BSM BLACK STONE MINERALS L P revenue, earnings and financials

For the quarter ended June 30, 2026, BLACK STONE MINERALS L P reported revenue of $149M (down 6.6% from a year earlier), net income of $106M and diluted EPS of n/a; over the last four quarters revenue was $460M and net income $284M; for the fiscal year ended December 2025 revenue was $470M, up 8.4% on the year before.

BSM annual revenue and earnings

• Fiscal year ended Dec 2025: revenue $470M, gross profit n/a, operating income $308M, net income $300M (margin 63.8%), EPS n/a
• Fiscal year ended Dec 2024: revenue $434M, gross profit n/a, operating income $273M, net income $271M (margin 62.6%), EPS n/a
• Fiscal year ended Dec 2023: revenue $592M, gross profit n/a, operating income $424M, net income $423M (margin 71.4%), EPS n/a
• Fiscal year ended Dec 2022: revenue $664M, gross profit n/a, operating income $482M, net income $476M (margin 71.8%), EPS n/a
• Fiscal year ended Dec 2021: revenue $359M, gross profit n/a, operating income $187M, net income $182M (margin 50.7%), EPS n/a

BSM quarterly revenue and earnings

• Quarter ended Jun 30, 2026: revenue $149M (down 6.6% year over year), net income $106M, EPS n/a
• Quarter ended Mar 31, 2026: revenue $59.4M (up 0.2% year over year), net income $13.3M, EPS n/a
• Quarter ended Dec 31, 2025 (from the annual report): revenue $119M (up 41.8% year over year), net income $72.2M, EPS n/a
• Quarter ended Sep 30, 2025: revenue $132M (down 1.8% year over year), net income $91.7M, EPS n/a
• Quarter ended Jun 30, 2025: revenue $159M (up 45.5% year over year), net income $120M, EPS n/a
• Quarter ended Mar 31, 2025: revenue $59.3M (down 43.8% year over year), net income $15.9M, EPS n/a
• Quarter ended Dec 31, 2024 (from the annual report): revenue $83.7M (down 56.1% year over year), net income $46.3M, EPS n/a
• Quarter ended Sep 30, 2024: revenue $135M (up 22.8% year over year), net income $92.7M, EPS n/a
• Quarter ended Jun 30, 2024: revenue $110M (down 6.3% year over year), net income $68.3M, EPS n/a
• Quarter ended Mar 31, 2024: revenue $105M (down 39.6% year over year), net income $63.9M, EPS n/a
• Quarter ended Dec 31, 2023 (from the annual report): revenue $191M (down 17.2% year over year), net income $148M, EPS n/a
• Quarter ended Sep 30, 2023: revenue $110M (down 49.3% year over year), net income $62.1M, EPS n/a
• Quarter ended Jun 30, 2023: revenue $117M (down 35.1% year over year), net income $78.4M, EPS n/a
• Quarter ended Mar 31, 2023: revenue $175M (up 379.3% year over year), net income $134M, EPS n/a
• Quarter ended Dec 31, 2022 (from the annual report): revenue $230M (up 28.4% year over year), net income $183M, EPS n/a
• Quarter ended Sep 30, 2022: revenue $216M (up 261.8% year over year), net income $168M, EPS n/a
• Quarter ended Jun 30, 2022: revenue $180M (up 208.6% year over year), net income $132M, EPS n/a
• Quarter ended Mar 31, 2022: revenue $36.4M (down 40.8% year over year), net income −$7.00M, EPS n/a
• Quarter ended Dec 31, 2021 (from the annual report): revenue $179M, net income $134M, EPS n/a
• Quarter ended Sep 30, 2021: revenue $59.8M, net income $16.2M, EPS n/a

BSM cash flow, buybacks and dividends

• Fiscal year ended Dec 2025: operating cash flow $310M, share buybacks n/a
• Fiscal year ended Dec 2024: operating cash flow $389M, share buybacks n/a
• Fiscal year ended Dec 2023: operating cash flow $521M, share buybacks n/a
• Fiscal year ended Dec 2022: operating cash flow $425M, share buybacks n/a
• Fiscal year ended Dec 2021: operating cash flow $257M, share buybacks n/a

BSM balance sheet

• Jun 30, 2026: cash $1.67M, total assets $1.37B, total liabilities $252M, shareholders' equity n/a
• Mar 31, 2026: cash $11.6M, total assets $1.34B, total liabilities $265M, shareholders' equity n/a
• Dec 31, 2025: cash $1.48M, total assets $1.34B, total liabilities $207M, shareholders' equity n/a
• Sep 30, 2025: cash $2.86M, total assets $1.27B, total liabilities $145M, shareholders' equity n/a
• Jun 30, 2025: cash $2.52M, total assets $1.27B, total liabilities $165M, shareholders' equity n/a
• Mar 31, 2025: cash $2.42M, total assets $1.24B, total liabilities $174M, shareholders' equity n/a
• Dec 31, 2024: cash $2.52M, total assets $1.22B, total liabilities $89.5M, shareholders' equity n/a
• Sep 30, 2024: cash $21.0M, total assets $1.21B, total liabilities $44.5M, shareholders' equity n/a

What is BSM's revenue?

BLACK STONE MINERALS L P reported $460M of revenue over its last four quarters, through June 30, 2026.

Is BSM profitable?

Yes. BLACK STONE MINERALS L P earned $284M over the last four quarters.

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