Company: BSM
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007730
Chunk: 124

Company: Black Stone Minerals, L.P.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 124
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,754)(6,286)Other income (expense)(337)(160)215 TOTAL OTHER EXPENSE(1,780)(1,047)(6,018)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 NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT:   Per common unit (basic)$1.15 $1.91 $2.18 Per common unit (diluted)$1.15 $1.88 $2.12 WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:Weighted average common units outstanding (basic)210,684 209,970 209,382 Weighted average common units outstanding (diluted)210,780 225,105 224,446 

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

F-6

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

 Common unitsPartners' equityBALANCE AT DECEMBER 31, 2021208,666 $765,268 Repurchases of common units(262)(2,991)Issuance of common units for property acquisitions— — Restricted units granted, net of forfeitures1,003 — Equity-based compensation— 18,146 Distributions— (322,403)Charges to partners' equity for accrued distribution equivalent rights— (2,049)Distributions on Series B cumulative convertible preferred units— (21,000)Net income (loss)— 476,480 BALANCE AT DECEMBER 31, 2022209,407 911,451 Repurchases of common units(358)(5,496)Restricted units granted, net of forfeitures942 — Equity-based compensation— 12,525