BSM Q4 2025 Earnings — Black Stone Minerals, L.P. Revenue & Financial Results | Market Cap Arena

BSMBlack Stone Minerals, L.P.

$3B

Q4 2025 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$95M-8.7% YoY

Gross Profit

$65M68.7% margin

Operating Income

$51M53.9% margin

Net Income

$72M75.9% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

+22.2%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$10M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$207M

Stockholders' Equity

$1.1B

Cash & Equivalents

$1M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$95M	$104M	-8.7%
Gross Profit	$65M	$80M	-18.6%
Operating Income	$51M	$48M	+8.0%
Net Income	$72M	$46M	+55.8%

Revenue Segments

Natural Gas

$44M90%

Real Estate

$5M10%