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Friday 6 November 2026 Export BSM’s income statement to Excel — free account

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

14.36 0.15 −1.03%
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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Black Stone Minerals, L.P. (BSM) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Black Stone Minerals, L.P. (BSM) trades at a EV/EBITDA of 10.9×. Over the past ten years it has ranged from 0.0× (June 2016) to 324× (January 2016); the current reading is higher than 59% of that period. That is above the Oil & Gas E&P industry median of 4.6× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 8.6× (11.75%)
FY2024 9.7× 38.39%
FY2023 7.0× 12.88%
FY2022 6.2× (30.42%)
FY2021 8.9× 28.03%
FY2020 7.0× (19.80%)
FY2019 8.7× 8.70%
FY2018 8.0× (40.20%)
FY2017 13.4× (55.76%)
FY2016 30.2× (89.92%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 10.9× 15.23%
Jun 2026 9.5× (3.20%)
Mar 2026 9.8× 14.15%
Dec 2025 8.6× (4.23%)
43 more quarters

Against its own ten years

Low 0.0× High 324×
Ten-year median 9.7×
Current reading's percentile 59

EV/EBITDA against peers

Company EV/EBITDA
CRC California Resources Corporation compare n/m
CRGY Crescent Energy Company compare 3.1×
GPOR Gulfport Energy Corporation compare 3.8×
TALO Talos Energy Inc. compare 4.1×
BKV BKV Corporation compare 4.7×
CRK Comstock Resources, Inc. compare 5.7×
KRP Kimbell Royalty compare 7.7×
BSM Black Stone Minerals, L.P. 10.9×
NOG Northern Oil and Gas, Inc. compare 15.0×
Oil & Gas E&P industry median 4.6×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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