Black Stone Minerals Management
Management criteria checks 2/4
Black Stone Minerals' CEO is H. DeWalch, appointed in Jan 2026, has a tenure of less than a year. total yearly compensation is $945.58K, comprised of 31.5% salary and 68.5% bonuses, including company stock and options. directly owns 0.067% of the company’s shares, worth $2.01M. The average tenure of the management team and the board of directors is 0.3 years and 11.2 years respectively.
Key information
H. DeWalch
Chief executive officer
US$945.6k
Total compensation
| CEO salary percentage | 31.46% |
| CEO tenure | less than a year |
| CEO ownership | 0.07% |
| Management average tenure | less than a year |
| Board average tenure | 11.2yrs |
Recent management updates
Recent updates
Black Stone Minerals: May See Modest Benefits From Improved Long-Term Oil Prices
Apr 20
BSM: War Risk And Stable U.S. Activity Shape Fairly Valued Outlook
Analysts recently raised their price target on Black Stone Minerals to $14 from $13, citing elevated geopolitical risk to global energy supply and an outlook that U.S. operators are unlikely to significantly alter their activity in response. Analyst Commentary Recent commentary around Black Stone Minerals focuses heavily on how heightened geopolitical risk and potential supply disruptions feed into valuation, especially with the price target set at US$14.BSM: War Risk And Steady U.S. Output Guide Balanced Future Outlook
Analysts have raised their price target on Black Stone Minerals to $14.00 from $13.00, citing recent geopolitical risks to global energy supplies and steady expectations for U.S. operator activity as key factors behind the update. Analyst Commentary Analysts are weighing the new US$14 price target for Black Stone Minerals against rising geopolitical risks and expectations for relatively steady U.S. operator activity.BSM: War Risk And Stable U.S. Activity Shape Measured Future Outlook
Analysts have raised their price target on Black Stone Minerals to $14 from $13, reflecting updated views on fair value and earnings potential as they consider recent geopolitical risks and U.S. operator commentary. Analyst Commentary Recent commentary around Black Stone Minerals focuses on how geopolitical risks and operator behavior could affect fair value, rather than on big changes to the company’s own execution.Shelby Trough Expansion And Operator Diversification Will Drive Drilling
The consensus price target for Black Stone Minerals has been lowered to $13.00, primarily due to a notable decrease in forecast revenue growth, while valuation multiples have only moderately declined. What's in the News Black Stone Minerals lowered its 2025 production guidance to 33–35 MBoe/d from 38–41 MBoe/d due to weaker first-half production and delayed natural gas growth.Black Stone Minerals: Focusing On Natural Gas Acquisitions
Apr 26Black Stone Minerals: A 10% Distribution For This Natural Gas Royalty Play (Rating Upgrade)
Feb 27Black Stone Minerals' Double-Digit Yield Looks To Benefit From Expanding Electricity Demand
Feb 19Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 Levels
Dec 12Black Stone Minerals: Preferred Unit Redemption May Increase Distributable Cash Flow
Oct 08
Hedging Missteps And Acquisition Risks To Hamper Earnings Amidst Volatile Times
Emphasis on grassroots acquisitions and asset enhancement may increase debt without immediate returns, affecting net income and cash flow if expectations are not met.Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A Buy
Aug 11Black Stone Minerals: Overexposed To Natural Gas
Jul 30Black Stone Minerals: Reduced Production Guidance Due To Low Natural Gas Prices
May 10Black Stone Minerals: A Distribution Cut Is Coming
Mar 12Black Stone Minerals Remains A Great Energy Play
Feb 06Black Stone Minerals: Production Jumps By 18% In Q3 2023
Dec 01Black Stone Minerals: Production Increases And Better Nat Gas Prices Brighten Its Prospects
Nov 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | US$270m |
| Sep 30 2025 | n/a | n/a | US$245m |
| Jun 30 2025 | n/a | n/a | US$246m |
| Mar 31 2025 | n/a | n/a | US$194m |
| Dec 31 2024 | US$946k | US$298k | US$242m |
Compensation vs Market: H.'s total compensation ($USD945.58K) is below average for companies of similar size in the US market ($USD7.20M).
Compensation vs Earnings: Insufficient data to compare H.'s compensation with company performance.
CEO
H. DeWalch (34 yo)
Mr. H. Taylor DeWalch Co-CEO of Black Stone Minerals GP LLC, the General Partner of Black Stone Minerals, L.P. since January 1, 2026 and served as its Director since January 1, 2026 and serves as its Presi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board of Black Stone Minerals GP LLC | 11.5yrs | US$4.73m | 7.25% $ 219.1m | |
| Co-CEO & President of Black Stone Minerals GP LLC | less than a year | US$945.58k | 0.067% $ 2.0m | |
| Senior VP | 11.5yrs | US$2.53m | 0.34% $ 10.4m | |
| Co-CEO & President of Black Stone Minerals GP L.L.C. | less than a year | no data | no data | |
| Senior VP | less than a year | no data | 0.024% $ 721.7k | |
| Director of Corporate Accounting | no data | no data | 0.0018% $ 55.6k | |
| Vice President of Corporate Development | less than a year | no data | no data | |
| Vice President of Human Resources of Black Stone Minerals GP LLC | 7.2yrs | no data | no data | |
| Director of Finance | no data | no data | no data | |
| Consultant of Black Stone Minerals Gp L.L.C | 9.5yrs | US$6.36m | no data |
Experienced Management: BSM's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board of Black Stone Minerals GP LLC | 11.5yrs | US$4.73m | 7.25% $ 219.1m | |
| Independent Lead Director of Black Stone Minerals GP L.L.C. | 11.2yrs | US$323.88k | 0.067% $ 2.0m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.2yrs | US$273.88k | 0.098% $ 3.0m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.2yrs | US$273.88k | 0.47% $ 14.2m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.2yrs | US$273.88k | 0.44% $ 13.2m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 11.2yrs | US$288.88k | 2.51% $ 76.0m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 8.9yrs | US$273.88k | 0.090% $ 2.7m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 2.8yrs | US$162.18k | 2.92% $ 88.4m | |
| Independent Director of Black Stone Minerals GP L.L.C. | 2.2yrs | US$156.17k | 0.070% $ 2.1m | |
| Director of Black Stone Minerals GP | no data | no data | 0.24% $ 7.3m |
Experienced Board: BSM's board of directors are seasoned and experienced ( 11.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 13:20 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Black Stone Minerals, L.P. is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Timothy Rezvan | KeyBanc Capital Markets Inc. |
| Mark Lear | Piper Sandler Companies |
| John Freeman | Raymond James & Associates |