Company: BSM
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001621434-25-000108
Chunk: 15

Company: Black Stone Minerals, L.P.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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Item 1. Condensed Financial Statements 

BLACK STONE MINERALS, L.P. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS 

(Unaudited)

(In thousands) June 30, 2025December 31, 2024ASSETS  CURRENT ASSETS  Cash and cash equivalents$2,519 $2,519 Accrued revenue and accounts receivable80,025 71,093 Commodity derivative assets, net2,111 1,824 Prepaid expenses and other current assets8,731 3,108 TOTAL CURRENT ASSETS93,386 78,544 PROPERTY AND EQUIPMENT  Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $1,015,395 and $973,028 at June 30, 2025 and December 31, 2024, respectively3,153,976 3,105,457 Accumulated depletion and impairment(1,989,690)(1,973,460)Oil and natural gas properties, net1,164,286 1,131,997 Other property and equipment, net of accumulated depreciation of $15,238 and $14,551 at June 30, 2025 and December 31, 2024, respectively1,508 2,044 NET PROPERTY AND EQUIPMENT1,165,794 1,134,041 DEFERRED CHARGES AND OTHER LONG-TERM ASSETS8,709 6,321 TOTAL ASSETS$1,267,889 $1,218,906 LIABILITIES, MEZZANINE EQUITY, AND EQUITY CURRENT LIABILITIES Accounts payable$6,877 $5,946 Accrued liabilities12,504 17,242 Commodity derivative liabilities, net7,072 3,852 Other current liabilities2,528 3,383 TOTAL CURRENT LIABILITIES28,981 30,423 LONG–TERM LIABILITIES Credit facility99,000 25,000 Accrued incentive compensation788 1,234 Commodity derivative liabilities, net11,766 11,581 Asset retirement obligations19,728 19,286 Other long-term liabilities5,010 1,943 TOTAL LIABILITIES165,273 89,467 COMMITMENTS AND CONTINGENCIES