Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Oil brought in 50% of the revenue Buildersmart broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Oil | $288.3M | $269.1M | $209.4M |
| Natural Gas | $200.3M | $157.9M | $191.6M |
| Real Estate | $12.5M | $12.5M | $21.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs29¢$122.4M
- Profit71¢$299.9M
Out of $422.3M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$310.2M
Out of $310.2M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue from contracts with customers | $422.3M | $439.4M | $501.1M |
| Gain (loss) on commodity derivative instruments, net | $47.6M | -$5.7M | $91.1M |
| TOTAL REVENUE | $469.9M | $433.7M | $592.2M |
| Lease operating expense | $10.1M | $9.7M | $11.4M |
| Production costs and ad valorem taxes | $39.0M | $49.6M | $57.0M |
| Exploration expense | $18.6M | $2.7M | $2.1M |
| Depreciation, depletion, and amortization | $36.9M | $45.2M | $45.7M |
| General and administrative | $55.5M | $52.1M | $51.5M |
| Accretion of asset retirement obligations | $1.4M | $1.3M | $1.0M |
| Gain on sale of assets, net | $0 | $0 | -$73.0K |
| TOTAL OPERATING EXPENSE | $161.5M | $160.6M | $168.6M |
| INCOME FROM OPERATIONS | $308.4M | $273.1M | $423.6M |
| Interest and investment income | $237.0K | $1.7M | $1.9M |
| Interest expense | -$8.9M | -$3.1M | -$2.8M |
| Other income (expense), net | $229.0K | -$337.0K | -$160.0K |
| TOTAL OTHER EXPENSE | -$8.5M | -$1.8M | -$1.0M |
| NET INCOME | $299.9M | $271.3M | $422.5M |
| Distributions on Series B cumulative convertible preferred units | -$29.5M | -$29.5M | -$21.8M |
| General partner interest | $0 | $0 | $0 |
| Common units | $270.5M | $241.9M | $400.8M |
| NET INCOME ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS | $270.5M | $241.9M | $400.8M |
| Per common unit (basic) (in dollars per share) | $1 | $1 | $2 |
| Per common unit (diluted) (in dollars per share) | $1 | $1 | $2 |
| Weighted average common units outstanding (basic) (in shares) | 211.7M shares | 210.7M shares | 210.0M shares |
| Weighted average common units outstanding (diluted) (in shares) | 211.7M shares | 210.8M shares | 225.1M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $1.5M | $2.5M |
| Accrued revenue and accounts receivable | $65.6M | $71.1M |
| Commodity derivative assets, net | $18.9M | $1.8M |
| Prepaid expenses and other current assets | $9.7M | $3.1M |
| TOTAL CURRENT ASSETS | $95.6M | $78.5M |
| Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $1,063,709 and $973,028 at December 31, 2025 and 2024, respectively | $3.1B | $3.1B |
| Accumulated depreciation, depletion, amortization, and impairment | -$1.9B | -$2.0B |
| Oil and natural gas properties, net | $1.2B | $1.1B |
| Other property and equipment, net of accumulated depreciation of $15,768 and $14,511 at December 31, 2025 and 2024, respectively | $1.1M | $2.0M |
| NET PROPERTY AND EQUIPMENT | $1.2B | $1.1B |
| DEFERRED CHARGES AND OTHER LONG-TERM ASSETS | $14.8M | $6.3M |
| TOTAL ASSETS | $1.3B | $1.2B |
| Accounts payable | $2.8M | $5.9M |
| Accrued liabilities | $19.4M | $17.2M |
| Commodity derivative liabilities, net | $0 | $3.9M |
| Other current liabilities | $2.4M | $3.4M |
| TOTAL CURRENT LIABILITIES | $24.6M | $30.4M |
| Credit facility | $154.0M | $25.0M |
| Accrued incentive compensation | $1.0M | $1.2M |
| Commodity derivative liabilities, net | $0 | $11.6M |
| Asset retirement obligations | $22.7M | $19.3M |
| Other long-term liabilities | $4.7M | $1.9M |
| TOTAL LIABILITIES | $207.1M | $89.5M |
| Partners' equity general partner interest | $0 | $0 |
| TOTAL EQUITY | $828.0M | $829.0M |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY | $1.3B | $1.2B |
| Unproved properties | $1.1B | $973.0M |
| Accumulated depreciation | $15.8M | $14.5M |
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $299.9M | $271.3M | $422.5M |
| Depreciation, depletion, and amortization | $36.9M | $45.2M | $45.7M |
| Accretion of asset retirement obligations | $1.4M | $1.3M | $1.0M |
| Amortization of deferred charges | $1.1M | $1.1M | $1.0M |
| (Gain) loss on commodity derivative instruments | -$47.6M | $5.7M | -$91.1M |
| Net cash (paid) received on settlement of commodity derivative instruments | $11.0M | $45.2M | $82.7M |
| Equity-based compensation | $9.6M | $8.6M | $10.8M |
| Gain on sale of assets, net | $0 | $0 | -$73.0K |
| Accrued revenue and accounts receivable | $5.5M | $11.2M | $53.1M |
| Prepaid expenses and other current assets | -$6.6M | -$789.0K | -$414.0K |
| Accounts payable, accrued liabilities, and other | -$286.0K | $1.0M | -$3.8M |
| Settlement of asset retirement obligations | -$774.0K | -$861.0K | -$236.0K |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | $310.2M | $389.0M | $521.3M |
| Acquisitions of oil and natural gas properties | -$107.1M | -$109.4M | -$14.6M |
| Additions to oil and natural gas properties | -$640.0K | -$790.0K | -$4.2M |
| Additions to oil and natural gas properties leasehold costs | -$11.1M | -$3.4M | -$545.0K |
| Purchases of other property and equipment | -$298.0K | -$1.4M | -$450.0K |
| Proceeds from the sale of oil and natural gas properties | $834.0K | $2.8M | $73.0K |
| NET CASH USED IN INVESTING ACTIVITIES | -$118.3M | -$112.2M | -$19.7M |
| Borrowings under credit facility | $373.0M | $97.0M | $64.0M |
| Repayments under credit facility | -$244.0M | -$72.0M | -$74.0M |
| Debt issuance costs and other | -$3.0M | -$64.0K | -$216.0K |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | -$192.9M | -$344.6M | -$435.5M |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | -$1.0M | -$67.8M | $66.0M |
| Interest paid | $7.4M | $2.0M | $1.7M |
| Common units issued for property acquisitions | $7.4M | $1.0M | $0 |
| Distributions to common unitholders (in dollars per share) | $1 | $2 | $2 |
Timeline
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataBuildersmart on Wikidata
- 2SEC EDGARBuildersmart 10-K for fiscal 2025
- 3SEC EDGARBuildersmart 10-K for fiscal 2018
- 4SEC EDGARBuildersmart 10-K for fiscal 2019
- 5SEC EDGARBuildersmart 10-K for fiscal 2020
- 6SEC EDGARBuildersmart 10-K for fiscal 2021
- 7SEC EDGARBuildersmart 10-K for fiscal 2022
- 8SEC EDGARBuildersmart 10-Q for fiscal 2025
- 9SEC EDGARBuildersmart 10-Q for fiscal 2025
- 10SEC EDGARBuildersmart 10-Q for fiscal 2025
- 11SEC EDGARBuildersmart 10-K for fiscal 2018
- 12SEC EDGARBuildersmart 10-Q for fiscal 2025
- 13SEC EDGARBuildersmart 10-Q for fiscal 2025