Black Stone Minerals, L.P.
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
About Black Stone Minerals, L.P.
Crude Petroleum & Natural Gas, SIC 1311
Black Stone Minerals, L.P. is an energy company that owns and manages mineral and royalty interests in oil and natural gas properties. Its asset portfolio comprises mineral rights, nonparticipating royalty interests, and overriding royalty interests, alongside working interests in select acreage. The partnership operates by leasing its mineral rights to third-party exploration and production operators rather than drilling or operating wells itself, deriving revenues through royalties from hydrocarbon extraction as well as lease bonuses and delay rental payments.
The partnership holds property interests across prominent resource basins and producing regions throughout the United States, including assets situated in Texas, Louisiana, and Mississippi. Black Stone Minerals, L.P. is organized under the laws of Delaware and conducts its primary management activities from its principal executive offices in Houston, Texas.
Summary of the business section of Black Stone Minerals, L.P.'s latest annual report, written by StockData.
Company profile
Company
- Legal name
- Black Stone Minerals, L.P.
- Headquarters
- Houston, TX
- Address
- 1001 Fannin Street, Suite 2020 77022
- Phone
- (713) 658-0647
- Employees
- 122, Dec 31, 2025
- Industry
- Crude Petroleum & Natural Gas
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Houston, Texas
Stock & identifiers
- Ticker
- BSM
- Exchange
- NYSE
- Shares outstanding
- 227M, Jul 31, 2026
- Public float
- $2.28B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1621434
- CUSIP
- 09225M101
- ISIN
- US09225M1018
- EIN
- 47-1846692
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Thomas L. Carter Jr | Executive Chairman, Director | 15,457,747 |
| Fowler Carter | Co-CEO and President, Director | 125,704 |
| Taylor DeWalch | Co-CEO and President, Director | 141,369 |
| Luke Stevens Putman | SVP, General Counsel, and Sec | 732,031 |
| Chris Bonner | SVP, CFO, and Treasurer | 51,108 |
| Erin Leah Phillips | Controller (PAO) | 3,911 |
| Carrie Pearson Clark | SVP, Chief Commercial Officer | 165,857 |
| Alexander D. Stuart | Director | 6,576,256 |
| James Whitehead | Director | 4,104,569 |
| Jerry V. Kyle Jr. | Director | 934,424 |
| William E. Randall | Director | 1,962,441 |
| Anne Lenoir Hamman | Director | 511,131 |
| D. Mark DeWalch | Director | 1,111,643 |
| Ashley J. Longmaid | Director | 137,335 |
| Michael C. Linn | Director | 208,150 |
| Carin Marcy Barth | Director | 150,210 |
| William N. Mathis | Director | 2,271,376 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Thomas L. Carter | $4.79M | $4.80M | $1.89M | $328 | $247 |
| FY2024 Thomas L. Carter | $4.73M | $4.90M | $1.52M | $327 | $252 |
| FY2023 Thomas L. Carter | $4.55M | $4.85M | $1.43M | $322 | $254 |
| FY2022 Thomas L. Carter | $4.85M | $11.02M | $2.24M | $303 | $244 |
| FY2021 Thomas L. Carter | $4.85M | $8.16M | $1.77M | $168 | $168 |
| FY2020 Thomas L. Carter | $2.81M | $284.77K | $1.50M | $57 | $64 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, Black Stone Management had 122 full-time employees and 7 contractors.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Feb 28, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 29, 2017 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 21, 2016 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Apr 28, 2015 | Listing | Registration of securities on an exchange (Form 8-A) |