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. In the quarter to June 2026, revenue fell 6.60%, EPS fell 11.3%, free cash flow grew 10.1% and total debt rose 98.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow BSM
Black Stone Minerals, L.P. (BSM) EV/Sales
As of 16 October 2026, Black Stone Minerals, L.P. (BSM) trades at a EV/Sales of 7.4×. Over the past ten years it has ranged from 2.2× (April 2020) to 15.3× (January 2017); the current reading is higher than 63% of that period. That is above the Oil & Gas E&P industry median of 2.6× and above the Energy sector median of 2.3×.
EV/Sales, daily
Embed this chart
Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 6.3× | (11.67%) |
| FY2024 | 7.1× | 28.32% |
| FY2023 | 5.6× | 11.77% |
| FY2022 | 5.0× | (19.77%) |
| FY2021 | 6.2× | 41.88% |
| FY2020 | 4.4× | (28.98%) |
| FY2019 | 6.2× | 6.28% |
| FY2018 | 5.8× | (35.20%) |
| FY2017 | 8.9× | (40.98%) |
| FY2016 | 15.2× | 111.82% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 6.9× | (4.42%) |
| Mar 2026 | 7.2× | 14.16% |
| Dec 2025 | 6.3× | (4.45%) |
| Sep 2025 | 6.6× | 0.80% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| TALO Talos Energy Inc. compare | 1.8× |
| CRC California Resources Corporation compare | 1.9× |
| BKV BKV Corporation compare | 2.0× |
| VET Vermilion Energy Inc. compare | 2.4× |
| GPOR Gulfport Energy Corporation compare | 2.5× |
| NOG Northern Oil and Gas, Inc. compare | 2.9× |
| CRK Comstock Resources, Inc. compare | 3.3× |
| KRP Kimbell Royalty compare | 5.9× |
| BSM Black Stone Minerals, L.P. | 7.4× |
| Oil & Gas E&P industry median | 2.6× |
| Energy sector median | 2.3× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)