Black Stone Minerals, L.P. (BSM)

NYSE: BSM · Real-Time Price · USD

14.01

+0.20 (1.45%)

At close: Jun 18, 2026, 4:00 PM EDT

14.00

-0.01 (-0.07%)

After-hours: Jun 18, 2026, 7:00 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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	470.03	469.92	433.7	592.22	663.6	359.26
Revenue Growth (YoY)	21.31%	8.35%	-26.77%	-10.76%	84.71%	4.82%
Cost of Revenue	47.91	49.17	59.28	68.37	78.61	62.87
Gross Profit	422.12	420.75	374.42	523.85	584.99	296.4
Selling, General & Admin	57.12	55.46	52.08	51.46	53.65	48.75
Depreciation & Amortization Expenses	37.54	36.89	45.2	45.68	47.8	61.02
Exploration Expenses	18.15	18.63	2.74	2.15	0.19	1.08
Other Operating Expenses	1.43	1.37	1.3	1.12	0.88	3.92
Total Operating Expenses	114.25	112.36	101.31	100.4	102.53	114.77
Operating Income	307.87	308.4	273.11	423.45	482.46	181.63
Interest Income	0.21	0.24	1.67	1.87	0.05	0
Interest Expense	-10.89	-8.93	-3.11	-2.75	-6.29	-5.64
Other Non-Operating Income (Expense)	0.08	0.23	-0.34	-0.16	0.22	0.3
Total Non-Operating Income (Expense)	-10.61	-8.46	-1.78	-1.05	-6.02	-5.34
Pretax Income	297.26	299.93	271.33	422.4	476.45	176.29
Net Income	297.26	299.93	271.33	422.4	476.45	176.29
Net Income Attributable to Preferred Dividends	-22.1	-29.47	-29.47	-21.78	-	-
Net Income to Common	319.36	329.4	300.79	444.18	476.45	176.29
Net Income Growth	30.11%	9.51%	-32.28%	-6.77%	170.27%	139.10%
Shares Outstanding (Basic)	251	212	211	210	224	208
Shares Outstanding (Diluted)	251	212	211	225	224	208
Shares Change (YoY)	-5.75%	0.45%	-6.36%	0.29%	7.76%	38.43%
EPS (Basic)	1.27	1.28	1.15	1.91	2.18	0.77
EPS (Diluted)	1.27	1.28	1.15	1.88	2.12	0.77
EPS Growth	38.04%	11.30%	-38.83%	-11.32%	175.32%	57.14%
Free Cash Flow	190.14	191.06	274.01	501.44	412.42	242.25
Free Cash Flow Growth	-0.48%	-30.27%	-45.36%	21.58%	70.25%	-12.54%
Free Cash Flow Per Share	0.76	0.90	1.30	2.23	1.84	1.16
Dividends Per Share	1.200	1.275	1.600	1.900	1.745	0.895
Dividend Growth	-5.88%	-20.31%	-15.79%	8.88%	94.97%	61.26%
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%
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%
EBITDA	346.49	346.37	319.38	470.17	532.22	244.22
EBITDA Margin	73.72%	73.71%	73.64%	79.39%	80.20%	67.98%
EBIT	307.87	308.4	273.11	423.45	482.46	181.63
EBIT Margin	65.50%	65.63%	62.97%	71.50%	72.70%	50.56%

SEC Filings: 10-K · 10-Q