Black Stone Minerals, L.P. (BSM)
Energy · Oil & Gas E&P · NYSE
Black Stone Minerals, L.P. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $260.83M | $429.66M | $609.57M | $487.82M | $342.75M | $359.26M | $784.28M | $501.10M | $439.43M | $422.33M |
| Gross profit | — | — | — | — | — | — | $657.87M | $387.05M | $334.95M | $336.28M |
| Net income | $20.19M | $157.15M | $295.56M | $214.37M | $121.82M | $181.99M | $476.48M | $422.55M | $271.33M | $299.93M |
| Net margin | 7.7% | 36.6% | 48.5% | 43.9% | 35.5% | 50.7% | 60.8% | 84.3% | 61.7% | 71.0% |
Source: Black Stone Minerals, L.P. SEC filings (10-K). 13 years of history available in the interactive view.
What growth is priced into BSM stock?
At today's market cap of $2.96B, Black Stone Minerals, L.P. is priced for free-cash-flow growth of about 4.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $191.06M from the FY ending 2025-12-31). For comparison, revenue 4.3%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 13 years of Black Stone Minerals, L.P. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Black Stone Minerals, L.P. financial history by metric
About Black Stone Minerals, L.P.
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.
Black Stone Minerals, L.P. — frequently asked questions
What is Black Stone Minerals, L.P.'s revenue?
Black Stone Minerals, L.P. (BSM) reported revenue of $422.33M for fiscal year 2025, down 3.9% from the prior year, according to its SEC filings.
Is Black Stone Minerals, L.P. profitable?
Yes. BSM earned net income of $299.93M in fiscal 2025, a net margin of 71.0%.
What is BSM's P/E ratio?
Black Stone Minerals, L.P. trades at a price-to-earnings ratio of about 11.0 based on the latest data in our nightly-refreshed cache.
How fast is Black Stone Minerals, L.P. growing?
BSM's revenue grew at roughly 4.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Black Stone Minerals, L.P. have?
As of fiscal year 2025, BSM carried roughly $154.00M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Black Stone Minerals, L.P.'s gross margin?
BSM's gross margin was 79.6% in fiscal 2025 — gross profit of $336.28M on revenue of $422.33M.
What is Black Stone Minerals, L.P.'s market cap?
Black Stone Minerals, L.P. (BSM) has a market capitalization of about $2.96B, based on the latest data in our nightly-refreshed cache.
When does Black Stone Minerals, L.P.'s fiscal year end?
BSM's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into BSM stock?
At today's market cap of $2.96B, Black Stone Minerals, L.P. is priced for free-cash-flow growth of about 4.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $191.06M from the FY ending 2025-12-31). For comparison, revenue 4.3%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Black Stone Minerals, L.P.'s official SEC filings (10-K and 10-Q), covering 13 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.