Black Stone Minerals, L.P. (BSM) — Financial statements
Income statement, balance sheet, and cash flow for Black Stone Minerals, L.P. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 422↓3.9% | 439↓12.3% | 501↓36.1% | 784↑55.1% | 506 | |
| Cost of Revenue | 106↑1.5% | 104↓8.4% | 114↓9.8% | 126↑2.0% | 124 | |
| Gross Profit | 316↓5.6% | 335↓13.5% | 387↓41.2% | 658↑72.3% | 382 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 55↑6.5% | 52↑1.2% | 51↓4.1% | 54↑10.1% | 49 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 55↑6.5% | 52↑1.2% | 51↓4.1% | 54↑10.1% | 49 | |
| Other Expenses | 0.00↓100.0% | 10↑111.1% | -88↓172.3% | 122↓16.5% | 146 | |
| Operating Expenses | 55↓10.3% | 62↑269.2% | -37↓120.8% | 175↓9.8% | 195 | |
| Total Costs & Expenses | 162↓2.9% | 166↑114.6% | 78↓74.3% | 302↓5.2% | 318 | |
| Operating Results | ||||||
| Operating Income | 261↓4.5% | 273↓35.5% | 424↓12.2% | 482↑157.6% | 187 | |
| Depreciation & Amortization | 38↓15.3% | 45↓1.1% | 46↓4.4% | 48↓21.7% | 61 | |
| EBITDA | 347↑8.6% | 320↓32.1% | 471↓11.2% | 531↑113.4% | 249 | |
| EBIT | 309↑12.5% | 274↓35.5% | 425↓11.9% | 483↑157.3% | 188 | |
| Interest & Other Income | ||||||
| Net Interest Income | -9↓502.4% | -1↓62.7% | -0.89↑85.8% | -6↓10.6% | -6 | |
| Interest Income | 0.24↓85.8% | 2↓10.8% | 2↑3422.6% | 0.05↑5200.0% | 0.00 | |
| Interest Expense | 9↑187.2% | 3↑12.9% | 3↓56.2% | 6↑11.5% | 6 | |
| Non-Operating Income | -48↓3516.0% | -1↑22.1% | -2↓536.9% | -0.27↑10.7% | -0.30 | |
| Other Income / Expenses | 39↑2298.1% | -2↓70.0% | -1↑82.6% | -6↓12.7% | -5 | |
| Income Before Tax | 300↑10.5% | 271↓35.8% | 423↓11.3% | 476↑161.8% | 182 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 300↑10.5% | 271↓35.8% | 423↓11.3% | 476↑161.8% | 182 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 300↑10.5% | 271↓35.8% | 423↓11.3% | 476↑161.8% | 182 | |
| Bottom-Line Net Income | 270↑11.8% | 242↓42.8% | 423↓11.3% | 476↑196.0% | 161 | |
| EPS (Basic) | 1.28↑11.3% | 1.15↓39.8% | 1.91↓12.4% | 2.18↑183.1% | 0.77 | |
| EPS (Diluted) | 1.28↑11.3% | 1.15↓38.8% | 1.88↓11.3% | 2.12↑175.3% | 0.77 | |
| Weighted Average Shares | 212↑0.5% | 211↑0.3% | 210↑0.3% | 209↑0.6% | 208 | |
| Weighted Average Diluted Shares | 212↑0.5% | 211↓6.4% | 225↑0.3% | 224↑7.8% | 208 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.