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Black Stone Minerals BSM Q4 2025 Annual earnings

Reported February 23, 2026 · After market close

Revenue$118.7MBeat by $20.3M
EPS$0.31Beat by $0.04
Revenue estimate$98.4M
EPS estimate$0.27

Next report

Nov 2, 2026 (in a month)
Revenue estimate$112.7M
EPS estimate$0.21

Financials

Q4 2025

Income statement

See full
Revenue$118.7M+41.8%
Operating income$74.9M+57.5%
Net income$72.2M+55.8%
EPS (diluted)$0.31+63.2%

Balance sheet

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Cash & equivalents$1.5M-41.3%
Total debt$4.7M+144%
Total assets$1.3B+9.6%

Cash flow

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Operating cash flow$65.1M-28.4%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$2.82B-8.5%
Enterprise value$2.82B-8.3%
P/E9.4×-1.9×
P/S6×-1.1×

Profitability

See full
Operating margin65.6%+2.7pp
Net margin63.8%+1.3pp

Returns & leverage

See full
Current ratio3.9×+1.3×

Segments

By product

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Oil and condensate sales$46.4M-22.7%
Natural gas and natural gas liquids sales$44.1M+4.1%
Lease bonus and other income$4.7M+138%

FAQ

When did Black Stone Minerals report Q4 2025 earnings?
Black Stone Minerals (BSM) reported Q4 2025 earnings on February 23, 2026 after market close.
What were Black Stone Minerals's Q4 2025 revenue and EPS?
Black Stone Minerals reported revenue of $118.7M and eps of $0.31 for Q4 2025.
Did Black Stone Minerals beat estimates in Q4 2025?
Revenue beat the consensus estimate of $98.4M by $20.3M. EPS beat the consensus estimate of $0.27 by $0.04.
How did Black Stone Minerals's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 13.8% from $104.3M a year earlier and eps grew 72.2% from $0.18.
Where can I find Black Stone Minerals's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001621434-26-000015) and the 10-K periodic report (0001621434-26-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.