Black Stone Minerals (BSM) Research & Development (2014 - 2026)
Black Stone Minerals (BSM) reported Research & Development of $4.6 million for Q1 2026, down 9.49% year-over-year from $5.1 million in Q1 2025, and down 51.94% quarter-over-quarter from $9.6 million in Q4 2025.
Black Stone Minerals (BSM) Research & Development (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has 13 years of Research & Development data on file, last reported at $4.6 million in Q1 2026.
- Research & Development for Q1 2026 came in at $4.6 million, down 9.49% year-over-year; the trailing twelve-month figure through Mar 2026 was $18.1 million (up 131.43% YoY), and the FY2025 annual result was $18.6 million, up 581.32% from the prior year.
- Research & Development eased to $4.6 million in Q1 2026 per BSM's latest filing, from $9.6 million in the prior quarter.
- Over five years, Research & Development peaked at $9.6 million in Q4 2025 and troughed at $1000.0 in Q4 2022.
- A 5-year average of $1.7 million and a median of $180000.0 in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2025: Research & Development tumbled 97.78% in 2023, then jumped 170233.33% in 2025.
- A 5-year view of Research & Development shows it stood at $1000.0 in 2022, then surged by 42800.0% to $429000.0 in 2023, then tumbled by 63.64% to $156000.0 in 2024, then jumped by 6069.23% to $9.6 million in 2025, then tumbled by 51.94% to $4.6 million in 2026.
- Business Quant data shows BSM's Research & Development at $4.6 million in Q1 2026, $9.6 million in Q4 2025, and $2.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 109.00 Mn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 45.00 Mn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 110.00 Mn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | - |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | - |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 430,000.00 |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | -316,475.27 |
| 10 | Black Stone Minerals | 2.90 Bn | 2.89 Bn | 114.71 Mn | 4.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.63 Mn |
| Dec 31, 2025 | 9.62 Mn |
| Sep 30, 2025 | 2.15 Mn |
| Jun 30, 2025 | 1.75 Mn |
| Mar 31, 2025 | 5.11 Mn |
| Dec 31, 2024 | 156,000.00 |
| Sep 30, 2024 | 2.56 Mn |
| Jun 30, 2024 | 14,000.00 |
| Mar 31, 2024 | 3,000.00 |
| Dec 31, 2023 | 429,000.00 |
| Sep 30, 2023 | 1.71 Mn |
| Jun 30, 2023 | 4,000.00 |
| Mar 31, 2023 | 4,000.00 |
| Dec 31, 2022 | 1,000.00 |
| Sep 30, 2022 | 10,000.00 |
| Jun 30, 2022 | 2,000.00 |
| Mar 31, 2022 | 180,000.00 |
| Dec 31, 2021 | 2,000.00 |
| Sep 30, 2021 | 5,000.00 |
| Jun 30, 2021 | 2,000.00 |