Black Stone Minerals (BSM) Research & Development (2014 - 2026)
Black Stone Minerals' (BSM) quarterly Research & Development came in at $4.6 million in Q1 2026, down 9.49% year-on-year from $5.1 million in Q1 2025, and down 51.94% on a QoQ basis 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.
- On a quarterly basis, Research & Development fell 9.49% year-over-year to $4.6 million in Q1 2026; TTM through Mar 2026 was $18.1 million, a 131.43% increase from a year earlier, with the FY2025 full-year figure at $18.6 million, up 581.32% from the prior year.
- Research & Development for Q1 2026 stood at $4.6 million, down from $9.6 million in the prior quarter.
- Over the last five years, Research & Development for BSM reached as high as $9.6 million in Q4 2025 and fell as low as $1000.0 in Q4 2022.
- Historically, Research & Development has averaged $1.7 million across 5 years, with a median of $180000.0 in 2022.
- Across the five-year window, Research & Development sank 97.78% in 2023 and surged 170233.33% in 2025, its largest moves.
- Year by year, Research & Development stood at $1000.0 in 2022, then surged by 42800.0% to $429000.0 in 2023, then plunged by 63.64% to $156000.0 in 2024, then jumped by 6069.23% to $9.6 million in 2025, then plunged by 51.94% to $4.6 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $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 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 109.00 Mn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 45.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | - |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 110.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | - |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 25.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 14.00 Mn |
| 10 | Black Stone Minerals | 3.16 Bn | 3.14 Bn | - | 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 |