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) Return on invested capital

Alert me on Return on invested capital

Black Stone Minerals, L.P.'s return on invested capital over the twelve months to 30 September 2026 was 12.6%, down 2.5 percentage points from fiscal 2025 (15.1%). Over the past ten years it has ranged from −6.22% (fiscal 2015) to 24.8% (fiscal 2022); the current reading is higher than 82% of that period. That is above the Oil & Gas E&P industry median of 6.33% and above the Energy sector median of 5.43%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 15.1% 0.23
FY2024 14.8% (8.26)
FY2023 23.1% (1.73)
FY2022 24.8% 14.57
FY2021 10.2% 3.23
FY2020 7.01% (2.90)
FY2019 9.91% (2.47)
FY2018 12.4% 5.08
FY2017 7.30% 5.64
FY2016 1.66% 7.88

Against its own ten years

Low −6.22% High 24.8%
Ten-year median 10.2%
Current reading's percentile 82

Return on invested capital against peers

Company Return on invested capital
GPOR Gulfport Energy Corporation compare 14.9%
BSM Black Stone Minerals, L.P. 12.6%
CRGY Crescent Energy Company compare 8.47%
BKV BKV Corporation compare 8.14%
KRP Kimbell Royalty compare 6.79%
CRK Comstock Resources, Inc. compare 5.74%
TALO Talos Energy Inc. compare −0.18%
NOG Northern Oil and Gas, Inc. compare −6.22%
CRC California Resources Corporation compare −8.22%
Oil & Gas E&P industry median 6.33%
Energy sector median 5.43%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on BSM