BSM
Black Stone Minerals, L.P.
NYSE · USEnergyOil & Gas Exploration & Production
$14.24-0.49%
Price as of Jul 20, 2026
BSM financials
Black Stone Minerals, L.P. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $422.3M | $439.4M | $501.1M | $784.3M |
| Cost of revenue | $106.1M | $104.5M | $114.0M | $126.4M |
| Gross profit | $316.3M | $335.0M | $387.1M | $657.9M |
| Operating expenses | $55.5M | $61.8M | -$36.5M | $175.4M |
| Operating income | $260.8M | $273.1M | $423.6M | $482.5M |
| Net income | $299.9M | $271.3M | $422.5M | $476.5M |
| EBITDA | $347.1M | $319.6M | $471.0M | $530.6M |
| Basic EPS | $1.28 | $1.15 | $1.91 | $2.18 |
| Diluted EPS | $1.28 | $1.15 | $1.88 | $2.12 |
| Balance sheet | ||||
| Cash & equivalents | $1.5M | $2.5M | $70.3M | $4.3M |
| Total assets | $1.3B | $1.2B | $1.3B | $1.3B |
| Total liabilities | $207.1M | $89.5M | $49.5M | $61.3M |
| Stockholders’ equity | $1.1B | $1.1B | $1.2B | $1.2B |
| Total debt | $154.0M | $25.0M | $0.00 | $10.0M |
| Net debt | $152.5M | $22.5M | -$70.3M | $5.7M |
| Cash flow | ||||
| Operating cash flow | $310.2M | $389.0M | $521.3M | $425.0M |
| Capital expenditure | -$11.8M | -$4.2M | -$19.8M | -$12.6M |
| Free cash flow | $298.4M | $384.8M | $501.4M | $412.4M |
| Dividends paid | -$315.1M | -$365.1M | -$419.8M | -$343.4M |
| Share repurchases | -$3.8M | -$4.4M | -$5.5M | -$3.0M |