Company: BSM
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001621434-25-000108
Chunk: 19

Company: Black Stone Minerals, L.P.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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ATING ACTIVITIES  Net income (loss)$135,976 $132,249 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation, depletion, and amortization18,317 22,995 Accretion of asset retirement obligations669 638 Amortization of deferred charges550 536 (Gain) loss on commodity derivative instruments3,217 16,837 Net cash (paid) received on settlement of commodity derivative instruments(465)25,616 Equity-based compensation5,015 4,588 Changes in operating assets and liabilities:Accrued revenue and accounts receivable(8,948)8,481 Prepaid expenses and other current assets(5,623)(737)Accounts payable, accrued liabilities, and other(3,297)(5,990)Settlement of asset retirement obligations(100)(368)NET CASH PROVIDED BY OPERATING ACTIVITIES145,311 204,845 CASH FLOWS FROM INVESTING ACTIVITIES  Acquisitions of oil and natural gas properties(37,990)(49,478)Additions to oil and natural gas properties(326)(388)Additions to oil and natural gas properties leasehold costs(4,620)(1,839)Purchases of other property and equipment(151)(55)Proceeds from the sale of oil and natural gas properties400 79 NET CASH USED IN INVESTING ACTIVITIES(42,687)(51,681)CASH FLOWS FROM FINANCING ACTIVITIES  Distributions to common unitholders(158,540)(178,913)Distributions to Series B cumulative convertible preferred unitholders(14,733)(13,393)Repurchases of common units(3,289)(4,449)Borrowings under credit facility179,000 9,000 Repayments under credit facility(105,000)(9,000)Debt issuance costs and other(62)(22)NET CASH USED IN FINANCING ACTIVITIES(102,624)(196,777)NET CHANGE IN CASH AND CASH EQUIVALENTS— (43,613)CASH AND CASH EQUIVALENTS – beginning of the period2,519 70,282 CASH AND CASH EQUIVALENTS – end of the period$2,519 $26,