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Black Stone Minerals BSM Payments to Explore and Develop Oil and Gas Properties

Payments to Explore and Develop Oil and Gas Properties at other companies

Black Stone Minerals logo
Black Stone MineralsBSM
$175K+35.7%
Northern Oil and Gas logo
Northern Oil and GasNOG
$634.62M+140%
MTD
Matador ResourcesMTDR
$377.38M-0.3%
SM Energy logo
SM EnergySM
$555M+34.1%
Chord Energy logo
Chord EnergyCHRD
$351.28M+13.7%
Crescent Energy logo
Crescent EnergyCRGY
$320.4M+60.8%

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$3.01B-0.4%
Enterprise value$3.01B-0.7%
P/E10.1×-3.4×
P/S6.4×-1.4×

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:PaymentsToExploreAndDevelopOilAndGasProperties.

The official record: Black Stone Minerals’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Black Stone Minerals's payments to explore and develop oil and gas properties?
Black Stone Minerals (BSM) reported payments to explore and develop oil and gas properties of $175K in Q1 2026.
How has Black Stone Minerals's payments to explore and develop oil and gas properties changed year-over-year?
Black Stone Minerals's payments to explore and develop oil and gas properties increased by 35.7% year-over-year, from $129K to $175K.
What is the long-term trend for Black Stone Minerals's payments to explore and develop oil and gas properties?
Over 4 years (2021 to 2025), Black Stone Minerals's payments to explore and develop oil and gas properties has grown at a -37.0% compound annual growth rate (CAGR), from $4.07M to $640K.
What does payments to explore and develop oil and gas properties mean?
This captures the capital expenditures directed toward the exploration and development of existing oil and gas properties. These investments are intended to maintain or increase production levels and enhance the value of the mineral interest portfolio. It serves as a measure of the company's commitment to organic growth and asset optimization.