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) Net margin

Alert me on Net margin

Black Stone Minerals, L.P.'s net margin over the twelve months to 30 September 2026 was 50.3%, down 7.2 percentage points from fiscal 2025 (57.6%). Over the past ten years it has ranged from −27.5% (fiscal 2015) to 68.6% (fiscal 2022); the current reading is higher than 82% of that period. That is above the Oil & Gas E&P industry median of 14.1% and above the Energy sector median of 8.44%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 57.6% 1.79
FY2024 55.8% (11.90)
FY2023 67.7% (0.97)
FY2022 68.6% 23.83
FY2021 44.8% 15.40
FY2020 29.4% (10.23)
FY2019 39.6% (5.39)
FY2018 45.0% 9.62
FY2017 35.4% 29.88
FY2016 5.53% 33.02

Quarterly newest first

Period Net margin Change (points)
Sep 2026 45.1% (21.33)
Jun 2026 66.5% 56.50
Mar 2026 9.95% (44.69)
Dec 2025 54.6% (9.04)
43 more quarters

Against its own ten years

Low −27.5% High 68.6%
Ten-year median 44.8%
Current reading's percentile 63

Net margin against peers

Company Net margin
BSM Black Stone Minerals, L.P. 50.3%
GPOR Gulfport Energy Corporation compare 31.7%
KRP Kimbell Royalty compare 21.3%
CRK Comstock Resources, Inc. compare 19.9%
BKV BKV Corporation compare 14.9%
CRGY Crescent Energy Company compare 1.30%
CRC California Resources Corporation compare −18.1%
TALO Talos Energy Inc. compare −18.4%
NOG Northern Oil and Gas, Inc. compare −25.4%
Oil & Gas E&P industry median 14.1%
Energy sector median 8.44%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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