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Black Stone Minerals BSM Q1 2026 earnings

Reported May 4, 2026 · After market close

Revenue$59.4MMiss by $48.0MDiluted EPS$0.03Miss by $0.19
Revenue estimate$107.4M
EPS estimate$0.22

Next report

Aug 3, 2026 (In 3 weeks)
Revenue estimate$108.6M
EPS estimate$0.22

Financials

Q1 2026

Income statement

See full
Revenue$59.4M+0.2%
Operating income$16.6M-3.1%
Net income$13.3M-16.8%
EPS (diluted)$0.03-25.0%

Balance sheet

See full
Cash & equivalents$11.6M+379%
Total debt$4.6M-10.1%
Total assets$1.3B+8.0%

Cash flow

See full
Operating cash flow$62.6M-3.5%

Valuation & ratios

Valuation

as of 07/10/26
See full
Market cap$3.01B-0.4%
Enterprise value$3B-0.7%
P/E10.1×-3.4×
P/S6.4×-1.4×

Profitability

See full
Operating margin65.5%+7.1pp
Net margin63.2%+5.6pp

Returns & leverage

See full
Current ratio2.3×+1.0×

Segments

By product

See full
Natural gas and natural gas liquids sales$63.4M+8.9%
Oil and condensate sales$54.1M+8.0%
Lease bonus and other income$6.4M-7.8%

Versus estimates

Revenue

Q1 2026$59.4MMiss by $48.0M
Q4 2025$118.7MBeat by $20.3MQ3 2025$77.9MMiss by $20.2MQ2 2025$106.7MMiss by $12.4MQ1 2025$115.3MMiss by $1.8MQ4 2024$104.3MMiss by $11.2M

Diluted EPS

Q1 2026$0.03Miss by $0.19
Q4 2025$0.31Beat by $0.04Q3 2025$0.40Beat by $0.12Q2 2025$0.53Beat by $0.23Q1 2025$0.31Miss by $0.01Q4 2024$0.18Miss by $0.21

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Questions, answered.

When did Black Stone Minerals report Q1 2026 earnings?
Black Stone Minerals (BSM) reported Q1 2026 earnings on May 4, 2026 after market close.
What were Black Stone Minerals's Q1 2026 revenue and EPS?
Black Stone Minerals reported revenue of $59.4M and diluted EPS of $0.03 for Q1 2026.
Did Black Stone Minerals beat estimates in Q1 2026?
Revenue missed the consensus estimate of $107.4M by $48.0M. EPS missed the consensus estimate of $0.22 by $0.19.
How did Black Stone Minerals's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 48.5% from $115.3M a year earlier and diluted EPS declined 90.3% from $0.31.
Where can I find Black Stone Minerals's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-030031) and the 10-Q periodic report (0001628280-26-030534) directly on SEC EDGAR. The filing index links above go to sec.gov.