Black Stone Minerals, L.P. (New York Stock Exchange:BSM)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Keeps a healthy share of every dollar it sells.
- Revenue
- $483.7M
- Net income
- $283.6M
- Net margin
- 58.6%
Little or no net debt.
- Total debt
- $196.0M
- Cash
- $1.7M
- Net debt / EBITDA
- 0.58x
Comfortably covers what is due within a year.
- Current assets
- $89.0M
- Current liabilities
- $23.7M
- Current ratio
- 3.76
The business funds itself from operations.
- Operating cash flow
- $320.4M
- Free cash flow
- $258.5M
- FCF margin
- 53.5%
Not funding itself by issuing shares.
- Shares outstanding
- 212.5M
- Share growth (1y)
- 0.4%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BSM Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 122.12 M | 188.46 M | 95.18 M | 77.90 M | 106.71 M | 115.25 M |
| Revenue Growth (YoY) | 14.44 % | 63.52 % | -8.74 % | -24.51 % | -7.35 % | -1.31 % |
| Cost of Revenue | 22.83 M | 25.89 M | 29.77 M | 26.08 M | 21.20 M | 21.48 M |
| Gross Profit | 99.30 M | 162.57 M | 65.41 M | 51.81 M | 85.51 M | 93.78 M |
| SG&A Expense | 16.08 M | 16.83 M | 14.08 M | 12.29 M | 13.92 M | 15.17 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 16.08 M | 16.83 M | 14.08 M | 12.29 M | -36.77 M | 76.61 M |
| Operating Income | 83.22 M | 145.74 M | 51.33 M | 39.53 M | 122.28 M | 17.16 M |
| Pretax Income | 106.36 M | 13.27 M | 72.23 M | 91.73 M | 120.03 M | 15.95 M |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 106.36 M | 13.27 M | 72.23 M | 91.73 M | 120.03 M | 15.95 M |
| EPS (Basic) | 0.47 | 0.03 | 0.31 | 0.40 | 0.53 | 0.04 |
| EPS (Diluted) | 0.47 | 0.03 | 0.31 | 0.40 | 0.53 | 0.04 |
| Shares Outstanding | 212.48 M | 212.37 M | 211.87 M | 211.60 M | 211.69 M | 211.25 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.