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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 6/3010% above fair value
$13.98+0.31 (+2.27%)

Close on Nov 11, 2026Market cap $3.18BP/E –Yield –

Black Stone Minerals, L.P. grew revenue 5.1% to $459.50M over the twelve months to Jun 30, 2026. Operating income rose 5.6% to $295.66M, moving the operating margin from 64.0% to 64.3%. At the latest close the market valued the company at $3.18B.

Revenue
$459.50M
+5.1% vs. a year earlier
Operating income
$295.66M
+5.6% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026

Valuation

Market cap
$3.18B
P/E ratio
–
Price to sales
6.92
Price to book
–
Dividend yield
–
Free cash flow yield
–

Fundamentals

Revenue
$459.50M

Trading

Next earnings
Feb 23, 2027 (estimated, after the close)
Previous close
$13.67
Open
$13.90
Day's range
$13.71 – $14.00
Volume
352,311
Average volume (20 days)
620,322
Beta (5 years)
0.32
52-week range
$12.95 – $15.49
RSI (14 days)
37.6
Volatility (1 year)
20.8%
Relative volume
0.82×
WACC
7.4%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodBSMS&P 500DifferenceBSM per yearS&P 500 per year
1 month-5.6%-2.4%−3.2 pts
3 months-1.4%-1.2%−0.3 pts
Year to date+12.2%+12.3%−0.1 pts
1 year+9.3%+12.4%−3.2 pts
3 years+7.9%+78.8%−70.9 pts+2.6%+21.4%
5 years+91.2%+75.2%+16.1 pts+13.8%+11.9%
10 years+96.2%+311.1%−214.9 pts+7.0%+15.2%

Fourteen years at a glance

Fiscal years 2012 to 2025 and trailing twelve months, USD

Revenue

$459.50M+5.1% YoY

Operating income

$295.66M+5.6% YoY

Net income

–
Reported periodTrailing twelve months

Press releases

Releases Black Stone Minerals, L.P. filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Black Stone Minerals, L.P.

Crude Petroleum & Natural Gas

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.

Company profile, executives and history

Black Stone Minerals, L.P. stock: common questions

What is Black Stone Minerals, L.P.'s stock price?

BSM closed at $13.98 on Nov 11, 2026, up 2.27% on the day. Over the past 52 weeks it traded between $12.95 and $15.49.

What is Black Stone Minerals, L.P.'s market cap?

Black Stone Minerals, L.P. was worth $3.18B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

How much revenue does Black Stone Minerals, L.P. make?

Black Stone Minerals, L.P. reported revenue of $459.50M for the twelve months to Jun 30, 2026, up 5.1% from a year earlier.

Does Black Stone Minerals, L.P. pay a dividend?

No. Black Stone Minerals, L.P. has not paid a cash dividend over the last twelve months.

When does Black Stone Minerals, L.P. report earnings next?

Black Stone Minerals, L.P. is expected to report Q4 FY2026 results on Feb 23, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has BSM stock performed over the past year?

Including dividends, BSM returned +9.3% over the past year, against +12.4% for the S&P 500.

How many BSM shares are sold short?

3M shares were sold short at the latest FINRA report, 1.69% of the float, or 6.3 days of average trading volume.

Who are Black Stone Minerals, L.P.'s competitors?

Companies most similar to Black Stone Minerals, L.P. by business, industry and size include KRP, DMLP, GRNT, TXO, REPX.

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