Black Stone Minerals (BSM) Cost of Revenue (2014 - 2026)

Black Stone Minerals (BSM) has 13 years of Cost of Revenue data on file, last reported at $9.2 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $9.2 million, down 9.67% year-over-year; the trailing twelve-month figure through Mar 2026 was $38.0 million (down 18.59% YoY), and the FY2025 annual result was $39.0 million, down 21.29% from the prior year.
• Cost of Revenue improved to $9.2 million in Q1 2026 per BSM's latest filing, from $8.9 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $19.5 million in Q2 2022 and troughed at $8.9 million in Q4 2025.
• A 5-year average of $13.0 million and a median of $12.8 million in 2023 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 109.81% in 2022, then plunged 34.15% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $14.9 million in 2022, then grew by 0.69% to $15.0 million in 2023, then dropped by 28.79% to $10.7 million in 2024, then slipped by 17.04% to $8.9 million in 2025, then increased by 3.63% to $9.2 million in 2026.
• Business Quant data shows BSM's Cost of Revenue at $9.2 million in Q1 2026, $8.9 million in Q4 2025, and $10.9 million in Q3 2025.