: 46

Company: Black Stone Minerals, L.P.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9B
Chunk 46
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 declared during the period. The Partnership assesses the Series B cumulative convertible preferred units on an as-converted basis for the purpose of calculating diluted EPU. The Partnership’s restricted performance unit awards are contingently issuable units that are considered in the calculation of diluted EPU. The Partnership assesses the number of units that would be issuable, if any, under the terms of the arrangement if the end of the reporting period were the end of the contingency period. 

F-27

BLACK STONE MINERALS, L.P. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table sets forth the computation of basic and diluted earnings per unit: For the Year Ended December 31, 202420232022 (in thousands, except per unit amounts)NET INCOME (LOSS)$271,326 $422,549 $476,480 Distributions on Series B cumulative convertible preferred units (29,466)(21,776)(21,000)NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS$241,860 $400,773 $455,480 ALLOCATION OF NET INCOME (LOSS):   General partner interest$— $— $— Common units241,860 400,773 455,480  $241,860 $400,773 $455,480 NUMERATOR:Numerator for basic EPU - Net income (loss) attributable to common unitholders$241,860 $400,773 $455,480 Effect of dilutive securities— 21,776 21,000 Numerator for diluted EPU - net income (loss) attributable to common unitholders after the effect of dilutive securities$241,860 $422,549 $476,480 DENOMINATOR:Denominator for basic EPU - weighted average common units outstanding (basic)210,684 209,970 209,382 Effect of dilutive securities96 15,135 15,064 Denominator for diluted EPU - weighted average number of common units outstanding after the effect of dilutive securities210,780 225,105 224,446 NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT:   Per common unit (basic)$1.15 $1.91 $2.18