Black Stone Minerals, L.P.
BSMEnergyNASDAQOil & Gas E&P · Last scanned May 29, 2026
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Daily timeframeBlack Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. With a market capitalization of $2.88B, it sits in mid-cap territory. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.
Market Cap
$2.88B
Beta
0.05
P/E (TTM)
10.68
P/E (Fwd)
11.54
EPS (TTM)
$1.27
EPS (Fwd)
$1.18
ROE
27.8%
ROA
14.9%
Cash
$11.6M
Total Debt
$187.0M
Free CF
$95.4M
52W Change
0.2%
Annual Financials
Cash vs Debt
On the balance sheet, BSM has $11.6M in cash with $187.0M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $95.4M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 27.8% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 14.9% further supports the picture of efficient asset utilization. Revenue has pulled back from $784.3M (2022) to $422.3M (2025), a 46% decline worth watching.
BSM's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing BSM.