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Black Stone Minerals (BSM) Revenue & Revenue Breakdown


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Black Stone Minerals Revenue Highlights


Latest Revenue (Y)

$422.33M

Latest Revenue (Q)

$99.73M

Main Segment (Y)

Natural Gas

Black Stone Minerals Revenue by Period


Black Stone Minerals Revenue by Year

DateRevenueChange
2025-12-31$422.33M-3.89%
2024-12-31$439.43M-12.31%
2023-12-31$501.10M-36.11%
2022-12-31$784.28M55.08%
2021-12-31$505.73M70.49%
2020-12-31$296.64M-39.80%
2019-12-31$492.78M-19.16%
2018-12-31$609.57M41.87%
2017-12-31$429.66M64.73%
2016-12-31$260.83M-33.62%
2015-12-31$392.92M-28.34%
2014-12-31$548.32M18.29%
2013-12-31$463.56M25.64%
2012-12-31$368.95M-

Black Stone Minerals generated $422.33M in revenue during NA 2025, up -3.89% compared to the previous quarter, and up 142.37% compared to the same period a year ago.

Black Stone Minerals Revenue by Quarter

DateRevenueChange
2026-09-30$99.73M-18.34%
2026-06-30$122.12M-35.20%
2026-03-31$188.46M98.00%
2025-12-31$95.18M22.19%
2025-09-30$77.90M-27.00%
2025-06-30$106.71M-7.41%
2025-03-31$115.25M10.51%
2024-12-31$104.29M1.08%
2024-09-30$103.18M-10.41%
2024-06-30$115.17M-1.38%
2024-03-31$116.78M-14.37%
2023-12-31$136.38M-0.25%
2023-09-30$136.72M29.35%
2023-06-30$105.70M-13.58%
2023-03-31$122.31M-38.53%
2022-12-31$198.96M-10.03%
2022-09-30$221.16M6.47%
2022-06-30$207.72M32.78%
2022-03-31$156.44M-2.81%
2021-12-31$160.97M17.17%
2021-09-30$137.39M16.51%
2021-06-30$117.92M31.83%
2021-03-31$89.45M10.34%
2020-12-31$81.07M25.05%
2020-09-30$64.83M12.35%
2020-06-30$57.70M-37.98%
2020-03-31$93.04M-22.64%
2019-12-31$120.28M-12.44%
2019-09-30$137.37M-16.04%
2019-06-30$163.62M95.23%
2019-03-31$83.81M-65.94%
2018-12-31$246.05M76.10%
2018-09-30$139.72M27.82%
2018-06-30$109.31M-4.53%
2018-03-31$114.49M19.96%
2017-12-31$95.44M7.10%
2017-09-30$89.11M-26.06%
2017-06-30$120.52M-3.26%
2017-03-31$124.58M119.67%
2016-12-31$56.71M-42.81%
2016-09-30$99.17M144.45%
2016-06-30$40.57M-36.99%
2016-03-31$64.38M-35.64%
2015-12-31$100.04M-26.99%
2015-09-30$137.02M111.44%
2015-06-30$64.80M-28.84%
2015-03-31$91.06M-46.17%
2014-12-31$169.18M27.40%
2014-09-30$132.79M11.65%
2014-06-30$118.94M-6.65%
2014-03-31$127.41M20.37%
2013-12-31$105.85M-10.15%
2013-09-30$117.81M10.13%
2013-06-30$106.97M-
2013-03-31$106.97M-

Black Stone Minerals generated $99.73M in revenue during Q3 2026, up -18.34% compared to the previous quarter, and up 93.46% compared to the same period a year ago.

Black Stone Minerals Revenue Breakdown


Black Stone Minerals Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Natural Gas$191.62M$157.91M$200.30M$434.94M$255.67M
Real Estate$21.35M$12.46M$12.51M$13.05M$14.29M
Oil-$269.06M$288.30M$336.29M$235.77M

Black Stone Minerals's latest annual revenue breakdown by segment (product or service), as of Dec 25: Natural Gas (89.97%), and Real Estate (10.03%).

Quarterly Revenue by Product

Product/ServiceSep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Real Estate$7.18M$6.70M$6.39M$4.71M$5.01M$4.71M$6.92M$6.77M$2.14M$3.55M$3.82M$2.18M$2.53M$3.98M$2.79M$3.16M$2.24M$4.86M$2.10M$2.31M
Natural Gas$45.05M$40.27M$63.41M$44.11M$43.09M$46.19M$58.23M$78.86M$37.04M$42.01M$52.44M$48.81M$41.62M$57.42M$110.25M$137.76M$111.18M$75.75M$83.13M$73.17M
Oil------$50.09M$133.84M$64.00M$71.22M$80.11M$85.72M$61.55M$60.91M$85.92M$80.24M$94.30M$75.83M$75.74M$61.92M

Black Stone Minerals's latest quarterly revenue breakdown by segment (product or service), as of Sep 26: Natural Gas (86.26%), and Real Estate (13.74%).

Black Stone Minerals Revenue Breakdown by Country

Quarterly Revenue by Country

CountryJun 18Mar 18
Angelina County, Texas$41.30M$24.80M
San Augustine County, Texas$18.90M$12.40M

Black Stone Minerals's latest quarterly revenue breakdown by geography, as of Jun 18: Angelina County, Texas (68.60%), and San Augustine County, Texas (31.40%).

Black Stone Minerals Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
LBRTLiberty Energy$4.01B$1.20B
SMSM Energy$3.15B$2.50B
OIIOceaneering$2.78B$784.55M
NOGNorthern Oil and Gas$2.48B$745.24M
TDWTidewater$1.35B$342.29M
STNGScorpio Tankers$1.34B$391.34M
DKLDelek Logistics Partners, LP$1.01B$384.76M
BSMBlack Stone Minerals$422.33M$99.73M
INSWInternational Seaways$201.52M$469.73M

BSM Revenue FAQ


What is Black Stone Minerals’s yearly revenue?

Black Stone Minerals's yearly revenue for 2025 was $422.33M, representing a decrease of -3.89% compared to 2024. The company's yearly revenue for 2024 was $439.43M, representing a decrease of -12.31% compared to 2023. BSM's yearly revenue for 2023 was $501.1M, representing a decrease of -36.11% compared to 2022.

What is Black Stone Minerals’s quarterly revenue?

Black Stone Minerals's quarterly revenue for Q3 2026 was $99.73M, a -18.34% decrease from the previous quarter (Q2 2026), and a 28.03% increase year-over-year (Q3 2025). The company's quarterly revenue for Q2 2026 was $122.12M, a -35.20% decrease from the previous quarter (Q1 2026), and a 14.44% increase year-over-year (Q2 2025). BSM's quarterly revenue for Q1 2026 was $188.46M, a 98.00% increase from the previous quarter (Q4 2025), and a 63.52% increase year-over-year (Q1 2025).

What is Black Stone Minerals’s revenue growth rate?

Black Stone Minerals's revenue growth rate for the last 3 years (2023-2025) was -15.72%, and for the last 5 years (2021-2025) was -16.49%.

What are Black Stone Minerals’s revenue streams?

Black Stone Minerals's revenue streams in c 25 are Natural Gas, and Real Estate. Natural Gas generated $191.62M in revenue, accounting 89.97% of the company's total revenue, up 21.35% year-over-year. Real Estate generated $21.35M in revenue, accounting 10.03% of the company's total revenue, up 71.34% year-over-year.

What is Black Stone Minerals’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Black Stone Minerals was Natural Gas. This segment made a revenue of $191.62M, representing 89.97% of the company's total revenue.