Black Stone Minerals (BSM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Black Stone Minerals

NYSE•Energy•Oil & Gas E&P

$14.77-0.40(-0.03%)Pre-market

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.

How this company scores

GoodMetricSide Score: 72.5/100

Strongest: Profitability (25/25); weakest: Growth (14.5/25).

Profitability25/25

Growth14.5/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality18/25

Strengths

Strong marginsHigh ROEInterest easily coveredCash-backed earnings

No red flags in the last 8 quarters.

Price & Volume

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $459.50M
Q. Revenue: $148.97M
TTM EBITDA: $333.42M
TTM Op. Income: $295.66M
Q. Op. Income: $110.07M
TTM Net Income: $283.59M
Q. Net Income: $106.36M
EPS: N/A
Shares Out.: $0

$459.50M in TTM revenue grew 5.1% YoY, reaching $148.97M last quarter. TTM EBITDA of $333.42M and TTM operating income of $295.66M show growth is flowing through to the bottom line. TTM net income of $283.59M means revenue is converting into profit. Over the past year, TTM revenue is up 5% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 80.2%
Op. Margin: 73.9%
Net Margin: 71.4%

Op. margin of 73.9% is down 2.8% YoY — costs are rising relative to revenue. Net margin at 71.4% Over the past year, operating margin is down 4% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: N/A
P/B Ratio: N/A

P/S of 0.0x and P/B of 0.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.37B
Cash: $1.67M
Long-Term Debt: N/A
Book Value: $812.99M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $92.97M
TTM Free Cash Flow: $320.38M
FCF Margin: 69.7%
FCF / Net Income: 1.1

TTM FCF of $320.38M on $92.97M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 3% — an improving trend.