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 investments | 4,307 | 8,876 | 1,796 | 8,119 | 5,414 | 5,642 | |||
| Cash and cash equivalents | 4,307 | 8,876 | 1,796 | 8,119 | 5,414 | 5,642 | |||
| Receivables | 135,697 | 97,142 | 61,908 | 78,214 | 113,148 | 80,695 | |||
| Derivative instruments and hedges, assets | 31,472 | 1,149 | 14,790 | 37,970 | 94 | ||||
| Other undisclosed current assets | 1,905 | 1,956 | 1,668 | 1,168 | 1,001 | 1,212 | |||
| Total current assets: | 173,381 | 107,974 | 66,521 | 102,291 | 157,533 | 87,643 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,088,247 | 1,133,336 | 1,172,136 | 1,434,228 | 1,575,881 | 1,481,330 | |||
| Other undisclosed noncurrent assets | 9,454 | 6,611 | 5,321 | 8,689 | 16,710 | 7,478 | |||
| Total noncurrent assets: | 1,097,701 | 1,139,947 | 1,177,457 | 1,442,917 | 1,592,591 | 1,488,808 | |||
| TOTAL ASSETS: | 1,271,082 | 1,247,921 | 1,243,978 | 1,545,208 | 1,750,124 | 1,576,451 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 26,502 | 23,533 | 18,975 | 28,011 | 64,238 | 55,095 | |||
| Accounts payable | 6,773 | 5,944 | 3,407 | 5,309 | 4,149 | 2,464 | |||
| Accrued liabilities | 19,729 | 17,589 | 15,568 | 22,702 | 60,089 | 52,631 | |||
| Derivative instruments and hedges, liabilities | 3,243 | 51,544 | 19,318 | 159 | 4,222 | ||||
| Other liabilities | 989 | 2,063 | 1,654 | 1,633 | 528 | 417 | |||
| Total current liabilities: | 30,734 | 77,140 | 39,947 | 29,803 | 64,766 | 59,734 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 13,606 | 91,752 | 125,073 | 400,820 | 465,973 | 407,171 | |||
| Long-term debt, excluding current maturities | 13,606 | 91,752 | 125,073 | 400,820 | 465,973 | 407,171 | |||
| Liabilities, other than long-term debt | 16,930 | 15,400 | 19,991 | 17,781 | 16,761 | 19,003 | |||
| Deferred compensation liability, classified | 1,884 | 838 | 766 | 2,110 | 1,813 | 3,648 | |||
| Asset retirement obligations | 15,030 | 12,561 | 17,377 | 15,653 | 14,948 | 14,092 | |||
| Derivative instruments and hedges, liabilities | 16 | 2,001 | 1,848 | 18 | 1,263 | ||||
| Total noncurrent liabilities: | 30,536 | 107,152 | 145,064 | 418,601 | 482,734 | 426,174 | |||
| Total liabilities: | 61,270 | 184,292 | 185,011 | 448,404 | 547,500 | 485,908 | |||
| Temporary equity, carrying amount | 298,361 | 298,361 | 298,361 | 322,422 | |||||
| Equity | |||||||||
| Other undisclosed equity | 1,209,812 | 1,063,629 | 760,606 | 798,443 | 904,263 | 768,121 | |||
| Total equity: | 1,209,812 | 1,063,629 | 760,606 | 798,443 | 904,263 | 768,121 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,271,082 | 1,247,921 | 1,243,978 | 1,545,208 | 1,750,124 | 1,576,451 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 663,604 | 359,260 | 342,751 | 487,821 | 609,568 | 429,659 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 360,695 | |
| Cost of revenue (Cost of Goods and Services Sold) | (17,280) | |||||||
| Gross profit: | 663,604 | 359,260 | 342,751 | 487,821 | 609,568 | 412,379 | ||
| Operating expenses | (181,106) | (171,935) | (210,642) | (252,649) | (291,187) | (257,575) | ||
| Other undisclosed operating income | 17,280 | |||||||
| Operating income: | 482,498 | 187,325 | 132,109 | 235,172 | 318,381 | 172,084 | ||
| Nonoperating expense | (6,018) | (5,338) | (10,290) | (20,804) | (22,821) | (14,931) | ||
| Investment income, nonoperating | 53 | 1 | 35 | 159 | 183 | 49 | ||
| Interest and debt expense | (6,286) | (5,638) | (10,408) | (21,435) | (20,756) | (15,694) | ||
| Income from continuing operations: | 470,194 | 176,349 | 111,411 | 192,933 | 274,804 | 141,459 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 176,349 | 111,411 | 192,933 | 274,804 | 141,459 | |
| Other undisclosed net income | 6,286 | 5,638 | 10,408 | 21,435 | 20,756 | 15,694 | ||
| Net income attributable to parent: | 476,480 | 181,987 | 121,819 | 214,368 | 295,560 | 157,153 | ||
| 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: | 455,480 | 160,987 | 100,819 | 193,368 | 274,511 | 152,145 | ||
| Dilutive securities, effect on basic earnings per share | ||||||||
| Net income available to common stockholders, diluted: | 455,480 | 160,987 | 100,819 | 193,368 | 274,511 | 152,145 | ||
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: | 476,480 | 181,987 | 121,819 | 214,368 | 295,560 | 157,153 | ||
| Comprehensive income, net of tax, attributable to parent: | 476,480 | 181,987 | 121,819 | 214,368 | 295,560 | 157,153 | ||
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.