Black Stone Minerals, L.P. (BSM) Stock

About Black Stone Minerals, L.P.

Black Stone Minerals, L.P. and its subsidiaries are primarily engaged in the ownership and active management of oil and natural gas mineral interests. The company possesses an extensive portfolio, encompassing approximately 16.8 million gross acres of mineral interests, 1.8 million gross acres of nonparticipating royalty interests, and 1.7 million gross acres of overriding royalty interests, distributed across 41 states within the United States. As of December 31, 2021, Black Stone Minerals reported estimated total proved oil and natural gas reserves equivalent to 59,824 barrels. This entity, founded in 1876, is headquartered in Houston, Texas.

Black Stone Minerals, L.P. is headquartered in US.

Black Stone Minerals, L.P. (BSM) stock trades at $14.25 with a market capitalization of $3.03B. The stock is valued at a price-to-earnings (P/E) ratio of 11.24, price-to-book of 2.82, price-to-sales of 6.47. Over the past 52 weeks the stock has ranged between $11.78 and $15.49, and currently trades 8.0% below its 52-week high.

On profitability, Black Stone Minerals, L.P. generates a return on equity (ROE) of 26.86%, above the typical market range of roughly 12-15%, return on capital employed of 27.66%, an operating margin of 76.64%, a net profit margin of 63.48%.

Official website: www.blackstoneminerals.com

Black Stone Minerals, L.P. by the numbers, 2016–2025

Between 2016 and 2025 Black Stone Minerals, L.P. reported revenue of $261.0M rising to $422.0M, a change of +61.7% across 10 years. Compounded, revenue has grown 7.3% a year over five years, -18.6% over three, -3.9% over the last twelve months. Net profit rose to $300.0M.

Operating margin went from 10.5% in 2016 to 61.8% in 2025, a gain of 51.2 percentage points. The most recent net margin is 63.48%. On a trailing twelve-month basis to Mar '26, revenue is $468.0M and net profit $297.0M.

Borrowings fell from $316.0M to $154.0M, cash on hand is $11.6M, cash from operations was $310.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 28.4% over five years, and was 26.7% in the most recent year.

The share price itself has compounded at 18.4% a year over five years, 6.2% over three, 20.3% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Black Stone Minerals, L.P. (BSM) — frequently asked questions