Black Stone Minerals, L.P.
Company Stats
- Market Cap
- $3.0B
- as of Sep 30, 2026
- Shares Outstanding
- 212.7M
- Free Float
- 76.2%
Income Statement
- Revenue
- $469.9M
- Operating Income
- $308.4M
- Net Income
- $299.9M
- EBITDA
- $345.3M
- Revenue Growth, 3Y
- -10.9%
- FCF Margin, 3Y Avg
- 81.1%
- FCF Margin, Worst Year
- 65.9%
Cash Flow
- Free Cash Flow
- $309.9M
- FCF Yield
- 10.2%
- Owner FCF Yield
- 9.9%
Balance Sheet
- Cash & Equivalents
- $1.5M
Returns & Capital
- SBC, 3Y Avg
- $9.7M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $469.9M | $309.9M | 65.9% |
| FY2024 | $433.7M | $387.6M | 89.4% |
| FY2023 | $592.2M | $520.8M | 87.9% |
| FY2022 | $663.6M | $424.5M | 64.0% |
| FY2021 | $359.3M | $256.5M | 71.4% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 13, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Energy Earnings: Demand Runs Hot, Capex Stays Disciplined