Black Stone Minerals, L.P. (BSM) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, Black Stone Minerals reported revenue of $469.9M, up 8.4% from $433.7M the year before. Net income was $299.9M (a 63.8% net margin). Operating margin was 65.6%. Operating activities generated $310.2M of cash. At fiscal year end, Black Stone Minerals held $1.34B in total assets against $207.1M in total liabilities, including $1.5M of cash and equivalents.
Open the full interactive Black Stone Minerals financials → Quarterly statements, key ratios, valuation history and price charts.
Black Stone Minerals Key Stats
| Share Price | $14.93 |
|---|---|
| Revenue YoY Growth | +8.3% |
| 52-Week Range | $11.38 – $15.17 |
Black Stone Minerals Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $342.8M | $359.3M | $663.6M | $592.2M | $433.7M | $469.9M |
| Operating Income | $132.1M | $187.3M | $482.5M | $423.6M | $273.1M | $308.4M |
| Pre-Tax Income | $121.8M | $182.0M | $476.5M | $422.5M | $271.3M | $299.9M |
| Net Income | $121.8M | $182.0M | $476.5M | $422.5M | $271.3M | $299.9M |
Black Stone Minerals Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $132.5M | $118.7M | $59.4M | $149.0M |
| Net Income | $91.7M | $72.2M | $13.3M | $106.4M |
Black Stone Minerals Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.8M | $8.9M | $4.3M | $70.3M | $2.5M | $1.5M |
| Current Assets | $66.5M | $108.0M | $173.4M | $193.1M | $78.5M | $95.6M |
| Total Assets | $1.24B | $1.25B | $1.27B | $1.27B | $1.22B | $1.34B |
| Current Liabilities | $39.9M | $77.1M | $30.7M | $25.8M | $30.4M | $24.6M |
| Total Long-Term Debt | $125.1M | $91.8M | $13.6M | $2.9M | $26.9M | $158.7M |
| Total Liabilities | $185.0M | $184.3M | $61.3M | $49.5M | $89.5M | $207.1M |
| Shareholders' Equity | $1.06B | $1.06B | $1.21B | $1.22B | $1.13B | $1.13B |
Black Stone Minerals Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $281.8M | $256.9M | $425.0M | $521.3M | $389.0M | $310.2M |
| Cash From Investing | $151.2M | -$14.3M | -$1.2M | -$19.7M | -$112.2M | -$118.3M |
| Cash From Financing | -$439.4M | -$235.5M | -$428.3M | -$435.5M | -$344.6M | -$192.9M |
Figures from Black Stone Minerals' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Black Stone Minerals financials page for every line item.
Black Stone Minerals Company Profile
| Ticker | BSM |
|---|---|
| Exchange | NYSE |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001621434 |
Frequently Asked Questions
What was Black Stone Minerals' revenue in fiscal 2025?
Black Stone Minerals (BSM) reported revenue of $469.9M for fiscal 2025.
What is Black Stone Minerals' annual revenue history?
Black Stone Minerals' annual revenue by fiscal year: 2020: $342.8M; 2021: $359.3M; 2022: $663.6M; 2023: $592.2M; 2024: $433.7M; 2025: $469.9M.
What was Black Stone Minerals' net income in fiscal 2025?
Black Stone Minerals reported net income of $299.9M for fiscal 2025.
What was Black Stone Minerals' revenue last quarter?
In its most recent reported quarter (2026 Q2), Black Stone Minerals reported revenue of $149.0M.
How much debt does Black Stone Minerals have?
Black Stone Minerals reported $158.7M of long-term debt, including the current portion, at the end of fiscal 2025.
When does Black Stone Minerals' fiscal year end?
Black Stone Minerals' fiscal year end, as registered with the SEC, is December 31.
Where is Black Stone Minerals headquartered?
Black Stone Minerals lists its business address in Houston, Texas in its SEC filings.