Black Stone Minerals, L.P. (BSM)
NYSE: BSM · Real-Time Price · USD
14.59
0.00 (0.00%)
At close: Aug 19, 2026, 4:00 PM EDT
14.65
+0.06 (0.41%)
After-hours: Aug 19, 2026, 7:30 PM EDT

Black Stone Minerals Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
423.6400.98426.97488.59771.23491.44
Revenue Growth
2.40%-6.09%-12.61%-36.65%56.93%70.90%
Gross Profit
379.5351.81367.69420.23692.62428.58
Operating Income
295.66308.4273.11423.52482.48184.78
Net Income
254.12270.47241.86400.77455.48160.99
Earnings Per Share
1.201.281.151.882.120.77
EPS Growth
3.26%11.31%-38.84%-11.58%175.70%57.87%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Oil and Condensate Sales
232.73209.36269.06288.3336.29235.77
Natural Gas and Natural Gas Liquids Sales
190.88191.62157.91200.3434.95255.67
Lease Bonus and Other Income
22.821.3512.4612.5113.0514.29
Gain (Loss) on Commodity Derivative Instruments
13.1147.59-5.7391.12-120.68-146.47
Revenue (Total)
459.5469.92433.7592.22663.6359.26

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1.671.482.5270.284.318.88
Total Debt
19615425-1089
Net Cash (Debt)
-194.33-152.52-22.4870.28-5.69-80.12
Net Cash Growth
------
Net Cash Per Share
-0.92-0.72-0.110.31-0.03-0.38

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
320.38310.17389.04521.25424.98256.88
Capital Expenditures
-128.92-119.11-115.03-19.81-12.56-14.64
Free Cash Flow
191.46191.06274.01501.44412.42242.25
Free Cash Flow Growth
-14.20%-30.27%-45.36%21.58%70.25%-12.54%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
89.59%87.74%86.12%86.01%89.81%87.21%
Operating Margin
69.80%76.91%63.96%86.68%62.56%37.60%
Pretax Margin
66.95%74.80%63.55%86.48%61.78%37.03%
Profit Margin
59.99%67.45%56.65%82.03%59.06%32.76%
FCF Margin
45.20%47.65%64.18%102.63%53.47%49.29%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
8.22%10.24%12.92%15.57%15.13%14.03%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
12.1810.4112.728.367.7613.39
Forward PE
13.3211.4610.038.488.008.98
P/FCF Ratio
16.2114.7411.236.688.578.90
PS Ratio
7.337.027.216.864.584.39