Black Stone Minerals, L.P.

NYSE:BSM Stock Report

Market Cap: US$3.1b

Black Stone Minerals Past Earnings Performance

Past criteria checks 3/6

Black Stone Minerals has been growing earnings at an average annual rate of 23%, while the Oil and Gas industry saw earnings growing at 40.4% annually. Revenues have been growing at an average rate of 8.4% per year. Black Stone Minerals's return on equity is 31.9%, and it has net margins of 75.3%.

Key information

23.0%

Earnings growth rate

22.5%

EPS growth rate

Oil and Gas Industry Growth33.7%
Revenue growth rate8.4%
Return on equity31.9%
Net Margin75.3%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Black Stone Minerals: Distribution Coverage Should Improve From Q3 2024 Levels

Dec 12

Black Stone Minerals: Preferred Unit Redemption May Increase Distributable Cash Flow

Oct 08

Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A Buy

Aug 11

Black Stone Minerals: Overexposed To Natural Gas

Jul 30

Black Stone Minerals: Reduced Production Guidance Due To Low Natural Gas Prices

May 10

Black Stone Minerals: A Distribution Cut Is Coming

Mar 12

Black Stone Minerals Remains A Great Energy Play

Feb 06

Black Stone Minerals: Production Jumps By 18% In Q3 2023

Dec 01

Black Stone Minerals: Production Increases And Better Nat Gas Prices Brighten Its Prospects

Nov 02

Black Stone Minerals: Preferred Unit Distribution May Be Adjusted Above 10%

Sep 28

The Dividend Investor's Natural Gas Export Playbook - Part 1

Sep 22

Black Stone Minerals: Distribution Cut Looks Likely In 2024

Aug 18

Black Stone Minerals: The 11% Yield Appears Sustainable In Current Environment

Aug 02

Black Stone Minerals: Can This 11.8%-Yielding Oil And Gas Play Sustain Its Cash Distribution?

Jul 18

The Dividend Investor's Oil Playbook - Part 4

Jun 21

Black Stone Minerals: Slightly Over $2 Per Unit In Projected 2023 DCF

Jun 07

Black Stone Minerals Q4 2022 Earnings Preview

Feb 20

Black Stone Minerals: Hedges And Shelby Trough To Power Upside

Feb 08

Black Stone Minerals, raises quarterly dividend by 5.6% to $0.475/share

Feb 01

Black Stone Minerals CFO Jeff Wood to leave company

Jan 19

Black Stone Minerals: 2023 Hedges Partially Reduce The Impact Of Lower Gas Prices

Jan 08

Black Stone Minerals: Distributions Poised To Increase In 2023

Dec 15

Black Stone Minerals, GAAP EPS of $0.75 beats by $0.34, revenue of $216.43M beats by $73.42M

Oct 31

Black Stone Minerals raises dividend by 7% to $0.45

Oct 19

My Top 2 Rated Stocks With Yields Over 9%

Oct 13

Black Stone Minerals: Distributions Should Increase Further In 2023

Sep 29

Revenue & Expenses Breakdown

How Black Stone Minerals makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:BSM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24457345560
30 Jun 24491316570
31 Mar 24483328550
31 Dec 23489401540
30 Sep 23552437550
30 Jun 23636544520
31 Mar 23738597530
31 Dec 22771455540
30 Sep 22734406510
30 Jun 22651254500
31 Mar 22556138500
31 Dec 21491161500
30 Sep 2141257490
30 Jun 2134165460
31 Mar 2128641450
31 Dec 20288101430
30 Sep 20314110410
30 Jun 20360157460
31 Mar 20432260490
31 Dec 19463193640
30 Sep 19512317670
30 Jun 19548308750
31 Mar 19552242870
31 Dec 18559275840
30 Sep 18502132900
30 Jun 1844398880
31 Mar 18399128760
31 Dec 17361152750
30 Sep 17337127740
30 Jun 17332142700
31 Mar 1730166740
31 Dec 1626514740
30 Sep 16250-28770
30 Jun 16245-14810
31 Mar 16264-99820
31 Dec 15280-108800
30 Sep 15332-436730
30 Jun 15373-372680
31 Mar 154150630
31 Dec 144650630
30 Sep 14458205590
30 Jun 14459205610

Quality Earnings: BSM has high quality earnings.

Growing Profit Margin: BSM's current net profit margins (75.3%) are lower than last year (79.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BSM's earnings have grown significantly by 23% per year over the past 5 years.

Accelerating Growth: BSM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSM had negative earnings growth (-21.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-14.6%).

Return on Equity

High ROE: BSM's Return on Equity (31.9%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 00:41
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Black Stone Minerals, L.P. is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark LearCredit Suisse
Chad MabryFBR Capital Markets & Co.
Timothy RezvanKeyBanc Capital Markets Inc.