Black Stone Minerals, L.P. (BSM)

Black Stone Minerals Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	422.06	426.97	488.59	771.23	491.44	287.56
Revenue Growth (YoY)	-12.71%	-12.61%	-36.65%	56.93%	70.90%	-37.89%
Cost of Revenue	56.16	59.28	68.37	78.61	62.87	57.5
Gross Profit	365.9	367.69	420.23	692.62	428.58	230.06
Selling, General & Admin	53.16	52.08	51.46	53.65	48.45	42.98
Other Operating Expenses	35.92	-5.43	-102.58	108.49	133.26	-54.06
Operating Expenses	139.61	94.58	-3.3	210.14	243.8	122
Operating Income	226.29	273.11	423.52	482.48	184.78	108.06
Interest Expense	-3.88	-3.11	-2.75	-6.29	-5.64	-10.41
Interest & Investment Income	1.06	1.67	1.87	0.05	0	0.04
Other Non Operating Income (Expenses)	-0.13	-0.34	-0.16	0.22	0.3	0.08
EBT Excluding Unusual Items	223.35	271.33	422.48	476.46	179.44	97.77
Merger & Restructuring Charges	-	-	-	-	-0.3	-
Gain (Loss) on Sale of Assets	-	-	0.07	0.02	2.85	24.05
Pretax Income	223.35	271.33	422.55	476.48	181.99	121.82
Earnings From Continuing Operations	223.35	271.33	422.55	476.48	181.99	121.82
Net Income	223.35	271.33	422.55	476.48	181.99	121.82
Preferred Dividends & Other Adjustments	29.47	29.47	21.78	21	21	21
Net Income to Common	193.88	241.86	400.77	455.48	160.99	100.82
Net Income Growth	-36.55%	-35.79%	-11.32%	161.82%	49.39%	-43.17%
Shares Outstanding (Basic)	211	211	210	209	208	207
Shares Outstanding (Diluted)	211	211	225	224	208	207
Shares Change (YoY)	-4.83%	-6.41%	0.29%	7.76%	0.71%	0.34%
EPS (Basic)	0.92	1.15	1.91	2.18	0.77	0.49
EPS (Diluted)	0.92	1.15	1.88	2.12	0.77	0.49
EPS Growth	-40.95%	-38.84%	-11.58%	175.70%	57.87%	-48.01%
Free Cash Flow	244.96	274.01	501.44	412.42	242.25	276.99
Free Cash Flow Per Share	1.16	1.30	2.23	1.84	1.16	1.34
Dividend Per Share	1.500	1.500	1.900	1.745	0.895	0.555
Dividend Growth	-16.67%	-21.05%	8.88%	94.97%	61.26%	-60.64%
Gross Margin	86.69%	86.12%	86.01%	89.81%	87.21%	80.01%
Operating Margin	53.62%	63.96%	86.68%	62.56%	37.60%	37.58%
Profit Margin	45.94%	56.65%	82.03%	59.06%	32.76%	35.06%
Free Cash Flow Margin	58.04%	64.18%	102.63%	53.47%	49.29%	96.33%
EBITDA	270.29	319.6	470.25	531.15	246.87	242.24
EBITDA Margin	64.04%	74.85%	96.25%	68.87%	50.23%	84.24%
D&A For EBITDA	44	46.49	46.73	48.67	62.09	134.18
EBIT	226.29	273.11	423.52	482.48	184.78	108.06
EBIT Margin	53.62%	63.96%	86.68%	62.56%	37.60%	37.58%
Revenue as Reported	387.46	433.7	592.22	663.6	359.26	342.75

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q