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Black Stone Minerals LP (BSM)

US · Energy · Oil & Gas E&P

$14.80+0.20%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$122.1M
Revenue YoY
+14.4%
Net profit
$106.4M
Profit YoY
-11.4%
EPS
$0.47
EPS estimate
$0.22
Net margin
87.1%

EPS came in at 0.47 against a street estimate of 0.22 — a beat of 113.6%.

Key statistics

Market cap
$3.19B
P/E
12.5
Forward P/E
12.5
P/B
2.86
Book value
$3.82
EPS (TTM)
$1.20
Dividend yield
8.17%
52-week high
$15.10
52-week low
$11.29
50-day MA
$14.54
200-day MA
$14.35
Beta
0.02

Analyst view

Analysts rate Black Stone Minerals LP a hold (0 buy, 3 hold, 0 sell out of 3) with an average price target of $16.00.

From the latest earnings call · 2026-08-04

CONFIDENT BSM grew Q2 distributions 7% on strong oil prices and diversified portfolio; Shelby Trough/Haynesville ramping with three operators, another likely soon. Production dipped Q2 but management expects trajectory reversal from development wells coming online. Q2 2026 Shelby Trough rig count increased significantly Q2. Management sees inventory depletion in legacy Haynesville driving operator focus to expansion acreage near Gulf Coast demand centers. Analysts pressed on distribution confidence (Taylor cited oil outlook + gas ramp), fourth operator timeline (nearly signed), and leverage/preferred debt (mgmt prioritizes acquisitions, will evaluate refinance window next year). Management signaled visibility into near-term wells and operator momentum but avoided specific production/EPS targets. 2026-08-04…

Full summary in the app.

Shareholding

Insiders
21.36%
Institutions
19.42%

Largest institutional holders

FundStake
Morgan Stanley - Brokerage Accounts3.89%
William Marsh Rice University2.66%
FMR Inc2.13%
Bank of America Corp0.99%
Penn Davis Mcfarland Inc0.92%
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV0.87%
Natixis SA0.74%
Ameriprise Financial Inc0.56%

Recent filings & reports

DocumentDate
Quarterly report · Q2 2026
BLACK STONE MINERALS, L.P. — Q2 2026 10-Q SUMMARY --- HEADLINE NUMBERS • Total Assets: $1,365,911 thousand (June 30, 2026) vs. $1,335,554 thousand
2026-08-04
Results announced · Q3 2026
BLACK STONE MINERALS, L.P. – Q2 2026 RESULTS SUMMARY HEADLINE NUMBERS • Net income for Q2 2026: $106.4 million (vs. $120.0 million in Q2 2025) • Adj
2026-08-04
Shareholder vote results · Q2 2026
BLACK STONE MINERALS, L.P. – FORM 8-K SUMMARY HEADLINE NUMBERS • Annual meeting of limited partners held June 11, 2026 via live webcast • Total vote
2026-06-16
Quarterly report · Q1 2026
BLACK STONE MINERALS, L.P. – FORM 10-Q SUMMARY For Quarter Ended March 31, 2026 --- HEADLINE NUMBERS • Total Assets: $1,338,416 thousand ($1.34 bil
2026-05-05
Results announced · Q2 2026
BLACK STONE MINERALS, L.P. – Q1 2026 RESULTS SUMMARY HEADLINE NUMBERS • Production: 37.0 MBoe/d total (35.9 MBoe/d mineral & royalty); up 16% from p
2026-05-05
Proxy statement · Q2 2026
PROXY STATEMENT SUMMARY FOR BLACK STONE MINERALS, L.P. WHAT SHAREHOLDERS ARE VOTING ON • Proposal 1: Elect seven directors to the Board of Directors
2026-04-30
Annual report FY2025
BLACK STONE MINERALS, L.P. — 2025 FORM 10-K SUMMARY HEADLINE NUMBERS • Company: Black Stone Minerals, L.P. (ticker: BSM), Delaware limited partnersh
2026-02-24
Results announced · Q1 2026
BLACK STONE MINERALS, L.P. – 2025 RESULTS & 2026 GUIDANCE HEADLINE NUMBERS • Q4 2025 Production: 32.1 MBoe/d total (30.9 MBoe/d mineral and royalty;
2026-02-24

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.32 / share
ex-date Aug 6, 2026 · pay Aug 13, 2026
2026-08-06
Dividend$0.30 / share
ex-date May 8, 2026 · pay May 15, 2026
2026-05-08
Dividend$0.30 / share
ex-date Feb 18, 2026 · pay Feb 25, 2026
2026-02-18
Dividend$0.30 / share
ex-date Nov 6, 2025 · pay Nov 13, 2025
2025-11-06

Deals & corporate news

AnnouncementDate
Fourth quarter 2025 results and 2026 summary guidance provided
Black Stone Minerals, L.P. filed an 8-K on February 23, 2026, to disclose its fourth quarter 2025 and full year 2025 financial and operating results via press release. The company also provi
2026-02-24

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Data updated 2026-09-18.