Black Stone Minerals, L.P.
BSM
Positions held
Your positionsBSM isn't in your positions.
Add it to see shares, cost, and P&L here.
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Black Stone Minerals operates in a competitive energy sector with a strong focus on oil and gas exploration, positioning itself well for future growth as demand for energy continues to rise.
- In Q2 2026, Black Stone Minerals reported a revenue of $122.122 million, with an operating margin of 68.1%, indicating strong operational efficiency.
- The company has a profit margin of 66.9% and a return on equity (ROE) of 25.6%, showcasing its ability to generate substantial profits relative to shareholder equity.
- Despite its strengths, Black Stone Minerals faces challenges with a recent earnings growth decline of 12%, which may concern investors about its profitability trajectory.
- The company's net income for Q1 2026 dropped to $13.272 million, a significant decrease compared to previous quarters, highlighting potential volatility in earnings.
- With a debt-to-equity ratio of 17.6, there are concerns regarding financial leverage, which could pose risks in a fluctuating market environment.
Fundamentals
| Market cap | $3.14B | Enterprise value | $3.63B | Trailing P/E | 12.29 | Forward P/E | 13.11 |
| PEG | 1.35 | Price / book | 3.86 | Beta | 0.12 | Dividend yield | 8.27% |
| Revenue growth | 13.2% | Earnings growth | -12.0% | Gross margin | 89.6% | Operating margin | 95.4% |
| Profit margin | 66.9% | ROE | 25.6% | ROA | 14.0% | Debt / equity | 0.18 |
| Current ratio | 3.76 | Free cash flow | $97.28M | Analyst recommendation | none | Mean target | $16.00 |
| 52w high | $15.49 | 52w low | $12.32 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $122M | $124M | $95.2M | $105M | $107M | — |
| Op margin | 68.1% | 65.5% | 53.9% | 63.5% | 65.1% | — |
| Net income | $106M | $13.3M | $72.2M | $91.7M | $120M | — |
| Gross margin | 85.6% | 83.2% | 79.2% | 77.6% | 80.1% | — |
| Gross profit | $105M | $103M | $75.4M | $81.6M | $85.5M | — |
| Operating income | $83.2M | $81.2M | $51.3M | $66.8M | $69.5M | — |
- Revenue -1% vs prior quarter ($122M vs $124M).
- Gross margin 85.6% (was 83.2% prior quarter).
- Operating margin expanded to 68.1%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $422M | $439M | $501M | $784M | — |
| Op margin | 61.8% | 63.5% | 66.3% | 76.9% | — |
| Net income | $300M | $271M | $423M | $476M | — |
| Gross margin | 79.6% | 76.2% | 77.2% | 83.9% | — |
| Gross profit | $336M | $335M | $387M | $658M | — |
| Operating income | $261M | $279M | $332M | $603M | — |
Headlines — watch
• [WARN · legal] 3 Small-Cap Stocks Walking a Fine Line
News
2026-09-28 · 1 Profitable Stock to Own for Decades and 2 We Brush Off
2026-09-22 · Black Stone Minerals (BSM) Could Be 7% Undervalued As Gas Growth Plans Come Into Focus
2026-09-03 · 3 Small-Cap Stocks Walking a Fine Line
2026-09-02 · 3 Value Stocks with Warning Signs
2026-08-28 · 1 Unpopular Stock That Deserves Some Love and 2 We Ignore
2026-08-26 · 2 Reasons to Avoid BSM and 1 Stock to Buy Instead
2026-08-25 · Are Options Traders Betting on a Big Move in Black Stone Minerals Stock?
2026-08-17 · 1 Stock Under $50 on Our Buy List and 2 We Find Risky
2026-08-12 · The 5 Most Interesting Analyst Questions From Black Stone Minerals’s Q2 Earnings Call
2026-08-04 · Black Stone Minerals Q2 Earnings Call Highlights
2026-08-04 · Black Stone Minerals, L.P. Q2 2026 Earnings Call Summary
2026-08-03 · Black Stone Minerals (NYSE:BSM) Delivers Strong Q2 CY2026 Numbers
Price (daily)
Full chart · RSI · MACD · patterns