Company: BSM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001621434-25-000133
Chunk: 76

Company: Black Stone Minerals, L.P.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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: Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024 (in thousands, except per unit amounts)NET INCOME$91,729 $92,731 $227,705 $224,980 Distributions on Series B cumulative convertible preferred units(7,366)(7,366)(22,099)(22,099)NET INCOME ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS$84,363 $85,365 $205,606 $202,881 ALLOCATION OF NET INCOME:  General partner interest$— $— $— $— Common units84,363 85,365 205,606 202,881  $84,363 $85,365 $205,606 $202,881 NUMERATOR:Numerator for basic EPU - Net income attributable to common unitholders$84,363 $85,365 $205,606 $202,881 Effect of dilutive securities— — — — Numerator for diluted EPU - Net income (loss) attributable to common unitholders after the effect of dilutive securities$84,363 $85,365 $205,606 $202,881 DENOMINATOR:Denominator for basic EPU - weighted average common units outstanding (basic)211,852 210,687 211,600 210,680 Effect of dilutive securities— — — — Denominator for diluted EPU - weighted average number of common units outstanding after the effect of dilutive securities211,852 210,687 211,600 210,680 NET INCOME ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT:  Per common unit (basic)$0.40 $0.41 $0.97 $0.96 Per common unit (diluted)$0.40 $0.41 $0.97 $0.96 The following units of potentially dilutive securities were excluded from the computation of diluted weighted average units outstanding because their inclusion would be anti-dilutive: Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Potentially dilutive securities (common units):Series B cumulative convertible preferred units on an as-converted