Black Stone Minerals, L.P.

Black Stone Minerals, L.P.

BSM
Black Stone Minerals, L.P.US flagNew York Stock Exchange
13.92
USD
+0.32
- -
2.96BMarket Cap

Income Statement (USD)

APIChat
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Sales/Revenue/Turnover
469
511
303
297
403
595
493
297
506
784
501
439
422
+ Sales & Services Revenue
469
511
303
297
403
595
493
297
506
784
501
439
422
- Cost of Revenue
166
183
162
157
179
205
188
140
124
126
114
104
86
+ Cost of Goods & Services
166
183
162
157
179
205
188
140
124
126
114
104
86
Gross Profit
303
328
141
141
223
389
305
157
382
658
387
335
336
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
60
66
82
75
79
86
65
44
51
55
55
56
75
+ Selling, General & Admin
60
63
77
73
78
77
63
43
49
54
51
52
55
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
1
3
5
2
2
9
2
1
2
1
3
4
20
Operating Income (Loss)
243
262
59
66
144
304
240
113
331
603
332
279
261
- Non-Operating (Income) Loss
74
93
160
46
-13
8
26
-9
149
127
-90
8
-39
+ Interest Expense, Net
11
13
6
7
16
21
21
10
6
6
1
1
9
+ Interest Expense
11
14
6
8
16
21
21
10
6
6
3
3
9
- Interest Income
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
2
2
- -
+ Other Non-Op (Income) Loss
63
80
153
39
-29
-13
4
-19
143
120
-91
6
-48
Pretax Income
169
169
-101
20
157
296
214
122
182
476
423
271
300
- Income Tax Expense (Benefit)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
169
169
-101
20
157
296
214
122
182
476
423
271
300
- Net Extraordinary Losses (Gains)
169
169
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Discontinued Operations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
169
169
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
- -
- -
-99
20
157
296
214
122
182
476
423
271
300
- Minority Interest
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
- -
-100
20
157
296
214
122
182
476
423
271
300
- Preferred Dividends
- -
16
8
6
5
21
21
21
21
21
22
29
29
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
- -
-16
-108
14
152
275
193
101
161
455
401
242
270
EBIT
243
262
59
66
144
304
240
113
331
603
332
279
261
EBITDA
345
374
163
168
259
426
350
195
392
651
378
324
298
EBITDA Margin (%)
73.54
73.25
53.81
56.64
64.25
71.66
70.97
65.74
77.5
83
75.45
73.74
70.49
EBITA
243
262
59
66
144
304
240
113
331
603
332
279
261
Gross Margin (%)
64.55
64.23
46.59
47.29
55.48
65.46
61.89
52.97
75.5
83.88
77.24
76.22
79.62
Operating Margin (%)
51.71
51.34
19.35
22.17
35.82
51.04
48.73
38.09
65.44
76.91
66.34
63.45
61.75
Profit Margin (%)
- -
- -
-33.21
6.79
39.03
49.69
43.5
41.07
35.98
60.75
84.32
61.75
71.02
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.27
1.26
1.16
0.95
1.03
1.33
1.59
0.78
0.95
1.64
2
1.73
1.49
Depreciation Expense
102
112
104
102
115
123
110
82
61
48
46
45
37
Basic Weighted Avg Shares
190
190
191
191
193
202
206
207
208
209
210
211
212
Basic EPS, GAAP
- -
-0.08
-0.56
0.08
0.79
1.36
0.94
0.49
0.77
2.18
1.91
1.15
1.28
Basic EPS from Cont Ops
0.89
0.89
-0.53
0.11
0.82
1.46
1.04
0.59
0.87
2.28
2.01
1.29
1.42
Diluted Weighted Avg Shares
190
190
191
192
193
218
206
207
208
224
225
211
212
Diluted EPS, GAAP
- -
-0.08
-0.56
0.08
0.79
1.26
0.94
0.49
0.77
2.03
1.78
1.15
1.28
Diluted EPS from Cont Ops
0.89
0.89
-0.53
0.11
0.82
1.36
1.04
0.59
0.87
2.12
1.88
1.29
1.42

Balance Sheet (USD)

APIChat
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Total Current Assets
126
135
104
79
88
158
102
67
108
173
193
79
96
+ Cash, Cash Equivalents & STI
30
15
13
10
6
5
8
2
9
4
70
3
1
+ Cash & Cash Equivalents
30
15
13
10
6
5
8
2
9
4
70
3
1
+ ST Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
91
74
41
68
81
113
78
62
97
136
82
71
66
+ Accounts Receivable, Net
91
74
41
68
78
108
71
58
93
129
78
4
3
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
- -
3
5
7
4
4
7
5
67
63
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
5
46
49
1
1
39
16
3
2
33
41
5
29
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
1,319
1,192
958
1,050
1,489
1,593
1,443
1,177
1,140
1,098
1,074
1,140
1,240
+ Property, Plant & Equip, Net
1,315
1,189
939
1,045
1,481
1,576
1,434
1,172
1,133
1,088
1,066
1,134
1,225
+ Property, Plant & Equip
2,291
2,394
2,497
2,712
3,263
3,453
3,316
3,172
3,016
3,019
3,042
3,122
3,096
- Accumulated Depreciation
976
1,205
1,558
1,667
1,781
1,877
1,882
2,000
1,883
1,930
1,976
1,988
1,871
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
4
3
19
5
7
17
9
5
7
9
8
6
15
+ Total Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Goodwill
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
4
3
19
5
7
17
9
5
7
9
8
6
15
Total Assets
1,444
1,327
1,061
1,129
1,576
1,750
1,545
1,244
1,248
1,271
1,267
1,219
1,336
+ Payables & Accruals
96
99
46
34
39
48
19
14
15
16
15
14
12
+ Accounts Payable
31
5
5
4
2
4
5
3
6
7
6
6
3
+ Accrued Taxes
- -
- -
4
3
4
6
8
8
6
7
6
6
6
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
66
93
38
27
32
38
6
2
3
2
3
2
4
+ ST Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
2
+ ST Borrowings
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
2
+ Other ST Liabilities
2
- -
17
37
21
17
11
26
63
14
11
16
10
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
2
- -
17
37
21
17
11
26
63
14
11
16
10
Total Current Liabilities
98
99
63
71
60
65
30
40
77
31
26
30
25
+ LT Debt
451
394
66
316
388
410
394
121
89
10
- -
25
154
+ LT Borrowings
451
394
66
316
388
410
394
121
89
10
- -
25
154
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Liabilities
18
20
22
16
38
73
25
24
18
21
24
34
28
+ Accrued Liabilities
9
4
3
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
9
16
18
15
38
73
25
24
18
21
24
34
28
Total Noncurrent Liabilities
469
414
88
332
426
483
419
145
107
31
24
59
182
Total Liabilities
567
512
151
403
486
548
448
185
184
61
50
89
207
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Treasury Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Retained Earnings
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Equity Before Minority Interest
874
814
910
725
1,090
1,203
1,097
1,059
1,064
1,210
1,217
1,129
1,128
+ Minority/Non Controlling Interest
4
- -
1
1
1
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
878
814
911
726
1,091
1,203
1,097
1,059
1,064
1,210
1,217
1,129
1,128
Total Liabilities & Equity
1,444
1,327
1,061
1,129
1,576
1,750
1,545
1,244
1,248
1,271
1,267
1,219
1,336
Shares Outstanding
190
190
191
191
199
205
206
207
209
209
210
211
212
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
2
Net Debt
421
379
53
306
382
405
386
119
80
6
-70
22
153
Net Debt to Equity
47.95
46.56
5.79
42.2
35.06
33.64
35.18
11.26
7.53
0.47
-5.77
1.99
13.52
Tangible Common Equity Ratio
60.77
61.38
85.79
64.28
69.18
68.72
70.98
85.13
85.23
95.18
96.09
92.66
84.49
Current Ratio
1.29
1.37
1.64
1.11
1.47
2.43
3.43
1.67
1.4
5.64
7.48
2.58
3.88
Cash Conversion Cycle
- -
22.89
57.73
56.48
59.31
51
57.04
68.09
40.78
33.32
54.39
12.55
-15.6

Cash Flow Statement (USD)

APIChat
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
+ Net Income
169
169
-101
20
157
296
214
122
182
476
423
271
300
+ Depreciation & Amortization
102
112
104
102
115
123
110
82
61
48
46
45
37
+ Non-Cash Items
73
92
238
128
22
-13
55
68
46
-63
4
61
-25
+ Stock-Based Compensation
7
11
18
43
33
30
20
4
12
17
11
9
10
+ Deferred Income Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Asset Impairment Charge
57
118
250
7
- -
- -
- -
51
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
9
-37
-30
78
-11
-43
35
13
34
-80
-7
52
-35
+ Chg in Non-Cash Work Cap
-23
23
44
-54
-12
-20
34
10
-32
-36
49
11
-1
+ (Inc) Dec in Accts Receiv
-15
17
34
-30
-6
-32
35
16
-35
-40
53
11
6
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1
-7
+ Inc (Dec) in Accts Payable
-7
8
11
-24
-6
11
-1
-6
3
3
-4
1
- -
+ Inc (Dec) in Other
- -
-3
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
321
396
285
197
282
385
413
282
257
425
521
389
310
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
19
26
- -
30
134
63
156
- -
11
- -
3
1
+ Disp of Fixed Prod Assets
- -
19
26
- -
30
134
63
156
- -
11
- -
3
1
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-196
-121
-117
-222
-485
-297
-111
-5
-15
-13
-20
-115
-119
+ Acq of Fixed Prod Assets
-196
-121
-117
-222
-485
-297
-111
-5
-15
-13
-20
-115
-119
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
74
-13
355
-46
298
28
-17
-5
-2
-3
-5
-4
-4
+ Increase in Capital Stock
192
- -
399
- -
326
41
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
-118
-13
-44
-46
-28
-13
-17
-5
-2
-3
-5
-4
-4
+ Net Change in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Dec in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Acq & Div
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-196
-101
-91
-222
-454
-164
-49
151
-14
-1
-20
-112
-118
+ Dividends Paid
-241
-241
-221
-182
-199
-268
-328
-161
-198
-343
-420
-365
-315
+ Net Cash From Debt
88
-57
-656
500
144
44
-32
-546
-64
-79
-10
25
129
+ Cash From Debt
134
230
491
698
585
747
669
320
424
339
64
97
373
+ Repayments of Debt
-46
-287
-1,147
-198
-441
-703
-701
-866
-488
-418
-74
-72
-244
+ Other Financing Activities
-62
- -
326
-250
-75
-25
16
273
28
-3
- -
- -
-3
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-142
-310
-195
21
168
-222
-361
-439
-235
-428
-436
-345
-193
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
-17
-15
-2
-3
-4
- -
3
-6
7
-5
66
-68
-1
EBITDA
345
374
163
168
259
426
350
195
392
651
378
324
298
EBITDA Margin (%)
73.54
73.25
53.81
56.64
64.25
71.66
70.97
65.74
77.5
83
75.45
73.74
70.49
Free Cash Flow
125
276
168
-25
-203
88
301
277
242
412
501
274
191
Net Cash Paid for Acquisitions
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow to Firm
136
289
- -
-18
-187
109
323
287
248
419
504
277
200
Free Cash Flow to Equity
- -
222
-470
469
-33
245
311
-134
158
324
470
272
291
Free Cash Flow per Basic Share
0.66
1.45
0.88
-0.13
-1.05
0.44
1.46
1.34
1.16
1.97
2.39
1.3
0.9
Price/Free Cash Flow
- -
- -
6.87
8.61
4.51
4.93
5
4.82
7.92
8.65
6.64
6.11
6.55
Cash Flow to Net Income
- -
- -
-2.83
9.74
1.79
1.3
1.93
2.31
1.41
0.89
1.23
1.43
1.03
Capital Expenditures
-196
-121
-117
-222
-485
-297
-111
-5
-15
-13
-20
-115
-119