Black Stone Minerals (BSM) Operating Expenses (2014 - 2026)

Black Stone Minerals (BSM) has 13 years of Operating Expenses data on file, last reported at $42.7 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $42.7 million, up 1.5% year-over-year; the trailing twelve-month figure through Mar 2026 was $162.2 million (up 0.61% YoY), and the FY2025 annual result was $161.5 million, up 0.58% from the prior year.
• Operating Expenses slipped to $42.7 million in Q1 2026 per BSM's latest filing, from $43.8 million in the prior quarter.
• Over five years, Operating Expenses peaked at $47.8 million in Q3 2023 and troughed at $36.2 million in Q4 2024.
• A 5-year average of $42.0 million and a median of $42.1 million in 2025 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2025: Operating Expenses decreased 19.16% in 2023, then increased 21.12% in 2025.
• A 5-year view of Operating Expenses shows it stood at $45.4 million in 2022, then declined by 4.77% to $43.2 million in 2023, then declined by 16.27% to $36.2 million in 2024, then rose by 21.12% to $43.8 million in 2025, then retreated by 2.57% to $42.7 million in 2026.
• Business Quant data shows BSM's Operating Expenses at $42.7 million in Q1 2026, $43.8 million in Q4 2025, and $38.4 million in Q3 2025.