BSM - Black Stone Minerals LP Stock Price, Fair Value and News

16.24USD+0.30 (+1.88%)Delayed

Market Summary

USD16.24+0.30

Delayed

1.88%

BSM Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)

BSM Stock Price

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BSM RSI Chart

BSM Valuation

Market Cap

3.7B

Price/Earnings (Trailing)

10.38

Price/Sales (Trailing)

7.98

Price/Free Cashflow

7.48

BSM Price/Sales (Trailing)

BSM Profitability

Return on Assets

28.58%

Free Cashflow Yield

13.37%

BSM Fundamentals

BSM Revenue

Revenue (TTM)

458.1M

Rev. Growth (Yr)

-39.57%

Rev. Growth (Qtr)

-4.31%

BSM Earnings

Earnings (TTM)

352.0M

Earnings Growth (Yr)

-52.45%

Earnings Growth (Qtr)

-56.7%

Breaking Down BSM Revenue

Last 7 days

1.4%

Last 30 days

3.3%

Last 90 days

6.8%

Trailing 12 Months

-0.8%

How does BSM drawdown profile look like?

BSM Financial Health

Current Ratio

5.34

BSM Investor Care

Shares Dilution (1Y)

0.28%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	458.1M	0	0	0
2023	862.4M	760.4M	676.0M	527.2M
2022	452.7M	542.5M	626.3M	724.3M
2021	270.2M	349.6M	422.2M	505.7M
2020	587.1M	462.0M	389.4M	363.8M
2019	578.9M	633.2M	630.8M	487.8M
2018	419.6M	408.4M	459.0M	609.6M
2017	321.0M	401.0M	390.9M	429.7M
2016	366.2M	342.0M	304.2M	260.8M
2015	512.0M	457.8M	462.1M	392.9M
2014	484.7M	505.9M	527.1M	548.3M
2013	0	0	0	463.6M

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Very Expensive Stocks: $8,224

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Tracking the Latest Insider Buys and Sells of Black Stone Minerals LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 11, 2024	longmaid ashley j	acquired	-	-	6,064	-
Apr 05, 2024	randall william e.	acquired	18,744	15.98	1,173	-
Apr 05, 2024	stuart alexander d.	acquired	22,499	15.98	1,408	-
Apr 05, 2024	dewalch d mark	acquired	18,744	15.98	1,173	-
Apr 05, 2024	kyle jerry v. jr.	acquired	18,744	15.98	1,173	-
Apr 05, 2024	mathis william n.	acquired	21,237	15.98	1,329	-
Feb 26, 2024	dewalch d mark	bought	50,277	15.4699	3,250	-
Feb 20, 2024	smajstrla dawn	sold (taxes)	-86,060	14.91	-5,772	vp, chief accounting officer
Feb 20, 2024	carter thomas l jr	acquired	-	-	292,275	ceo, president, and chairman
Feb 20, 2024	smajstrla dawn	acquired	-	-	23,704	vp, chief accounting officer

Which funds bought or sold BSM recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-1,947,870	-	-%
May 16, 2024	Ancora Advisors LLC	reduced	-0.89	-6,699	870,700	0.02%
May 16, 2024	Tidal Investments LLC	added	8.38	113,627	1,447,240	0.02%
May 16, 2024	Arete Wealth Advisors, LLC	sold off	-100	-169,974	-	-%
May 16, 2024	AVENIR CORP	unchanged	-	1,478	1,180,920	0.10%
May 15, 2024	Icon Wealth Advisors, LLC	added	10.86	32,386	326,863	0.03%
May 15, 2024	AE Wealth Management LLC	sold off	-100	-250,069	-	-%
May 15, 2024	EAGLE GLOBAL ADVISORS LLC	unchanged	-	1,783	1,424,170	0.08%
May 15, 2024	BARCLAYS PLC	new	-	591,000	591,000	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	added	65.71	3,498,460	8,805,400	-%

Are Funds Buying or Selling BSM?

Are funds buying BSM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BSM

No. of Funds

Unveiling Black Stone Minerals LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 11, 2022	carlyle group inc.	0.0%	0	SC 13G/A
Feb 13, 2020	carlyle group management l.l.c.	6.7%	14,711,219	SC 13G/A
Feb 13, 2020	ci investments inc.	4.09%	8,427,284	SC 13G/A
Nov 05, 2019	carlyle group management l.l.c.	6.7%	14,711,219	SC 13G

Recent SEC filings of Black Stone Minerals LP

View All Filings

Date Filed	Form Type	Document
May 16, 2024	EFFECT	EFFECT
May 08, 2024	S-3/A	S-3/A
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 29, 2024	DEFA14A	DEFA14A
Apr 15, 2024	4	Insider Trading
Apr 09, 2024	4	Insider Trading
Apr 09, 2024	4	Insider Trading

Black Stone Minerals LP News

Latest updates

Black Stone Minerals LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.3%	105	110	137	106	175	259	221	208	36.00	161	137	118	89.00	77.00	65.00	39.00	183	103	137	164	84.00
Operating Expenses	-4.0%	42.00	43.00	48.00	38.00	39.00	45.00	46.00	47.00	42.00	44.00	42.00	41.00	44.00	46.00	19.00	44.00	103	58.00	62.00	63.00	69.00
S&GA Expenses	-100.0%	-	13.00	14.00	12.00	13.00	14.00	13.00	13.00	14.00	11.00	12.00	12.00	13.00	10.00	9.00	12.00	12.00	14.00	14.00	14.00	21.00
Interest Expenses	-6.7%	1.00	1.00	1.00	1.00	1.00	2.00	2.00	1.00	1.00	1.00	1.00	2.00	1.00	1.00	2.00	3.00	4.00	5.00	5.00	6.00	6.00
Net Income	-56.7%	64.00	148	62.00	78.00	134	183	168	132	-7.00	134	16.00	15.00	16.00	30.00	24.00	-8.37	76.00	40.00	70.00	95.00	9.00
Net Income Margin	-4.1%	0.77*	0.80*	0.68*	0.74*	0.72*	0.66*	0.68*	0.51*	0.35*	0.36*	0.19*	0.25*	0.23*	-	-	-	-	-	-	-	-
Free Cashflow	-22.1%	104	134	117	133	137	156	108	78.00	83.00	73.00	58.00	70.00	56.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.8%	1,232	1,267	1,234	1,250	1,272	1,271	1,271	1,273	1,239	1,248	1,247	1,242	1,226	1,244	1,260	1,439	1,523	1,545	1,596	1,725	1,712
Current Assets	-24.3%	146	193	167	172	184	173	161	156	108	108	93.00	72.00	65.00	67.00	62.00	221	160	102	121	126	113
Cash Equivalents	-42.4%	40.00	70.00	56.00	47.00	19.00	4.00	1.00	12.00	7.00	9.00	3.00	1.00	4.00	2.00	3.00	2.00	3.00	8.00	2.00	4.00	4.00
Net PPE	1.2%	1,078	1,066	1,059	1,069	1,079	1,088	1,098	1,110	1,125	1,133	1,146	1,163	1,156	1,172	1,192	1,211	1,355	1,434	1,457	1,582	1,586
Liabilities	12.8%	56.00	50.00	61.00	37.00	33.00	61.00	149	230	240	184	261	218	189	185	197	365	420	448	460	581	578
Current Liabilities	6.0%	27.00	26.00	34.00	17.00	13.00	31.00	72.00	125	148	77.00	132	95.00	57.00	40.00	21.00	15.00	11.00	30.00	23.00	46.00	49.00
Float	-	-	-	-	2,693	-	-	-	2,278	-	-	-	1,787	-	-	-	1,016	-	-	-	2,410	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-22.1%	104,460	134,116	116,710	133,270	137,155	156,433	108,411	77,563	82,576	73,454	57,847	69,893	55,686	60,395	63,445	86,519	71,450	106,410	105,334	110,802	90,174
Share Based Compensation	-1.4%	2,383	2,417	3,777	2,517	2,118	5,579	4,534	2,724	4,551	2,513	3,172	3,071	3,462	2,322	1,825	2,474	-2,894	3,578	3,867	3,816	9,223
Cashflow From Investing	-62.0%	-23,964	-14,794	-2,313	-679	-1,954	-538	-532	-49.00	-96.00	-426	-1,137	-12,540	-214	606	150,273	-1,024	1,391	210	-2,820	-21,634	-24,379
Cashflow From Financing	-5.0%	-110,322	-105,070	-105,033	-105,075	-120,358	-152,426	-119,199	-72,009	-84,703	-67,416	-54,489	-60,099	-53,479	-62,262	-212,261	-86,935	-77,920	-100,467	-104,454	-89,509	-66,962

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BSM Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUE
Revenue from contracts with customers	$ 116,783	$ 122,307
Gain (loss) on commodity derivative instruments	(11,290)	52,271
TOTAL REVENUE	105,493	174,578
OPERATING (INCOME) EXPENSE
Lease operating expense	2,432	2,668
Production costs and ad valorem taxes	13,038	12,667
Exploration expense	3	4
Depreciation, depletion, and amortization	11,639	11,147
General and administrative	14,090	12,648
Accretion of asset retirement obligations	317	245
TOTAL OPERATING EXPENSE	41,519	39,379
INCOME (LOSS) FROM OPERATIONS	63,974	135,199
OTHER INCOME (EXPENSE)
Interest and investment income	670	157
Interest expense	(629)	(814)
Other income (expense)	(88)	(99)
TOTAL OTHER EXPENSE	(47)	(756)
NET INCOME (LOSS)	63,927	134,443
Distributions on Series B cumulative convertible preferred units	(7,367)	(5,250)
NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS	56,560	129,193
ALLOCATION OF NET INCOME (LOSS):
General partner interest	0	0
Common units	56,560	129,193
NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS	$ 56,560	$ 129,193
NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT:
Per common unit (basic) (in dollars per share)	$ 0.27	$ 0.62
Per common unit (diluted) (in dollars per share)	$ 0.27	$ 0.60
WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:
Weighted average common units outstanding (basic) (in shares)	210,654	209,941
Weighted average common units outstanding (diluted) (in shares)	210,654	224,910
Oil and condensate sales
REVENUE
Revenue from contracts with customers	$ 71,224	$ 60,909
Natural gas and natural gas liquids sales
REVENUE
Revenue from contracts with customers	42,011	57,423
Lease bonus and other income
REVENUE
Revenue from contracts with customers	$ 3,548	$ 3,975

BSM Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 40,456	$ 70,282
Accounts receivable	72,428	82,253
Commodity derivative assets	30,741	38,273
Prepaid expenses and other current assets	2,540	2,319
TOTAL CURRENT ASSETS	146,165	193,127
PROPERTY AND EQUIPMENT
Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $913,031 and $890,338 at March 31, 2024 and December 31, 2023, respectively	3,049,455	3,026,394
Accumulated depreciation, depletion, amortization, and impairment	(1,972,524)	(1,961,899)
Oil and natural gas properties, net	1,076,931	1,064,495
Other property and equipment, net of accumulated depreciation of $14,270 and $14,163 at March 31, 2024 and December 31, 2023, respectively	938	1,007
NET PROPERTY AND EQUIPMENT	1,077,869	1,065,502
DEFERRED CHARGES AND OTHER LONG-TERM ASSETS	7,641	8,255
TOTAL ASSETS	1,231,675	1,266,884
CURRENT LIABILITIES
Accounts payable	5,844	6,270
Accrued liabilities	7,380	17,003
Commodity derivative liabilities	12,782	1,229
Other current liabilities	1,374	1,334
TOTAL CURRENT LIABILITIES	27,380	25,836
LONG–TERM LIABILITIES
Accrued incentive compensation	802	1,699
Commodity derivative liabilities	5,858	81
Asset retirement obligations	19,078	19,030
Other long-term liabilities	2,755	2,893
TOTAL LIABILITIES	55,873	49,539
COMMITMENTS AND CONTINGENCIES (Note 7)
EQUITY
Partners' equity – general partner interest	0	0
TOTAL EQUITY	875,324	918,208
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	1,231,675	1,266,884
Series B Cumulative Convertible Preferred Units
MEZZANINE EQUITY
Partners' equity – Series B cumulative convertible preferred units, 14,711 units outstanding at March 31, 2024 and December 31, 2023	300,478	299,137
Common units
EQUITY
Partners' equity – common units, 210,656 and 209,991 units outstanding at March 31, 2024 and December 31, 2023, respectively	$ 875,324	$ 918,208

About Black Stone Minerals LP

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 16.8 million gross acres, and overriding royalty interests in 1.8 million gross acres located in 41 states in the United States. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.

CEO	Mr. Thomas L. Carter Jr.
WEBSITE	blackstoneminerals.com
INDUSTRY	Oil - E&P

Black Stone Minerals LP Frequently Asked Questions

What is the ticker symbol for Black Stone Minerals LP? What does BSM stand for in stocks?

BSM is the stock ticker symbol of Black Stone Minerals LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Black Stone Minerals LP (BSM)?

As of Fri May 17 2024, market cap of Black Stone Minerals LP is 3.65 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BSM stock?

You can check BSM's fair value in chart for subscribers.

What is the fair value of BSM stock?

You can check BSM's fair value in chart for subscribers. The fair value of Black Stone Minerals LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Black Stone Minerals LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BSM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Black Stone Minerals LP a good stock to buy?

The fair value guage provides a quick view whether BSM is over valued or under valued. Whether Black Stone Minerals LP is cheap or expensive depends on the assumptions which impact Black Stone Minerals LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BSM.

What is Black Stone Minerals LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, BSM's PE ratio (Price to Earnings) is 10.38 and Price to Sales (PS) ratio is 7.98. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BSM PE ratio will change depending on the future growth rate expectations of investors.