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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›BSM

BSM

Black Stone Minerals, L.P.

Next earnings Aug 3, 2026 · consensus $0.22 EPS, $115M rev

Last earnings -3.9% on 2026-05-05

Hold
$13.97
▼ -0.92%
$13.97▲ +17.94%
over 1Y
L $10.98EODHDH $15.09
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.9%
1W+0.8%
1M+2.3%
3M-6.4%
YTD+7.9%
1Y+17.9%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Hold
Quality
B
Valuation
Fair value
Filings
Watch
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy

Strong net margin (71.0%); but revenue declined -3.9% YoY.

Revenue (FY2025) $422M · FY2025

Black Stone Minerals, L.P. shows $422M in FY2025 revenue (-3.9% YoY), a 71.0% net margin.

Supporting the case: strong net margin (71.0%).

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$506M$784M$501M$439M$422M
Gross profit—————
Operating income$187M$482M$424M$273M$308M
Net income$182M$476M$423M$271M$300M
Diluted EPS—————
Net margin36.0%60.8%84.3%61.7%71.0%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$2.98B
EV / EBITDA8.6
EV / Sales7.0
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield10.1%
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt—
Net cash$1.48M
Piotroski F-Score5/6

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 8-K Shareholder vote2026-06-16
  2. 8-K Earnings results2026-05-05
  3. 10-Q Quarterly report2026-05-05
  4. DEF 14A Proxy statement2026-04-30
  5. 8-K Earnings results2026-02-24
  6. 10-K Annual report2026-02-24
  7. 8-K Officer / director change2026-02-10
  8. 8-K/A Amended 8-K2026-01-07
  9. 8-K Officer / director change2025-11-05

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-06-112026-06-16open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-282026-05-28open ↗4Period ending 2026-05-132026-05-14open ↗4Period ending 2026-05-122026-05-13open ↗4Period ending 2026-05-082026-05-12open ↗144Filing2026-05-12open ↗4/APeriod ending 2026-04-062026-05-06open ↗4Period ending 2026-05-052026-05-06open ↗4/APeriod ending 2026-03-052026-05-06open ↗144Filing2026-05-05open ↗10-QPeriod ending 2026-03-312026-05-05open ↗

Quality score

B
ValueGrowthProfitHealthMom.
ValueC
GrowthC-
ProfitabilityA+
Financial healthA-
MomentumB-
  • ✗Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✓Net margin above 10%
10.9852-week15.09
Revenue
$422M
-3.9% YoY
Net margin
71.0%
ROE
—
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$422M-3.9%
Net income$300M+10.5%
Operating income$308M+12.9%
Cash & equivalents$1.48M-41.3%
Total assets$1.34B+9.6%
Total liabilities$207M+131.5%
Op.: 73.0%

Frequently asked

Is Black Stone Minerals, L.P. (BSM) a buy?
BSM currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Strong net margin (71.0%); but revenue declined -3.9% YoY.
What is Black Stone Minerals, L.P.'s quality score?
BSM scores 71.7457477808893/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001621434, latest 10-Q filed 2026-05-05) · EODHD · as of 7/1/2026, 4:52:19 AM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 7 open-market buys · 3 sales

2026-06-01
DeWalch D Mark
Director
Buy36.4K @ $13.62$495K
2026-05-29
DeWalch D Mark
Director
Buy36.4K @ $13.48$490K
2026-05-28
DeWalch D Mark
Director
Buy37.6K @ $13.21$497K
2026-05-13
Carter Thomas L Jr
Executive Chairman
Buy1.12K @ $13.50$15.1K
2026-05-12
Longmaid Ashley J
Director
Sell11.1K @ $13.45$150K
2026-05-12
Carter Thomas L Jr
Executive Chairman
Buy19.2K @ $13.48$258K
2026-05-11
Carter Thomas L Jr
Executive Chairman
Buy25.0K @ $13.47$337K
2026-05-08
Carter Thomas L Jr
Executive Chairman
Buy23.6K @ $13.32$314K
2026-05-05
Putman Luke Stevens
SVP, General Counsel, and Sec
Sell29.4K @ $13.75$404K
2026-04-06
Putman Luke Stevens
SVP, General Counsel, and Sec
Sell29.4K @ $14.45$425K
2026-04-02
Kyle Jerry V. Jr.
Director
Award1.24K @ $15.12$18.7K

Dividends

Quarterly
Yield (TTM)
8.6%
Annual / share
$1.20
Last ex-date
2026-05-08
Last amount
$0.30
ex 2026-05-08paid 2026-05-15$0.30
ex 2026-02-18paid 2026-02-25$0.30
ex 2025-11-06paid 2025-11-13$0.30
ex 2025-08-07paid 2025-08-14$0.30
ex 2025-05-08paid 2025-05-15$0.38
ex 2025-02-18paid 2025-02-25$0.38

Source: EODHD. Yield = trailing-12-month dividends ÷ price.

Earnings history

beat/miss · move
2026-05-05Miss -85.9% est▼ -3.86%8-K ↗
2026-02-24Beat +16.5% est▲ +2.49%8-K ↗
2025-11-04Beat +41.4% est▲ +1.83%8-K ↗
2025-08-05Beat +71.1% est▲ +1.11%8-K ↗
2025-05-06—▼ -1.68%8-K ↗
2025-02-25—▲ +1.14%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
1 Small-Cap Stock Worth Investigating and 2 We QuestionBullish
finance.yahoo.com· 2026-06-23
RBC Capital Highlights Natural Gas Exposure in New Black Stone Minerals (BSM) CoverageBullish
finance.yahoo.com· 2026-06-17
New Strong Sell Stocks for June 17thBullish
finance.yahoo.com· 2026-06-17
3 Cash-Producing Stocks Walking a Fine LineBullish
finance.yahoo.com· 2026-06-10
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finance.yahoo.com· 2026-06-01
Mixed or Offshore Upstream E&P Stocks Q1 Teardown: Black Stone Minerals (NYSE:BSM) Vs The RestBullish
finance.yahoo.com· 2026-05-29

Vs tracked universe

compare →

1192 tracked peers · median

EDGAR Score72 vs 67
Revenue growth-3.9% vs 7.5%
Net margin71.0% vs 10.0%
Return on equity— vs 12.0%
P/E— vs 25.7

News sentiment

EODHD · 16d
Bullish
+0.18
vs typical · 21 articles

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.