Black Stone Minerals, L.P. financials
$14.31−1.04%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $122.1M | $123.9M | $95.2M | $105.2M | $106.7M | $115.3M | $104.3M | $103.2M | $115.2M | $116.8M | $136.4M | $136.7M |
| Gross profit | $122.1M | $123.9M | $95.2M | $105.2M | $106.7M | $115.3M | $104.3M | $103.2M | $115.2M | $116.8M | $136.4M | $136.7M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $83.2M | $81.2M | $51.3M | $66.8M | $69.5M | $73.2M | $68.1M | $61.4M | $74.0M | $75.3M | $93.1M | $88.9M |
| Net income | $99.0M | $5.9M | $64.9M | $84.4M | $112.7M | $8.6M | $39.0M | $85.4M | $61.0M | $56.6M | $141.6M | $56.8M |
| Net margin | 81.1% | 4.8% | 68.1% | 80.2% | 105.6% | 7.4% | 37.4% | 82.7% | 52.9% | 48.4% | 103.8% | 41.6% |
| Diluted EPS | $0.47 | $0.03 | $0.33 | $0.40 | $0.53 | $0.04 | $0.18 | $0.41 | $0.29 | $0.27 | $0.55 | $0.27 |
| EBITDA | $93.3M | $91.2M | $61.6M | $77.0M | $79.3M | $82.6M | $80.6M | $73.0M | $85.7M | $87.2M | $105.1M | $101.5M |
| Operating cash flow | $93.0M | $62.6M | $65.1M | $99.8M | $80.5M | $64.8M | $91.0M | $93.2M | $100.4M | $104.5M | $134.1M | $116.7M |
| Free cash flow | $58.2M | $50.7M | $16.1M | $79.2M | $52.4M | $54.4M | $44.5M | $78.0M | $73.8M | $81.2M | $119.9M | $114.3M |
| Diluted shares | 212.6M | 212.4M | 197.1M | 211.9M | 226.8M | 211.3M | 211.1M | 210.7M | 210.7M | 210.7M | 255.6M | 210.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.7M | $11.6M | $1.5M | $2.9M | $2.5M | $2.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $201.5M | $191.6M | $158.7M | $99.9M | $104.0M | $68.1M |
| Total assets | $1.37B | $1.34B | $1.34B | $1.27B | $1.27B | $1.24B |
| Total liabilities | $252.4M | $264.7M | $207.1M | $145.2M | $165.3M | $173.9M |
| Shareholders' equity | $1.11B | $1.07B | $1.13B | $1.13B | $1.10B | $1.06B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology