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Black Stone Minerals, L.P. (BSM)
NYSE: BSM · Real-Time Price · USD
14.84
+0.19 (1.30%)
At close: Sep 8, 2026, 4:00 PM EDT
15.00
+0.16 (1.08%)
After-hours: Sep 8, 2026, 7:54 PM EDT

Black Stone Minerals Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
283.59299.93271.33422.55476.48181.99
Depreciation & Amortization
39.2438.2646.4946.7348.6762.09
Other Amortization
1.061.091.081.041.951.58
Loss (Gain) From Sale of Assets
----0.07-0.02-2.85
Stock-Based Compensation
10.649.628.5610.8317.3912.22
Other Operating Activities
-22.67-36.650.94-8.39-82.4934.58
Change in Accounts Receivable
8.985.5511.2453.05-39.51-34.86
Change in Accounts Payable
-1.97-0.291.04-3.833.012.65
Change in Other Net Operating Assets
1.52-7.39-1.65-0.65-0.5-0.52
Operating Cash Flow
320.38310.17389.04521.25424.98256.88
Operating Cash Flow Growth
-2.77%-20.27%-25.36%22.65%65.44%-8.85%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-128.92-119.11-115.03-19.81-12.56-14.64
Sale of Property, Plant & Equipment
0.560.832.80.0711.350.32
Investing Cash Flow
-128.37-118.27-112.24-19.74-1.22-14.32

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-3739764339212
Long-Term Debt Repaid
--244-72-74-418-244
Net Debt Issued (Repaid)
9712925-10-79-32
Repurchase of Common Stock
-2.82-3.78-4.45-5.5-2.99-1.96
Preferred Dividends Paid
-29.47-29.47-28.13-21-21-21
Common Dividends Paid
-254.56-285.65-336.93-398.82-322.4-176.92
Dividends Paid
-284.03-315.12-365.06-419.82-343.4-197.92
Other Financing Activities
-3.01-3.04-0.06-0.22-2.94-3.6
Financing Cash Flow
-192.86-192.93-344.57-435.54-428.34-235.48

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
-0.85-1.04-67.7665.98-4.577.08

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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%
Free Cash Flow Margin
45.20%47.65%64.18%102.63%53.47%49.29%
Free Cash Flow Per Share
0.900.901.302.231.841.16
Levered Free Cash Flow
97.2893.09161.26343.09236.68176.03
Unlevered Free Cash Flow
105.0598.67163.2344.81240.61179.56

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
11.097.381.961.744.334.04
Change in Working Capital
8.52-2.1310.6448.58-37-32.72
SEC Filings: 10-K · 10-Q