Black Stone Minerals Balance Sheet (2014-2025) | BSM

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Balance Sheet	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Assets
Current Assets
Cash & Equivalents	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.01B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.01B	0.01B	0.00B	0.00B	0.02B	0.05B	0.06B	0.07B	0.04B	0.03B	0.02B	0.00B	0.00B	0.00B	0.00B
Short-term Investments				0.04B	0.04B	0.01B	0.03B	0.05B	0.05B	0.01B	0.01B			0.01B	0.00B	0.00B				0.04B	0.00B	0.02B	0.03B	0.01B	0.10B	0.05B	0.01B	0.00B	0.00B					0.00B		0.03B	0.07B	0.05B	0.02B	0.04B	0.03B	0.01B	0.02B	0.00B	0.00B	0.00B	0.01B
Cash & Current Investments	0.02B	0.01B	0.01B	0.05B	0.05B	0.01B	0.04B	0.06B	0.05B	0.02B	0.02B	0.01B	0.01B	0.02B	0.01B	0.01B	0.01B	0.01B	0.00B	0.04B	0.01B	0.03B	0.04B	0.02B	0.10B	0.05B	0.01B	0.00B	0.00B	0.00B	0.00B	0.01B	0.01B	0.01B	0.00B	0.04B	0.09B	0.10B	0.08B	0.11B	0.07B	0.04B	0.04B	0.00B	0.00B	0.00B	0.01B
Receivables - Net				0.07B	0.05B	0.05B	0.05B	0.04B	0.04B	0.05B	0.06B	0.07B	0.07B	0.07B	0.07B	0.08B	0.09B	0.10B	0.10B	0.11B	0.10B	0.10B	0.08B	0.08B	0.06B	0.05B	0.05B	0.06B	0.06B	0.07B	0.09B	0.10B	0.10B	0.14B	0.16B	0.14B	0.09B	0.07B	0.09B	0.08B	0.07B	0.07B	0.07B	0.00B	0.00B	0.01B	0.01B
Receivables - Other																																												0.07B	0.07B	0.07B	0.06B
Receivables				0.07B	0.05B	0.05B	0.05B	0.04B	0.04B	0.05B	0.06B	0.07B	0.07B	0.07B	0.07B	0.08B	0.09B	0.10B	0.10B	0.11B	0.10B	0.10B	0.08B	0.08B	0.06B	0.05B	0.05B	0.06B	0.06B	0.07B	0.09B	0.10B	0.10B	0.14B	0.16B	0.14B	0.09B	0.07B	0.09B	0.08B	0.07B	0.07B	0.07B	0.07B	0.08B	0.08B	0.06B
Prepaid Assets				0.01B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.01B	0.01B
Current Assets				0.13B	0.11B	0.07B	0.09B	0.10B	0.10B	0.08B	0.08B	0.08B	0.09B	0.09B	0.08B	0.09B	0.10B	0.11B	0.12B	0.16B	0.11B	0.13B	0.12B	0.10B	0.16B	0.22B	0.06B	0.07B	0.06B	0.07B	0.09B	0.11B	0.11B	0.16B	0.16B	0.17B	0.18B	0.17B	0.17B	0.19B	0.15B	0.11B	0.11B	0.08B	0.09B	0.09B	0.09B
Non-Current Assets
Property, Plant & Equipment (Net)				1.19B	1.16B	1.05B	1.05B	0.94B	0.94B	1.05B	1.05B	1.04B	1.10B	1.14B	1.16B	1.48B	1.53B	1.55B	1.63B	1.58B	1.59B	1.58B	1.46B	1.43B	1.36B	1.21B	1.19B	1.17B	1.16B	1.16B	1.15B	1.13B	1.12B	1.11B	1.10B	1.09B	1.08B	1.07B	1.06B	1.07B	1.08B	1.10B	1.10B	1.13B	1.14B	1.17B	1.18B
Other Non-Current Assets				0.00B	0.00B	0.00B	0.02B	0.02B	0.01B	0.00B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B	0.01B	0.02B	0.02B	0.01B	0.01B	0.13B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B
Non-Current Assets				1.19B	1.17B	1.05B	1.07B	0.96B	0.95B	1.05B	1.05B	1.05B	1.11B	1.16B	1.16B	1.49B	1.54B	1.56B	1.64B	1.59B	1.60B	1.60B	1.47B	1.44B	1.36B	1.22B	1.20B	1.18B	1.16B	1.17B	1.15B	1.14B	1.13B	1.12B	1.11B	1.10B	1.09B	1.08B	1.07B	1.07B	1.09B	1.10B	1.10B	1.14B	1.15B	1.17B	1.19B
Assets	1.47B	1.47B	1.44B	1.33B	1.27B	1.12B	1.16B	1.06B	1.05B	1.13B	1.14B	1.13B	1.20B	1.25B	1.25B	1.58B	1.64B	1.67B	1.75B	1.75B	1.71B	1.72B	1.60B	1.55B	1.52B	1.44B	1.26B	1.24B	1.23B	1.24B	1.25B	1.25B	1.24B	1.27B	1.27B	1.27B	1.27B	1.25B	1.23B	1.27B	1.23B	1.22B	1.21B	1.22B	1.24B	1.27B	1.27B
Liabilities
Current Liabilities
Accounts Payables				0.01B	0.03B	0.04B	0.03B	0.01B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.01B	0.01B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.01B	0.00B	0.01B	0.00B	0.01B	0.01B	0.01B	0.00B	0.01B	0.00B	0.01B	0.00B
Dividends payables				0.05B	0.05B	0.01B	0.00B	0.00B
Payables				0.06B	0.08B	0.05B	0.03B	0.01B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.01B	0.01B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.01B	0.00B	0.01B	0.00B	0.01B	0.01B	0.01B	0.00B	0.01B	0.00B	0.01B	0.00B
Accumulated Expenses				0.04B	0.01B	0.02B	0.02B	0.06B	0.05B	0.04B	0.04B	0.05B	0.04B	0.04B	0.04B	0.05B	0.04B	0.05B	0.06B	0.06B	0.04B	0.04B	0.02B	0.02B	0.01B	0.01B	0.01B	0.02B	0.01B	0.01B	0.01B	0.02B	0.01B	0.01B	0.02B	0.02B	0.01B	0.01B	0.01B	0.02B	0.01B	0.01B	0.01B	0.02B	0.01B	0.01B	0.01B
Other Accumulated Expenses																0.00B				0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Short term Debt						0.00B				0.00B	0.00B	0.02B	0.00B	0.00B	0.00B	0.00B	0.02B	0.04B	0.04B		0.00B			0.00B		0.00B	0.00B	0.02B	0.04B	0.08B	0.11B	0.05B	0.14B	0.11B	0.05B	0.00B			0.01B	0.00B	0.01B	0.01B		0.00B	0.05B	0.01B	0.00B
Current Deferred Revenue				0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Total Current Liabilities				0.10B	0.10B	0.07B	0.05B	0.06B	0.05B	0.04B	0.04B	0.07B	0.05B	0.04B	0.04B	0.06B	0.06B	0.09B	0.11B	0.06B	0.05B	0.05B	0.02B	0.03B	0.01B	0.02B	0.02B	0.04B	0.06B	0.10B	0.13B	0.08B	0.15B	0.12B	0.07B	0.03B	0.01B	0.02B	0.03B	0.03B	0.03B	0.03B	0.02B	0.03B	0.07B	0.03B	0.02B
Non-Current Liabilities
Non-Current Debt	0.46B	0.45B	0.43B	0.39B	0.39B	0.01B	0.04B	0.07B	0.12B	0.28B	0.30B	0.32B	0.39B	0.39B	0.36B	0.39B	0.44B	0.42B	0.40B	0.41B	0.43B	0.44B	0.41B	0.39B	0.39B	0.32B	0.15B	0.12B	0.11B	0.10B	0.10B	0.09B	0.07B	0.09B	0.06B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.03B	0.06B	0.10B	0.10B
Non-Current Deffered Revenue				0.01B	0.00B	0.01B	0.01B	0.01B	0.00B	0.01B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Preferred Stock Liabilities	0.16B	0.16B	0.16B	0.16B	0.12B	0.12B	0.12B	0.08B	0.05B	0.05B	0.05B	0.05B	0.03B	0.03B	0.03B	0.32B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B	0.30B
Other Non-Current Liabilities				0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B
Total Non-Current Liabilities				0.50B	0.49B	0.08B	0.10B	0.14B	0.18B	0.34B	0.35B	0.39B	0.44B	0.44B	0.41B	0.47B	0.54B	0.58B	0.62B	0.53B	0.56B	0.57B	0.44B	0.43B	0.40B	0.35B	0.18B	0.17B	0.17B	0.20B	0.25B	0.17B	0.23B	0.22B	0.14B	0.05B	0.02B	0.02B	0.05B	0.03B	0.04B	0.04B	0.03B	0.07B	0.15B	0.15B	0.13B
Total Liabilities				0.51B	0.50B	0.09B	0.11B	0.15B	0.19B	0.35B	0.36B	0.40B	0.45B	0.45B	0.43B	0.49B	0.55B	0.60B	0.64B	0.55B	0.58B	0.58B	0.46B	0.45B	0.42B	0.36B	0.20B	0.19B	0.19B	0.22B	0.26B	0.18B	0.24B	0.23B	0.15B	0.06B	0.03B	0.04B	0.06B	0.05B	0.06B	0.06B	0.04B	0.09B	0.17B	0.17B	0.15B
Shareholder's Equity
Total Debt	0.46B	0.45B	0.43B	0.39B	0.39B	0.01B	0.04B	0.07B	0.12B	0.29B	0.30B	0.33B	0.39B	0.39B	0.36B	0.39B	0.45B	0.46B	0.44B	0.41B	0.44B	0.44B	0.41B	0.39B	0.39B	0.32B	0.15B	0.14B	0.16B	0.18B	0.21B	0.14B	0.21B	0.19B	0.11B	0.01B	0.00B	0.00B	0.02B	0.00B	0.02B	0.01B	0.00B	0.03B	0.11B	0.11B	0.10B
Common Equity				0.65B	0.65B	0.90B	0.93B	0.83B	0.81B	0.72B	0.72B	0.67B	0.71B	0.77B	0.79B	0.77B	0.79B	0.77B	0.82B	0.90B	0.84B	0.85B	0.84B	0.80B	0.80B	0.78B	0.76B	0.76B	0.74B	0.73B	0.69B	0.77B	0.70B	0.74B	0.82B	0.91B	0.94B	0.91B	0.88B	0.92B	0.88B	0.86B	0.87B	0.83B	0.76B	0.80B	0.82B
Shareholder's Equity				0.65B	0.65B	0.90B	0.93B	0.83B	0.81B	0.72B	0.72B	0.67B	0.71B	0.77B	0.79B	0.77B	0.79B	0.77B	0.82B	0.90B	0.84B	0.85B	0.84B	0.80B	0.80B	0.78B	0.76B	0.76B	0.74B	0.73B	0.69B	0.77B	0.70B	0.74B	0.82B	0.91B	0.94B	0.91B	0.88B	0.92B	0.88B	0.86B	0.87B	0.83B	0.76B	0.80B	0.82B
Liabilities and Shareholders Equity	1.47B	1.47B	1.44B	1.33B	1.27B	1.12B	1.16B	1.06B	1.05B	1.13B	1.14B	1.13B	1.20B	1.25B	1.25B	1.58B	1.64B	1.67B	1.75B	1.75B	1.71B	1.72B	1.60B	1.55B	1.52B	1.44B	1.26B	1.24B	1.23B	1.24B	1.25B	1.25B	1.24B	1.27B	1.27B	1.27B	1.27B	1.25B	1.23B	1.27B	1.23B	1.22B	1.21B	1.22B	1.24B	1.27B	1.27B
Treasury Shares				0.00B				0.00B				0.00B				0.00B				0.00B		136.66B	136.66B	0.00B				0.00B				0.00B				0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B

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Black Stone Minerals Balance Sheet (2014-2025) | BSM

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