Company: BSM
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007730
Chunk: 14

Company: Black Stone Minerals, L.P.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 9B
Chunk 14
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 depreciation, depletion, amortization, and impairment(1,973,460)(1,961,899)Oil and natural gas properties, net1,131,997 1,064,495 Other property and equipment, net of accumulated depreciation of $14,551 and $14,163 at December 31, 2024 and 2023, respectively2,044 1,007 NET PROPERTY AND EQUIPMENT1,134,041 1,065,502 DEFERRED CHARGES AND OTHER LONG-TERM ASSETS6,321 8,255 TOTAL ASSETS$1,218,906 $1,266,884 LIABILITIES, MEZZANINE EQUITY, AND EQUITY  CURRENT LIABILITIES  Accounts payable$5,946 $6,270 Accrued liabilities17,242 17,003 Commodity derivative liabilities3,852 1,229 Other current liabilities3,383 1,334 TOTAL CURRENT LIABILITIES30,423 25,836 LONG-TERM LIABILITIES  Credit facility25,000 — Accrued incentive compensation1,234 1,699 Commodity derivative liabilities11,581 81 Asset retirement obligations19,286 19,030 Other long-term liabilities1,943 2,893 TOTAL LIABILITIES89,467 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, respectively300,478 299,137 EQUITY  Partners' equity — general partner interest— — Partners' equity — common units, 210,695 and 209,991 units outstanding at December 31, 2024 and 2023, respectively828,961 918,208 TOTAL EQUITY828,961 918,208 TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY$1,218,906 $1,266,884 

 The accompanying notes to consolidated financial statements are an integral part of these financial statements.

F-5

BLACK STONE MINERALS, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(in