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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Black Stone Minerals, L.P. (BSM) trades at a price to free cash flow of 10.1×. Over the past ten years it has ranged from 2.1× (March 2020) to 31.6× (January 2017); the current reading is higher than 62% of that period. That is above the Oil & Gas E&P industry median of 8.4× and above the Energy sector median of 8.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 9.4× 18.15%
FY2024 8.0× 22.44%
FY2023 6.5× (16.43%)
FY2022 7.8× (8.56%)
FY2021 8.5× 167.02%
FY2020 3.2× (50.45%)
FY2019 6.4× (28.93%)
FY2018 9.1× (33.77%)
FY2017 13.7× (56.44%)
FY2016 31.4× 191.15%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 10.1× 4.05%
Jun 2026 9.7× (9.90%)
Mar 2026 10.7× 14.11%
Dec 2025 9.4× 10.91%
43 more quarters

Against its own ten years

Low 2.1× High 31.6×
Ten-year median 9.2×
Current reading's percentile 62

Price to free cash flow against peers

Company Price to free cash flow
BKV BKV Corporation compare n/m
CRK Comstock Resources, Inc. compare n/m
NOG Northern Oil and Gas, Inc. compare n/m
CRGY Crescent Energy Company compare 1.4×
TALO Talos Energy Inc. compare 5.2×
BSM Black Stone Minerals, L.P. 10.1×
CRC California Resources Corporation compare 12.0×
KRP Kimbell Royalty compare 12.7×
GPOR Gulfport Energy Corporation compare 39.2×
Oil & Gas E&P industry median 8.4×
Energy sector median 8.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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