Company research
Black Stone Minerals, L.P.
CIK 1621434Updated Sep 25, 2026
SecuritiesBSM · NYSE · equityBSMLP · OTC · unit
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,335,554,000Source | 1,218,906,000Source | 1,266,884,000Source | 1,271,082,000Source |
| Property, Plant and Equipment, NetUSD | 1,225,134,000Source | 1,134,041,000Source | 1,065,502,000Source | 1,088,247,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,478,000Source | 2,519,000Source | 70,282,000Source | 4,307,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,893,000Source | 71,093,000Source | 82,253,000Source | 135,697,000Source |
| Assets, CurrentUSD | 95,636,000Source | 78,544,000Source | 193,127,000Source | 173,381,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 9,722,000Source | 3,108,000Source | 2,319,000Source | 1,905,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 207,098,000Source | 89,467,000Source | 49,539,000Source | 61,270,000Source |
| Liabilities and EquityUSD | 1,335,554,000Source | 1,218,906,000Source | 1,266,884,000Source | 1,271,082,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 24,623,000Source | 30,423,000Source | 25,836,000Source | 30,734,000Source |
| Accounts Payable, CurrentUSD | 2,823,000Source | 5,946,000Source | 6,270,000Source | 6,773,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 19,388,000Source | 17,242,000Source | 17,003,000Source | 19,729,000Source |
| Partners' Capital, Including Portion Attributable to Noncontrolling InterestUSD | 827,978,000Source | 828,961,000Source | 918,208,000Source | 911,451,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 299,932,000Source | — | — | 476,480,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 36,887,000Source | 45,196,000Source | 45,683,000Source | 47,804,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,620,000Source | 8,564,000Source | 10,829,000Source | 17,388,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | -11,244,000Source | -53,053,000Source | 39,513,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 310,167,000Source | 389,043,000Source | 521,251,000Source | 424,983,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -118,274,000Source | -112,236,000Source | -19,740,000Source | -1,215,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -192,934,000Source | -344,570,000Source | -435,536,000Source | -428,337,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,041,000Source | -67,763,000Source | 65,975,000Source | -4,569,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,478,000Source | 2,519,000Source | 70,282,000Source | 4,307,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 7,383,000Source | 1,961,000Source | 1,736,000Source | 4,332,000Source |
| Additional Financial Items | ||||
| Amortization of Deferred ChargesUSD | 1,085,000Source | 1,079,000Source | 1,039,000Source | 1,954,000Source |
| Amortization of Debt Issuance CostsUSD | 1,100,000Source | 1,100,000Source | 1,000,000Source | 2,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 1,374,000Source | 1,298,000Source | 1,042,000Source | 861,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 47,591,000Source | -5,730,000Source | 91,117,000Source | -120,680,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 0Source | 0Source | 73,000Source | 17,000Source |
| General and Administrative ExpenseUSD | 55,463,000Source | 52,082,000Source | 51,455,000Source | 53,652,000Source |
| InterestExpenseNonoperatingUSD | 8,930,000Source | 3,109,000Source | — | — |
| Investment Income, InterestUSD | — | 1,666,000Source | 1,867,000Source | 53,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 271,326,000Source | 422,549,000Source | 476,480,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 270,466,000Source | 241,860,000Source | 400,773,000Source | 455,480,000Source |
| Nonoperating Income (Expense)USD | -8,464,000Source | -1,780,000Source | -1,047,000Source | -6,018,000Source |
| Operating ExpensesUSD | 161,523,000Source | 160,593,000Source | 168,620,000Source | 181,106,000Source |
| Operating Lease, ExpenseUSD | 10,141,000Source | 9,705,000Source | 11,386,000Source | 12,380,000Source |
| Other Nonoperating Income (Expense)USD | 229,000Source | -337,000Source | -160,000Source | 215,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 422,328,000Source | 439,429,000Source | 501,099,000Source | 784,284,000Source |
| Operating Income (Loss)USD | 308,396,000Source | 273,106,000Source | 423,596,000Source | 482,498,000Source |
| Other Nonoperating Income (Expense)USD | 229,000Source | -337,000Source | -160,000Source | 215,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 271,326,000Source | 422,549,000Source | 476,480,000Source |
| Interest Expense (non-operating)USD | 8,930,000Source | 3,109,000Source | — | — |
| Additional Financial Items | ||||
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 47,591,000Source | -5,730,000Source | 91,117,000Source | -120,680,000Source |
| General and Administrative ExpenseUSD | 55,463,000Source | 52,082,000Source | 51,455,000Source | 53,652,000Source |
| Interest ExpenseUSD | — | — | 2,754,000Source | 6,286,000Source |
| Investment Income, InterestUSD | — | 1,666,000Source | 1,867,000Source | 53,000Source |
| Investment Income, NetUSD | 237,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 270,466,000Source | 241,860,000Source | 400,773,000Source | 455,480,000Source |
| Nonoperating Income (Expense)USD | -8,464,000Source | -1,780,000Source | -1,047,000Source | -6,018,000Source |
| Operating ExpensesUSD | 161,523,000Source | 160,593,000Source | 168,620,000Source | 181,106,000Source |
| Operating Lease, ExpenseUSD | 10,141,000Source | 9,705,000Source | 11,386,000Source | 12,380,000Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | 29,466,000Source | 29,466,000Source | 21,776,000Source | — |