| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 2,864 | 2,519 | ||
| Restricted cash | 3,304 | - | ||
| Accrued revenue and accounts receivable | 64,367 | 80,025 | ||
| Commodity derivative assets, net | 8,507 | 2,111 | ||
| Prepaid expenses and other current assets | 6,131 | 8,731 | ||
| Total current assets | 85,173 | 93,386 | ||
| Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of 1,035,486 and 973,028 at september30, 2025 and december31, 2024, respectively | 3,174,675 | 3,153,976 | ||
| Accumulated depletion and impairment | 1,999,325 | 1,989,690 | ||
| Oil and natural gas properties, net | 1,175,350 | 1,164,286 | ||
| Other property and equipment, net of accumulated depreciation of 15,502 and 14,551 at september30, 2025 and december31, 2024, respectively | 1,255 | 1,508 | ||
| Net property and equipment | 1,176,605 | 1,165,794 | ||
| Deferred charges and other long-term assets | 8,602 | 8,709 | ||
| Total assets | 1,270,380 | 1,267,889 | ||
| Accounts payable | 2,627 | 6,877 | ||
| Accrued liabilities | 13,898 | 12,504 | ||
| Commodity derivative liabilities, net | 122 | 7,072 | ||
| Other current liabilities | 2,853 | 2,528 | ||
| Total current liabilities | 19,500 | 28,981 | ||
| Credit facility | 95,000 | 99,000 | ||
| Accrued incentive compensation | 864 | 788 | ||
| Commodity derivative liabilities, net | 4,971 | 11,766 | ||
| Asset retirement obligations | 19,950 | 19,728 | ||
| Other long-term liabilities | 4,882 | 5,010 | ||
| Total liabilities | 145,167 | 165,273 | ||
| Partners' equityseries b cumulative convertible preferred units, 14,711 units outstanding at september30, 2025 and december31, 2024-Series BCumulative Convertible Preferred Units | 300,478 | 300,478 | ||
| Partners' equitygeneral partner interest | 0 | 0 | ||
| Partners' equitycommon units, 211,854 and 210,695 units outstanding at september30, 2025 and december31, 2024, respectively-Common Units | 824,735 | 802,138 | ||
| Total equity | 824,735 | 802,138 | ||
| Total liabilities, mezzanine equity, and equity | 1,270,380 | 1,267,889 | ||
Black Stone Minerals, L.P. (BSM)
Black Stone Minerals, L.P. (BSM)