Black Stone Minerals, L.P.
BSMOther · Large accelerated filer · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $422.3M | $439.4M | $501.1M | $784.3M | $505.7M | $296.6M |
| Operating income | $308.4M | $273.1M | $423.6M | $482.5M | $187.3M | $132.1M |
| Net income | $299.9M | $271.3M | $422.5M | $476.5M | $182.0M | $121.8M |
| Total assets | $1.34B | $1.22B | $1.27B | $1.27B | $1.25B | $1.24B |
| Total liabilities | $207.1M | $89.5M | $49.5M | $61.3M | $184.3M | $185.0M |
| Equity | — | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | — | — | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 73.0%
- Net margin
- 71.0%
- Return on equity
- —
- Return on assets
- 22.5%
- Return on capital (ROCE)
- 23.5%
- Liabilities / assets
- 15.5%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- −3.9%
- Net income growth (YoY)
- 10.5%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −0.8%clean
- Piotroski F-Score
- 6/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 warning● 4 good- Revenue declined year-over-year
- Operating margin is positive
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Carlyle Group Inc.Passive (13G)May 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Dewalch D MarkDirector | May 28, 2026 | Buy | 37,650 | $13.21 |
| Carter Thomas L JrOfficer — Executive Chairman | May 13, 2026 | Buy | 1,120 | $13.50 |
| Longmaid Ashley JDirector | May 12, 2026 | Sell | 11,128 | $13.45 |
| Carter Thomas L JrOfficer — Executive Chairman | May 8, 2026 | Buy | 23,604 | $13.32 |
| Putman Luke StevensOfficer — SVP, General Counsel, and Sec | May 5, 2026 | Sell | 29,386 | $13.75 |
| Putman Luke StevensOfficer — SVP, General Counsel, and Sec | Apr 6, 2026 | Sell | 29,386 | $14.45 |
| Kyle Jerry V. Jr.Director | Apr 2, 2026 | Grant | 1,240 | $15.12 |
| Randall William E.Director | Apr 2, 2026 | Grant | 1,488 | $15.12 |
| Hamman Anne LenoirDirector | Apr 2, 2026 | Grant | 473 | $15.12 |
| Stuart Alexander D.Director | Apr 2, 2026 | Grant | 1,570 | $15.12 |
| Dewalch D MarkDirector | Apr 2, 2026 | Grant | 1,240 | $15.12 |
| Hamman Anne LenoirDirector | Mar 11, 2026 | Grant | 6,613 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 4.0M | 8.3 | +6.8% |
| Apr 30, 2026 | 3.7M | 12.2 | -0.7% |
| Apr 15, 2026 | 3.7M | 7.5 | -2.8% |
| Mar 31, 2026 | 3.9M | 8.9 | +3.1% |
| Mar 13, 2026 | 3.7M | 7.0 | +6.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 5, 2026
- Results of operations · Regulation FD disclosureFeb 24, 2026
- Director / officer changeFeb 10, 2026
- Director / officer changeNov 5, 2025
- Results of operationsNov 4, 2025
- Regulation FD disclosureSep 17, 2025
- Entered a material agreement · Modified shareholder rightsAug 27, 2025
- Results of operations · Regulation FD disclosureAug 5, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.