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

14.04 0.04 +0.29%
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

Alert me on Free cash flow

Black Stone Minerals, L.P.'s free cash flow for fiscal 2025 was $298.9M, down 22.6% from $386.2M in fiscal 2024. Over the twelve months to 30 September 2026 it was $302.6M. Over the past ten years it has ranged from $116.3M (fiscal 2016) to $516.1M (fiscal 2023); the current reading is higher than 45% of that period. Black Stone Minerals, L.P. ranks 23rd of 68 Oil & Gas E&P companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $298.9M (22.59%)
FY2024 $386.2M (25.17%)
FY2023 $516.1M 21.75%
FY2022 $423.9M 67.82%
FY2021 $252.6M (41.67%)
FY2020 $433.1M 6.37%
FY2019 $407.1M 17.79%
FY2018 $345.7M 36.48%
FY2017 $253.3M 117.87%
FY2016 $116.3M (54.59%)

Quarterly newest first

Period Free cash flow Change
Sep 2026 $94.9M 9.69%
Jun 2026 $86.5M 39.30%
Mar 2026 $62.1M 5.28%
Dec 2025 $59.0M (40.60%)
43 more quarters

Against its own ten years

Low $116.3M High $516.1M
Ten-year median $345.7M
Current reading's percentile 45

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

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

The full definition of Free cash flow →

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