Black Stone Minerals, L.P. (BSM) Operating Expenses (2014 - 2026)
Black Stone Minerals (BSM) posted quarterly Operating Expenses of $42.7 million for Q1 2026, up 1.5% year-over-year from $42.1 million in Q1 2025, and down 2.57% quarter-over-quarter from $43.8 million in Q4 2025.
Black Stone Minerals, L.P. (BSM) Operating Expenses (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has reported Operating Expenses for 13 consecutive years, with $42.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 1.5% year-over-year to $42.7 million; the TTM figure through Mar 2026 stood at $162.2 million (up 0.61% YoY), while the FY2025 annual figure was $161.5 million, up 0.58% from the prior year.
- Operating Expenses fell to $42.7 million in Q1 2026 per BSM's latest filing, from $43.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $47.8 million in Q3 2023 and bottomed at $36.2 million in Q4 2024.
- Historically, Operating Expenses has averaged $42.0 million across 5 years, with a median of $42.1 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Expenses decreased 19.16% — and 2025, when it increased 21.12%.
- Black Stone Minerals' Operating Expenses stood at $45.4 million in 2022, then fell by 4.77% to $43.2 million in 2023, then fell by 16.27% to $36.2 million in 2024, then gained by 21.12% to $43.8 million in 2025, then decreased 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.
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.90 Mn |
| Mar 31, 2026 | 42.72 Mn |
| Dec 31, 2025 | 43.85 Mn |
| Sep 30, 2025 | 38.37 Mn |
| Jun 30, 2025 | 37.21 Mn |
| Mar 31, 2025 | 42.09 Mn |
| Dec 31, 2024 | 36.20 Mn |
| Sep 30, 2024 | 41.74 Mn |
| Jun 30, 2024 | 41.13 Mn |
| Mar 31, 2024 | 41.52 Mn |
| Dec 31, 2023 | 43.24 Mn |
| Sep 30, 2023 | 47.76 Mn |
| Jun 30, 2023 | 38.24 Mn |
| Mar 31, 2023 | 39.38 Mn |
| Dec 31, 2022 | 45.41 Mn |
| Sep 30, 2022 | 46.22 Mn |
| Jun 30, 2022 | 47.31 Mn |
| Mar 31, 2022 | 42.17 Mn |
| Dec 31, 2021 | 43.86 Mn |
| Sep 30, 2021 | 42.31 Mn |