Black Stone Minerals, L.P. (BSM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 0 | 95.64M | 85.17M | 93.39M | 88.28M | 78.54M | 109.25M | 114.52M | 146.16M | 193.13M | 166.95M | 171.94M | 183.79M | 173.38M | 160.96M | 155.5M | 107.98M | 107.97M | 93.07M | 71.54M |
| Cash & Short-Term Investments | 11.6M | 1.48M | 6.17M | 2.52M | 2.42M | 2.52M | 20.96M | 26.67M | 40.46M | 70.28M | 56.03M | 46.67M | 19.15M | 4.31M | 838K | 12.16M | 6.65M | 8.88M | 3.26M | 1.04M |
| Cash Only | 11.6M | 1.48M | 6.17M | 2.52M | 2.42M | 2.52M | 20.96M | 26.67M | 40.46M | 70.28M | 56.03M | 46.67M | 19.15M | 4.31M | 838K | 12.16M | 6.65M | 8.88M | 3.26M | 1.04M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 65.57M | 64.37M | 80.03M | 77.94M | 71.09M | 68.12M | 73.83M | 72.43M | 82.25M | 87.72M | 72.36M | 94.19M | 135.7M | 157.89M | 140.57M | 99.46M | 97.14M | 88.3M | 68.38M |
| Days Sales Outstanding | - | 62.8 | 85.27 | 67.35 | 58.19 | 61.4 | 63.28 | 57.78 | 60.27 | 57.33 | 53.86 | 71.7 | 84.58 | 67.88 | 62.08 | 52.58 | 56.55 | 52.99 | 52.46 | 49.26 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.22M | 50.29M | 0 | 31.47M | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | 104.68 | 175.13 | - | 93.9 | - | - | - | - | - | - |
| Other Current Assets | -11.6M | 28.59M | 14.64M | 10.84M | 564K | 4.93M | 20.17M | 14.02M | 33.28M | 40.59M | 1.98M | 2.62M | 70.45M | 1.91M | 0 | 316K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 0 | 1.24B | 1.19B | 1.17B | 1.15B | 1.14B | 1.1B | 1.1B | 1.09B | 1.07B | 1.07B | 1.08B | 1.09B | 1.1B | 1.11B | 1.12B | 1.13B | 1.14B | 1.15B | 1.17B |
| Property, Plant & Equipment | 0 | 1.13M | 1.18B | 1.17B | 1.14B | 1.13B | 1.1B | 1.1B | 1.08B | 1.07B | 1.06B | 1.07B | 1.08B | 1.09B | 1.1B | 1.11B | 1.12B | 1.13B | 1.15B | 1.16B |
| Fixed Asset Turnover | - | 0.16x | 0.07x | 0.09x | 0.10x | 0.09x | 0.09x | 0.11x | 0.11x | 0.13x | 0.13x | 0.10x | 0.11x | 0.18x | 0.20x | 0.19x | 0.14x | 0.14x | 0.12x | 0.10x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 4.13M | 598K | 366K | 14K | 0 | 554K | 0 | 147K | 372K | 0 | 1.23M | 612K | 728K | 0 | 1.97M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 1.23B | 8M | 8.34M | 8.64M | 6.32M | 6.71M | 7.09M | 7.49M | 7.88M | 7.62M | 7.97M | 8.31M | 8.73M | 11.54M | 5.35M | 6.04M | 6.61M | 7.17M | 7.64M |
| Total Assets | 0 | 1.34B | 1.27B | 1.27B | 1.24B | 1.22B | 1.21B | 1.22B | 1.23B | 1.27B | 1.23B | 1.25B | 1.27B | 1.27B | 1.27B | 1.27B | 1.24B | 1.25B | 1.25B | 1.24B |
| Asset Turnover | - | 0.07x | 0.06x | 0.09x | 0.09x | 0.09x | 0.08x | 0.09x | 0.09x | 0.11x | 0.11x | 0.08x | 0.10x | 0.16x | 0.17x | 0.17x | 0.13x | 0.13x | 0.11x | 0.10x |
| Asset Growth % | -100% | 9.57% | 4.75% | 4.19% | 0.58% | -3.79% | -1.72% | -2.68% | -3.14% | -0.33% | -2.89% | -1.76% | 2.67% | 1.86% | 1.93% | 2.45% | 1.01% | 0.32% | -1.06% | -13.66% |
| Total Current Liabilities | 0 | 24.62M | 19.5M | 28.98M | 65.33M | 30.42M | 19.46M | 27.06M | 27.38M | 25.84M | 33.78M | 16.76M | 12.79M | 30.73M | 71.53M | 124.82M | 148.44M | 77.14M | 131.54M | 95.08M |
| Accounts Payable | 0 | 2.82M | 2.63M | 6.88M | 4.8M | 5.95M | 3.74M | 5.63M | 5.84M | 6.27M | 4.5M | 5.6M | 4.96M | 6.77M | 3.04M | 3.59M | 2.38M | 5.94M | 2.21M | 3.32M |
| Days Payables Outstanding | - | 8.42 | 16.76 | 25.06 | 22.52 | 18.63 | 16.55 | 19.05 | 20.33 | 16.51 | 14.79 | 18.39 | 19.94 | 14.65 | 9.25 | 7.85 | 13.37 | 11.62 | 7.81 | 8.71 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 21.8M | 16.87M | 9.6M | 48.71M | 15.59M | 15.72M | 10.83M | 14.16M | 11.53M | 29.28M | 11.16M | 7.82M | 4.39M | 50.38M | 108.13M | 140.1M | 54.46M | 116.09M | 81.84M |
| Current Ratio | - | 3.88x | 4.37x | 3.22x | 1.35x | 2.58x | 5.61x | 4.23x | 5.34x | 7.48x | 4.94x | 10.26x | 14.38x | 5.64x | 2.25x | 1.25x | 0.73x | 1.40x | 0.71x | 0.75x |
| Quick Ratio | - | 3.88x | 4.37x | 3.22x | 1.35x | 2.58x | 5.61x | 4.23x | 5.34x | 7.48x | 4.31x | 7.26x | 14.38x | 4.62x | 2.25x | 1.25x | 0.73x | 1.40x | 0.71x | 0.75x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | 143.75 | 228.43 | - | 147.13 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 182.47M | 125.67M | 136.29M | 108.54M | 59.04M | 25.06M | 29.37M | 28.49M | 23.7M | 26.81M | 20.35M | 20.65M | 30.54M | 77.61M | 105.19M | 91.98M | 107.15M | 129.68M | 123.11M |
| Long-Term Debt | 187M | 154M | 95M | 99M | 63M | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 60M | 86M | 69M | 89M | 99M | 96M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -187M | 28.48M | 30.67M | 37.29M | 45.54M | 34.04M | 25.06M | 29.37M | 28.49M | 23.7M | 26.81M | 20.35M | 20.65M | 20.54M | 17.61M | 19.19M | 22.98M | 18.15M | 30.68M | 27.11M |
| Total Liabilities | 0 | 207.1M | 145.17M | 165.27M | 173.87M | 89.47M | 44.52M | 56.43M | 55.87M | 49.54M | 60.6M | 37.11M | 33.44M | 61.27M | 149.14M | 230M | 240.42M | 184.29M | 261.22M | 218.19M |
| Total Debt | 187M | 154M | 95M | 99M | 63M | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 60M | 86M | 69M | 89M | 99M | 96M |
| Net Debt | 175.4M | 152.52M | 88.83M | 96.48M | 60.58M | 22.48M | -20.96M | -26.67M | -40.46M | -70.28M | -56.03M | -46.67M | -19.15M | 5.69M | 59.16M | 73.84M | 62.35M | 80.12M | 95.74M | 94.96M |
| Debt / Equity | - | 0.14x | 0.08x | 0.09x | 0.06x | 0.02x | - | - | - | - | - | - | - | 0.01x | 0.05x | 0.08x | 0.07x | 0.08x | 0.10x | 0.09x |
| Debt / EBITDA | 1.20x | 2.55x | 1.91x | 0.75x | 2.37x | 0.43x | - | - | - | - | - | - | - | 0.05x | 0.33x | 0.59x | 13.35x | 0.59x | 3.05x | 2.92x |
| Net Debt / EBITDA | 1.13x | 2.53x | 1.78x | 0.73x | 2.28x | 0.38x | -0.20x | -0.33x | -0.54x | -0.44x | -0.75x | -0.52x | -0.13x | 0.03x | 0.32x | 0.51x | 12.06x | 0.53x | 2.95x | 2.89x |
| Interest Coverage | 43.36x | 26.46x | 38.81x | 53.88x | 12.42x | 42.01x | 129.08x | 110.14x | 102.63x | 220.06x | 100.95x | 122.54x | 166.16x | 91.61x | 100.51x | 97.76x | -4.79x | 94.13x | 12.90x | 10.48x |
| Total Equity | 0 | 1.13B | 1.13B | 1.1B | 1.06B | 1.13B | 1.17B | 1.16B | 1.18B | 1.22B | 1.17B | 1.21B | 1.24B | 1.21B | 1.12B | 1.04B | 998.15M | 1.06B | 985.45M | 1.02B |
| Equity Growth % | -100% | -0.37% | -3.69% | -4.98% | -9.43% | -7.22% | -0.43% | -4.35% | -5.04% | 0.62% | 4.62% | 16.36% | 24.05% | 13.74% | 13.82% | 1.82% | -3.73% | 0.44% | -7.3% | -4.65% |
| Book Value per Share | - | 5.30 | 5.32 | 4.86 | 5.04 | 5.35 | 5.55 | 5.51 | 5.58 | 5.40 | 5.59 | 5.78 | 5.51 | 5.38 | 5.00 | 4.65 | 4.77 | 4.75 | 4.72 | 4.92 |
| Total Shareholders' Equity | 0 | 1.13B | 1.13B | 1.1B | 1.06B | 1.13B | 1.17B | 1.16B | 1.18B | 1.22B | 1.17B | 1.21B | 1.24B | 1.21B | 1.12B | 1.04B | 998.15M | 1.06B | 985.45M | 1.02B |
| Common Stock | 0 | 827.98M | 824.74M | 802.14M | 764.49M | 828.96M | 867.82M | 859.99M | 875.32M | 918.21M | 875.02M | 914.88M | 939.87M | 911.45M | 823.23M | 744.33M | 699.79M | 765.27M | 687.08M | 725.69M |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |