Black Stone Minerals, L.P. BSM | NYSE
$14.31
-$0.15 | -1.04%
SIGNAL:
|2026-09-28
|F&G 38
|RSI 40.5
|2026-09-28
|F&G 38
|RSI 40.5
Company Overview:
Market Cap:
$3.04B
Trailing PE:
11.8x
FWD PE *:
13.6x
Payout Ratio (TTM):
100.2%
52-Week Range:
$12.32 - $15.49
* Forward PE is based on street estimates.
10 Year BSM Performance Metrics:
Total Return (with DRIP):
102.8% (7.33% CAGR)
Total Return (no DRIP):
56.2% (4.56% CAGR)
Share Price:
-19.7% (-2.16% CAGR)
Yield on Cost (with DRIP):
18.14%
Total Invested:
$10,000
Total Value (with DRIP):
$20,282
Total Return $ (with DRIP):
$10,282
Dividend Increase:
4.3% (0.44% CAGR)
Dividend Yield (FWD):
8.94% ($1.28)
BSM 10-yr Total Return ($10K invested)
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
BSM Share Price
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
All
BSM Price CAGR:1Y: 7.92%2Y: -2.65%5Y: 4.02%10Y: -2.25%
BSM Dividend Charts
BSM Dividend CAGR:1Y: 6.67%2Y: -7.62%5Y: 5.06%10Y: 1.08%
BSM Dividend Payout Ratio CAGR:1Y: -7.46%2Y: -27.28%5Y: -24.33%10Y: 0.00%
BSM Dividend to FCF Ratio CAGR:1Y: -51.58%2Y: -2.05%5Y: 2.64%10Y: 0.00%
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BSM Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:
BSM Revenue CAGR:1Y: 14.44%2Y: 2.97%5Y: 15.88%10Y: 11.65%
BSM EPS CAGR:1Y: -11.32%2Y: 27.31%5Y: 56.54%10Y: 0.00%
BSM Net Income CAGR:1Y: -11.39%2Y: 24.77%5Y: 47.13%10Y: 0.00%
BSM EBITDA CAGR:1Y: -9.06%2Y: 22.13%5Y: 47.62%10Y: 27.63%
BSM Free Cash Flow CAGR:1Y: 69.34%2Y: -7.37%5Y: 8.47%10Y: 0.00%
BSM Free Cash Flow / Share CAGR:1Y: 68.71%2Y: -7.76%5Y: 8.00%10Y: 0.00%
BSM Operating Income CAGR:1Y: -31.94%2Y: 6.02%5Y: 37.35%10Y: 0.00%
BSM Gross Profit CAGR:1Y: 16.13%2Y: 6.57%5Y: 0.00%10Y: 0.00%
BSM Shares Outstanding CAGR:1Y: -6.30%2Y: 0.42%5Y: 0.43%10Y: 1.04%
BSM Share Buybacks CAGR:1Y: 0.00%2Y: 485.99%5Y: 0.00%10Y: -24.53%
BSM Stock-Based Comp CAGR:1Y: 26.53%2Y: 6.05%5Y: -4.18%10Y: -18.52%
BSM Expenses CAGR:1Y: -76.89%2Y: 1,968.36%5Y: -11.40%10Y: -25.94%
BSM Revenue CAGR:1Y: 14.44%2Y: 2.97%5Y: 15.88%10Y: 11.65%
BSM Revenue CAGR:1Y: 14.44%2Y: 2.97%5Y: 15.88%10Y: 11.65%
Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:
BSM Actual Revenue CAGR:1Y: 14.44%2Y: 2.97%5Y: 15.88%10Y: 11.65%
BSM Actual EPS CAGR:1Y: -11.32%2Y: 27.31%5Y: 56.54%10Y: 0.00%
BSM Actual Net Income CAGR:1Y: -11.39%2Y: 24.77%5Y: 47.13%10Y: 0.00%
BSM Actual EBITDA CAGR:1Y: -9.06%2Y: 22.13%5Y: 47.62%10Y: 27.63%
Ratios, Profit Margins & Return on Capital:
BSM Net Profit Margin CAGR:1Y: -22.57%2Y: 21.17%5Y: 26.96%10Y: 0.00%
BSM Gross Profit Margin CAGR:1Y: 1.47%2Y: 3.50%5Y: 9.99%10Y: 84.28%
BSM Price to Earnings CAGR:1Y: 20.44%2Y: -21.90%5Y: -27.15%10Y: 0.00%
BSM Price To Sales Ratio CAGR:1Y: -6.32%2Y: -8.30%5Y: -8.67%10Y: -10.44%
BSM Return on Capital Employed CAGR:1Y: -37.18%2Y: -0.18%5Y: 33.10%10Y: 0.00%
BSM Return on Invested Capital CAGR:1Y: -37.18%2Y: -0.18%5Y: -28.84%10Y: 0.00%
BSM Dividends Info:
Annual Dividend:
$1.28
Forward Yield:
8.94%
Ex-Dividend Date:
2026-08-06
Lifetime Dividends / Share:
$14.75
BSM Dividend History: Dates, Payments & Yield list
Below is a schedule of all BSM dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield
| Ex-Date | Payment Date | Amount | Yield | Forward Yield | Price on Ex-Date |
|---|---|---|---|---|---|
| 08/06/2026 | 08/13/2026 | $0.320 | 9.03% | 8.9% | $14.38 |
| 05/08/2026 | 05/15/2026 | $0.300 | 9.02% | 8.57% | $14.01 |
| 02/18/2026 | 02/25/2026 | $0.300 | 8.09% | 8% | $15.00 |
| 11/06/2025 | 11/13/2025 | $0.300 | 9.13% | 8.78% | $13.66 |
| 08/07/2025 | 08/14/2025 | $0.300 | 9.8% | 9.64% | $12.45 |
| 05/08/2025 | 05/15/2025 | $0.375 | 11.07% | 10.91% | $13.75 |
| 02/18/2025 | 02/25/2025 | $0.375 | 10.02% | 9.93% | $15.11 |
| 11/08/2024 | 11/15/2024 | $0.375 | 10.01% | 9.86% | $15.22 |
| 08/05/2024 | 08/26/2024 | $0.375 | 10.56% | 10.13% | $14.81 |
| 08/09/2024 | 08/16/2024 | $0.375 | 10.53% | 10.14% | $14.79 |
| 05/09/2024 | 05/17/2024 | $0.375 | 9.2% | 9.24% | $16.23 |
| 02/15/2024 | 02/23/2024 | $0.475 | 12.39% | 12.34% | $15.40 |
| 11/08/2023 | 11/16/2023 | $0.475 | 11.07% | 10.98% | $17.31 |
| 08/10/2023 | 08/18/2023 | $0.475 | 11.26% | 11.08% | $17.15 |
| 05/11/2023 | 05/19/2023 | $0.475 | 12.49% | 11.59% | $16.40 |
| 02/15/2023 | 02/23/2023 | $0.475 | 11.88% | 12.32% | $15.42 |
| 11/09/2022 | 11/17/2022 | $0.450 | 10.21% | 10.03% | $17.95 |
| 08/11/2022 | 08/19/2022 | $0.420 | 11.29% | 10.65% | $15.78 |
| 05/12/2022 | 05/20/2022 | $0.400 | 10.87% | 10.68% | $14.98 |
| 02/15/2022 | 02/23/2022 | $0.270 | 9.27% | 9.43% | $11.45 |
| 11/10/2021 | 11/19/2021 | $0.250 | 8.58% | 8.84% | $11.31 |
| 08/12/2021 | 08/20/2021 | $0.250 | 9.53% | 10% | $10.00 |
| 05/13/2021 | 05/21/2021 | $0.175 | 7.03% | 7.08% | $9.89 |
| 02/12/2021 | 02/23/2021 | $0.175 | 7.21% | 7.51% | $9.32 |
| 11/12/2020 | 11/20/2020 | $0.150 | 8.73% | 8.08% | $7.43 |
| 08/13/2020 | 08/21/2020 | $0.150 | 8.37% | 8.68% | $6.91 |
| 05/13/2020 | 05/21/2020 | $0.080 | 5.35% | 4.75% | $6.73 |
| 02/13/2020 | 02/24/2020 | $0.300 | 12.02% | 12.04% | $9.97 |
| 11/13/2019 | 11/21/2019 | $0.370 | 11.64% | 12.42% | $11.92 |
| 08/14/2019 | 08/22/2019 | $0.370 | 10.68% | 10.37% | $14.27 |
| 05/15/2019 | 05/23/2019 | $0.370 | 8.49% | 8.96% | $16.52 |
| 02/15/2019 | 02/26/2019 | $0.370 | 8.29% | 8.33% | $17.76 |
| 11/13/2018 | 11/21/2018 | $0.370 | 8.9% | 8.69% | $17.03 |
| 08/15/2018 | 08/23/2018 | $0.338 | 7.3% | 7.28% | $18.55 |
| 05/16/2018 | 05/24/2018 | $0.313 | 6.85% | 6.86% | $18.21 |
| 02/16/2018 | 02/27/2018 | $0.313 | 6.97% | 7.14% | $17.50 |
| 11/16/2017 | 11/24/2017 | $0.313 | 7.41% | 7.37% | $16.96 |
| 08/15/2017 | 08/24/2017 | $0.313 | 7.59% | 7.49% | $16.68 |
| 05/16/2017 | 05/25/2017 | $0.288 | 6.99% | 7.03% | $16.36 |
| 02/15/2017 | 02/27/2017 | $0.288 | 6.39% | 6.49% | $17.72 |
| 11/15/2016 | 11/25/2016 | $0.288 | 6.42% | 6.16% | $18.68 |
| 08/16/2016 | 08/25/2016 | $0.288 | 7.32% | 7.22% | $15.92 |
| 05/17/2016 | 05/26/2016 | $0.263 | 6.57% | 6.6% | $15.90 |
| 02/17/2016 | 02/26/2016 | $0.263 | 9.13% | 8.55% | $12.28 |
| 11/17/2015 | 11/27/2015 | $0.263 | 7.5% | 6.64% | $15.82 |
| 08/18/2015 | 08/27/2015 | $0.162 | 4.48% | 4.33% | $14.96 |
Projected Future Returns & Dividends for BSM
Based on past 10-year performance, here are BSM growth metrics:
Share price CAGR of -2.25%
Dividend CAGR of +1.08%
Using BSM CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:
| BSM (DRIP) | BSM - No DRIP | |
|---|---|---|
| Current Price | $14.31 | $14.31 |
| Start Shares | 698.81 | 698.81 |
| Start Value | $10,000 | $10,000 |
| After 10 years: | ||
| Final Share Count | 1,959.65 | 698.81 |
| Dividends Payment | $0.36 | $0.36 |
| Annual Dividends | $2,793 | $996 |
| Yield on cost | 27.93% | 9.96% |
| Share Price | $11.40 | $11.40 |
| Total Dividends | $15,919 | $9,392 |
| Final Value | $22,343 | $17,360 |
Estimated Future Value + Dividends - BSM
NOTE: Above numbers are our estimate based on BSM's Dividend and Price CAGR over past 10 years.
These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.
We cannot guarantee that your actual returns will meet these estimates.
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Company Info
Black Stone Minerals, L.P. (BSM) had its IPO on 2015-04-30, and is traded on NYSE stock exchange.
Black Stone Minerals, L.P. and its subsidiaries are primarily engaged in the ownership and active management of oil and natural gas mineral interests. The company possesses an extensive portfolio, encompassing approximately 16.8 million gross acres of mineral interests, 1.8 million gross acres of nonparticipating royalty interests, and 1.7 million gross acres of overriding royalty interests, distributed across 41 states within the United States. As of December 31, 2021, Black Stone Minerals reported estimated total proved oil and natural gas reserves equivalent to 59,824 barrels. This entity, founded in 1876, is headquartered in Houston, Texas.
BSM website: https://www.blackstoneminerals.com
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DCF Model — BSM
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vs current price $14.31
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Cash flow & implied price by year
FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.
EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.
Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
—
÷ shares
Implied price path
| Year | FCF | Implied price |
|---|
Sensitivity — fair value: growth ↓ × target return →
