Black Stone Minerals, L.P. (BSM)
NYSE: BSM · Real-Time Price · USD
14.80
+0.03 (0.20%)
At close: Jul 30, 2026, 4:00 PM EDT
14.80
0.00 (0.00%)
After-hours: Jul 30, 2026, 4:15 PM EDT

Black Stone Minerals Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
470.03469.92433.7592.22663.6359.26
Revenue Growth
21.31%8.35%-26.77%-10.76%84.71%4.82%
Gross Profit
422.12420.75374.42523.85584.99296.4
Operating Income
307.87308.4273.11423.45482.46181.63
Net Income
297.26329.4300.79444.18476.45176.29
Earnings Per Share
1.271.281.151.882.120.77
EPS Growth
38.04%11.30%-38.83%-11.32%175.32%57.14%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Oil and Condensate Sales
213.38209.36269.06288.3336.29235.77
Natural Gas and Natural Gas Liquids Sales
196.79191.62157.91200.3434.95255.67
Lease Bonus and Other Income
20.8121.3512.4612.5113.0514.29
Gain (Loss) on Commodity Derivative Instruments
39.0447.59-5.7391.12-120.68-146.47
Revenue (Total)
470.03469.92433.7592.22663.6359.26

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
11.611.482.5270.284.318.88
Total Debt
1871542501089
Net Cash (Debt)
-175.39-152.52-22.4870.28-5.69-80.12
Net Cash Growth
------
Net Cash Per Share
-0.75-0.72-0.110.31-0.03-0.38

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
307.89310.17389.04521.25424.98256.88
Capital Expenditures
-117.75-119.11-115.03-19.81-12.56-14.64
Free Cash Flow
190.14191.06274.01501.44412.42242.25
Free Cash Flow Growth
-22.38%-30.27%-45.36%21.58%70.25%-12.54%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
89.81%89.54%86.33%88.46%88.15%82.50%
Operating Margin
65.50%65.63%62.97%71.50%72.70%50.56%
Pretax Margin
63.24%63.83%62.56%71.33%71.80%49.07%
Profit Margin
63.24%63.83%62.56%71.33%71.80%49.07%
FCF Margin
40.45%40.66%63.18%84.67%62.15%67.43%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.2001.2751.6001.9001.7450.895
Dividend Per Share Growth
-14.39%-20.31%-15.79%8.88%94.97%61.26%
Dividend Yield
8.11%10.15%10.95%11.90%8.51%8.22%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
11.7110.3812.708.497.9613.42
Forward PE
13.9011.4610.038.488.008.98
P/FCF Ratio
16.5114.7411.236.688.578.90
PS Ratio
7.655.997.095.665.326.00