InsiderClue
Stocks · Energy · Crude Petroleum & Natural Gas

Black Stone Minerals, L.P.

BSM Clue Score64
United States Fiscal year ends December CIK 0001621434
$14.84 +0.20% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $14.84 +21.14% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue297.3Operating income27.5Net income20.2Fiscal year 2017Revenue402.8 +35.5%Operating income172.1Net income157.2 +678.4%Fiscal year 2018Revenue594.7 +47.7%Operating income318.4Net income295.6 +88.1%Fiscal year 2019Revenue492.8 −17.1%Operating income235.2Net income214.4 −27.5%Fiscal year 2020Revenue296.6 −39.8%Operating income132.1Net income121.8 −43.2%Fiscal year 2021Revenue505.7 +70.5%Operating income187.3Net income182.0 +49.4%Fiscal year 2022Revenue784.3 +55.1%Operating income482.5Net income476.5 +161.8%Fiscal year 2023Revenue501.1 −36.1%Operating income423.6Net income422.5 −11.3%Fiscal year 2024Revenue439.4 −12.3%Operating income273.1Net income271.3 −35.8%Fiscal year 2025Revenue422.3 −3.9%Operating income308.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 297.3 402.8 594.7 492.8 296.6 505.7 784.3 501.1 439.4 422.3
Growth +35.5% +47.7% −17.1% −39.8% +70.5% +55.1% −36.1% −12.3% −3.9%
Operating income 27.5 172.1 318.4 235.2 132.1 187.3 482.5 423.6 273.1 308.4
Net income 20.2 157.2 295.6 214.4 121.8 182.0 476.5 422.5 271.3 n/a
Growth +678.4% +88.1% −27.5% −43.2% +49.4% +161.8% −11.3% −35.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin9.2%Net margin6.8%Fiscal year 2017Operating margin42.7%Net margin39.0%Fiscal year 2018Operating margin53.5%Net margin49.7%Fiscal year 2019Operating margin47.7%Net margin43.5%Fiscal year 2020Operating margin44.5%Net margin41.1%Fiscal year 2021Operating margin37.0%Net margin36.0%Fiscal year 2022Operating margin61.5%Net margin60.8%Fiscal year 2023Operating margin84.5%Net margin84.3%Fiscal year 2024Operating margin62.2%Net margin61.7%Fiscal year 2025Operating margin73.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 9.2% 42.7% 53.5% 47.7% 44.5% 37.0% 61.5% 84.5% 62.2% 73.0%
Net margin 6.8% 39.0% 49.7% 43.5% 41.1% 36.0% 60.8% 84.3% 61.7% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow196.7Fiscal year 2017Operating cash flow281.9Fiscal year 2018Operating cash flow385.4Fiscal year 2019Operating cash flow412.7Fiscal year 2020Operating cash flow281.8Fiscal year 2021Operating cash flow256.9Fiscal year 2022Operating cash flow425.0Fiscal year 2023Operating cash flow521.3Fiscal year 2024Operating cash flow389.0Fiscal year 2025Operating cash flow310.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 196.7 281.9 385.4 412.7 281.8 256.9 425.0 521.3 389.0 310.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash9.8Fiscal year 2017Cash5.6Fiscal year 2018Cash5.4Fiscal year 2019Cash8.1Fiscal year 2020Cash1.8Fiscal year 2021Cash8.9Fiscal year 2022Cash4.3Fiscal year 2023Cash70.3Fiscal year 2024Cash2.5Fiscal year 2025Cash1.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 9.8 5.6 5.4 8.1 1.8 8.9 4.3 70.3 2.5 1.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
9.2% 42.7% 53.5% 47.7% 44.5% 37.0% 61.5% 84.5% 62.2% 73.0%
6.8% 39.0% 49.7% 43.5% 41.1% 36.0% 60.8% 84.3% 61.7% n/a
Spending
24.6% 19.3% 12.9% 12.9% 14.5% 9.6% 6.8% 10.3% 11.9% 13.1%
Returns
1.8% 10.0% 16.9% 13.9% 9.8% 14.6% 37.5% 33.4% 22.3% n/a
Balance and payout
35.7% 30.8% 31.3% 29.0% 14.9% 14.8% 4.8% 3.9% 7.3% 15.5%