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Black Stone Minerals BSM Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Revenue from contracts with customers by Product
Lease bonus and other income$20.81M+31.4%$21.35M+71.3%$18.63M+30.2%$15.76M+9.9%$15.84M+31.1%
Natural gas and natural gas liquids sales$196.79M+13.0%$191.62M+21.3%$189.87M+13.0%$183.83M+2.3%$174.13M-5.8%
Oil and condensate sales$213.38M-13.9%$209.36M-22.2%$222.94M-22.9%$229.85M-26.1%$247.93M-17.0%

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Questions, answered.

How does Black Stone Minerals break its business down?
Black Stone Minerals (BSM) reports revenue from contracts with customers by product across 3 parts — Lease bonus and other income, Natural gas and natural gas liquids sales and Oil and condensate sales. Each is extracted from the segment footnotes and tracked over time.
Where does Black Stone Minerals's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Black Stone Minerals's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.