Black Stone Minerals (BSM) Cash from Operations (2014 - 2026)
Black Stone Minerals' (BSM) quarterly Cash from Operations came in at $93.0 million in Q2 2026, up 15.52% year-over-year from $80.5 million in Q2 2025, and up 48.6% quarter-over-quarter from $62.6 million in Q1 2026.
Analysis
Black Stone Minerals (BSM) Cash from Operations (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has reported Cash from Operations for 13 consecutive years, with $93.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cash from Operations rose 15.52% year-over-year to $93.0 million in Q2 2026; TTM through Jun 2026 was $320.4 million, a 2.77% decrease from a year earlier, with the FY2025 full-year figure at $310.2 million, down 20.27% from the prior year.
- Cash from Operations was $93.0 million for Q2 2026 at Black Stone Minerals, up from $62.6 million in the prior quarter.
- Over five years, Cash from Operations peaked at $156.4 million in Q4 2022 and troughed at $62.6 million in Q1 2026.
- A 5-year average of $100.1 million and a median of $96.5 million in 2024 frame the typical range for Cash from Operations.
- Across the five-year window, Cash from Operations jumped 112.97% in 2022 and tumbled 37.93% in 2025, its largest moves.
- Over 5 years, Cash from Operations stood at $156.4 million in 2022, then slipped by 14.27% to $134.1 million in 2023, then sank by 32.18% to $91.0 million in 2024, then fell by 28.43% to $65.1 million in 2025, then surged by 42.81% to $93.0 million in 2026.
- The last three Cash from Operations figures came in at $93.0 million (Q2 2026), $62.6 million (Q1 2026), and $65.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.06 Bn | 20.23 Bn | - | 487.00 Mn |
| 2 | Black Stone Minerals | 3.15 Bn | 3.14 Bn | - | 92.97 Mn |
| 3 | Kimbell Royalty Partners | 1.47 Bn | 1.43 Bn | - | 68.30 Mn |
| 4 | Dorchester Minerals | 1.46 Bn | 1.39 Bn | - | 64.21 Mn |
| 5 | Natural Resource Partners | 1.44 Bn | 1.41 Bn | 47.24 Mn | 40.95 Mn |
| 6 | Evolution Petroleum | 138.41 Mn | 130.18 Mn | 11.43 Mn | 6.80 Mn |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | -53,000.00 |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | - |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | 31,125.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.97 Mn |
| Mar 31, 2026 | 62.56 Mn |
| Dec 31, 2025 | 65.10 Mn |
| Sep 30, 2025 | 99.76 Mn |
| Jun 30, 2025 | 80.48 Mn |
| Mar 31, 2025 | 64.84 Mn |
| Dec 31, 2024 | 90.96 Mn |
| Sep 30, 2024 | 93.24 Mn |
| Jun 30, 2024 | 100.39 Mn |
| Mar 31, 2024 | 104.46 Mn |
| Dec 31, 2023 | 134.12 Mn |
| Sep 30, 2023 | 116.71 Mn |
| Jun 30, 2023 | 133.27 Mn |
| Mar 31, 2023 | 137.16 Mn |
| Dec 31, 2022 | 156.43 Mn |
| Sep 30, 2022 | 108.41 Mn |
| Jun 30, 2022 | 77.56 Mn |
| Mar 31, 2022 | 82.58 Mn |
| Dec 31, 2021 | 73.45 Mn |
| Sep 30, 2021 | 57.85 Mn |