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.
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Black Stone Minerals, L.P. (BSM) P/E ratio
As of 16 October 2026, Black Stone Minerals, L.P. (BSM) trades at a P/E ratio of 12.4×. Over the past ten years it has ranged from 0.0× (December 2016) to 214× (January 2017); the current reading is higher than 57% of that period. That is above the Oil & Gas E&P industry median of 11.0× and below the Energy sector median of 13.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 10.4× | (17.51%) |
| FY2024 | 12.6× | 50.34% |
| FY2023 | 8.4× | 15.27% |
| FY2022 | 7.3× | (45.86%) |
| FY2021 | 13.4× | (3.60%) |
| FY2020 | 13.9× | 5.03% |
| FY2019 | 13.3× | 24.11% |
| FY2018 | 10.7× | (42.89%) |
| FY2017 | 18.7× | (91.18%) |
| FY2016 | 212× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 11.5× | (3.02%) |
| Mar 2026 | 11.9× | 14.67% |
| Dec 2025 | 10.4× | (8.34%) |
| Sep 2025 | 11.3× | 1.32% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| TALO Talos Energy Inc. compare | n/m |
| CRC California Resources Corporation compare | n/m |
| VET Vermilion Energy Inc. compare | n/m |
| NOG Northern Oil and Gas, Inc. compare | n/m |
| GPOR Gulfport Energy Corporation compare | 6.6× |
| CRK Comstock Resources, Inc. compare | 7.8× |
| BKV BKV Corporation compare | 8.3× |
| BSM Black Stone Minerals, L.P. | 12.4× |
| KRP Kimbell Royalty compare | 19.4× |
| Oil & Gas E&P industry median | 11.0× |
| Energy sector median | 13.9× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)