Past year: ▲ 11%(13.19 – 15.12 USD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Aug 2025security holder rights change● NeutralMajor
Black Stone struck a standstill deal with its large Series B Preferred holder, AP Basileia SPV: the Partnership agreed not to redeem the Preferred Units through November 2027, while the holder agreed to vote with the board's recommendations and not transfer its units freely until then - settling governance terms around the sizable preferred stake originally sold in the 2017 Noble Energy deal financing.
28 Feb 2025auditor change● Neutral
Black Stone chose not to renew Ernst & Young as its auditor and appointed Deloitte & Touche in its place; no disagreements were cited.
8 May 2018debt financing▲ Good
In its routine semiannual redetermination, Black Stone's lenders raised its credit facility's borrowing base from $550 million to $600 million, alongside a strong first quarter that included a further $32.2 million of mineral acquisitions, led by a sizeable Midland Basin purchase.
12 Feb 2018debt financing● Neutral
Black Stone amended its credit agreement to carve the new Series B Preferred Units out of the facility's debt covenants and permit distributions and redemptions on them - a technical cleanup following the Noble Energy deal's financing.
29 Nov 2017asset acquisition disposition▲ GoodMajor
Black Stone made its largest acquisition to date: buying Noble Energy's fee mineral and royalty interests - roughly 1.1 million gross (140,000 net) mineral acres plus 380,000 gross acres of non-participating royalty interests and 600,000 gross acres of overriding royalty interests across 20 states (concentrated in Texas, Oklahoma and North Dakota) - for about $335 million cash. It funded the deal with $300 million from a new private placement of Series B Preferred Units to a Carlyle Group affiliate and a $35 million draw on its revolving credit facility.
29 June 2017capital raising announcement▲ GoodMajor
Black Stone closed a batch of mineral-interest acquisitions across four deals in June 2017, funding part of the price with 2,798,729 common units worth about $44 million.
26 May 2017material agreement● Neutral
Black Stone set up a new at-the-market equity program allowing it to sell up to $100 million of common units over time through Wells Fargo, Merrill Lynch and UBS.
12 May 2017capital raising announcement▲ GoodMajor
Black Stone signed merger agreements to acquire additional mineral interests, planning to fund part of the consideration with up to 2,494,562 common units (worth about $41.9 million) alongside cash, expected to close by the third quarter of 2017 - part of its ongoing unit-funded mineral-acquisition strategy.
21 Mar 2016auditor change● Neutral
Black Stone dismissed BDO USA as its auditor and engaged Ernst & Young; no disagreements were cited with the outgoing firm.
29 Oct 2015material agreement● Neutral
Black Stone amended its Wells Fargo-led credit facility, extending its maturity from February 2017 to February 2019 and reaffirming the borrowing base at $550 million.
21 Oct 2015business combination▲ GoodMajor
Black Stone Minerals announced plans to tender for up to 100% of its own 117,963 outstanding Series A Preferred Units at par value ($1,000/unit) plus accrued yield - a buyback to retire its preferred equity, not a merger.
28 Apr 2015listing compliance notice▲ GoodMajor
the New York Stock Exchange certified Black Stone Minerals, L.P.'s securities for listing, clearing them to begin trading.
