For the year ending 2025-12-31, BSM made $469,919K in revenue. $270,466K in net income. Net profit margin of 57.56%.
| Income Statement | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | 469,919 | 433,699 |
| Lease operating expense | 10,141 | 9,705 |
| Production costs and ad valorem taxes | 39,024 | 49,577 |
| Exploration expense | 18,634 | 2,735 |
| Depreciation, depletion, and amortization | 36,887 | 45,196 |
| General and administrative | 55,463 | 52,082 |
| Accretion of asset retirement obligations | 1,374 | 1,298 |
| Gain on sale of assets, net | 0 | - |
| Total operating expense | 161,523 | 160,593 |
| Income from operations | 308,396 | 273,106 |
| Interest and investment income | 237 | - |
| Interest expense | 8,930 | 3,109 |
| Interest and investment income | - | 1,666 |
| Other income (expense), net | 229 | -337 |
| Total other expense | -8,464 | -1,780 |
| Net income (loss) | - | 271,326 |
| Net income | 299,932 | - |
| Distributions on series b cumulative convertible preferred units | 29,466 | 29,466 |
| Net income attributable to the general partner and common units | 270,466 | 241,860 |
Black Stone Minerals, L.P. (BSM)
Black Stone Minerals, L.P. (BSM)