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BSM
Black Stone Minerals, L.P.
NYSE· Energy· Oil & Gas E&P· CUSIP 09225M101
$15.03+1.90%Price as of Oct 17, 12:04 UTC · updated once a day, after the close
At a glance
Black Stone Minerals, L.P. (BSM) is listed on NYSE and classified in Oil & Gas E&P, part of the Energy sector. It is headquartered in Houston, United States. The company is worth $3.2B and trades at 12.5x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $422.33M in fiscal 2025, down 3.9% from the year before. Net income was $299.93M. The share price is within 3% of its 52-week high. It pays a dividend yielding 8.12%. One of the 38 superinvestors we track held it at the end of Q2 2026: Ken Griffin (Citadel Advisors), at $1.25M. In that quarter, 1 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $3.2B
- P/E
- 12.5x
- Forward P/E
- 13.2x
- P/B
- 3.9x
- Dividend yield
- 8.12%
- Payout
- 101.67%
- EPS
- $1.20
- ROE
- 25.59%
- Profit margin
- 66.95%
- Revenue growth
- +13.20%
- Beta
- 0.12
- 52-week high
- $15.49
- 52-week low
- $12.46
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▲ +34.4% over 5Y.
today you would have $1,986.59▲ +98.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $13.29 | $14.60 | $15.96 | $16.87 | |
| P/E | 9.4x | 10.4x | 12.7x | 8.5x | 8.0x |
| P/S | 6.7x | 6.7x | 7.0x | 6.7x | 4.5x |
| EPS | $1.28 | $1.15 | $1.88 | $2.12 | |
| Dividend yield | 10.56% | 10.16% | 10.96% | 11.90% |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$10.16
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$9.74
Earnings growing 0.0% a year plus a 8.1% dividend yield. Growth capped at 25%.
Earnings
$17.69
Median P/E of 14.7 among peers in the sector.
Earnings
$11.32
Median P/E of 9.4 across this company’s own years on record.
Cash flow
$14.05
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$12.65
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividends
$29.26
Dividend growing 2.3% a year against a 7.0% required return, from the stock’s beta.
Others in the same sector
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TNKTeekay Tankers Ltd | $95.31 | 5.7x | 1.4x | 1.84% | 28.04% | $3.31B |
| DKLDelek Logistics Partners, LP | $57.38 | 19.9x | — | 7.86% | — | $3.32B |
| SDRLSEADRILL Ltd | $49.19 | 1639.7x | 1.1x | 0.00% | 0.04% | $3.08B |
| ARLPAlliance Resource Partners LP | $25.85 |
About the company
- Houston, United States