Black Stone Minerals, L.P. (BSM) Financial Statements (2023 and earlier)

Company Profile

Business Address 1001 FANNIN STREET, SUITE 2020
HOUSTON, TX 77022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3078,8761,7968,1195,4145,642
Cash and cash equivalents4,3078,8761,7968,1195,4145,642
Receivables135,69797,14261,90878,214113,14880,695
Derivative instruments and hedges, assets31,472 1,14914,79037,97094
Other undisclosed current assets1,9051,9561,6681,1681,0011,212
Total current assets:173,381107,97466,521102,291157,53387,643
Noncurrent Assets
Property, plant and equipment1,088,2471,133,3361,172,1361,434,2281,575,8811,481,330
Other undisclosed noncurrent assets9,4546,6115,3218,68916,7107,478
Total noncurrent assets:1,097,7011,139,9471,177,4571,442,9171,592,5911,488,808
TOTAL ASSETS:1,271,0821,247,9211,243,9781,545,2081,750,1241,576,451
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,50223,53318,97528,01164,23855,095
Accounts payable6,7735,9443,4075,3094,1492,464
Accrued liabilities19,72917,58915,56822,70260,08952,631
Derivative instruments and hedges, liabilities3,24351,54419,318159 4,222
Other liabilities9892,0631,6541,633528417
Total current liabilities:30,73477,14039,94729,80364,76659,734
Noncurrent Liabilities
Long-term debt and lease obligation13,60691,752125,073400,820465,973407,171
Long-term debt, excluding current maturities13,60691,752125,073400,820465,973407,171
Liabilities, other than long-term debt16,93015,40019,99117,78116,76119,003
Deferred compensation liability, classified1,8848387662,1101,8133,648
Asset retirement obligations15,03012,56117,37715,65314,94814,092
Derivative instruments and hedges, liabilities162,0011,84818 1,263
Total noncurrent liabilities:30,536107,152145,064418,601482,734426,174
Total liabilities:61,270184,292185,011448,404547,500485,908
Temporary equity, carrying amount   298,361298,361298,361322,422
Equity
Other undisclosed equity1,209,8121,063,629760,606798,443904,263768,121
Total equity:1,209,8121,063,629760,606798,443904,263768,121
TOTAL LIABILITIES AND EQUITY:1,271,0821,247,9211,243,9781,545,2081,750,1241,576,451

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues663,604359,260342,751487,821609,568429,659
Revenue, net360,695
Cost of revenue
(Cost of Goods and Services Sold)
      (17,280)
Gross profit:663,604359,260342,751487,821609,568412,379
Operating expenses(181,106)(171,935)(210,642)(252,649)(291,187)(257,575)
Other undisclosed operating income      17,280
Operating income:482,498187,325132,109235,172318,381172,084
Nonoperating expense(6,018)(5,338)(10,290)(20,804)(22,821)(14,931)
Investment income, nonoperating5313515918349
Interest and debt expense(6,286)(5,638)(10,408)(21,435)(20,756)(15,694)
Income from continuing operations:470,194176,349111,411192,933274,804141,459
Income before gain (loss) on sale of properties:176,349111,411192,933274,804141,459
Other undisclosed net income6,2865,63810,40821,43520,75615,694
Net income attributable to parent:476,480181,987121,819214,368295,560157,153
Preferred stock dividends and other adjustments     (25)(3,117)
Other undisclosed net loss available to common stockholders, basic(21,000)(21,000)(21,000)(21,000)(21,024)(1,891)
Net income available to common stockholders, basic:455,480160,987100,819193,368274,511152,145
Dilutive securities, effect on basic earnings per share      
Net income available to common stockholders, diluted:455,480160,987100,819193,368274,511152,145

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:476,480181,987121,819214,368295,560157,153
Comprehensive income, net of tax, attributable to parent:476,480181,987121,819214,368295,560157,153

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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