Black Stone Minerals (BSM) Invested Capital (2014 - 2026)
Black Stone Minerals' (BSM) quarterly Invested Capital came in at $1.0 billion in Q2 2026, up 11.74% year-over-year from $908.2 million in Q2 2025, and up 2.73% quarter-over-quarter from $987.8 million in Q1 2026.
Analysis
Black Stone Minerals (BSM) Invested Capital (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has reported Invested Capital for 13 consecutive years, with $1.0 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Invested Capital rose 11.74% year-over-year to $1.0 billion in Q2 2026; TTM through Jun 2026 was $1.0 billion, a 11.74% increase from a year earlier, with the FY2025 full-year figure at $982.0 million, up 14.47% from the prior year.
- Invested Capital was $1.0 billion for Q2 2026 at Black Stone Minerals, up from $987.8 million in the prior quarter.
- Over five years, Invested Capital peaked at $1.0 billion in Q2 2026 and troughed at $857.8 million in Q4 2024.
- A 5-year average of $919.6 million and a median of $919.1 million in 2023 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital declined 7.0% in 2024 and advanced 14.47% in 2025, its largest moves.
- Over 5 years, Invested Capital stood at $924.7 million in 2022, then retreated by 0.26% to $922.3 million in 2023, then declined by 7.0% to $857.8 million in 2024, then grew by 14.47% to $982.0 million in 2025, then grew by 3.34% to $1.0 billion in 2026.
- The last three Invested Capital figures came in at $1.0 billion (Q2 2026), $987.8 million (Q1 2026), and $982.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.06 Bn | 20.23 Bn | - | 11.96 Bn |
| 2 | Black Stone Minerals | 3.15 Bn | 3.14 Bn | - | 1.01 Bn |
| 3 | Kimbell Royalty Partners | 1.47 Bn | 1.43 Bn | - | 1.15 Bn |
| 4 | Dorchester Minerals | 1.46 Bn | 1.39 Bn | - | - |
| 5 | Natural Resource Partners | 1.44 Bn | 1.41 Bn | 47.24 Mn | 677.41 Mn |
| 6 | Evolution Petroleum | 138.41 Mn | 130.18 Mn | 11.43 Mn | 119.77 Mn |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | - |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | - |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.01 Bn |
| Mar 31, 2026 | 987.83 Mn |
| Dec 31, 2025 | 981.98 Mn |
| Sep 30, 2025 | 919.86 Mn |
| Jun 30, 2025 | 908.21 Mn |
| Mar 31, 2025 | 873.77 Mn |
| Dec 31, 2024 | 857.81 Mn |
| Sep 30, 2024 | 870.04 Mn |
| Jun 30, 2024 | 871.90 Mn |
| Mar 31, 2024 | 890.86 Mn |
| Dec 31, 2023 | 922.33 Mn |
| Sep 30, 2023 | 892.71 Mn |
| Jun 30, 2023 | 918.39 Mn |
| Mar 31, 2023 | 943.58 Mn |
| Dec 31, 2022 | 924.69 Mn |
| Sep 30, 2022 | 931.35 Mn |
| Jun 30, 2022 | 936.41 Mn |
| Mar 31, 2022 | 906.82 Mn |
| Dec 31, 2021 | 905.81 Mn |
| Sep 30, 2021 | 900.54 Mn |