Black Stone Minerals LP (BSM)
NYSE:BSM
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BSM Stock Chart & Stats
$13.67
$0.02(0.14%)
At close: 4:00 PM EST
$13.67
$0.02(0.14%)
Day’s Range― - ―
52-Week Range$11.78 - $15.49
Previous CloseN/A
Volume107.77K
Average Volume (3M)389.60K
Market Cap
$2.94B
Enterprise Value$3.11B
Total Cash (Recent Filing)$11.60M
Total Debt (Recent Filing)$187.00M
Price to Earnings (P/E)60.5
Beta0.23
Next Earnings
Aug 03, 2026EPS Estimate
0.22Next Dividend Ex-DateN/A
Dividend Yield9.94%
Share Statistics
EPS (TTM)1.27
Shares Outstanding212,499,330
10 Day Avg. Volume336,401
30 Day Avg. Volume389,602
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)2.50
Price to Sales (P/S)6.66
P/FCF Ratio9.43
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue6.65
Enterprise Value/Gross Profit8.52
Enterprise Value/Ebitda6.54
Forecast
1Y Price Target
$14.00Price Target Upside2.41% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.9
Revenue Forecast (FY)$461.90M
Bulls Say, Bears Say
Bulls Say
High Profitability & MarginsVery high gross and net margins reflect the royalty business model's low operating cost structure, enabling durable profit retention even when top-line swings occur. Sustained strong operating results support ongoing distributions, reinvestment in acreage, and resilience through commodity cycles.
Conservative Balance SheetLow relative leverage and sizable equity provide flexibility to fund acquisitions and withstand downturns without immediate liquidity stress. This conservative structure underpins long-term capital allocation, supports distributions, and reduces refinancing risk across multi-year commodity cycles.
Consistent Cash Generation & DCF CoveragePositive and recurring distributable cash flow with coverage above 1.0x indicates the cash model can fund the declared distribution sustainably. Reliable DCF from royalties and steady operator drilling activity support long-term payout credibility and capacity for targeted acreage deployment.
Bears Say
Commodity-Driven Revenue VolatilityRoyalties tie revenues directly to commodity prices and operator activity, so multi-year production dips and price swings materially affect cash flow and funding for acquisitions. Persistent weakness could erode free cash flow and pressure distributions over a 2–6 month to multi-year horizon.
Rising Debt LevelA step-up in leverage reduces financial flexibility and heightens sensitivity to lower cash flow during commodity downturns. Higher debt servicing needs can constrain capital deployment for acreage purchases or force distribution adjustments if DCF weakens, affecting multi-quarter resilience.
Operator Operational RiskAs a non-operator royalty owner, BSM depends on third-party operators. A loss-of-well-control can delay production, raise remediation costs, or lead to well abandonment, reducing near-term volumes and cash receipts. Operator incidents can have prolonged local development impacts.
Black Stone Minerals News
BSM FAQ
What was Black Stone Minerals LP’s price range in the past 12 months?
Black Stone Minerals LP lowest stock price was $11.78 and its highest was $15.49 in the past 12 months.
What is Black Stone Minerals LP’s market cap?
Black Stone Minerals LP’s market cap is $2.94B.
When is Black Stone Minerals LP’s upcoming earnings report date?
Black Stone Minerals LP’s upcoming earnings report date is Aug 03, 2026 which is in 68 days.
How were Black Stone Minerals LP’s earnings last quarter?
Black Stone Minerals LP released its earnings results on May 04, 2026. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.21 by -$0.18.
Is Black Stone Minerals LP overvalued?
According to Wall Street analysts Black Stone Minerals LP’s price is currently Undervalued.
Does Black Stone Minerals LP pay dividends?
Black Stone Minerals LP pays a Quarterly dividend of $0.3 which represents an annual dividend yield of 9.94%. See more information on Black Stone Minerals LP dividends here
What is Black Stone Minerals LP’s EPS estimate?
Black Stone Minerals LP’s EPS estimate is 0.22.
How many shares outstanding does Black Stone Minerals LP have?
Black Stone Minerals LP has 212,499,330 shares outstanding.
What happened to Black Stone Minerals LP’s price movement after its last earnings report?
Black Stone Minerals LP reported an EPS of $0.03 in its last earnings report, missing expectations of $0.21. Following the earnings report the stock price went down -3.865%.
Which hedge fund is a major shareholder of Black Stone Minerals LP?
Currently, no hedge funds are holding shares in BSM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Black Stone Minerals Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$14.00 (2.41% Upside)
$14.00 (2.41% Upside)
Blogger Sentiment
Bullish
BSM Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 27.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $111.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 0.3%
Last 30 Days ▼ 0.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.19%
12-Months-Change
Fundamentals
Return on Equity
26.86%
Trailing 12-Months
Asset Growth
8.04%
Trailing 12-Months
Company Description
Black Stone Minerals LP
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2021, the company had a total estimated proved oil and natural gas reserves of 59,824 barrels of oil equivalent. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.
BSM Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance with a notable quarter-over-quarter production increase (16%), solid cash flow (DCF $76.5M) and continued capital deployment (> $250M since 2023), along with encouraging well results (Congo wells ~30 MMcf/d) and active drilling across multiple basins. Negative elements were primarily short-term and situational: a loss of well control incident at one operator under investigation, significant commodity price volatility that temporarily pressured realizations, and uncertainty about near-term operator responses to pricing. Management maintained 2026 guidance and emphasized confidence in long-term growth, suggesting the positives materially outweigh the near-term headwinds.View all BSM earnings summariesBSM Stock 12 Month Forecast
Average Price Target
$14.00
▲(2.41% Upside)
Technical Analysis
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Ownership Overview
16.40% Insiders
1.19% Mutual Funds
9.63% Other Institutional Investors
71.35% Public Companies and
Individual Investors