BSM - NYSE
Black Stone Minerals, L.P.
$13.92
+1.9%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.
At a Glance
Live SnapshotBlack Stone Minerals, L.P. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
Black Stone Minerals, L.P. Cash Flow Statement
BSM • NYSE
| Black Stone Minerals, L.P. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||
299.9M | 271.3M | 422.5M | 476.5M | 182M | 121.8M | 214.4M | 295.6M | 157.2M | 20.2M | -101.3M | 169.2M | 169M | 107.5M | |
36.9M | 46.5M | 0.0 | 47.8M | 61M | 82M | 109.6M | 122.7M | 114.5M | 102.5M | 104.3M | 231M | 160.1M | 167.7M | |
0.0 | 0.0 | 0.0 | 0.0 | -61M | -82M | 0.0 | -14.8M | -27.8M | 38.4M | 154.4M | 0.0 | 0.0 | 0.0 | |
9.6M | 8.6M | 10.8M | 17.4M | 12.2M | 3.7M | 20.5M | 30.1M | 33M | 43.1M | 18M | 11.3M | 6.8M | 7.2M | |
-34.1M | 51.2M | 39.1M | -80.2M | 95.2M | 146.2M | 34.6M | -28.3M | 16.9M | 46.2M | 65.1M | 192.5M | 168.4M | 82.9M | |
-2.1M | 11.5M | 48.8M | -36.5M | -32.5M | 10.1M | 33.7M | -19.8M | -11.9M | -53.8M | 44.2M | 23.1M | -23.4M | 13.5M | |
310.2M | 389M | 521.3M | 425M | 256.9M | 281.8M | 412.7M | 385.4M | 281.9M | 196.7M | 284.7M | 396.1M | 320.8M | 358M | |
INVESTING ACTIVITIES | ||||||||||||||
-11.8M | -4.2M | -19.8M | -12.6M | -14.6M | -4.8M | -111.3M | -297.3M | -484.5M | -221.7M | -116.7M | -120.6M | -195.7M | -200M | |
-118M | (0.0) | (0.0) | (11.3M) | (318K) | (156.1M) | (0.0) | (131.8M) | (30.3M) | (198K) | (25.7M) | (0.0) | (0.0) | (0.0) | |
11.5M | -108M | 73K | 0.0 | 0.0 | 0.0 | 62.7M | 133.5M | 30.3M | 198K | 25.7M | 19.5M | 74K | 1M | |
-118.3M | -112.2M | -19.7M | -1.2M | -14.3M | (151.2M) | -48.6M | -163.8M | -454.2M | -221.5M | -91M | -101.1M | -195.6M | -199M | |
FINANCING ACTIVITIES | ||||||||||||||
-3.8M | -4.4M | -5.5M | -3M | -2M | -5M | -17M | 27.8M | 298M | -45.9M | 355.3M | -12.8M | 73.5M | 0.0 | |
129M | 25M | -10M | -79M | -32M | -273M | -16M | 22M | 72M | 250M | -328M | -57M | 87.9M | 0.0 | |
-315.1M | -365.1M | -419.8M | -343.4M | -197.9M | -161.3M | -328.4M | -268.5M | -198.6M | -182.3M | -221M | -240.7M | -241.4M | -238.6M | |
-3.8M | -4.4M | -5.5M | -3M | -2M | -5M | -17M | -12.7M | -27.9M | -45.9M | -43.8M | -5.2M | -118.1M | -9.1M | |
-3M | -64K | -216K | -2.9M | -3.6M | 0.0 | 0.0 | -3.2M | -277M | -18.8M | 39.2M | -7.5M | 129.3M | 100.4M | |
-192.9M | -344.6M | -435.5M | -428.3M | -235.5M | -439.4M | -361.4M | -221.8M | 168.3M | 21.4M | -195.3M | -310.3M | -142.3M | -138.2M | |
CASH FLOW SUMMARY | ||||||||||||||
-1M | -67.8M | 66M | -4.6M | 7.1M | -6.3M | 2.7M | -228K | -4.1M | -3.5M | -1.6M | -15.3M | -17.2M | 20.9M | |
2.5M | 70.3M | 4.3M | 8.9M | 1.8M | 8.1M | 5.4M | 5.6M | 9.8M | 13.2M | 14.8M | 30.1M | 47.3M | 26.4M | |
1.5M | 2.5M | 70.3M | 4.3M | 8.9M | 1.8M | 8.1M | 5.4M | 5.6M | 9.8M | 13.2M | 14.8M | 30.1M | 47.3M | |
298.4M | 384.8M | 501.4M | 412.4M | 242.2M | 277M | 301.4M | 88M | -202.7M | -25.1M | 168M | 275.5M | 125.1M | 158M |
SEC Filings
BSM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 05, 2026 | May 04, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 30, 2026 | June 11, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 24, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 24, 2026 | February 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 10, 2026 | February 04, 2026 | 2026 | |
8-K/A 8-K/A 2025 (Amended) N/A | January 07, 2026 | October 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 05, 2025 | October 30, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 04, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 04, 2025 | November 03, 2025 | 2025 |
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