BSM - NYSE

Black Stone Minerals, L.P.

Black Stone Minerals, L.P.

BSMยทNYSE

$13.92

+1.9%
EnergyOil & Gas Exploration & Production

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.7 million gross acres located in 41 states in the United States. As of December 31, 2021, the company had a total estimated proved oil and natural gas reserves of 59,824 barrels of oil equivalent. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$2.96B
EPS1.2800
P/E Ratio10.87
Earnings Date08/03/2026
Black Stone Minerals, L.P.

Black Stone Minerals, L.P. Fair Value Envelope

BSM ยท NYSE

Our analysis suggests that BSM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $13.92, this represents a potential HIDDEN relative to our calculated worth for Black Stone Minerals, L.P..

HIDDEN
Intrinsic Value
Current Price: $13.92

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$945.7M
+ Cash & Equivalents$1.5M
Firm Value$947.2M
- Debt$154.0M
Equity Value$793.2M
/ Shares Outstanding211,862,412B
DCF Value$4
OVERVALUED BY 73%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$240.5M
$186.5M
$144.6M
$112.1M
$87.0M
$67.4M
$52.3M
$40.5M
$31.4M
$24.4M
Maintenance CapEx
-$1.8M
-$1.4M
-$1.1M
-$850.2K
-$659.3K
-$511.2K
-$396.4K
-$307.4K
-$238.4K
-$184.8K
Owner Earnings
$238.7M
$185.1M
$143.5M
$111.3M
$86.3M
$66.9M
$51.9M
$40.2M
$31.2M
$24.2M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$221.0M
$158.7M
$113.9M
$81.8M
$58.7M
$42.2M
$30.3M
$21.7M
$15.6M
$11.2M
Terminal Value represents 20.1% of Enterprise Value

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