📊 BSMLP Key Takeaways
Investment Thesis
Black Stone Minerals demonstrates exceptional financial health with industry-leading profitability metrics (57.6% net margin, 65.6% operating margin) and robust cash generation (310.2M FCF on 470M revenue). Strong balance sheet with 3.88x current ratio, minimal debt burden, and exceptional interest coverage (245.7x) provides substantial downside protection despite commodity price exposure.
BSMLP Strengths
- Exceptional net margin of 57.6% and operating margin of 65.6% indicate strong pricing power and operational efficiency
- Outstanding cash generation with FCF of 310.2M representing 66% of revenue, enabling significant distributions
- Very strong liquidity position (3.88x current ratio) with minimal debt obligations (Interest Coverage 245.7x)
- Solid YoY revenue growth of 11.3% despite commodity market volatility
- High ROA of 20.3% demonstrates efficient asset utilization
- Fortress balance sheet with total liabilities of only 207.1M against 1.3B in assets
BSMLP Risks
- Extreme exposure to crude oil and natural gas commodity prices with limited hedging visibility
- Very low cash position (1.5M) relative to operations despite strong FCF, suggesting capital-intensive distributions
- Significant insider activity (31 Form 4 filings in 90 days) warrants monitoring for insider sentiment
- Net income declined 9.8% YoY despite revenue growth, indicating margin compression from commodity headwinds
- Capital expenditure data missing limits assessment of reserve replacement and production sustainability
- MLP structure imposes K-1 complexity for US taxable investors
Key Metrics to Watch
- Quarterly FCF trend and distribution coverage to assess sustainability
- Revenue per unit of production to track commodity price realization
- Reserve replacement ratio and production volumes from next SEC filing
- Operating margin trajectory as commodity prices fluctuate
- Debt levels and leverage metrics in future filings
- Insider transaction patterns and large holder concentration
BSMLP Financial Metrics
💡 AI Analyst Insight
The 66.0% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 3.88x current ratio provides a solid financial cushion.
BSMLP Profitability Ratios
BSMLP vs Energy Sector
How Black Stone Minerals, L.P. compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BSMLP Balance Sheet & Liquidity
BSMLP 5-Year Financial Trend
5-Year Trend Summary: Black Stone Minerals, L.P.'s revenue has remained relatively flat over the 5-year period, with a 1% decline.
BSMLP Growth Metrics (YoY)
BSMLP Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $103.2M | $91.7M | N/A |
| Q2 2025 | $106.7M | $68.3M | N/A |
| Q1 2025 | $115.3M | $15.9M | N/A |
| Q3 2024 | $103.2M | $62.1M | N/A |
| Q2 2024 | $105.7M | $68.3M | N/A |
| Q1 2024 | $116.8M | $63.9M | N/A |
| Q3 2023 | $136.7M | $62.1M | N/A |
| Q2 2023 | $105.7M | $78.4M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BSMLP Capital Allocation
BSMLP SEC Filings
Access official SEC EDGAR filings for Black Stone Minerals, L.P. (CIK: 0001621434)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773349719.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772837744.xml | View → |
| Feb 26, 2026 | 4 | xslF345X05/wk-form4_1772144360.xml | View → |
| Feb 26, 2026 | 4 | xslF345X05/wk-form4_1772144354.xml | View → |
| Feb 26, 2026 | 4 | xslF345X05/wk-form4_1772144348.xml | View → |
❓ Frequently Asked Questions about BSMLP
What is the AI rating for BSMLP?
Black Stone Minerals, L.P. (BSMLP) has an AI rating of STRONG BUY with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BSMLP's key strengths?
Exceptional net margin of 57.6% and operating margin of 65.6% indicate strong pricing power and operational efficiency. Outstanding cash generation with FCF of 310.2M representing 66% of revenue, enabling significant distributions.
What are the risks of investing in BSMLP?
Extreme exposure to crude oil and natural gas commodity prices with limited hedging visibility. Very low cash position (1.5M) relative to operations despite strong FCF, suggesting capital-intensive distributions.
What is BSMLP's revenue and growth?
Black Stone Minerals, L.P. reported revenue of $469.9M.
Does BSMLP pay dividends?
Black Stone Minerals, L.P. does not currently pay dividends.
Where can I find BSMLP SEC filings?
Official SEC filings for Black Stone Minerals, L.P. (CIK: 0001621434) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BSMLP's EPS?
Black Stone Minerals, L.P. has a diluted EPS of $0.00.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.