Black Stone Minerals, L.P. (BSM) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 188.46M | 95.18M | 77.9M | 106.71M | 115.25M | 104.29M | 103.18M | 115.17M | 116.78M | 136.38M | 136.72M | 105.7M | 122.31M | 198.96M | 221.16M | 207.72M | 156.44M | 160.97M | 137.39M | 117.92M |
| Revenue Growth % | 63.52% | -8.74% | -24.51% | -7.35% | -1.31% | -23.52% | -24.53% | 8.96% | -4.52% | -31.46% | -38.18% | -49.12% | -21.82% | 23.6% | 60.97% | 76.15% | 74.9% | 98.57% | 111.93% | 104.36% |
| Cost of Goods Sold | 25.89M | 29.77M | 26.08M | 21.2M | 21.48M | 23.92M | 26.05M | 27.4M | 27.11M | 30.01M | 31.42M | 26.13M | 26.48M | 30.83M | 32.96M | 34.6M | 28.03M | 32.26M | 32.56M | 28.93M |
| COGS % of Revenue | 13.74% | 31.28% | 33.48% | 19.87% | 18.63% | 22.93% | 25.25% | 23.79% | 23.21% | 22.01% | 22.98% | 24.72% | 21.65% | 15.5% | 14.9% | 16.66% | 17.91% | 20.04% | 23.7% | 24.53% |
| Gross Profit | 162.57M | 65.41M | 51.81M | 85.51M | 93.78M | 80.38M | 77.13M | 87.77M | 89.67M | 106.36M | 105.3M | 79.57M | 95.83M | 168.13M | 188.19M | 173.13M | 128.42M | 128.72M | 104.83M | 88.99M |
| Gross Margin % | 86.26% | 68.72% | 66.52% | 80.13% | 81.37% | 77.07% | 74.75% | 76.21% | 76.79% | 77.99% | 77.02% | 75.28% | 78.35% | 84.5% | 85.1% | 83.34% | 82.08% | 79.96% | 76.3% | 75.47% |
| Gross Profit Growth % | 73.36% | -18.62% | -32.83% | -2.57% | 4.57% | -24.43% | -26.75% | 10.31% | -6.42% | -36.74% | -44.05% | -54.04% | -25.38% | 30.62% | 79.53% | 94.54% | 116.51% | 180.63% | 228.21% | 246.79% |
| Operating Expenses | 16.83M | 14.08M | 12.29M | -36.77M | 76.61M | 32.86M | -15.99M | 19.28M | 25.7M | -41.24M | 43.26M | 805K | -39.37M | -16.84M | 17.99M | 40.06M | 134.16M | -6.85M | 87.31M | 71.97M |
| OpEx % of Revenue | 8.93% | 14.79% | 15.77% | -34.46% | 66.48% | 31.5% | -15.5% | 16.74% | 22.01% | -30.24% | 31.64% | 0.76% | -32.19% | -8.47% | 8.13% | 19.28% | 85.76% | -4.26% | 63.55% | 61.03% |
| Selling, General & Admin | 16.83M | 14.08M | 12.29M | 13.92M | 15.17M | 11.8M | 12.8M | 13.39M | 14.09M | 12.51M | 14.45M | 11.85M | 12.65M | 14.33M | 13.04M | 12.52M | 13.76M | 11.39M | 12.32M | 12.19M |
| SG&A % of Revenue | 8.93% | 14.79% | 15.77% | 13.05% | 13.16% | 11.31% | 12.41% | 11.63% | 12.07% | 9.17% | 10.57% | 11.22% | 10.34% | 7.2% | 5.9% | 6.03% | 8.8% | 7.07% | 8.97% | 10.33% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Operating Income | 145.74M | 51.33M | 39.53M | 122.28M | 17.16M | 47.52M | 93.12M | 68.49M | 63.97M | 147.6M | 62.03M | 78.76M | 135.2M | 184.97M | 170.21M | 133.07M | -5.75M | 135.57M | 17.52M | 17.03M |
| Operating Margin % | 77.33% | 53.93% | 50.74% | 114.59% | 14.89% | 45.57% | 90.25% | 59.47% | 54.78% | 108.23% | 45.37% | 74.52% | 110.54% | 92.97% | 76.96% | 64.06% | -3.67% | 84.22% | 12.75% | 14.44% |
| Operating Income Growth % | 749.22% | 8.02% | -57.55% | 78.54% | -73.17% | -67.8% | 50.11% | -13.04% | -52.68% | -20.2% | -63.55% | -40.81% | 2452.11% | 36.45% | 871.5% | 681.55% | -133.39% | 327.84% | -30.55% | 420.4% |
| EBITDA | 155.91M | 60.36M | 49.77M | 131.47M | 26.62M | 58.8M | 104.38M | 79.85M | 75.61M | 159.35M | 74.4M | 89.18M | 146.35M | 197.76M | 182.41M | 144.96M | 5.17M | 150.23M | 32.45M | 32.82M |
| EBITDA Margin % | 82.73% | 63.42% | 63.89% | 123.2% | 23.1% | 56.38% | 101.16% | 69.33% | 64.75% | 116.85% | 54.42% | 84.38% | 119.65% | 99.39% | 82.48% | 69.79% | 3.3% | 93.33% | 23.62% | 27.83% |
| EBITDA Growth % | 485.62% | 2.66% | -52.32% | 64.65% | -64.79% | -63.1% | 40.29% | -10.47% | -48.33% | -19.42% | -59.21% | -38.48% | 2731.22% | 31.64% | 462.23% | 341.65% | -84.26% | 191.68% | -27.98% | 136.49% |
| D&A (Non-Cash Add-back) | 10.17M | 9.03M | 10.24M | 9.19M | 9.46M | 11.28M | 11.26M | 11.36M | 11.64M | 11.75M | 12.37M | 10.42M | 11.15M | 12.79M | 12.21M | 11.89M | 10.92M | 14.67M | 14.93M | 15.8M |
| EBIT | 145.74M | 75.06M | 94.16M | 122.3M | 17.34M | 47.48M | 93.45M | 68.95M | 64.56M | 148.32M | 62.69M | 79.04M | 135.26M | 185.24M | 170.17M | 133.15M | -5.79M | 135.63M | 17.54M | 17.06M |
| Net Interest Income | -3.33M | -2.78M | -2.36M | -2.21M | -1.33M | -940K | -380K | -164K | 41K | 152K | -110K | -272K | -657K | -1.99M | -1.67M | -1.36M | -1.21M | -1.44M | -1.36M | -1.63M |
| Interest Income | 32K | 55K | 62K | 56K | 64K | 190K | 344K | 462K | 670K | 826K | 511K | 373K | 157K | 31K | 20K | 2K | 0 | 1K | 0 | 0 |
| Interest Expense | 3.36M | 2.84M | 2.43M | 2.27M | 1.4M | 1.13M | 724K | 626K | 629K | 674K | 621K | 645K | 814K | 2.02M | 1.69M | 1.36M | 1.21M | 1.44M | 1.36M | 1.63M |
| Other Income/Expense | -132.46M | 20.89M | 52.2M | -2.25M | -1.21M | -1.18M | -389K | -168K | -47K | 45K | 33K | -369K | -756K | -1.75M | -1.73M | -1.28M | -1.25M | -1.37M | -1.34M | -1.6M |
| Pretax Income | 13.27M | 72.23M | 91.73M | 120.03M | 15.95M | 46.35M | 92.73M | 68.32M | 63.93M | 147.65M | 62.07M | 78.39M | 134.44M | 183.22M | 168.47M | 131.79M | -7M | 134.19M | 16.18M | 15.43M |
| Pretax Margin % | 7.04% | 75.88% | 117.76% | 112.48% | 13.84% | 44.44% | 89.87% | 59.32% | 54.74% | 108.26% | 45.4% | 74.17% | 109.92% | 92.09% | 76.18% | 63.44% | -4.48% | 83.36% | 11.78% | 13.08% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 13.27M | 72.23M | 91.73M | 120.03M | 15.95M | 46.35M | 92.73M | 68.32M | 63.93M | 147.65M | 62.07M | 78.39M | 134.44M | 183.22M | 168.47M | 131.79M | -7M | 134.19M | 16.18M | 15.43M |
| Net Margin % | 7.04% | 75.88% | 117.76% | 112.48% | 13.84% | 44.44% | 89.87% | 59.32% | 54.74% | 108.26% | 45.4% | 74.17% | 109.92% | 92.09% | 76.18% | 63.44% | -4.48% | 83.36% | 11.78% | 13.08% |
| Net Income Growth % | -16.78% | 55.84% | -1.08% | 75.68% | -75.05% | -68.61% | 49.4% | -12.85% | -52.45% | -19.41% | -63.16% | -40.52% | 2020.07% | 36.53% | 941.38% | 754.16% | -143.26% | 342.23% | -31.83% | 284.31% |
| Net Income (Continuing) | 13.27M | 72.23M | 91.73M | 120.03M | 15.95M | 46.35M | 92.73M | 68.32M | 63.93M | 147.65M | 62.07M | 78.39M | 134.44M | 183.22M | 168.47M | 131.79M | -7M | 134.19M | 16.18M | 15.43M |
| Discontinued Operations | 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 |
| EPS (Diluted) | 0.03 | 0.31 | 0.40 | 0.53 | 0.04 | 0.18 | 0.41 | 0.29 | 0.27 | 0.65 | 0.27 | 0.35 | 0.60 | 0.82 | 0.75 | 0.59 | -0.06 | 0.60 | 0.05 | 0.05 |
| EPS Growth % | -31.53% | 72.22% | -2.44% | 82.76% | -84.96% | -72.31% | 51.85% | -17.14% | -55% | -20.73% | -64% | -40.68% | 1100% | 36.67% | 1400% | 1080% | -220% | 400% | -44.44% | 171.43% |
| EPS (Basic) | 0.03 | 0.31 | 0.40 | 0.53 | 0.04 | 0.19 | 0.41 | 0.29 | 0.27 | 0.67 | 0.27 | 0.35 | 0.64 | 0.85 | 0.78 | 0.60 | -0.06 | 0.62 | 0.05 | 0.05 |
| Diluted Shares Outstanding | 212.37M | 212.12M | 211.6M | 226.76M | 211.25M | 211.08M | 210.69M | 210.7M | 210.65M | 225.51M | 209.98M | 209.97M | 224.91M | 224.76M | 224.37M | 224.37M | 209.32M | 224.07M | 208.65M | 207.94M |
| Basic Shares Outstanding | 212.37M | 211.87M | 211.6M | 211.69M | 211.25M | 210.69M | 210.69M | 210.7M | 210.65M | 209.99M | 209.98M | 209.97M | 209.94M | 209.41M | 209.4M | 209.4M | 209.32M | 208.66M | 208.65M | 207.94M |
| Dividend Payout Ratio | - | 88% | 69.29% | 66.12% | 496.47% | 170.48% | 85.2% | 115.65% | 156.27% | 67.56% | 160.7% | 127.22% | 74.08% | 51.43% | 52.2% | 63.56% | - | 38.87% | 322.44% | 235.41% |