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Segments

By product

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Natural gas and natural gas liquids sales$63.41M+8.9%
Oil and condensate sales$54.11M+8.0%
Lease bonus and other income$6.39M-7.8%

Other financials

Income statement

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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:Revenues.

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
Lease bonus and other income6,3876,925
Revenue from contracts with customers123,909115,253
Gain (loss) on commodity derivative instruments, net(64,550)(56,001)
TOTAL REVENUE59,35959,252
OPERATING (INCOME) EXPENSE
Lease operating expense1,8932,162
Production costs and ad valorem taxes9,20010,185
Exploration expense4,6255,110

Item 1. Condensed Financial Statements (Unaudited)

FAQ

What is Black Stone Minerals's total revenue?
Black Stone Minerals (BSM) reported total revenue of $59.36M in Q1 2026.
How has Black Stone Minerals's total revenue changed year-over-year?
Black Stone Minerals's total revenue increased by 0.2% year-over-year, from $59.25M to $59.36M.
What is the long-term trend for Black Stone Minerals's total revenue?
Over 4 years (2021 to 2025), Black Stone Minerals's total revenue has grown at a 6.9% compound annual growth rate (CAGR), from $359.26M to $469.92M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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