Black Stone Minerals, L.P. (BSM) Operating Margin (2014 - 2026)
Black Stone Minerals (BSM) posted quarterly Operating Margin of 13.43% for Q1 2026, down 146.0% year-over-year from 29.19% in Q1 2025, and down 87.25% quarter-over-quarter from 105.26% in Q4 2025.
Black Stone Minerals, L.P. (BSM) Operating Margin (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has reported Operating Margin for 13 consecutive years, with 13.43% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 146.0% year-over-year to 13.43%; the TTM figure through Mar 2026 stood at 70.9% (up 1595.0% YoY), while the FY2025 annual figure was 73.02%, up 1005.0% from the prior year.
- Operating Margin slipped to 13.43% in Q1 2026 per BSM's latest filing, from 105.26% in the prior quarter.
- Across five years, Operating Margin topped out at 114.59% in Q2 2025 and bottomed at 15.78% in Q1 2022.
- Historically, Operating Margin has averaged 63.46% across 5 years, with a median of 71.03% in 2025.
- Annual changes were most pronounced in 2023 — Operating Margin soared 12632 bps — and 2024, when it slumped 5576 bps.
- Black Stone Minerals' Operating Margin stood at 52.69% in 2022, then jumped by 47 bps to 77.34% in 2023, then decreased by 27 bps to 56.76% in 2024, then surged by 85 bps to 105.26% in 2025, then plunged by 87 bps to 13.43% in 2026.
- Business Quant data shows BSM's Operating Margin at 13.43% in Q1 2026, 105.26% in Q4 2025, and 71.03% in Q3 2025.
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 73.89% |
| Mar 31, 2026 | 13.43% |
| Dec 31, 2025 | 105.26% |
| Sep 30, 2025 | 71.03% |
| Jun 30, 2025 | 114.59% |
| Mar 31, 2025 | 14.89% |
| Dec 31, 2024 | 56.76% |
| Sep 30, 2024 | 90.25% |
| Jun 30, 2024 | 62.48% |
| Mar 31, 2024 | 54.78% |
| Dec 31, 2023 | 77.34% |
| Sep 30, 2023 | 45.37% |
| Jun 30, 2023 | 74.52% |
| Mar 31, 2023 | 110.54% |
| Dec 31, 2022 | 52.69% |
| Sep 30, 2022 | 76.96% |
| Jun 30, 2022 | 73.77% |
| Mar 31, 2022 | -15.78% |
| Dec 31, 2021 | 41.60% |
| Sep 30, 2021 | 12.75% |