Black Stone Minerals, L.P. (BSM) stock
BSMNYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 6/3011% above fair value
$14.22+0.16 (+1.14%)
Close on Nov 13, 2026Market cap $3.23BP/E –Yield –
Earnings
Black Stone Minerals, L.P.'s quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 23, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$99.73M
-24.7% on a year earlier
EPS, Q3 FY2026
$0.21
$0.40 a year earlier
Latest guidance
Raised
Aug 4, 2025 · 1 item
Quarterly results
Revenue and earnings per share from each of Black Stone Minerals, L.P.'s earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Source |
|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 23, 2027Expected | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Nov 3, 2026after the close | $99.73M | -24.7% | $0.21 | Release |
| Q2 FY2026ended Jun 30, 2026 | Aug 4, 2026after the close | $148.97M | -6.6% | $0.47 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 5, 2026after the close | $59.36M | +0.2% | $0.03 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 24, 2026after the close | $118.70M | +41.8% | $0.31 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 4, 2025after the close | $132.47M | – | $0.40 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 5, 2025after the close | $159.49M | +45.5% | $0.53 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 6, 2025after the close | $59.25M | -43.8% | $0.04 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 25, 2025after the close | $83.73M | -56.1% | $0.18 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 5, 2024after the close | – | – | – | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 6, 2024after the close | $109.62M | -6.3% | $0.29 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 7, 2024after the close | $105.49M | -39.6% | $0.27 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 20, 2024before the open | $190.84M | -17.2% | $0.65 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 31, 2023after the close | $109.80M | -49.3% | $0.27 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 1, 2023after the close | $117.00M | -35.1% | $0.35 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 2, 2023after the close | $174.58M | +379.3% | $0.60 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 22, 2023after the close | $230.38M | +28.4% | $0.82 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 1, 2022after the close | $216.43M | +261.8% | $0.75 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 2, 2022after the close | $180.37M | – | $0.59 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 3, 2022after the close | $36.42M | – | -$0.06 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 22, 2022before the open | $179.42M | – | $0.60 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 2, 2021after the close | $59.83M | – | $0.05 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 3, 2021after the close | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 4, 2021before the open | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 23, 2021after the close | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Nov 3, 2020after the close | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
No open guidance: every period Black Stone Minerals, L.P. guided for has been reported
Guidance history
Every forecast Black Stone Minerals, L.P. put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 4, 2025 | total production | FY2025 | 33 – 35 | Raised |
| Feb 25, 2025 | G&A - TOTAL | FY2025 | $57.00M – $60.00M | Raised |
| Feb 25, 2025 | G&A - non-cash | FY2025 | $10.00M – $12.00M | Lowered |
| Feb 25, 2025 | G&A - cash | FY2025 | $47.00M – $48.00M | Raised |
| Feb 25, 2025 | Lease operating expense | FY2025 | $8.00M – $10.00M | Lowered |
| Feb 25, 2025 | Lease bonus and other income | FY2025 | $9.00M – $11.00M | New |
| Feb 25, 2025 | royalty production growth | FY2025 | +2% | New |
| Feb 25, 2025 | Production costs and ad valorem taxes (as % of total pre-derivative O&G revenue) | FY2025 | 10% – 12% | Lowered |
| Feb 25, 2025 | Percentage royalty interest | FY2025 | 96% | Raised |
| Feb 25, 2025 | Percentage natural gas | FY2025 | 77% | New |
| Feb 25, 2025 | DD&A | FY2025 | 3.1 – 3.3 | Lowered |
| Feb 25, 2025 | Total production | FY2025 | 38 – 41 | Raised |
| Feb 25, 2025 | Working interest production | FY2025 | 1.5 – 2.5 | Lowered |
| Feb 25, 2025 | Mineral and royalty production | FY2025 | 36.5 – 38.5 | New |
| May 6, 2024 | total production guidance | FY2024 | 38.5 – 40.5 | Lowered |
| Feb 20, 2024 | DD&A ($/Boe) | FY2024 | $3 – $3 | Lowered |
| Feb 20, 2024 | G&A - TOTAL ($MM) | FY2024 | $54.00M – $57.00M | Raised |
| Feb 20, 2024 | G&A - non-cash ($MM) | FY2024 | $10.00M – $12.00M | Lowered |
| Feb 20, 2024 | G&A - cash ($MM) | FY2024 | $44.00M – $45.00M | Raised |
| Feb 20, 2024 | Lease operating expense ($MM) | FY2024 | $10.00M – $12.00M | Lowered |
| Feb 20, 2024 | Lease bonus and other income ($MM) | FY2024 | $10.00M – $15.00M | New |
| Feb 20, 2024 | royalty production | FY2024 | +4% | New |
| Feb 20, 2024 | Production costs and ad valorem taxes (as % of total pre-derivative O&G revenue) | FY2024 | 11% – 13% | Lowered |
| Feb 20, 2024 | Percentage royalty interest | FY2024 | 96% | Raised |
| Feb 20, 2024 | Percentage natural gas | FY2024 | 76% | New |
| Feb 20, 2024 | Total production (MBoe/d) | FY2024 | 40 – 42 | Raised |
| Feb 20, 2024 | Working interest production (MBoe/d) | FY2024 | 1 – 2 | Lowered |
| Feb 20, 2024 | Mineral and royalty production (MBoe/d) | FY2024 | 39 – 40 | New |
| Oct 30, 2023 | non-cash G&A | FY2023 | $11.00M – $13.00M | Lowered |
| Oct 30, 2023 | cash G&A | FY2023 | $42.00M – $44.00M | Raised |
| Oct 30, 2023 | lease operating expenses | FY2023 | $11.00M – $12.00M | Lowered |
| Oct 30, 2023 | total production | FY2023 | 37 – 39 | Raised |
| Oct 30, 2023 | production costs as a percentage of oil and gas revenues | FY2023 | 10% – 12% | Reaffirmed |
| Jul 31, 2023 | G&A - TOTAL ($MM) | FY2023 | $53.00M – $57.00M | Raised |
| Jul 31, 2023 | G&A - non-cash ($MM) | FY2023 | $11.00M – $13.00M | Lowered |
| Jul 31, 2023 | G&A - cash ($MM) | FY2023 | $42.00M – $44.00M | Raised |
| Jul 31, 2023 | Lease operating expense ($MM) | FY2023 | $11.00M – $12.00M | Raised |
| Jul 31, 2023 | Lease bonus and other income ($MM) | FY2023 | $10.00M – $12.00M | Lowered |
| Jul 31, 2023 | production volumes | FY2023 | 37 – 39 | Raised |
| Jul 31, 2023 | Mineral and royalty production (MBoe/d) | FY2023 | 35 – 37 | Lowered |
| Jul 31, 2023 | Working-interest production (MBoe/d) | FY2023 | 2 – 3 | Lowered |
| Jul 31, 2023 | DD&A ($/Boe) | FY2023 | 3.25 – 3.5 | Raised |
| Jul 31, 2023 | Percentage natural gas | FY2023 | 74% | Raised |
| Jul 31, 2023 | Percentage royalty interest | FY2023 | 93% | Raised |
| Jul 31, 2023 | Production costs and ad valorem taxes (as % of total pre-derivative O&G revenue) | FY2023 | 10% – 12% | Lowered |
| Feb 21, 2023 | G&A - TOTAL | FY2023 | $54.00M – $58.00M | Raised |
| Feb 21, 2023 | G&A - non-cash | FY2023 | $12.00M – $14.00M | Lowered |
| Feb 21, 2023 | Mineral and royalty production | FY2023 | 35 – 37 | New |
| Feb 21, 2023 | Working interest production | FY2023 | 2 – 3 | Lowered |
| Feb 21, 2023 | Total production | FY2023 | 37 – 39 | Raised |
| Feb 21, 2023 | DD&A | FY2023 | 3.5 – 3.75 | Lowered |
| Feb 21, 2023 | Percentage natural gas | FY2023 | 72% | New |
| Feb 21, 2023 | Percentage royalty interest | FY2023 | 94% | Raised |
| Feb 21, 2023 | Production costs and ad valorem taxes (as % of total pre-derivative O&G revenue) | FY2023 | 9% – 11% | Lowered |
| Feb 21, 2023 | royalty production | FY2023 | +5% | New |
| Feb 21, 2023 | Lease bonus and other income | FY2023 | $10.00M – $12.00M | New |
| Feb 21, 2023 | Lease operating expense | FY2023 | $12.00M – $13.00M | Raised |
| Feb 21, 2023 | G&A - cash | FY2023 | $42.00M – $44.00M | Raised |
| Oct 31, 2022 | total production | FY2022 | 34 – 37 | Reaffirmed |
| Oct 31, 2022 | production costs as a percentage of oil and gas revenues | FY2022 | 10% – 12% | Reaffirmed |
| Oct 31, 2022 | lease operating expenses | FY2022 | $10.00M – $12.00M | Raised |
| Oct 31, 2022 | cash G&A | FY2022 | $36.00M – $38.00M | Raised |
| Oct 31, 2022 | non-cash G&A | FY2022 | $13.00M – $15.00M | Lowered |
| Aug 1, 2022 | production volumes | FY2022 | 34 – 37 | Reaffirmed |
| Feb 22, 2022 | Percentage natural gas | FY2022 | 72% | New |
| Feb 22, 2022 | Mineral and royalty production (MBoe/d) | FY2022 | 31 – 33 | New |
| Feb 22, 2022 | Working interest production (MBoe/d) | FY2022 | 3 – 4 | Lowered |
| Feb 22, 2022 | Total production (MBoe/d) | FY2022 | 34 – 37 | Raised |
| Feb 22, 2022 | Percentage royalty interest | FY2022 | 90% | Raised |
| Feb 22, 2022 | Production costs and ad valorem taxes (as % of total pre-derivative O&G revenue) | FY2022 | 10% – 12% | Lowered |
| Feb 22, 2022 | Lease bonus and other income ($MM) | FY2022 | $10.00M – $12.00M | New |
| Feb 22, 2022 | Lease operating expense ($MM) | FY2022 | $10.00M – $12.00M | Reaffirmed |
| Feb 22, 2022 | G&A - cash ($MM) | FY2022 | $36.00M – $38.00M | Raised |
| Feb 22, 2022 | G&A - non-cash ($MM) | FY2022 | $13.00M – $15.00M | Lowered |
| Feb 22, 2022 | G&A - TOTAL ($MM) | FY2022 | $49.00M – $53.00M | Raised |
| Feb 22, 2022 | DD&A ($/Boe) | FY2022 | $4 – $5 | Lowered |
| Nov 1, 2021 | total production | FY2021 | 34.5 – 37 | New |
| Nov 1, 2021 | production costs as a percentage of oil and gas revenues | FY2021 | 10% – 12% | New |
| Nov 1, 2021 | lease operating expenses | FY2021 | $10.00M – $12.00M | New |
| Nov 1, 2021 | cash G&A | FY2021 | $33.00M – $34.00M | Raised |
| Nov 1, 2021 | non-cash G&A | FY2021 | $10.00M – $12.00M | Lowered |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Black Stone Minerals, L.P. filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Update
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
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