Black Stone Minerals, L.P. (BSM)
Energy · NYQ · US
Price as at 2 Oct 2026, 01:07 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Black Stone Minerals, L.P. trades at $14.48, which is 30% above the $10.20 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 86 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 11.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
BSM dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.920 | 3 |
| 2025 | $1.35 | 4 |
| 2024 | $1.60 | 4 |
| 2023 | $1.90 | 4 |
| 2022 | $1.54 | 4 |
| 2021 | $0.850 | 4 |
| 2020 | $0.680 | 4 |
| 2019 | $1.48 | 4 |
| 2018 | $1.33 | 4 |
| 2017 | $1.20 | 4 |
| 2016 | $1.10 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
BSM earnings and analyst estimates
Recommendation mix, 3 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Black Stone Minerals, L.P.
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
BSM passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
3 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Griffin, CITADEL ADVISORS LLC$1.25M · 0.0% of book
- Tweedy Browne, Tweedy, Browne Co LLC$1.17M · 0.1% of book
- First Eagle, First Eagle Investment Management, LLC$409.1K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
BSM peers
The largest companies in the same industry (Oil & Gas E&P), then in the same sector.
- WOPEF Woodside Energy Group Ltd
- EQT EQT Corporation
- EXE Expand Energy Corporation
- PR Permian Resources Corporation
- TRMOY TRMOY
- WCP.TO Whitecap Resources Inc.
- VARRY Vår Energi ASA
- APA APA Corporation
Every energy company we cover is on the Energy hub.
Common questions
Is Black Stone Minerals, L.P. (BSM) undervalued?
Against our fair value estimate of $10.20, BSM at $14.48 is 30% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own BSM?
3 of the institutions we track reported a position in BSM in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is BSM's P/E ratio?
BSM trades at 11.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Black Stone Minerals, L.P. (BSM) pay a dividend?
Yes. Black Stone Minerals, L.P. yields 8.53% at the current share price. It has paid $1.22 per share over the trailing twelve months. It has paid a dividend in each of the last 11 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does BSM report earnings next?
Black Stone Minerals, L.P. is scheduled to report on 2 Nov 2026. Companies move earnings dates, so read it as scheduled rather than certain.
Where does SteadyShares get its BSM data?
Fundamentals for BSM come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 2 Oct 2026, 01:07 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for BSM, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.