Business Context and Reporting Period
This Form 8-K Current Report is filed by Black Stone Minerals, L.P. (the "Company") on February 26, 2025. The filing addresses a change in the Company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the external auditor.
Material Changes
- Dismissal of Prior Auditor: The Audit Committee of Black Stone Minerals GP, L.L.C. chose not to renew the engagement of Ernst & Young LLP, effective February 26, 2025.
- Appointment of New Auditor: The Audit Committee appointed Deloitte & Touche LLP as the new independent registered public accounting firm, effective immediately for the fiscal quarter ending March 31, 2025.
- Audit History: The audit reports issued by Ernst & Young for the years ended December 31, 2024, and December 31, 2023, contained no adverse opinions, disclaimers, or qualifications.
Management Commentary and Risks
Management confirmed that during the fiscal years ended December 31, 2024 and 2023, and through February 25, 2025, there were no disagreements with Ernst & Young regarding accounting principles, financial statement disclosures, or auditing scope. Additionally, no reportable events occurred during this period. The Company has not consulted with Deloitte regarding accounting principles or matters that would have constituted a disagreement or reportable event prior to this appointment.
Key Facts for Investor Verification
- Verify the content of the letter from Ernst & Young LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor future filings to ensure the transition to Deloitte & Touche LLP proceeds without delay for the Q1 2025 reporting period.
- Review subsequent 10-Q or 10-K filings for any restatements or changes in accounting policies resulting from the auditor change.