Black Stone Minerals, L.P. BSM Income Statement

Black stone minerals, l.p. (BSM)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14
REVENUE
Revenue from contracts with customers
93,043	120,277	113,079	134,431	124,989	163,022	158,232	142,656	130,827	103,927	98,452	98,521	101,857	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on commodity derivative instruments
90,011	-17,249	24,290	29,187	-41,183	83,025	-18,514	-33,347	-16,333	-8,485	-9,341	22,003	22,725	-24,170	7,813	-30,733	10,626	32,838	56,430	-18,627	19,647	36,997	8,682	-2,348	-5,995
TOTAL REVENUE
183,054	103,028	137,369	163,618	83,806	246,047	139,718	109,309	114,494	95,442	89,111	120,524	124,582	56,712	99,171	40,569	64,381	100,040	137,020	64,803	91,061	169,177	132,795	118,937	127,412
OPERATING (INCOME) EXPENSE
Lease operating expense
3,827	4,168	4,356	3,849	5,292	5,648	4,229	4,290	4,248	4,374	4,569	4,148	4,189	4,576	5,007	4,283	4,889	5,043	4,924	5,483	6,133	5,522	6,037	4,805	4,869
Production costs and ad valorem taxes
12,376	15,614	15,877	14,450	14,592	17,425	17,641	14,373	14,925	12,160	11,549	11,863	11,902	12,162	9,228	7,012	7,062	9,517	8,175	9,819	8,256	15,986	12,181	10,822	10,586
Exploration expense
1	25	64	304	4	1,161	34	6,745	3	2	8	46	562	2	6	629	8	578	1,817	158	39	-	440	-	-
Depreciation, depletion, and amortization
23,182	24,651	27,375	29,725	27,833	34,518	29,273	30,292	28,570	30,051	29,204	28,900	26,379	22,833	28,731	29,202	21,721	20,884	23,288	32,235	27,891	27,904	37,065	23,859	23,134
Impairment of oil and natural gas properties
51,000	-	-	-	0	-	-	-	-	-	-	-	-	0	0	679	6,096	92,886	24,854	118,362	13,467	-	-	-	-
General and administrative
11,856	13,603	14,189	14,347	21,214	16,296	22,083	19,812	18,521	25,576	17,305	17,481	17,212	20,927	16,677	18,134	17,401	23,645	18,994	19,718	14,818	17,158	15,644	14,512	15,451
Accretion of asset retirement obligations
272	288	275	277	277	283	278	273	269	266	260	253	247	212	206	200	274	270	265	269	271	617	148	148	147
(Gain) loss on sale of assets, net
-	-	0	0	-	1	0	0	2	0	0	7	924	21	0	92	4,680	4,853	-4	17	7	-	-	-	-
TOTAL OPERATING EXPENSE
102,545	58,349	62,136	62,952	69,212	75,330	73,538	75,785	66,534	72,429	62,895	62,684	59,567	60,691	59,855	60,047	52,771	149,563	82,321	186,027	70,868	186,764	71,515	54,146	54,187
INCOME (LOSS) FROM OPERATIONS
80,509	44,679	75,233	100,666	14,594	170,717	66,180	33,524	47,960	23,013	26,216	57,840	65,015	-3,979	39,316	-19,478	11,610	-49,523	54,699	-121,224	20,193	-17,587	61,280	64,791	73,225
OTHER INCOME (EXPENSE)
Interest and investment income
31	22	44	47	46	60	53	37	33	19	-9	33	6	5	460	38	153	12	18	27	1	1	3	2	22
Interest expense
4,427	4,863	5,395	5,652	5,525	5,437	5,518	5,280	4,521	4,034	4,172	3,981	3,507	2,774	2,282	1,443	1,048	888	870	1,715	2,945	3,217	3,440	3,419	3,433
Other income (expense)
-1	179	365	26	-98	-1,202	60	409	-1,515	364	-1	282	69	-538	41	73	34	669	45	146	50	90	62	737	70
TOTAL OTHER EXPENSE
-4,397	-4,662	-4,986	-5,579	-5,577	-6,579	-5,405	-4,834	-6,003	-3,651	-4,182	-3,666	-3,432	-3,307	-1,781	-1,332	-861	-207	-807	-1,542	-2,894	-3,126	-3,375	-2,680	-3,341
NET INCOME (LOSS)
76,112	40,017	70,247	95,087	9,017	164,138	60,775	28,690	41,957	19,362	22,034	54,174	61,583	-7,286	37,535	-20,810	10,749	-49,730	53,892	-122,766	17,299	-20,713	57,905	62,111	69,884
Net (income) loss attributable to noncontrolling interests
-	-	0	0	-	23	22	-48	27	-7	-20	-16	9	3	-8	-9	2	-	3	-140	-	-	-	-	-3
Distributions on Series A redeemable preferred units
-	-	0	0	-	0	0	0	25	665	666	672	1,114	1,325	1,324	1,310	1,804	-	2,973	1,810	-	-	-	-	-
Distributions on Series B cumulative convertible preferred units
5,250	5,250	5,250	5,250	5,250	5,250	5,250	5,250	5,250	1,925	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions on Series B cumulative convertible preferred units
5,250	-	-	-	5,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DISTRIBUTIONS ON PREFERRED UNITS SUBSEQUENT TO INITIAL PUBLIC OFFERING
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,882
NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON AND SUBORDINATED UNITS
70,862	34,767	64,997	89,837	3,767	158,865	55,503	23,488	36,655	16,779	21,388	53,518	60,460	-8,614	36,219	-22,111	8,943	-	50,916	-107,587	-	-	-	-	66,005
ALLOCATION OF NET INCOME (LOSS):
General partner interest
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-
Allocation of net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,005
NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON AND SUBORDINATED UNITS
70,862	34,767	64,997	89,837	3,767	158,865	55,503	23,488	36,655	16,779	21,388	53,518	60,460	-8,614	36,219	-22,111	8,943	-	50,916	-107,587	-	-	-	-	66,005
NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON AND SUBORDINATED UNIT:
Oil and condensate sales
Revenue from contracts with customers
52,093	63,647	68,255	74,072	57,704	77,358	82,712	77,225	72,983	50,631	41,361	37,262	40,474	37,801	42,780	34,553	27,248	36,954	44,128	46,293	36,163	61,725	71,089	64,934	59,642
Natural gas and natural gas liquids sales
Revenue from contracts with customers
36,642	42,643	41,340	53,642	61,640	78,064	63,080	53,854	53,245	48,316	45,047	49,903	47,701	37,131	38,986	21,607	25,112	23,219	32,191	28,968	31,640	50,902	45,914	52,434	58,206
Lease bonus and other income
Revenue from contracts with customers
4,308	13,987	3,484	6,717	5,645	7,600	12,440	11,577	4,599	4,980	12,044	11,356	13,682	5,950	9,592	15,142	1,395	7,029	4,271	8,169	3,611	19,553	7,110	3,917	15,559
Common Units
Allocation of net income (loss)
70,862	34,755	64,997	67,718	1,905	83,605	29,188	17,540	24,329	14,401	16,371	32,100	35,517	-	-	-	-	-	-	-	-	-	-	-	-
Per unit (basic) (in dollars per share)
0.34	0.22	0.32	0.45	0.02	0.79	0.27	0.17	0.23	0.15	0.16	0.33	0.37	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average units outstanding (basic) (in shares)
206,631	207,442	205,957	150,101	109,420	108,526	106,706	105,250	103,774	93,086	101,623	97,990	96,901	-	-	-	-	-	-	-	-	-	-	-	-
Per unit (diluted) (in dollars per share)
0.34	0.23	0.32	0.44	0.02	0.78	0.27	0.17	0.23	0.15	0.16	0.33	0.37	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average units outstanding (diluted) (in shares)
206,631	192,442	205,957	165,070	110,035	169,262	106,706	105,250	103,838	92,397	101,623	97,990	97,590	-	-	-	-	-	-	-	-	-	-	-	-
Per unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.31	0.28	0.28	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated units
Allocation of net income (loss)
0	12	0	22,119	1,862	75,260	26,315	5,948	12,326	2,378	5,017	21,418	24,943	-	-	-	-	-	-	-	-	-	-	-	-
Per unit (basic) (in dollars per share)
0.00	0.23	0.00	0.39	0.02	0.79	0.27	0.06	0.13	0.03	0.05	0.22	0.26	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average units outstanding (basic) (in shares)
0	-1,473	0	56,104	96,329	96,343	96,329	96,329	95,395	94,671	95,388	95,388	95,149	-	-	-	-	-	-	-	-	-	-	-	-
Per unit (diluted) (in dollars per share)
0.00	0.23	0.00	0.39	0.02	0.79	0.27	0.06	0.13	0.03	0.05	0.22	0.26	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average units outstanding (diluted) (in shares)
0	-1,473	0	56,104	96,329	97,331	96,329	96,329	95,395	94,671	95,388	95,388	95,149	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated Units
Per unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.20	0.18	0.18	-	-	-	-	-	-	-	-	-	-	-	-