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

Black Stone Minerals, L.P. (BSM) Free cash flow margin

Alert me on Free cash flow margin

Black Stone Minerals, L.P.'s free cash flow margin over the twelve months to 30 September 2026 was 70.9%, up 7.3 percentage points from fiscal 2025 (63.6%). Over the past ten years it has ranged from 44.6% (fiscal 2016) to 126.4% (fiscal 2020); the current reading is higher than 36% of that period. That is above the Oil & Gas E&P industry median of 7.72% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 63.6% (25.43)
FY2024 89.1% 1.90
FY2023 87.2% 23.27
FY2022 63.9% (6.43)
FY2021 70.3% (56.04)
FY2020 126.4% 42.89
FY2019 83.5% 26.76
FY2018 56.7% (2.25)
FY2017 59.0% 14.38
FY2016 44.6% (20.59)

Against its own ten years

Low 44.6% High 126.4%
Ten-year median 65.2%
Current reading's percentile 36

Free cash flow margin against peers

Company Free cash flow margin
BSM Black Stone Minerals, L.P. 70.9%
CRGY Crescent Energy Company compare 54.7%
KRP Kimbell Royalty compare 34.3%
TALO Talos Energy Inc. compare 22.8%
CRC California Resources Corporation compare 12.3%
GPOR Gulfport Energy Corporation compare 4.61%
NOG Northern Oil and Gas, Inc. compare −15.3%
CRK Comstock Resources, Inc. compare −18.3%
BKV BKV Corporation compare −33.0%
Oil & Gas E&P industry median 7.72%
Energy sector median 6.87%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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