(BSM) Black Stone Minerals - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US09225M1018
Stock: Oil, Gas, Royalties
Total Rating 45
Risk 70
Buy Signal -0.14
| Risk 5d forecast | |
|---|---|
| Volatility | 18.8% |
| Relative Tail Risk | 3.52% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.33 |
| Alpha | -0.45 |
| Character TTM | |
|---|---|
| Beta | 0.488 |
| Beta Downside | 0.409 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.48% |
| CAGR/Max DD | 0.56 |
EPS (Earnings per Share)
Revenue
Description: BSM Black Stone Minerals March 05, 2026
Black Stone Minerals, L.P. (BSM) is an owner and manager of oil and natural gas mineral interests. The company primarily generates revenue from royalties on hydrocarbon production without incurring the direct operating costs of exploration and production. This business model is common among mineral and royalty companies.
BSM holds interests across approximately 16.9 million gross acres of mineral interests, 1.8 million gross acres of nonparticipating royalty interests, and 1.6 million gross acres of overriding royalty interests, spanning 41 U.S. states. The oil and gas sector is characterized by commodity price volatility.
Founded in 1876 and headquartered in Houston, Texas, BSM has a long operational history in the energy industry. Further research on platforms like ValueRay can provide additional insights into BSMs performance and financial health.
Headlines to watch out for
- Commodity price fluctuations directly impact royalty income
- Regulatory changes in drilling permits affect production volumes
- Acquisition strategy for new mineral interests drives growth
- Operating expenses for mineral management influence profitability
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 299.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA -8.86 > 1.0 |
| NWC/Revenue: 17.98% < 20% (prev 10.95%; Δ 7.03% < -1%) |
| CFO/TA 0.23 > 3% & CFO 310.2m > Net Income 299.9m |
| Net Debt (152.5m) to EBITDA (346.8m): 0.44 < 3 |
| Current Ratio: 3.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (212.1m) vs 12m ago 0.49% < -2% |
| Gross Margin: 75.06% > 18% (prev 0.76%; Δ 7.43k% > 0.5%) |
| Asset Turnover: 30.93% > 50% (prev 36.05%; Δ -5.12% > 0%) |
| Interest Coverage Ratio: 34.59 > 6 (EBITDA TTM 346.8m / Interest Expense TTM 8.93m) |
Altman Z''
| A: 0.05 (Total Current Assets 95.6m - Total Current Liabilities 24.6m) / Total Assets 1.34b |
| B: error (Retained Earnings missing) |
| C: 0.24 (EBIT TTM 308.9m / Avg Total Assets 1.28b) |
| D: 7.98 (Book Value of Equity 1.65b / Total Liabilities 207.1m) |
Beneish M 1.00
| DSRI: 1.03 (Receivables 65.6m/71.1m, Revenue 395.0m/439.4m) |
| GMI: 1.02 (GM 75.06% / 76.22%) |
| AQI: 178.9 (AQ_t 0.93 / AQ_t-1 0.01) |
| SGI: 0.90 (Revenue 395.0m / 439.4m) |
| TATA: -0.01 (NI 299.9m - CFO 310.2m) / TA 1.34b) |
| Beneish M-Score: 102.4 (Cap -4..+1) = D |
What is the price of BSM shares?
As of March 22, 2026, the stock is trading at USD 15.29 with a total of 391,461 shares traded.
Over the past week, the price has changed by -0.65%, over one month by +1.46%, over three months by +15.53% and over the past year by +9.54%.
Over the past week, the price has changed by -0.65%, over one month by +1.46%, over three months by +15.53% and over the past year by +9.54%.
Is BSM a buy, sell or hold?
Black Stone Minerals has received a consensus analysts rating of 3.00.
Therefor, it is recommend to hold BSM.
- StrongBuy: 0
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the BSM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 14 | -8.4% |
| Analysts Target Price | 14 | -8.4% |
BSM Fundamental Data Overview March 20, 2026
P/E Trailing = 11.9609
P/E Forward = 7.1736
P/S = 8.1073
P/B = 2.8808
P/EG = 1.22
Revenue TTM = 395.0m USD
EBIT TTM = 308.9m USD
EBITDA TTM = 346.8m USD
Long Term Debt = 154.0m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 154.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 152.5m USD (from netDebt column, last quarter)
Enterprise Value = 3.40b USD (3.25b + Debt 154.0m - CCE 1.48m)
Interest Coverage Ratio = 34.59 (Ebit TTM 308.9m / Interest Expense TTM 8.93m)
EV/FCF = 16.04x (Enterprise Value 3.40b / FCF TTM 212.2m)
FCF Yield = 6.24% (FCF TTM 212.2m / Enterprise Value 3.40b)
FCF Margin = 53.72% (FCF TTM 212.2m / Revenue TTM 395.0m)
Net Margin = 75.92% (Net Income TTM 299.9m / Revenue TTM 395.0m)
Gross Margin = 75.06% ((Revenue TTM 395.0m - Cost of Revenue TTM 98.5m) / Revenue TTM)
Gross Margin QoQ = 68.72% (prev 66.52%)
Tobins Q-Ratio = 2.55 (Enterprise Value 3.40b / Total Assets 1.34b)
Interest Expense / Debt = 1.84% (Interest Expense 2.84m / Debt 154.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = 244.0m (EBIT 308.9m * (1 - 21.00%))
Current Ratio = 3.88 (Total Current Assets 95.6m / Total Current Liabilities 24.6m)
Debt / Equity = 0.14 (Debt 154.0m / totalStockholderEquity, last quarter 1.13b)
Debt / EBITDA = 0.44 (Net Debt 152.5m / EBITDA 346.8m)
Debt / FCF = 0.72 (Net Debt 152.5m / FCF TTM 212.2m)
Total Stockholder Equity = 1.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 23.48% (Net Income 299.9m / Total Assets 1.34b)
RoE = 27.16% (Net Income TTM 299.9m / Total Stockholder Equity 1.10b)
RoCE = 24.54% (EBIT 308.9m / Capital Employed (Equity 1.10b + L.T.Debt 154.0m))
RoIC = 20.20% (NOPAT 244.0m / Invested Capital 1.21b)
WACC = 7.43% (E(3.25b)/V(3.40b) * Re(7.71%) + D(154.0m)/V(3.40b) * Rd(1.84%) * (1-Tc(0.21)))
Discount Rate = 7.71% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -3.02%
[DCF] Terminal Value 76.43% ; FCFF base≈248.0m ; Y1≈194.5m ; Y5≈126.6m
[DCF] Fair Price = 11.67 (EV 2.63b - Net Debt 152.5m = Equity 2.48b / Shares 212.3m; r=7.43% [WACC]; 5y FCF grow -25.75% → 2.90% )
EPS Correlation: -25.07 | EPS CAGR: 93.82% | SUE: 0.56 | # QB: 0
Revenue Correlation: -83.74 | Revenue CAGR: -12.41% | SUE: -1.34 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.28 | Chg7d=-0.015 | Chg30d=-0.015 | Revisions Net=-2 | Analysts=2
EPS current Year (2026-12-31): EPS=1.08 | Chg7d=-0.035 | Chg30d=-0.145 | Revisions Net=-2 | Growth EPS=-2.3% | Growth Revenue=-7.4%
EPS next Year (2027-12-31): EPS=1.20 | Chg7d=-0.135 | Chg30d=-0.135 | Revisions Net=-2 | Growth EPS=+10.6% | Growth Revenue=+7.1%
[Analyst] Revisions Ratio: -1.00 (0 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -0.4% (Discount Rate 7.9% - Earnings Yield 8.4%)
[Growth] Growth Spread = -30.3% (Analyst -30.7% - Implied -0.4%)
P/E Forward = 7.1736
P/S = 8.1073
P/B = 2.8808
P/EG = 1.22
Revenue TTM = 395.0m USD
EBIT TTM = 308.9m USD
EBITDA TTM = 346.8m USD
Long Term Debt = 154.0m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 154.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 152.5m USD (from netDebt column, last quarter)
Enterprise Value = 3.40b USD (3.25b + Debt 154.0m - CCE 1.48m)
Interest Coverage Ratio = 34.59 (Ebit TTM 308.9m / Interest Expense TTM 8.93m)
EV/FCF = 16.04x (Enterprise Value 3.40b / FCF TTM 212.2m)
FCF Yield = 6.24% (FCF TTM 212.2m / Enterprise Value 3.40b)
FCF Margin = 53.72% (FCF TTM 212.2m / Revenue TTM 395.0m)
Net Margin = 75.92% (Net Income TTM 299.9m / Revenue TTM 395.0m)
Gross Margin = 75.06% ((Revenue TTM 395.0m - Cost of Revenue TTM 98.5m) / Revenue TTM)
Gross Margin QoQ = 68.72% (prev 66.52%)
Tobins Q-Ratio = 2.55 (Enterprise Value 3.40b / Total Assets 1.34b)
Interest Expense / Debt = 1.84% (Interest Expense 2.84m / Debt 154.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = 244.0m (EBIT 308.9m * (1 - 21.00%))
Current Ratio = 3.88 (Total Current Assets 95.6m / Total Current Liabilities 24.6m)
Debt / Equity = 0.14 (Debt 154.0m / totalStockholderEquity, last quarter 1.13b)
Debt / EBITDA = 0.44 (Net Debt 152.5m / EBITDA 346.8m)
Debt / FCF = 0.72 (Net Debt 152.5m / FCF TTM 212.2m)
Total Stockholder Equity = 1.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 23.48% (Net Income 299.9m / Total Assets 1.34b)
RoE = 27.16% (Net Income TTM 299.9m / Total Stockholder Equity 1.10b)
RoCE = 24.54% (EBIT 308.9m / Capital Employed (Equity 1.10b + L.T.Debt 154.0m))
RoIC = 20.20% (NOPAT 244.0m / Invested Capital 1.21b)
WACC = 7.43% (E(3.25b)/V(3.40b) * Re(7.71%) + D(154.0m)/V(3.40b) * Rd(1.84%) * (1-Tc(0.21)))
Discount Rate = 7.71% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -3.02%
[DCF] Terminal Value 76.43% ; FCFF base≈248.0m ; Y1≈194.5m ; Y5≈126.6m
[DCF] Fair Price = 11.67 (EV 2.63b - Net Debt 152.5m = Equity 2.48b / Shares 212.3m; r=7.43% [WACC]; 5y FCF grow -25.75% → 2.90% )
EPS Correlation: -25.07 | EPS CAGR: 93.82% | SUE: 0.56 | # QB: 0
Revenue Correlation: -83.74 | Revenue CAGR: -12.41% | SUE: -1.34 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.28 | Chg7d=-0.015 | Chg30d=-0.015 | Revisions Net=-2 | Analysts=2
EPS current Year (2026-12-31): EPS=1.08 | Chg7d=-0.035 | Chg30d=-0.145 | Revisions Net=-2 | Growth EPS=-2.3% | Growth Revenue=-7.4%
EPS next Year (2027-12-31): EPS=1.20 | Chg7d=-0.135 | Chg30d=-0.135 | Revisions Net=-2 | Growth EPS=+10.6% | Growth Revenue=+7.1%
[Analyst] Revisions Ratio: -1.00 (0 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -0.4% (Discount Rate 7.9% - Earnings Yield 8.4%)
[Growth] Growth Spread = -30.3% (Analyst -30.7% - Implied -0.4%)