2018 Q1 Form 10-Q Financial Statement
#000162828018006223 Filed on May 08, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $114.5M | $124.6M |
YoY Change | -8.1% | 93.51% |
Cost Of Revenue | $19.20M | $16.10M |
YoY Change | 19.25% | 34.17% |
Gross Profit | $95.30M | $108.5M |
YoY Change | -12.17% | 107.06% |
Gross Profit Margin | 83.24% | 87.09% |
Selling, General & Admin | $18.50M | $17.20M |
YoY Change | 7.56% | -1.15% |
% of Gross Profit | 19.41% | 15.85% |
Research & Development | $0.00 | $600.0K |
YoY Change | -100.0% | |
% of Gross Profit | 0.0% | 0.55% |
Depreciation & Amortization | $28.57M | $26.38M |
YoY Change | 8.31% | 21.44% |
% of Gross Profit | 29.98% | 24.31% |
Operating Expenses | $66.53M | $59.57M |
YoY Change | 11.7% | 12.88% |
Operating Profit | $47.96M | $65.02M |
YoY Change | -26.23% | 459.99% |
Interest Expense | $4.521M | $3.507M |
YoY Change | 28.91% | 234.64% |
% of Operating Profit | 9.43% | 5.39% |
Other Income/Expense, Net | -$6.003M | -$3.432M |
YoY Change | 74.91% | 298.61% |
Pretax Income | $42.00M | $61.60M |
YoY Change | -31.82% | 475.7% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $41.96M | $61.58M |
YoY Change | -31.87% | 472.92% |
Net Earnings / Revenue | 36.65% | 49.43% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $210.3K | $319.7K |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $6.300M | $14.00M |
YoY Change | -55.0% | 180.0% |
Cash & Equivalents | $6.297M | $14.01M |
Short-Term Investments | ||
Other Short-Term Assets | $1.500M | $1.100M |
YoY Change | 36.36% | -97.71% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $92.86M | $74.97M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $100.6M | $90.10M |
YoY Change | 11.68% | -7.4% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.527B | $1.098B |
YoY Change | 39.11% | 17.04% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $8.000M | $11.70M |
YoY Change | -31.62% | 11.43% |
Total Long-Term Assets | $1.535B | $1.110B |
YoY Change | 38.37% | 16.98% |
TOTAL ASSETS | ||
Total Short-Term Assets | $100.6M | $90.10M |
Total Long-Term Assets | $1.535B | $1.110B |
Total Assets | $1.636B | $1.200B |
YoY Change | 36.36% | 14.71% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.282M | $3.949M |
YoY Change | -42.21% | -3.68% |
Accrued Expenses | $35.29M | $38.70M |
YoY Change | -8.82% | -20.69% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $55.21M | $47.59M |
YoY Change | 16.01% | -10.06% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $436.0M | $388.0M |
YoY Change | 12.37% | 234.48% |
Other Long-Term Liabilities | $58.30M | $16.10M |
YoY Change | 262.11% | -10.06% |
Total Long-Term Liabilities | $494.3M | $404.1M |
YoY Change | 22.32% | 201.79% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $55.21M | $47.59M |
Total Long-Term Liabilities | $494.3M | $404.1M |
Total Liabilities | $549.5M | $451.7M |
YoY Change | 21.64% | 141.83% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.086B | $747.0M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.636B | $1.200B |
YoY Change | 36.36% | 14.72% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $41.96M | $61.58M |
YoY Change | -31.87% | 472.92% |
Depreciation, Depletion And Amortization | $28.57M | $26.38M |
YoY Change | 8.31% | 21.44% |
Cash From Operating Activities | $76.47M | $63.95M |
YoY Change | 19.58% | 146.87% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$78.90M | -$66.10M |
YoY Change | 19.36% | 88.32% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $18.80M | $2.000M |
YoY Change | 840.0% | |
Cash From Investing Activities | -$60.17M | -$64.09M |
YoY Change | -6.12% | 82.67% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$15.65M | $4.365M |
YoY Change | -458.6% | 356.59% |
NET CHANGE | ||
Cash From Operating Activities | $76.47M | $63.95M |
Cash From Investing Activities | -$60.17M | -$64.09M |
Cash From Financing Activities | -$15.65M | $4.365M |
Net Change In Cash | $655.0K | $4.233M |
YoY Change | -84.53% | -151.5% |
FREE CASH FLOW | ||
Cash From Operating Activities | $76.47M | $63.95M |
Capital Expenditures | -$78.90M | -$66.10M |
Free Cash Flow | $155.4M | $130.1M |
YoY Change | 19.47% | 113.18% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2018Q1 | bsm |
Charges On Partners Equity For Accrued Distribution Equivalent Rights
ChargesOnPartnersEquityForAccruedDistributionEquivalentRights
|
661000 | USD |
CY2018Q1 | bsm |
Cost Method Investments Maximum Ownership Percentage For Accounting Purposes
CostMethodInvestmentsMaximumOwnershipPercentageForAccountingPurposes
|
0.2 | |
CY2018Q1 | bsm |
Derivatives Number Of Counterparties
DerivativesNumberOfCounterparties
|
9 | counterparty |
CY2017Q1 | bsm |
Distributable Preferred Stock Dividends
DistributablePreferredStockDividends
|
0 | USD |
CY2018Q1 | bsm |
Distributable Preferred Stock Dividends
DistributablePreferredStockDividends
|
5250000 | USD |
CY2017Q1 | bsm |
Lease Bonus And Other Income
LeaseBonusAndOtherIncome
|
13682000 | USD |
CY2018Q1 | bsm |
Lease Bonus And Other Income
LeaseBonusAndOtherIncome
|
4599000 | USD |
CY2017Q1 | bsm |
Payments For Proceeds From Derivative Instruments
PaymentsForProceedsFromDerivativeInstruments
|
-4278000 | USD |
CY2018Q1 | bsm |
Payments For Proceeds From Derivative Instruments
PaymentsForProceedsFromDerivativeInstruments
|
4375000 | USD |
CY2017Q1 | bsm |
Payments For Redemptions Of Redeemable Preferred Units
PaymentsForRedemptionsOfRedeemablePreferredUnits
|
12742000 | USD |
CY2018Q1 | bsm |
Proceeds From Farm Out Of Oil And Gas Properties
ProceedsFromFarmOutOfOilAndGasProperties
|
18015000 | USD |
CY2017Q1 | bsm |
Proceeds From Issuance Of Common Units Net Of Offering Costs
ProceedsFromIssuanceOfCommonUnitsNetOfOfferingCosts
|
0 | USD |
CY2018Q1 | bsm |
Payments For Redemptions Of Redeemable Preferred Units
PaymentsForRedemptionsOfRedeemablePreferredUnits
|
2115000 | USD |
CY2017Q1 | bsm |
Proceeds From Farm Out Of Oil And Gas Properties
ProceedsFromFarmOutOfOilAndGasProperties
|
0 | USD |
CY2018Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2018Q1 | bsm |
Proceeds From Issuance Of Common Units Net Of Offering Costs
ProceedsFromIssuanceOfCommonUnitsNetOfOfferingCosts
|
138000 | USD |
CY2018Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2018Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2018Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | |
CY2018Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-03-31 | |
CY2018Q1 | dei |
Document Type
DocumentType
|
10-Q | |
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Entity Central Index Key
EntityCentralIndexKey
|
0001621434 | |
CY2018Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2018Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Black Stone Minerals, L.P. | |
CY2018Q1 | dei |
Trading Symbol
TradingSymbol
|
BSM | |
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Accounts Payable Current
AccountsPayableCurrent
|
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Accounts Payable Current
AccountsPayableCurrent
|
2282000 | USD |
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Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
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CY2018Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
92855000 | USD |
CY2018Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
0 | USD |
CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
52631000 | USD |
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Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
35292000 | USD |
CY2017Q1 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
215000 | USD |
CY2018Q1 | us-gaap |
Amortization Of Deferred Charges
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|
205000 | USD |
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Asset Retirement Obligation Accretion Expense
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|
247000 | USD |
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Asset Retirement Obligation Accretion Expense
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|
269000 | USD |
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Asset Retirement Obligation Current
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|
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Asset Retirement Obligation Current
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Assets
Assets
|
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CY2018Q1 | us-gaap |
Assets
Assets
|
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CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
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CY2018Q1 | us-gaap |
Assets Current
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|
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Capitalized Costs Unproved Properties
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|
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Capitalized Costs Unproved Properties
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Cash And Cash Equivalents At Carrying Value
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|
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents Period Increase Decrease
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|
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Depreciation Depletion And Amortization
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Depreciation Depletion And Amortization
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Derivative Asset Fair Value Gross Liability
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Derivative Assets Current
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|
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Derivative Assets Current
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Derivative Fair Value Of Derivative Asset
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Derivative Fair Value Of Derivative Asset
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Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
4222000 | USD |
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Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
924000 | USD |
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Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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Derivative Fair Value Of Derivative Liability
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Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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|
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Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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|
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Dividends Preferred Stock
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|
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|
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|
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|
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General And Administrative Expense
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|
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|
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|
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Income Loss Attributable To Noncontrolling Interest
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|
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Income Loss Attributable To Noncontrolling Interest
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Increase Decrease In Accounts Receivable
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Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
|
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Increase Decrease In Asset Retirement Obligations
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|
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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|
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Interest Expense
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|
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|
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Interest Paid
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|
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Interest Paid
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|
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Investment Income Net
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|
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Investment Income Net
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|
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Liabilities
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Long Term Line Of Credit
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|
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Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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|
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Natural Gas Production Revenue
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Natural Gas Production Revenue
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Operating Activities
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|
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Net Cash Provided By Used In Operating Activities
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|
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Net Income Loss
NetIncomeLoss
|
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Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
0 | USD |
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Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
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Net Income Loss Available To Common Stockholders Basic
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|
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Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
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Oil And Condensate Revenue
OilAndCondensateRevenue
|
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CY2018Q1 | us-gaap |
Oil And Condensate Revenue
OilAndCondensateRevenue
|
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Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
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Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
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Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
|
3247613000 | USD |
CY2018Q1 | us-gaap |
Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
|
3320859000 | USD |
CY2017Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
1480771000 | USD |
CY2018Q1 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
1526853000 | USD |
CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
59567000 | USD |
CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
66534000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
65015000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
47960000 | USD |
CY2017Q4 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
19171000 | USD |
CY2018Q1 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
38876000 | USD |
CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
69000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1515000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
|
24248000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
|
138000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
|
8441000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
|
18294000 | USD |
CY2017Q4 | us-gaap |
Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
|
867000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
|
842000 | USD |
CY2017Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
768121000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
785836000 | USD |
CY2017Q1 | us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
1336000 | USD |
CY2018Q1 | us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
524000 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
25000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
52000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
93000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
5000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
48371000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
32154000 | USD |
CY2017Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
16279000 | USD |
CY2018Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
46250000 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1212000 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1472000 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
7478000 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
7986000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
103000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
105000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
1993000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
752000 | USD |
CY2017Q1 | us-gaap |
Production Tax Expense
ProductionTaxExpense
|
11902000 | USD |
CY2018Q1 | us-gaap |
Production Tax Expense
ProductionTaxExpense
|
14925000 | USD |
CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
61583000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
41957000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1481330000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1527368000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
14433000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
14471000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
559000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
515000 | USD |
CY2017Q1 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
1114000 | USD |
CY2018Q1 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
25000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
31000000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
57000000 | USD |
CY2017Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
101857000 | USD |
CY2018Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
130827000 | USD |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
124582000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
114494000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4661000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6226000 | USD |