Company: BSM
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007730
Chunk: 194

Company: Black Stone Minerals, L.P.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 194
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ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED UNITHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common units are listed on the NYSE under the symbol “BSM.” As of February 21, 2025, there were 211,137,816 common units outstanding held by 361 holders of record. Because many of our common units are held by brokers and other institutions on behalf of unitholders, we are unable to estimate the total number of unitholders represented by these holders of record. As of February 21, 2025, we also had outstanding 14,711,219 Series B cumulative convertible preferred units. There is no established public market in which the Series B cumulative convertible preferred units are traded.

Common Unit Performance Graph

The graph below compares the cumulative five-year total return to unitholders on our common units as compared to the cumulative five-year total returns on the S&P 500 index and the S&P Oil & Gas Exploration & Production index. The graph assumes that the value of the investment in our common units was $100.00 on December 31, 2019. Cumulative return is computed assuming reinvestment of distributions. 

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Comparison of Cumulative Total Return

Assumes Initial Investment of $100As of December 31,201920202021202220232024Black Stone Minerals, L.P.$100.00 $57.04 $94.78 $168.59 $174.15 $171.39 S&P 500 Index100.00 118.40 152.39 124.79 157.59 197.02 S&P Oil & Gas E&P Index100.00 64.15 106.89 155.10 160.24 158.20 

The information in this Annual Report appearing under the heading “Common Unit Performance Graph” is being furnished pursuant to Item 201(e) of Regulation S-K and shall not be deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C, other than as provided in Item 201(e) of Regulation S-K, or to the liabilities of Section 18 of the Exchange Act.

Securities Authorized for Issuance under Equity Compensation Plans

See the information incorporated by reference under “Part III, Item 12. Security Ownership of Certain Beneficial