BSM Q3 2025 Earnings — Black Stone Minerals, L.P. Revenue & Financial Results | Market Cap Arena

BSMBlack Stone Minerals, L.P.

$3B

Q3 2025 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$78M-24.5% YoY

Gross Profit

$52M66.5% margin

Operating Income

$40M50.7% margin

Net Income

$92M117.8% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-27.0%

Cash Flow

Operating Cash Flow

$100M

Free Cash Flow

$100M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$145M

Stockholders' Equity

$1.1B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$78M	$103M	-24.5%
Gross Profit	$52M	$77M	-32.8%
Operating Income	$40M	$93M	-57.6%
Net Income	$92M	$93M	-1.1%

Revenue Segments

Natural Gas

$43M90%

Real Estate

$5M10%