Black Stone Minerals, L.P. (BSM) owns and manages oil and natural gas mineral interests in the United States ('U.S.').
The company owns mineral interests in approximately 16.9 million gross acres, with an average 43.4% ownership interest in that acr…
Analysis
Quality compounder
Black Stone Minerals, L.P. is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.
The price is attractive. You pay 13.4× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.
The trajectory is tepid and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.
What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202340
25
2023202420252026
All-time high
60
Jan 2024
All-time low
25
Jun 2026
Average rank
39
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
7
11
3
6
Price/Earnings
42
43
35
5
Price/Book
1
13
11
32
Dividend Yield
100
98
96
99
Value (overall)
27
32
23
25
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.