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Black Stone Minerals, L.P. (BSM)

Energy | Oil & Gas E&P | Houston, United States | NYSE
15.03 USD +0.28 (1.898%) ⇧ (Oct. 16, 2026, 4 p.m. EDT)
After hours: 14.90 -0.13 (-0.130%) ⇩ (Oct. 16, 2026, 4:23 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 9:10 a.m. EDT

Black Stone Minerals presents a classic value trap scenario where attractive metrics mask a deteriorating business reality. While the stock trades at a modest P/E and boasts a massive 8.3% yield, the underlying fundamentals are failing: earnings are contracting by 12%, and the stock has suffered two consecutive years of declines, capping a nine-year window of -30% total returns. The recent news of an insider buying shares offers a glimmer of hope, but it cannot override the structural weakness evident in the price action and earnings trajectory. The options market confirms this pessimism, with traders aggressively buying cheap put protection for the medium term rather than betting on a recovery. The high yield is likely a compensation for the risk of capital destruction rather than a sustainable income stream, as the payout ratio sits at a precarious 100%. Investors should view this as a speculative contrarian play at best, lacking the robust growth or balance sheet strength required for a confident long-term hold.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.021417
AutoETS0.025616
AutoARIMA0.025616
AutoTheta0.026349

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 58%
H-stat 0.72
Ljung-Box p 0.000
Jarque-Bera p 0.432
Excess Kurtosis -0.24
Attribute Value
Sector Energy
Ex Dividend Date 2026-08-05
Last Dividend Date 2026-08-05
Debt to Equity Ratio 17.603
Revenue per Share 1.996
Market Cap 3,193,864,960
Trailing P/E 12.53
Forward P/E 13.18
Beta 0.12
Profit Margins 66.95%
Website https://www.blackstoneminerals.com

As of Oct. 10, 2026, 9:10 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts expiring in April 2027, suggesting a fear of a significant drop to the $12.50 strike. Conversely, call activity is sparse and concentrated at the money, while deep out-of-the-money calls show minimal interest. The implied volatility skew is elevated for downside protection, indicating the market prices in a higher probability of a crash than a rally.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.26% 8.82% 9.95% 10.26%
Dividend History
Date Dividend Yield %
2026-08-06 0.320 2.256700
2026-05-08 0.300 2.255639
2026-02-18 0.300 2.021563
2025-11-06 0.300 2.281369
2025-08-07 0.300 2.448980
2025-05-08 0.375 2.767528
2025-02-18 0.375 2.505010
2024-11-08 0.375 2.501668
2024-08-09 0.375 2.631579
2024-05-09 0.375 2.299203
2024-02-15 0.475 3.098500
2023-11-08 0.475 2.768065
2023-08-10 0.475 2.815649
2023-05-11 0.475 3.122945
2023-02-15 0.475 2.968750
2022-11-09 0.450 2.552468
2022-08-11 0.420 2.822581
2022-05-12 0.400 2.717391
2022-02-15 0.270 2.317597
2021-11-10 0.250 2.145923
2021-08-12 0.250 2.383222
2021-05-13 0.175 1.757028
2021-02-12 0.175 1.802266
2020-11-12 0.150 2.183406
2020-08-13 0.150 2.092050
2020-05-13 0.080 1.337793
2020-02-13 0.300 3.006012
2019-11-13 0.370 2.908805
2019-08-14 0.370 2.669553
2019-05-15 0.370 2.121560
2019-02-15 0.370 2.072829
2018-11-13 0.370 2.226233
2018-08-15 0.338 1.828015
2018-05-16 0.313 1.715068
2018-02-16 0.313 1.745678
2017-11-16 0.313 1.854265
2017-08-15 0.313 1.900425
2017-05-16 0.288 1.749696
2017-02-15 0.288 1.600889
2016-11-15 0.288 1.608040
2016-08-16 0.288 1.833227
2016-05-17 0.263 1.644778
2016-02-17 0.263 2.286957
2015-11-17 0.263 1.878571
2015-08-18 0.162 1.121107
Additional Data
dividendRate 1.22
dividendYield 8.12
exDividendDate 2026-08-06
trailingAnnualDividendRate 1.22
trailingAnnualDividendYield 0.08271187
lastDividendValue 0.32
lastDividendDate 2026-08-06
dividendDate 2026-08-13

Info Dump

Attribute Value
52 Week Change 0.19096673
Address1 1,001 Fannin Street
Address2 Suite 2020
All Time High 20.24
All Time Low 4.04
Ask 15.04
Ask Size 1,100
Average Analyst Rating 3.0 - Hold
Average Daily Volume10 Day 349,140
Average Daily Volume3 Month 388,228
Average Volume 388,228
Average Volume10Days 349,140
Beta 0.123
Bid 15.02
Bid Size 2,700
Book Value 3.822
City Houston
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 15.03
Current Ratio 3.757
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 15.045
Day Low 14.77
Debt To Equity 17.603
Display Name Black Stone Minerals
Dividend Date 1,786,579,200
Dividend Rate 1.22
Dividend Yield 8.12
Earnings Call Timestamp End 1,785,852,000
Earnings Call Timestamp Start 1,785,852,000
Earnings Growth -0.12
Earnings Quarterly Growth -0.114
Earnings Timestamp 1,785,787,200
Earnings Timestamp End 1,793,649,600
Earnings Timestamp Start 1,793,649,600
Ebitda 334,903,008
Ebitda Margins 0.79060996
Enterprise To Ebitda 11.024
Enterprise To Revenue 8.715
Enterprise Value 3,691,843,840
Eps Current Year 1.105
Eps Forward 1.14
Eps Trailing Twelve Months 1.2
Esg Populated 0
Ex Dividend Date 1,785,974,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 713 658 0943
Fifty Day Average 14.703
Fifty Day Average Change 0.32699966
Fifty Day Average Change Percent 0.022240337
Fifty Two Week Change Percent 19.096672
Fifty Two Week High 15.49
Fifty Two Week High Change -0.46000004
Fifty Two Week High Change Percent -0.029696582
Fifty Two Week Low 12.46
Fifty Two Week Low Change 2.5699997
Fifty Two Week Low Change Percent 0.20626001
Fifty Two Week Range 12.46 - 15.49
Financial Currency USD
First Trade Date Milliseconds 1,430,400,600,000
Five Year Avg Dividend Yield 9.45
Float Shares 164,299,772
Forward Eps 1.14
Forward P E 13.184211
Free Cashflow 97,278,872
Full Exchange Name NYSE
Fullday Change 0.14999962
Fullday Change Percent 1.0169466
Fullday Price 15.03
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.89589
Gross Profits 379,500,000
Has Pre Post Market Data 1
Held Percent Insiders 0.21359
Held Percent Institutions 0.19431
Implied Shares Outstanding 212,499,331
Industry Oil & Gas E&P
Industry Disp Oil & Gas E&P
Industry Key oil-gas-e-p
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,785,974,400
Last Dividend Value 0.32
Last Fiscal Year End 1,767,139,200
Long Business Summary Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.
Long Name Black Stone Minerals, L.P.
Market us_market
Market Cap 3,193,864,960
Market State CLOSED
Max Age 86,400
Message Board Id finmb_3569186
Most Recent Quarter 1,782,777,600
Net Income To Common 254,120,992
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,097,065,913
Number Of Analyst Opinions 1
Open 14.75
Operating Cashflow 320,383,008
Operating Margins 0.9536
Payout Ratio 1.0
Peg Ratio 1.35
Phone 713 445 3200
Post Market Change -0.13000011
Post Market Change Percent -0.86493754
Post Market Price 14.9
Post Market Time 1,792,182,213
Previous Close 14.75
Price Eps Current Year 13.6018095
Price Hint 2
Price To Book 3.932496
Price To Sales Trailing12 Months 7.539796
Profit Margins 0.66946
Quick Ratio 3.07
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.0
Region US
Regular Market Change 0.28
Regular Market Change Percent 1.8983
Regular Market Day High 15.045
Regular Market Day Low 14.77
Regular Market Day Range 14.77 - 15.045
Regular Market Open 14.75
Regular Market Previous Close 14.75
Regular Market Price 15.03
Regular Market Time 1,792,180,802
Regular Market Volume 621,805
Return On Assets 0.14032
Return On Equity 0.25593
Revenue Growth 0.132
Revenue Per Share 1.996
Sand P52 Week Change 0.13723719
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 212,499,331
Shares Percent Shares Out 0.013099999
Shares Short 2,796,306
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 2,805,463
Short Name Black Stone Minerals, L.P.
Short Percent Of Float 0.0159
Short Ratio 7.9
Source Interval 15
State TX
Symbol BSM
Target High Price 16.0
Target Low Price 16.0
Target Mean Price 16.0
Target Median Price 16.0
Total Cash 1,674,000
Total Cash Per Share 0.008
Total Debt 196,000,000
Total Revenue 423,600,992
Tradeable 0
Trailing Annual Dividend Rate 1.22
Trailing Annual Dividend Yield 0.08271187
Trailing Eps 1.2
Trailing P E 12.525
Trailing Peg Ratio 1.3667
Triggerable 1
Two Hundred Day Average 14.4454
Two Hundred Day Average Change 0.5845995
Two Hundred Day Average Change Percent 0.040469594
Type Disp Equity
Volume 621,805
Website https://www.blackstoneminerals.com
Zip 77,002