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Black Stone Minerals, L.p. revenue

Black Stone Minerals, L.p.'s revenue was $470m in fiscal 2025, up 8.4% on the year before. Since fiscal 2013 ($464m) it has grown at a compound 0.1% a year. Over the last twelve months it was $491m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Black Stone Minerals, L.p.: revenue history, annual
Fiscal year2013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue464548393261430610488343359664592434470491
Growth on the year before—+18.3%−28.3%−33.6%+64.7%+41.9%−20.0%−29.7%+4.8%+84.7%−10.8%−26.8%+8.4%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Oil Reserves $209M ▼ 22.2%
Natural Gas Reserves $192M ▲ 21.3%
Real Estate $21.4M ▲ 71.3%

These categories overlap or exclude eliminations, so shares aren't shown.

From Black Stone Minerals, L.p.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Oil & Gas Exploration & Production: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Black Stone Minerals, L.p. $491m 13.0% -8.0%
Geopark Ltd $493m -25.5% —
Granite Ridge Resources, Inc. $496m 14.6% 4.7%
TXO Partners, L.p. $497m 49.6% 9.2%
Riley Exploration Permian, Inc. $484m 23.2% 13.3%
Greenfire Resources Ltd. $418m -27.6% —

Compare with peers

Head to head: BSM vs GPRKBSM vs GRNTBSM vs TXO

More: Oil & Gas Exploration & Production stocks compared, Energy sector, rankings of US companies

Figures from Black Stone Minerals, L.p.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Black Stone Minerals, L.p.