BSM Black Stone Minerals, L.P. Common units representing limited partner interests
NYSE · Energy · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 4, 2026
$14.56
· of 52w range
· above low
· to high
$12.3252w low
$15.4952w high
Revenue
$470M
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52W Range
$12–$15
Analyst Rating
HOLD
Price Target
$16
P/E
·
ROE
·
Net Profit Margin
61.7%
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BSM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$14.56
Revenue
$470M
52W Range
$12–$15
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$470M2019-12-31 → 2025-12-31
Net margin61.7%2019-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | BSM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 64.3%5Y avg ≈65.0% | ≈65.0% | 39.3% | Top tier | |
| EBITDA Margin (TTM) | 72.6%5Y avg ≈75.0% | ≈75.0% | 57.9% | Top tier | |
| Net Profit Margin (TTM) | 61.7%5Y avg ≈64.0% | ≈64.0% | 25.2% | Top tier | |
| ROA | 23.5%5Y avg ≈26.2% | ≈26.2% | 5.5% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | BSM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 3.85Y avg ≈4.2 | ≈4.2 | 1.0 | Strong liquidity | |
| Quick Ratio | 0.25Y avg ≈2.9 | ≈2.9 | 0.4 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | BSM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 8.3%5Y avg ≈12.1% | ≈12.1% | · | · | |
| Revenue CAGR 3Y | -10.9%5Y avg ≈5.2% | ≈5.2% | · | · | |
| Revenue CAGR 5Y | 6.5% | · | · | · | |
| Net Income YoY | 10.5%5Y avg ≈34.9% | ≈34.9% | · | · | |
| Net Income CAGR 3Y | -14.3%5Y avg ≈17.1% | ≈17.1% | · | · | |
| Net Income CAGR 5Y | 19.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | BSM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.4 | ≈0.4 | 0.4 | In line | |
| Receivables Turnover | 135.45Y avg ≈31.4 | ≈31.4 | 8.8 | Top tier |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Annualized Payout≈$1.28
5Y Div CAGR≈17.6%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 6, 2026 | $0.32 | USD | ≈8.6% |
| May 8, 2026 | $0.30 | USD | ≈9.0% |
| Feb 18, 2026 | $0.30 | USD | ≈8.6% |
| Nov 6, 2025 | $0.30 | USD | ≈10.3% |
| Aug 7, 2025 | $0.30 | USD | ≈11.6% |
| May 8, 2025 | $0.38 | USD | ≈11.1% |
| Feb 18, 2025 | $0.38 | USD | ≈10.0% |
| Nov 8, 2024 | $0.38 | USD | ≈10.7% |
| Aug 9, 2024 | $0.38 | USD | ≈11.9% |
| May 9, 2024 | $0.38 | USD | ≈11.0% |
| Feb 15, 2024 | $0.48 | USD | ≈12.4% |
| Nov 8, 2023 | $0.48 | USD | ≈11.1% |
| Aug 10, 2023 | $0.48 | USD | ≈11.1% |
| May 11, 2023 | $0.48 | USD | ≈12.0% |
| Feb 15, 2023 | $0.48 | USD | ≈10.9% |
| Nov 9, 2022 | $0.45 | USD | ≈10.2% |
| Aug 11, 2022 | $0.42 | USD | ≈9.0% |
| May 12, 2022 | $0.40 | USD | ≈7.9% |
| Feb 15, 2022 | $0.27 | USD | ≈8.1% |
| Nov 10, 2021 | $0.25 | USD | ≈7.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
8.6%
Next Report
Nov 02, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $0.47 | $0.23 | 102.3% |
| March 31, 2026 | $0.03 | $0.21 | -85.9% | |
| Dec. 31, 2025 | $0.31 | $0.27 | 16.5% | |
| Sept. 30, 2025 | $0.40 | $0.28 | 41.4% | |
| June 30, 2025 | $0.53 | $0.31 | 71.1% | |
| March 31, 2025 | $0.02 | $0.33 | -93.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $470M | $434M | $592M | $664M | $359M | $343M | $488M | $610M | $430M | $261M | $393M | $548M | |
| SG&A Expense | $55M | $52M | $51M | $54M | $49M | $43M | $63M | $77M | $78M | $73M | $77M | $63M | |
| Operating Expenses | $162M | $161M | $169M | $181M | $172M | $211M | $253M | $291M | $258M | $233M | $489M | $367M | |
| Operating Income | $308M | $273M | $424M | $482M | $187M | $132M | $235M | $318M | $172M | $27M | $-96M | $182M | |
| Interest Expense | · | · | $3M | $6M | $6M | $10M | $21M | $21M | $16M | $8M | $6M | $14M | |
| Interest Income | · | $2M | $2M | $53.0K | $1.0K | $35.0K | $159.0K | $183.0K | $49.0K | $656.0K | $58.0K | $28.0K | |
| Other Non-op | $229.0K | $-337.0K | $-160.0K | $215.0K | $299.0K | $83.0K | $472.0K | $-2M | $714.0K | $-390.0K | $910.0K | $959.0K | |
| Net Income | $300M | $271M | $423M | $476M | $182M | $122M | $214M | $296M | $157M | $20M | $-102M | $169M | |
| EBITDA | $345M | $318M | $469M | $530M | $248M | $214M | $345M | $441M | $287M | $130M | $8M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1M | $3M | $70M | $4M | $9M | $2M | $8M | $5M | $6M | $10M | $13M | $15M | |
| Receivables | $3M | $4M | $82M | $136M | $97M | $62M | $78M | $113M | $81M | $68M | $41M | $74M | |
| Prepaid Expense | $10M | $3M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $856.0K | $9M | |
| Current Assets | $96M | $79M | $193M | $173M | $108M | $67M | $102M | $158M | $88M | $79M | $104M | $135M | |
| PP&E (Net) | $1.23B | $1.13B | $1.07B | $1.09B | $1.13B | $1.17B | $1.43B | $1.58B | $1.48B | $1.04B | $939M | $1.19B | |
| Other Non-current Assets | · | · | · | · | · | · | · | · | · | · | · | $3M | |
| Total Assets | $1.34B | $1.22B | $1.27B | $1.27B | $1.25B | $1.24B | $1.55B | $1.75B | $1.58B | $1.13B | $1.06B | $1.33B | |
| Accounts Payable | $3M | $6M | $6M | $7M | $6M | $3M | $5M | $4M | $2M | $4M | $5M | $5M | |
| Accrued Liabilities | $19M | $17M | $17M | $20M | $18M | $16M | $23M | $60M | $53M | $51M | $58M | $40M | |
| Current Liabilities | $25M | $30M | $26M | $31M | $77M | $40M | $30M | $65M | $60M | $71M | $63M | $99M | |
| Total Liabilities | $207M | $89M | $50M | $61M | $184M | $185M | $448M | $548M | $486M | $403M | $151M | $512M | |
| Liabilities + Equity | $1.34B | $1.22B | $1.27B | $1.27B | $1.25B | $1.24B | $1.55B | $1.75B | $1.58B | $1.13B | $1.06B | $1.33B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $37M | $45M | $46M | $48M | $61M | $82M | $110M | $123M | $115M | $102M | $104M | $112M | |
| Stock-based Comp | $10M | $9M | $11M | $17M | $12M | $4M | $20M | $30M | $33M | $43M | $18M | $11M | |
| Other Non-cash | $-36M | $64M | $42M | $-117M | $2M | $74M | $68M | $-63M | $-23M | $31M | $264M | · | |
| Operating Cash Flow | $310M | $389M | $521M | $425M | $257M | $282M | $413M | $385M | $282M | $197M | $285M | $396M | |
| Investing Cash Flow | $-118M | $-112M | $-20M | $-1M | $-14M | $151M | $-49M | $-164M | $-454M | $-222M | $-91M | $-101M | |
| Financing Cash Flow | $-193M | $-345M | $-436M | $-428M | $-235M | $-439M | $-361M | $-222M | $168M | $21M | $-195M | $-310M | |
| Net Change in Cash | $-1M | $-68M | $66M | $-5M | $7M | $-6M | $3M | $-228.0K | $-4M | $-3M | $-2M | $-15M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 65.6% | 63.0% | 71.5% | 72.7% | 52.1% | 38.5% | 48.2% | 52.2% | 40.1% | 10.5% | -24.4% | · | |
| Net Margin | 63.8% | 62.6% | 71.4% | 71.8% | 50.7% | 35.5% | 43.9% | 48.5% | 36.6% | 7.7% | -25.9% | · | |
| EBITDA Margin | 73.5% | 73.4% | 79.2% | 79.9% | 69.1% | 62.5% | 70.7% | 72.4% | 66.7% | 49.8% | 2.1% | · | |
| ROA | 23.5% | 21.8% | 33.3% | 37.8% | 14.6% | 9.7% | 13.7% | 16.9% | 11.1% | 1.8% | -9.2% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.9 | 2.6 | 7.5 | 5.6 | 1.4 | 1.7 | 3.4 | 2.4 | 1.5 | 1.1 | 1.6 | · | |
| Quick Ratio | 0.2 | 2.4 | 5.9 | 4.6 | 1.4 | 1.6 | 2.9 | 1.8 | 1.4 | 1.1 | 0.9 | · | |
| Interest Coverage | · | · | 153.8 | 76.8 | 33.2 | 12.7 | 11.0 | 15.3 | 11.0 | 3.6 | -14.9 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.3 | 0.5 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | · | |
| Receivables Turnover | 135.4 | 5.7 | 5.4 | 5.7 | 4.5 | 4.9 | 5.1 | 6.3 | 5.8 | 4.8 | 6.8 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.3% | -26.8% | -10.8% | 84.7% | 4.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -10.9% | 6.5% | 20.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 10.5% | -35.8% | -11.3% | 161.8% | 49.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -14.3% | 14.2% | 51.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 19.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $470M | $434M | $592M | $664M | $359M | $343M | $488M | $610M | $430M | $261M | $393M | · | |
| Net Income TTM | $300M | $271M | $423M | $476M | $182M | $122M | $214M | $296M | $157M | $20M | $-102M | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149M | $59M | $119M | $132M | $159M | $59M | $84M | $135M | $110M | $105M | $110M | $117M | $175M | $216M | $180M | $36M | |
| SG&A Expense | $16M | $17M | $14M | $12M | $14M | $15M | $12M | $13M | $13M | $14M | $14M | $12M | $13M | $13M | $13M | $14M | |
| Operating Expenses | $39M | $43M | $44M | $38M | $37M | $42M | $36M | $42M | $41M | $42M | $48M | $38M | $39M | $46M | $47M | $42M | |
| Operating Income | $110M | $17M | $75M | $94M | $122M | $17M | $48M | $93M | $68M | $64M | $62M | $79M | $135M | $170M | $133M | $-6M | |
| Interest Expense | · | · | · | · | · | · | · | · | $626.0K | $629.0K | $621.0K | $645.0K | $814.0K | $2M | $1M | $1M | |
| Other Non-op | $47.0K | $-34.0K | $155.0K | $-7.0K | $-39.0K | $120.0K | $-236.0K | $-9.0K | $-4.0K | $-88.0K | $143.0K | $-97.0K | $-99.0K | $-58.0K | $81.0K | $-45.0K | |
| Net Income | $106M | $13M | $72M | $92M | $120M | $16M | $46M | $93M | $68M | $64M | $62M | $78M | $134M | $168M | $132M | $-7M | |
| EBITDA | $119M | $26M | · | $104M | $131M | $26M | · | · | $80M | $76M | $74M | $89M | $146M | $182M | $145M | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2M | $12M | $1M | $3M | $3M | $2M | $3M | $21M | $27M | $40M | $56M | $47M | $19M | $838.0K | $12M | $7M | |
| Receivables | $7M | $4M | $3M | $5M | $5M | $3M | $4M | $68M | $74M | $72M | $88M | $72M | $94M | $158M | $141M | $99M | |
| Prepaid Expense | $6M | $7M | $10M | $6M | $9M | $7M | $3M | $2M | $3M | $3M | $2M | $3M | $2M | $2M | $2M | $2M | |
| Current Assets | $89M | $96M | $96M | $85M | $93M | $88M | $79M | $109M | $115M | $146M | $167M | $172M | $184M | $161M | $156M | $108M | |
| PP&E (Net) | $1.26B | $1.23B | $1.23B | $1.18B | $1.17B | $1.14B | $1.13B | $1.10B | $1.10B | $1.08B | $1.06B | $1.07B | $1.08B | $1.10B | $1.11B | $1.12B | |
| Total Assets | $1.37B | $1.34B | $1.34B | $1.27B | $1.27B | $1.24B | $1.22B | $1.21B | $1.22B | $1.23B | $1.23B | $1.25B | $1.27B | $1.27B | $1.27B | $1.24B | |
| Accounts Payable | $4M | $3M | $3M | $3M | $7M | $5M | $6M | $4M | $6M | $6M | $5M | $6M | $5M | $3M | $4M | $2M | |
| Accrued Liabilities | $12M | $8M | $19M | $14M | $13M | $12M | $17M | $14M | $11M | $7M | $14M | $10M | $7M | $18M | $13M | $6M | |
| Current Liabilities | $24M | $41M | $25M | $20M | $29M | $65M | $30M | $19M | $27M | $27M | $34M | $17M | $13M | $72M | $125M | $148M | |
| Total Liabilities | $252M | $265M | $207M | $145M | $165M | $174M | $89M | $45M | $56M | $56M | $61M | $37M | $33M | $149M | $230M | $240M | |
| Liabilities + Equity | $1.37B | $1.34B | $1.34B | $1.27B | $1.27B | $1.24B | $1.22B | $1.21B | $1.22B | $1.23B | $1.23B | $1.25B | $1.27B | $1.27B | $1.27B | $1.24B |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $10M | $9M | $10M | $9M | $9M | $11M | $11M | $11M | $12M | $12M | $10M | $11M | $12M | $12M | $11M | |
| Stock-based Comp | $2M | $4M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $4M | $3M | $2M | $5M | $3M | $5M | |
| Other Non-cash | · | $36M | · | · | · | $37M | · | · | · | $27M | · | · | $-11M | · | · | $74M | |
| Operating Cash Flow | $93M | $63M | $65M | $100M | $80M | $65M | $91M | $93M | $100M | $104M | $117M | $133M | $137M | $108M | $78M | $83M | |
| Investing Cash Flow | $-41M | $-12M | $-55M | $-21M | $-30M | $-13M | $-48M | $-13M | $-28M | $-24M | $-2M | $-679.0K | $-2M | $-532.0K | $-49.0K | $-96.0K | |
| Financing Cash Flow | $-62M | $-40M | $-15M | $-75M | $-51M | $-52M | $-61M | $-86M | $-86M | $-110M | $-105M | $-105M | $-120M | $-119M | $-72M | $-85M | |
| Net Change in Cash | $-10M | $10M | $-5M | $4M | $95.0K | $-95.0K | $-18M | $-6M | $-14M | $-30M | $9M | $28M | $15M | $-11M | $6M | $-2M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 73.9% | 28.0% | · | 71.0% | 76.7% | 29.0% | · | · | 62.5% | 60.6% | 56.5% | 67.3% | 77.4% | 78.6% | 73.8% | · | |
| Net Margin | 71.4% | 22.4% | · | 69.2% | 75.3% | 26.9% | · | · | 62.3% | 60.6% | 56.5% | 67.0% | 77.0% | 77.8% | 73.1% | · | |
| EBITDA Margin | 80.2% | 44.5% | · | 78.5% | 82.4% | 44.4% | · | · | 72.8% | 71.7% | 67.8% | 76.2% | 83.8% | 84.3% | 80.4% | · | |
| ROA | 8.1% | 1.0% | · | 7.4% | 9.7% | 1.3% | · | · | 5.5% | 5.1% | 5.0% | 6.2% | 10.7% | 13.4% | 10.5% | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.8 | 2.3 | · | 4.4 | 3.2 | 1.4 | · | · | 4.2 | 5.3 | 4.9 | 10.3 | 14.4 | 2.3 | 1.2 | · | |
| Quick Ratio | 0.3 | 0.4 | · | 0.4 | 0.3 | 0.1 | · | · | 3.7 | 4.1 | 4.3 | 7.1 | 8.9 | 2.2 | 1.2 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | 109.4 | 101.7 | 99.9 | 122.1 | 166.1 | 100.5 | 97.7 | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | · | 0.1 | 0.1 | 0.0 | · | · | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | · | |
| Receivables Turnover | 24.7 | 17.2 | · | 3.6 | 4.0 | 1.6 | · | · | 1.5 | 1.3 | 0.9 | 1.1 | 1.8 | 1.8 | 1.7 | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $460M | $470M | · | $435M | $437M | $387M | · | $541M | $516M | $523M | $632M | $738M | $802M | $613M | $456M | $334M | |
| Net Income TTM | $284M | $297M | · | $274M | $275M | $223M | · | $373M | $342M | $352M | $458M | $565M | $618M | $427M | $275M | $159M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $470M | $434M | $592M | $664M | $359M |
| Operating Margin % | 65.6% | 63.0% | 71.5% | 72.7% | 52.1% |
| Net Income | $300M | $271M | $423M | $476M | $182M |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 3.9 | 2.6 | 7.5 | 5.6 | 1.4 |
| Quick Ratio | 0.2 | 2.4 | 5.9 | 4.6 | 1.4 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 214 filers · $634.8M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
214
Value held
$634.8M
New positions
23
Exited positions
8
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 23 (+4 vs prior Q) | 8 (-6 vs prior Q) | 58 (0 vs prior Q) | 51 (+11 vs prior Q) | +2.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| MORGAN STANLEY | $124,324,660 | 8,899,403 | 19.58% | Shares |
| William Marsh Rice University | $79,118,760 | 5,663,476 | 12.46% | Shares |
| FMR LLC | $63,117,452 | 4,518,071 | 9.94% | Shares |
| BANK OF AMERICA CORP /DE/ | $29,058,410 | 2,080,058 | 4.58% | Shares |
| PENN DAVIS MCFARLAND INC | $27,355,174 | 1,958,137 | 4.31% | Shares |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV | $25,819,124 | 1,848,184 | 4.07% | Shares |
| NATIXIS | $22,071,203 | 1,579,900 | 3.48% | Shares |
| AMERIPRISE FINANCIAL INC | $16,504,144 | 1,181,399 | 2.60% | Shares |
| Long Corridor Asset Management Ltd | $12,293,600 | 880,000 | 1.94% | Shares |
| BROWN ADVISORY INC | $12,163,204 | 870,666 | 1.92% | Shares |
| Mudita Advisors LLP | $10,629,452 | 760,877 | 1.67% | Shares |
| ING GROEP NV | $10,178,542 | 728,600 | 1.60% | Shares |
| Fayez Sarofim & Co | $8,848,095 | 633,364 | 1.39% | Shares |
| HighTower Advisors, LLC | $8,806,575 | 630,392 | 1.39% | Shares |
| Saber Capital Managment, LLC | $8,618,386 | 616,921 | 1.36% | Shares |
| Cresset Asset Management, LLC | $8,413,880 | 602,282 | 1.33% | Shares |
| EPACRIA CAPITAL PARTNERS, LLC | $8,112,603 | 580,716 | 1.28% | Shares |
| WELLS FARGO & COMPANY/MN | $6,871,738 | 491,892 | 1.08% | Shares |
| BlackRock, Inc. | $6,301,057 | 451,042 | 0.99% | Shares |
| KEMPNER CAPITAL MANAGEMENT INC. | $6,194,000 | 439,295 | 0.98% | Shares |
| Lummis Asset Management, LP | $5,086,183 | 343,843 | 0.80% | Shares |
| CITIGROUP INC | $4,886,985 | 349,820 | 0.77% | Shares |
| CHILTON CAPITAL MANAGEMENT LLC | $4,711,565 | 337,263 | 0.74% | Shares |
| FIRST TRUST ADVISORS LP | $4,217,570 | 301,902 | 0.66% | Shares |
| Forum Financial Management, LP | $4,191,000 | 300,000 | 0.66% | Shares |
| NORTHERN TRUST CORP | $4,165,351 | 298,164 | 0.66% | Shares |
| PEAK6 LLC | $3,512,058 | 251,400 | 0.55% | Call option |
| GraniteShares Advisors LLC | $2,881,368 | 206,254 | 0.45% | Shares |
| UBS Group AG | $2,826,242 | 202,308 | 0.45% | Shares |
| Freestone Capital Holdings, LLC | $2,794,000 | 200,000 | 0.44% | Shares |
| REGIONS FINANCIAL CORP | $2,742,996 | 196,349 | 0.43% | Shares |
| EVERGREEN CAPITAL MANAGEMENT LLC | $2,716,746 | 194,470 | 0.43% | Shares |
| GOLDMAN SACHS GROUP INC | $2,646,477 | 189,440 | 0.42% | Shares |
| Hill Investment Group Partners, LLC | $2,479,493 | 177,487 | 0.39% | Shares |
| LPL Financial LLC | $2,330,874 | 166,849 | 0.37% | Shares |
| RAYMOND JAMES FINANCIAL INC | $2,274,092 | 162,784 | 0.36% | Shares |
| STIFEL FINANCIAL CORP | $2,204,495 | 157,802 | 0.35% | Shares |
| HORIZON KINETICS ASSET MANAGEMENT LLC | $2,112,795 | 151,238 | 0.33% | Shares |
| Board of Trustees of The Leland Stanford Junior University | $2,065,492 | 147,852 | 0.33% | Shares |
| FIDUCIENT ADVISORS LLC | $1,987,056 | 142,237 | 0.31% | Shares |
| CIBC Private Wealth Group LLC | $1,951,842 | 148,542 | 0.31% | Shares |
| AlphaCore Capital LLC | $1,939,874 | 138,860 | 0.31% | Shares |
| Mraz, Amerine & Associates, Inc. | $1,829,735 | 130,976 | 0.29% | Shares |
| Argent Trust Co | $1,726,636 | 123,596 | 0.27% | Shares |
| ROYAL BANK OF CANADA | $1,711,000 | 122,484 | 0.27% | Shares |
| MCDANIEL TERRY & CO | $1,676,218 | 119,987 | 0.26% | Shares |
| Rare Wolf Capital LLC | $1,632,995 | 116,893 | 0.26% | Shares |
| Americana Partners, LLC | $1,579,267 | 113,047 | 0.25% | Shares |
| Beacon Pointe Advisors, LLC | $1,517,324 | 108,613 | 0.24% | Shares |
| Ashton Thomas Private Wealth, LLC | $1,469,840 | 105,214 | 0.23% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Thomas L. Carter, Jr., Carter2221, Ltd. ×3 filings | May 31, 2019 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 30 insiders · 12 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Fowler Carter | Co-CEO and President | Feb. 24, 2026 F | 125,379 | 0 | 0 | $0 |
| Taylor Dewalch | Co-CEO and President | Feb. 24, 2026 F | 141,369 | 0 | 0 | $0 |
| Chris Bonner | SVP, CFO, and Treasurer | Feb. 24, 2026 F | 50,678 | 0 | 0 | $0 |
| Evan Montgomery Kiefer | SVP, CFO & Treasurer | Feb. 20, 2024 F | 65,383 | 0 | 0 | $0 |
| Jeffrey P. Wood | President, CFO | Feb. 22, 2023 F | 589,109 | 0 | 0 | $0 |
| Marc Carroll | Senior VP and CFO | June 8, 2016 F | 433,555 | 0 | 0 | $0 |
| Erin Leah Phillips | Controller (PAO) | Feb. 4, 2026 A | 3,911 | 0 | 0 | $0 |
| Carrie Pearson Clark | SVP, Chief Commercial Officer | May 29, 2025 S | 165,857 | 0 | 0 | $0 |
| Dawn Smajstrla | VP, Chief Accounting Officer | Feb. 20, 2024 F | 128,456 | 0 | 0 | $0 |
| Holbrook F Dorn | SVP, Business Development | Jan. 7, 2020 F | 985,001 | 0 | 0 | $0 |
| Brock Morris | SVP, Engineering and Geology | Jan. 7, 2020 F | 440,927 | 0 | 0 | $0 |
| Allan Skov | SVP, Corp. Services and CIO | March 21, 2016 D | 89,154 | 0 | 0 | $0 |
| Alexander D. Stuart | Director | Aug. 18, 2026 G | 2,040,075 | 0 | 0 | $0 |
| James Whitehead | Director | Aug. 6, 2026 S | 646,058 | 0 | 2 | $-28,099,057 |
| Jerry V. Kyle Jr. | Director | July 31, 2026 J | 7,665 | 0 | 0 | $0 |
| Anne Lenoir Hamman | Director | July 2, 2026 A | 8,428 | 0 | 0 | $0 |
| William E. Randall | Director | July 2, 2026 A | 193,384 | 0 | 0 | $0 |
| Mark D Dewalch | Director | July 2, 2026 A | 432,837 | 3 | 0 | $1,482,793 |
| Ashley J Longmaid | Director | May 12, 2026 S | 137,335 | 0 | 1 | $-149,672 |
| Carin Marcy Barth | Director | Jan. 13, 2026 A | 142,447 | 0 | 0 | $0 |
| William N. Mathis | Director | Oct. 3, 2025 A | 246,200 | 0 | 0 | $0 |
| John H. Longmaid | Director | Jan. 11, 2024 A | 0 | 0 | 0 | $0 |
| Allison K. Thacker | Director | Jan. 11, 2023 A | 122,656 | 0 | 0 | $0 |
| Ricky J. Haeflinger | Director | Jan. 13, 2020 J | 10,000 | 0 | 0 | $0 |
| William G Bardel | Director | Jan. 13, 2020 A | 354,451 | 0 | 0 | $0 |
| Robert E. W. Sinclair | Director | Jan. 12, 2016 A | 331,434 | 0 | 0 | $0 |
| Richard N. Papert | Director | May 6, 2015 J | 205,530 | 0 | 0 | $0 |
| Thomas L Carter Jr | · | May 13, 2026 P | 3,682,724 | 4 | 0 | $924,471 |
| Luke Stevens Putman | · | April 6, 2026 S | 732,031 | 0 | 5 | $-2,176,732 |
| Michael C Linn | · | Jan. 13, 2026 A | 208,150 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 2 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
BSM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$16.00
+9.9%
1 12.5%
Strong Buy
3 37.5%
Buy
4 50.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
1 analysts · 2026-09-28Mean target $16.00 +9.9%
Low$16.00
Mean$16.00
High$16.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BSM | · | · | 8.3% | 63.8% | · | · |
| CRGY | · | · | 22.1% | 3.7% | 2.8% | · |
| CRK | $6.79B | 16.2 | 77.0% | 17.8% | 16.2% | · |
| TALO | $1.86B | -3.9 | -9.8% | -27.8% | -21.1% | · |
| GPOR | $3.91B | 9.7 | 48.5% | 30.1% | 23.8% | · |
| NOG | $2.09B | 55.1 | 11.2% | 1.6% | 1.7% | · |
| BKV | $2.63B | 13.2 | 47.9% | · | 10.3% | · |
| COP | · | 14.7 | 7.7% | 13.6% | 12.3% | · |
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Source: SEC 10-Q filed Aug 4, 2026