Company: BSM
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022559
Chunk: 17

Company: Black Stone Minerals, L.P.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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,367)NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS$8,582 $56,560 ALLOCATION OF NET INCOME (LOSS):   General partner interest$— $— Common units8,582 56,560  $8,582 $56,560 NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT:  Per common unit (basic)$0.04 $0.27 Per common unit (diluted)$0.04 $0.27 WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:Weighted average common units outstanding (basic)211,253 210,654 Weighted average common units outstanding (diluted)211,253 210,654 

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

2

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

 Common unitsPartners' equityBALANCE AT DECEMBER 31, 2024210,695 $828,961 Repurchases of common units(221)(3,289)Issuance of common units for property acquisitions256 3,905 Restricted units granted, net of forfeitures900 — 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 (loss)— 15,948 BALANCE AT MARCH 31, 2025211,630 $764,487  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 (loss)— 63,927 BALANCE AT MARCH 31, 2024210,656 $875,324 

The accompanying notes are