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Black Stone Minerals, L.P. (BSM)
NYSE: BSM · Real-Time Price · USD
13.72
-0.02 (-0.15%)
Nov 10, 2026, 12:08 PM EST - Market open

Black Stone Minerals Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
299.93271.33422.55476.48181.99
Depreciation & Amortization
38.2646.4946.7348.6762.09
Other Amortization
1.091.081.041.951.58
Loss (Gain) From Sale of Assets
---0.07-0.02-2.85
Stock-Based Compensation
9.628.5610.8317.3912.22
Other Operating Activities
-36.650.94-8.39-82.4934.58
Change in Accounts Receivable
5.5511.2453.05-39.51-34.86
Change in Accounts Payable
-0.291.04-3.833.012.65
Change in Other Net Operating Assets
-7.39-1.65-0.65-0.5-0.52
Operating Cash Flow
310.17389.04521.25424.98256.88
Operating Cash Flow Growth
-20.27%-25.36%22.65%65.44%-8.85%

Investing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-119.11-115.03-19.81-12.56-14.64
Sale of Property, Plant & Equipment
0.832.80.0711.350.32
Investing Cash Flow
-118.27-112.24-19.74-1.22-14.32

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
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)
12925-10-79-32
Repurchase of Common Stock
-3.78-4.45-5.5-2.99-1.96
Preferred Dividends Paid
-29.47-28.13-21-21-21
Common Dividends Paid
-285.65-336.93-398.82-322.4-176.92
Dividends Paid
-315.12-365.06-419.82-343.4-197.92
Other Financing Activities
-3.04-0.06-0.22-2.94-3.6
Financing Cash Flow
-192.93-344.57-435.54-428.34-235.48

Net Cash Flow

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

Free Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
191.06274.01501.44412.42242.25
Free Cash Flow Growth
-30.27%-45.36%21.58%70.25%-12.54%
Free Cash Flow Margin
47.65%64.18%102.63%53.47%49.29%
Free Cash Flow Per Share
0.901.302.231.841.16
Levered Free Cash Flow
93.09161.26343.09236.68176.03
Unlevered Free Cash Flow
98.67163.2344.81240.61179.56

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
7.381.961.744.334.04
Change in Working Capital
-2.1310.6448.58-37-32.72
SEC Filings: 10-K · 10-Q