Company: BSM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001621434-25-000133
Chunk: 18

Company: Black Stone Minerals, L.P.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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itures900 — Equity–based compensation— 5,919 Distributions— (79,177)Charges to partners' equity for accrued distribution equivalent rights— (414)Distributions on Series B cumulative convertible preferred units— (7,366)Net income— 15,948 BALANCE AT MARCH 31, 2025211,630 $764,487 Repurchases of common units(36)(466)Issuance of common units for property acquisitions253 3,512 Restricted units granted, net of forfeitures(5)— Equity–based compensation— 1,691 Distributions— (79,363)Charges to partners' equity for accrued distribution equivalent rights— (384)Distributions on Series B cumulative convertible preferred units— (7,367)Net income— 120,028 BALANCE AT JUNE 30, 2025211,842 $802,138 Restricted units granted, net of forfeitures12 — Equity–based compensation— 1,758 Distributions— (63,556)Charges to partners' equity for accrued distribution equivalent rights— 32 Distributions on Series B cumulative convertible preferred units— (7,366)Net income — 91,729 BALANCE AT SEPTEMBER 30, 2025211,854 $824,735 

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

3

BLACK STONE MINERALS, L.P. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF EQUITY (Unaudited)(In thousands)

Common unitsPartners' equityBALANCE AT DECEMBER 31, 2023209,991 $918,208 Repurchases of common units(287)(4,381)Restricted units granted, net of forfeitures952 — Equity–based compensation— 5,431 Distributions— (99,899)Charges to partners' equity for accrued distribution equivalent rights— (595)Distributions on Series B cumulative convertible preferred units— (7,367)Net income— 63,927 BALANCE AT MARCH 31, 2024210,656 $875,324 Repurchases of common units(4)(68)Issuance of common units for property acquisitions64 1,039 Restricted units granted, net of forfeitures(34