Black Stone Minerals (BSM) Operating Income (2014 - 2026)
Black Stone Minerals' (BSM) quarterly Operating Income came in at $110.1 million in Q2 2026, down 9.99% year-over-year from $122.3 million in Q2 2025, and up 561.68% quarter-over-quarter from $16.6 million in Q1 2026.
Analysis
Black Stone Minerals (BSM) Operating Income (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has reported Operating Income for 13 consecutive years, with $110.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Income fell 9.99% year-over-year to $110.1 million in Q2 2026; TTM through Jun 2026 was $295.7 million, a 5.56% increase from a year earlier, with the FY2025 full-year figure at $308.4 million, up 12.92% from the prior year.
- Operating Income was $110.1 million for Q2 2026 at Black Stone Minerals, up from $16.6 million in the prior quarter.
- Over five years, Operating Income peaked at $185.0 million in Q4 2022 and troughed at -$5.7 million in Q1 2022.
- A 5-year average of $89.7 million and a median of $85.9 million in 2023 frame the typical range for Operating Income.
- Across the five-year window, Operating Income tumbled 133.39% in 2022 and surged 2452.11% in 2023, its largest moves.
- Over 5 years, Operating Income stood at $185.0 million in 2022, then retreated by 20.2% to $147.6 million in 2023, then tumbled by 67.8% to $47.5 million in 2024, then surged by 57.51% to $74.9 million in 2025, then jumped by 47.05% to $110.1 million in 2026.
- The last three Operating Income figures came in at $110.1 million (Q2 2026), $16.6 million (Q1 2026), and $74.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.06 Bn | 20.23 Bn | - | 428.00 Mn |
| 2 | Black Stone Minerals | 3.15 Bn | 3.14 Bn | - | 110.07 Mn |
| 3 | Kimbell Royalty Partners | 1.47 Bn | 1.43 Bn | - | 59.68 Mn |
| 4 | Dorchester Minerals | 1.46 Bn | 1.39 Bn | - | - |
| 5 | Natural Resource Partners | 1.44 Bn | 1.41 Bn | 47.24 Mn | 26.23 Mn |
| 6 | Evolution Petroleum | 138.41 Mn | 130.18 Mn | 11.43 Mn | 3.47 Mn |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | - |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | -131,844.00 |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | -2,452.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 110.07 Mn |
| Mar 31, 2026 | 16.64 Mn |
| Dec 31, 2025 | 74.85 Mn |
| Sep 30, 2025 | 94.10 Mn |
| Jun 30, 2025 | 122.28 Mn |
| Mar 31, 2025 | 17.16 Mn |
| Dec 31, 2024 | 47.52 Mn |
| Sep 30, 2024 | 93.12 Mn |
| Jun 30, 2024 | 68.49 Mn |
| Mar 31, 2024 | 63.97 Mn |
| Dec 31, 2023 | 147.60 Mn |
| Sep 30, 2023 | 62.03 Mn |
| Jun 30, 2023 | 78.76 Mn |
| Mar 31, 2023 | 135.20 Mn |
| Dec 31, 2022 | 184.97 Mn |
| Sep 30, 2022 | 170.21 Mn |
| Jun 30, 2022 | 133.07 Mn |
| Mar 31, 2022 | -5.75 Mn |
| Dec 31, 2021 | 135.57 Mn |
| Sep 30, 2021 | 17.52 Mn |