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Other financials

Income statement

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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

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Cash & equivalents$11.6M+379%
Total debt$4.6M-10.1%
Total equity$823.2M+19.8%
Total assets$1.3B+8.0%

Cash flow

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Operating cash flow$62.6M-3.5%

Valuation

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Market cap$3.02B+11.9%
Enterprise value$3.01B+11.6%
P/E10.2×+0.3×
P/S6.4×+0.3×

Profitability

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

Returns & leverage

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Return on equity56.6%
Debt / equity0.0×
Current ratio2.3×+1.0×

Where this comes from

Reported directly by Black Stone Minerals in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

The source filing: Black Stone Minerals’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:12 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030534
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Production costs and ad valorem taxes9,20010,185
Exploration expense4,6255,110
Depreciation, depletion, and amortization9,7859,130
General and administrative16,83215,172
Accretion of asset retirement obligations389332
TOTAL OPERATING EXPENSE42,72442,091
INCOME FROM OPERATIONS16,63517,161
OTHER INCOME (EXPENSE)

Item 1. Condensed Financial Statements (Unaudited)

FAQ

What is Black Stone Minerals's G&A?
Black Stone Minerals (BSM) reported G&A of $16.83M in Q1 2026.
How has Black Stone Minerals's G&A changed year-over-year?
Black Stone Minerals's G&A increased by 10.9% year-over-year, from $15.17M to $16.83M.
What is the long-term trend for Black Stone Minerals's G&A?
Over 4 years (2021 to 2025), Black Stone Minerals's G&A has grown at a 3.3% compound annual growth rate (CAGR), from $48.75M to $55.46M.
What does G&A mean?
Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

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