Black Stone Minerals, L.P.

BSM Energy Oil & Gas E&P

Black Stone Minerals, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $469.9 million, up 8.35% from fiscal 2024.

Revenue
−24.7%
EPS
−38.5%
Free cash flow
−4.44%
Total debt
+105.3%

Quarter to September 2026, against a year earlier

14.03 0.03 +0.21%
Market cap
$3.1B
P/E
13.6×
Fwd P/E
15.4×
Dividend yield
8.84%
F-score
6/9
Altman Z
n/a
Beneish M
−2.72
Dividend safety
20/100

Black Stone Minerals, L.P. (BSM) Debt to equity

Alert me on Debt to equity

Black Stone Minerals, L.P.'s debt to equity at the end of the quarter to 30 September 2026 was 0.2×, up 0.0× from fiscal 2025 (0.1×). Over the past ten years it has ranged from 0.0× (fiscal 2023) to 0.4× (fiscal 2016); the current reading is higher than 64% of that period. That is below the Oil & Gas E&P industry median of 0.3× and below the Energy sector median of 0.4×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 0.1× 517.65%
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× (90.08%)
FY2021 0.1× (26.77%)
FY2020 0.1× (68.18%)
FY2019 0.4× 5.37%
FY2018 0.3× (4.19%)
FY2017 0.4× (18.30%)
FY2016 0.4× 500.69%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.2× 1.42%
Jun 2026 0.2× 1.03%
Mar 2026 0.2× 27.62%
Dec 2025 0.1× 61.73%
43 more quarters

Against its own ten years

Low 0.0× High 0.4×
Ten-year median 0.1×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
BSM Black Stone Minerals, L.P. 0.2×
CRC California Resources Corporation compare 0.4×
BKV BKV Corporation compare 0.5×
GPOR Gulfport Energy Corporation compare 0.6×
KRP Kimbell Royalty compare 0.7×
TALO Talos Energy Inc. compare 0.7×
CRGY Crescent Energy Company compare 0.9×
CRK Comstock Resources, Inc. compare 1.1×
NOG Northern Oil and Gas, Inc. compare 1.4×
Oil & Gas E&P industry median 0.3×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on BSM