Black Stone Minerals, L.P. (BSM)

NYSE: BSM · Real-Time Price · USD

15.15

-0.17 (-1.11%)

At close: Mar 27, 2026, 4:00 PM EDT

15.30

+0.15 (0.99%)

After-hours: Mar 27, 2026, 7:19 PM EDT

Black Stone Minerals Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	469.92	433.7	592.22	663.6	359.26
Revenue Growth (YoY)	8.35%	-26.77%	-10.76%	84.71%	4.82%
Cost of Revenue	49.17	59.28	68.37	78.61	62.87
Gross Profit	420.75	374.42	523.85	584.99	296.4
Selling, General & Admin	55.46	52.08	51.46	53.65	48.75
Depreciation & Amortization Expenses	36.89	45.2	45.68	47.8	61.02
Exploration Expenses	18.63	2.74	2.15	0.19	1.08
Other Operating Expenses	1.37	1.3	1.12	0.88	3.92
Total Operating Expenses	112.36	101.31	100.4	102.53	114.77
Operating Income	308.4	273.11	423.45	482.46	181.63
Interest Income	0.24	1.67	1.87	0.05	0
Interest Expense	-8.93	-3.11	-2.75	-6.29	-5.64
Other Non-Operating Income (Expense)	0.23	-0.34	-0.16	0.22	0.3
Total Non-Operating Income (Expense)	-8.46	-1.78	-1.05	-6.02	-5.34
Pretax Income	299.93	271.33	422.4	476.45	176.29
Net Income	329.4	300.79	444.18	476.45	176.29
Net Income Attributable to Preferred Dividends	-29.47	-29.47	-21.78	-	-
Net Income to Common	329.4	300.79	444.18	476.45	176.29
Net Income Growth	9.51%	-32.28%	-6.77%	170.27%	139.10%
Shares Outstanding (Basic)	212	211	210	224	208
Shares Outstanding (Diluted)	212	211	225	224	208
Shares Change (YoY)	0.45%	-6.36%	0.29%	7.76%	38.43%
EPS (Basic)	1.28	1.15	1.91	2.18	0.77
EPS (Diluted)	1.28	1.15	1.88	2.12	0.77
EPS Growth	11.30%	-38.83%	-11.32%	175.32%	57.14%
Free Cash Flow	191.06	274.01	501.44	412.42	242.25
Free Cash Flow Growth	-30.27%	-45.36%	21.58%	70.25%	-12.54%
Free Cash Flow Per Share	0.90	1.30	2.23	1.84	1.16
Dividends Per Share	1.275	1.600	1.900	1.745	0.895
Dividend Growth	-20.31%	-15.79%	8.88%	94.97%	61.26%
Gross Margin	89.54%	86.33%	88.46%	88.15%	82.50%
Operating Margin	65.63%	62.97%	71.50%	72.70%	50.56%
Profit Margin	63.83%	62.56%	71.33%	71.80%	49.07%
FCF Margin	40.66%	63.18%	84.67%	62.15%	67.43%
EBITDA	346.37	319.38	470.17	532.22	244.22
EBITDA Margin	73.71%	73.64%	79.39%	80.20%	67.98%
EBIT	308.4	273.11	423.45	482.46	181.63
EBIT Margin	65.63%	62.97%	71.50%	72.70%	50.56%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q