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)407.98K
Market Cap
$2.90B
Enterprise Value$3.10B
Total Cash (Recent Filing)$11.60M
Total Debt (Recent Filing)$187.00M
Price to Earnings (P/E)9.8
Beta0.22
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. Volume379,181
30 Day Avg. Volume407,984
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 Cap1.07
Enterprise Value/Revenue6.61
Enterprise Value/Gross Profit8.47
Enterprise Value/Ebitda8.93
Forecast
1Y Price Target
$16.00Price Target Upside17.04% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.8
Revenue Forecast (FY)$455.33M
Bulls Say, Bears Say
Bulls Say
Cash GenerationBSM’s consistently positive operating cash flow and materially positive free cash flow provide durable internal funding for distributions, acreage buys and Haynesville development. This reduces reliance on capital markets and supports long-term cash-return capacity through commodity cycles.
Conservative Balance SheetHistorically low leverage and sizable equity give BSM resilience during commodity downturns, preserving capital flexibility for opportunistic acreage acquisitions and maintaining distributions. Strong ROE indicates efficient capital use, supporting durable financial strength.
Asset-backed Production GrowthSustained capital deployment and acreage adds in Haynesville plus active drilling (13 rigs) and strong initial well results (Congo wells ~30 MMcf/d) expand the royalty base. Growing owned mineral acres and successful wells support multi-year royalty cash flow growth.
Bears Say
Revenue VolatilityRoyalty revenues are structurally tied to commodity prices and operator activity, producing uneven top-line trends. This persistent cyclicality reduces predictability of distributable cash flow and can force transient distribution pressure or delay acquisition plans during prolonged weak commodity periods.
Rising LeverageAn observed step-up in debt compared with prior years increases financial vulnerability to commodity-driven cash flow swings. Higher leverage constrains flexibility to fund acreage buys or sustain distributions without tapping markets, heightening downside risk in prolonged commodity weakness.
Operator / Operational RiskBSM depends on third-party operators for drilling and production; operational incidents and operator development cadence shifts can materially delay or reduce royalty volumes. Investigations or well abandonments could lower near-term cash flow and complicate execution of multi-year development plans.
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 $2.90B.
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 47 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:
$16.00 (17.04% Upside)
$16.00 (17.04% 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
Bought Shares
Worth $1.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.7%
Last 30 Days ▲ 4.8%
Last 30 Days ▲ 4.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
7.05%
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. and its subsidiaries are primarily engaged in the ownership and active management of oil and natural gas mineral interests. The company possesses an extensive portfolio, encompassing approximately 16.8 million gross acres of mineral interests, 1.8 million gross acres of nonparticipating royalty interests, and 1.7 million gross acres of overriding royalty interests, distributed across 41 states within the United States. As of December 31, 2021, Black Stone Minerals reported estimated total proved oil and natural gas reserves equivalent to 59,824 barrels. This entity, founded in 1876, is headquartered 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
$16.00
▲(17.04% Upside)
Technical Analysis
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Ownership Overview
16.38% Insiders
1.19% Mutual Funds
9.63% Other Institutional Investors
71.36% Public Companies and
Individual Investors