Black Stone Minerals LP (BSM) financial statements
Black Stone Minerals LP reported revenue of $422M in fiscal 2025, up 4.0% a year over 9 years.
Net income was $270M and the operating margin 73.0%, against 9.2% in 2016.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Black Stone Minerals LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $297M | $403M | $595M | $493M | $297M | $506M | $784M | $501M | $439M | $422M |
| Selling, general and admin | $73M | $78M | $77M | $63M | $43M | $49M | $54M | $51M | $52M | $55M |
| Operating income | $27M | $172M | $318M | $235M | $132M | $187M | $482M | $424M | $273M | $308M |
| Interest expense | $8M | $16M | $21M | $21M | $10M | $6M | $6M | $3M | $3M | $9M |
| Net income | $14M | $152M | $275M | $193M | $101M | $182M | $476M | $423M | $271M | $270M |
| Operating margin | 9.2% | 42.7% | 53.5% | 47.7% | 44.5% | 37.0% | 61.5% | 84.5% | 62.2% | 73.0% |
| Net margin | 4.9% | 37.8% | 46.2% | 39.2% | 34.0% | 36.0% | 60.8% | 84.3% | 61.7% | 64.0% |
Balance sheet
Fiscal years, from Black Stone Minerals LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $10M | $6M | $5M | $8M | $2M | $9M | $4M | $70M | $3M | $1M |
| Receivables | $68M | $81M | $113M | $78M | $62M | $97M | $136M | $82M | $71M | $3M |
| Total current assets | $79M | $88M | $158M | $102M | $67M | $108M | $173M | $193M | $79M | $96M |
| Property, plant and equipment | $1.0B | $1.5B | $1.6B | $1.4B | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B |
| Total assets | $1.1B | $1.6B | $1.8B | $1.5B | $1.2B | $1.2B | $1.3B | $1.3B | $1.2B | $1.3B |
| Total current liabilities | $71M | $60M | $65M | $30M | $40M | $77M | $31M | $26M | $30M | $25M |
| Total liabilities | $403M | $486M | $548M | $448M | $185M | $184M | $61M | $50M | $89M | $207M |
| Net debt | -$10M | -$6M | -$5M | -$8M | -$2M | -$9M | -$4M | -$70M | -$3M | -$1M |
Cash flow
Fiscal years, from Black Stone Minerals LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $197M | $282M | $385M | $413M | $282M | $257M | $425M | $521M | $389M | $310M |
| Stock-based compensation | $43M | $33M | $30M | $20M | $4M | $12M | $17M | $11M | $9M | $10M |
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What was Black Stone Minerals LP's revenue in 2025?
$422M in fiscal 2025, from its 10-K filing.
From Black Stone Minerals LP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.