Black Stone Minerals operates an asset-light royalty model with gross margins between 66.5% and 86.3% across the ten reported quarters and a debt-to-equity ratio of only 0.18 in 2026Q3, which supports a durable distribution base.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 2, 2026 | $0.21-19.2% vs $0.26 | $100M-14.3% vs $116M |
Q3 2026 Aug 3, 2026 | $0.47+104.3% vs $0.23 | $149M+37.6% vs $108M |
Q2 2026 May 4, 2026 | $0.03-86.4% vs $0.22 | $124M+15.4% vs $107M |
Q1 2026 Feb 23, 2026 | $0.31+14.8% vs $0.27 | $119M+20.6% vs $98M |
What happened Black Stone Minerals, L.P. (NYSE: BSM) raised its quarterly distribution 9% to $0.35 per common unit, or $1.40 a year. It is the second straight increase and leaves the payout 17% above the $0.30 per unit for the first quarter. The partnership also widened its development agreement with an affiliate of Caturus Energy,
Black Stone Minerals remains a buy despite a headline earnings miss, as distributable cash flow and coverage improved meaningfully in Q3 2026. BSM's Q3 distributable cash flow rose to $93M, coverage increased to 1.25x, and the distribution per unit was raised to $0.35, yielding about 9.5%. The Caturus agreement expansion and near-term well development underpin forward growth, with a strong balance sheet supporting capital needs.
Black Stone Minerals NYSE: BSM reported higher production, cash flow and distributable cash flow in the third quarter of 2026, supported by increased natural gas volumes from the Haynesville and Bossier formations, higher Permian oil volumes and elevated oil prices.
Black Stone Minerals, L.P. Common Units ( BSM ) Q3 2026 Earnings Call November 3, 2026 10:00 AM EST Company Participants Natalie Gentry Liddell Taylor DeWalch - Co-CEO, President & Director of Black Stone Minerals GP L.L.C.
Benchmark BSM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Black Stone Minerals, L.P. (BSM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.98 | $2.97B | 12.18 | -3.89% | 48.31% | 22.18% | 9.65% | |
| $40.62 | $14.62B | 28.55 | 56.56% | 12.34% | 2.66% | 5.67% | |
| $272.36 | $18.79B | 32.00 | 13.09% | 60.71% | 36.22% | 0.79% | |
| $27.53 | $1.33B | 12.85 | -5.38% | 50.25% | 35.01% | 10.06% | |
| $117.71 | $1.56B | 15.66 | -17.42% | 53.2% | 15.52% | 3.61% | |
| $147.13 | $78.37B | 9.38 | -3.1% | 27.69% | 26.05% | 2.72% |
Black Stone Minerals, L.P. (BSM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Black Stone Minerals, L.P. (BSM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Aug 4, 2026·SEC
Jun 16, 2026·SEC
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Black Stone Minerals, L.P. (BSM) stock FAQ — growth, dividends, profitability & financials explained
Black Stone Minerals, L.P. (BSM) reported $505.5M in revenue over the trailing twelve months. Revenue was $422.3M in fiscal year 2025. That is 14% more than the $369.0M of fiscal year 2012.
Black Stone Minerals, L.P. (BSM) grew revenue by 25.1% over the trailing twelve months, compared with the twelve months before.
Yes. Black Stone Minerals, L.P. (BSM) earned $244.2M in net income over the trailing twelve months (a 48.3% net margin).
Yes. Black Stone Minerals, L.P. (BSM) pays a dividend that yields 9.65% at the current price, a high yield.
Black Stone Minerals, L.P. (BSM) had a return on equity (ROE) of 22.2% over the trailing twelve months. That is well above the market's typical 10-15%.
Black Stone Minerals, L.P. (BSM) generated $253.7M in free cash flow over the trailing twelve months.
