Black Stone Minerals, L.P. (BSM) Research & Development (2014 - 2026)
Black Stone Minerals (BSM) posted quarterly 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, L.P. (BSM) Research & Development (2014 - 2026) Analysis & Trends
Black Stone Minerals (BSM) has reported Research & Development for 13 consecutive years, with $4.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 9.49% year-over-year to $4.6 million; the TTM figure through Mar 2026 stood at $18.1 million (up 131.43% YoY), while the FY2025 annual figure was $18.6 million, up 581.32% from the prior year.
- Research & Development retreated to $4.6 million in Q1 2026 per BSM's latest filing, from $9.6 million in the prior quarter.
- Across five years, Research & Development topped out at $9.6 million in Q4 2025 and bottomed at $1000.0 in Q4 2022.
- Historically, Research & Development has averaged $1.7 million across 5 years, with a median of $180000.0 in 2022.
- Annual changes were most pronounced in 2023 — Research & Development tumbled 97.78% — and 2025, when it jumped 170233.33%.
- Black Stone Minerals' Research & Development stood at $1000.0 in 2022, then soared by 42800.0% to $429000.0 in 2023, then plunged by 63.64% to $156000.0 in 2024, then surged by 6069.23% to $9.6 million in 2025, then plunged 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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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.83 Mn |
| 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 |