Company: BSM
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001621434-25-000108
Chunk: 18

Company: Black Stone Minerals, L.P.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 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— 15,948 BALANCE AT MARCH 31, 2025211,630 $764,487 Repurchases of common units(36)(466)Issuance of common units for property acquisitions253 3,512 Restricted units granted, net of forfeitures(5)— Equity–based compensation— 1,691 Distributions— (79,363)Charges to partners' equity for accrued distribution equivalent rights— (384)Distributions on Series B cumulative convertible preferred units— (7,367)Net income— 120,028 BALANCE AT JUNE 30, 2025211,842 $802,138  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— 63,927 BALANCE AT MARCH 31, 2024210,656 $875,324 Repurchases of common units(4)(68)Issuance of common units for property acquisitions64 1,039 Restricted units granted, net of forfeitures(34)— Equity–based compensation— 1,935 Distributions— (79,014)Charges to partners' equity for accrued distribution equivalent rights— (185)Distributions on Series B cumulative convertible preferred units— (7,366)Net income— 68,322 BALANCE AT JUNE 30, 2024210,682 $859,987 

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

3

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

Six Months Ended June 30, 20252024CASH FLOWS FROM OPER