Black Stone Minerals, L.P. (BSM) Earnings History
Annual and quarterly earnings data from 2012 to 2025
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BSM EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BSM Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 74.9% | 61.8% | 71.0% |
| 2024 | 76.2% | 62.2% | 61.7% |
| 2023 | 77.2% | 84.5% | 84.3% |
| 2022 | 83.9% | 61.5% | 60.8% |
| 2021 | 75.5% | 37.0% | 36.0% |
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Black Stone Minerals, L.P. (BSM) Earnings Overview
As of May 8, 2026, Black Stone Minerals, L.P. (BSM) reported trailing twelve-month net income of $297M, reflecting +11.3% year-over-year growth. The company earned $1.40 per diluted share over the past four quarters, with a net profit margin of 71.0%.
Looking at the long-term picture, BSM's 5-year EPS compound annual growth rate (CAGR) stands at +21.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $476M in fiscal 2022.
Black Stone Minerals, L.P. maintains industry-leading profitability with a gross margin of 74.9%, operating margin of 61.8%, and net margin of 71.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including VNOM (-$46M net income, -5.1% margin), TPL ($504M net income, 60.3% margin), DMLP ($69M net income, 37.5% margin), BSM has outperformed on profitability metrics. Compare BSM vs VNOM →
BSM Earnings vs Peers
Earnings metrics vs comparable public companies
BSM Historical Earnings Data (2012–2025)
14 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $300M | +10.5% | $261M | $1.28 | 71.0% | 61.8% |
| 2024 | $271M | -35.8% | $273M | $1.15 | 61.7% | 62.2% |
| 2023 | $423M | -11.3% | $424M | $1.88 | 84.3% | 84.5% |
| 2022 | $476M | +161.8% | $482M | $2.12 | 60.8% | 61.5% |
| 2021 | $182M | +49.4% | $187M | $0.77 | 36.0% | 37.0% |
| 2020 | $122M | -43.2% | $132M | $0.49 | 41.1% | 44.5% |
| 2019 | $214M | -27.5% | $235M | $1.01 | 43.5% | 47.7% |
| 2018 | $296M | +88.0% | $318M | $1.36 | 48.5% | 52.2% |
| 2017 | $157M | +678.2% | $172M | $1.01 | 36.6% | 40.1% |
| 2016 | $20M | +120.2% | $27M | $0.26 | 7.7% | 10.5% |
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Start ComparisonBSM — Frequently Asked Questions
Quick answers to the most common questions about buying BSM stock.
Is BSM growing earnings?
BSM EPS stands at $1.40, with +11.3% growth matching the 5-year CAGR of +21.2%. TTM net income is $297M. Earnings trajectory remains consistent.
What are BSM's profit margins?
Black Stone Minerals, L.P. net margin is +71.0%, with operating margin at +61.8%. Above-average margins indicate pricing power.
How consistent are BSM's earnings?
BSM earnings data spans 2012-2025. The current earnings trend is +11.3% YoY. Historical data enables comparison across business cycles.