Black Stone Minerals, L.P. BSM
Oil & Gas Production · IPO 2015 · data as of November 13, 2026
Black Stone Minerals, L.P. (BSM) is a energy company listed in the US with a market value of about $3.0B. In the twelve months to September 30, 2026 it had revenue of $521M and net income of $215M, a net margin of 41.2%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is value (4/5); the weakest is future growth (0/5).
Key numbers: a P/E of 14.1, a price to free cash flow of 9.4, 5-year revenue growth of 7% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 20% below the current price.
Score: 2.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- Profitable 5 years in a row
- Positive free cash flow
- Interest covered more than 5 times
- Debt below 3 years of free cash flow
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Valuation
Growth and quality
Financials, last 7 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $521M | $470M | $434M | $592M | $784M | $506M | $343M | $488M |
| Net income | $215M | $270M | $271M | $423M | $476M | $182M | $122M | $214M |
| Free cash flow | $322M | $310M | $388M | $517M | $413M | $253M | $278M | $348M |
| EPS (diluted) | $1.01 | $1.27 | — | — | — | — | — | — |
| Net margin | 41.2% | 57.6% | 62.6% | 71.4% | 60.8% | 36.0% | 35.5% | 43.9% |
| ROIC | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 1 analysts is $16.00, 13% above the current price; targets range from $16.00 to $16.00; the consensus rating is “Hold”; expected EPS is $1.01 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Black Stone Minerals, L.P.’s P/E ratio?
About 14.1, based on the last twelve months of diluted earnings per share (forward P/E about 13.1).
Is Black Stone Minerals, L.P. stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 20% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Black Stone Minerals, L.P. pay a dividend?
Yes. The dividend yield is about 9.08%.
Is Black Stone Minerals, L.P. a good stock to buy?
We do not give buy or sell advice. Black Stone Minerals, L.P. scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.