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Black Stone Minerals (BSM)
NYSE:BSM
BSM Stock Chart & Stats
$15.23
$0.02(0.14%)
At close: 4:00 PM EST
$15.23
$0.02(0.14%)
Day’s Range― - ―
52-Week Range$11.78 - $15.52
Previous CloseN/A
Volume107.77K
Average Volume (3M)385.42K
Market Cap
$3.23B
Enterprise Value$3.38B
Total Cash (Recent Filing)$1.48M
Total Debt (Recent Filing)$154.00M
Price to Earnings (P/E)11.8
Beta0.40
Next Earnings
May 04, 2026EPS Estimate
0.29Next Dividend Ex-DateN/A
Dividend Yield9.94%
Share Statistics
EPS (TTM)0.31
Shares Outstanding212,333,790
10 Day Avg. Volume447,509
30 Day Avg. Volume385,422
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 Cap1.05
Enterprise Value/Revenue8.57
Enterprise Value/Gross Profit11.41
Enterprise Value/Ebitda9.76
Forecast
1Y Price Target
$13.00Price Target Upside-14.64% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)1.2
Revenue Forecast (FY)$453.07M
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetMinimal leverage and periods of zero debt give Black Stone durable financial flexibility. Low solvency risk supports sustaining distributions, funding seismic and bolt-on acquisitions, and absorbing cyclical revenue swings without forcing asset sales or emergency capital raises over the next 2–6 months.
High-quality Cash GenerationOperating cash flow persistently outpaces net income and free cash flow tracks net income (~94%–99%), indicating strong cash conversion. This durable cash generation underpins distributions, funds acquisitions and seismic programs, and provides a buffer through commodity cycles.
Large Development Agreements & InventoryContracted development commitments across ~500k gross acres and ~$240M of recent acquisitions materially increase long-term development exposure. Firm drilling schedules and operator commitments create visible multi-year production upside that should lift royalties as wells are drilled and produced.
Bears Say
Production And Revenue CyclicalityRoyalty revenues remain highly dependent on third-party operator activity and commodity cycles. An 11% QoQ production drop highlights near-term volatility risk: if operator drilling or commodity prices weaken, royalty cash flows and distributions can compress materially over the coming months.
Concentrated Seismic Expense In 2026A sizable, near-term seismic expense (~$30M) will depress adjusted EBITDA and distributable cash flow in 2026 despite being intended to accelerate future development. Even if treated as non-core in adjusted metrics, the cash and accounting impact tightens coverage and can constrain other capital allocations.
Thin Distribution Coverage & Commodity SensitivityCoverage near 1.05x leaves little margin for error; adverse commodity moves, drilling delays, or unexpected costs could force distribution cuts or capital delays. While hedges exist, forward gas strip weakness and liquids timing risks preserve meaningful downside to cash-flow stability in the medium term.
Black Stone Minerals News
BSM FAQ
What was Black Stone Minerals’s price range in the past 12 months?
Black Stone Minerals lowest stock price was $11.78 and its highest was $15.52 in the past 12 months.
What is Black Stone Minerals’s market cap?
Black Stone Minerals’s market cap is $3.23B.
When is Black Stone Minerals’s upcoming earnings report date?
Black Stone Minerals’s upcoming earnings report date is May 04, 2026 which is in 61 days.
How were Black Stone Minerals’s earnings last quarter?
Black Stone Minerals released its earnings results on Feb 23, 2026. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.263 by $0.047.
Is Black Stone Minerals overvalued?
According to Wall Street analysts Black Stone Minerals’s price is currently Overvalued.
Does Black Stone Minerals pay dividends?
Black Stone Minerals pays a Quarterly dividend of $0.3 which represents an annual dividend yield of 9.94%. See more information on Black Stone Minerals dividends here
What is Black Stone Minerals’s EPS estimate?
Black Stone Minerals’s EPS estimate is 0.29.
How many shares outstanding does Black Stone Minerals have?
Black Stone Minerals has 212,333,790 shares outstanding.
What happened to Black Stone Minerals’s price movement after its last earnings report?
Black Stone Minerals reported an EPS of $0.31 in its last earnings report, beating expectations of $0.263. Following the earnings report the stock price went up 2.49%.
Which hedge fund is a major shareholder of Black Stone Minerals?
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$13.00 (-14.64% Downside)
$13.00 (-14.64% Downside)
Blogger Sentiment
Bullish
BSM Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 55.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 3.9%
Last 30 Days ▲ 3.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.88%
12-Months-Change
Fundamentals
Return on Equity
26.57%
Trailing 12-Months
Asset Growth
9.57%
Trailing 12-Months
Company Description
Black Stone Minerals
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a constructive long-term growth story driven by large development agreements, meaningful acreage acquisitions (~$240M since 2023), proprietary seismic investment covering ~360,000 acres, and maintained distributions supported by hedges. Near-term challenges include an 11% QoQ decline in mineral & royalty production, significant seismic expense accruing in 2026, modest distributable cash flow coverage (1.05x), and commodity price uncertainty (Henry Hub strip < $3.50 for much of the year). Management emphasized confidence in funding the $0.30 distribution and a material production ramp through 2026 as contracted wells come online, implying that the positives (contracted development, inventory, and financial results) outweigh the near-term headwinds.View all BSM earnings summariesBSM Stock 12 Month Forecast
Average Price Target
$13.00
▼(-14.64% Downside)
Technical Analysis
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Ownership Overview
16.16% Insiders
0.18% Mutual Funds
7.49% Other Institutional Investors
74.74% Public Companies and
Individual Investors