
BFC, BSM and SKY have been added to the Zacks Rank #5 (Strong Sell) List on June 17, 2026.
Black Stone Minerals, LP, owns and manages oil and natural gas mining interests. The company is headquartered in Houston, Texas.
| Revenue (TTM) | $410.17M |
| Gross Profit (TTM) | $362.26M |
| EBITDA | $346.84M |
| Operating Margin | 14.20% |
| Return on Equity | 27.80% |
| Return on Assets | 14.90% |
| Revenue/Share (TTM) | $1.94 |
| Book Value | $3.64 |
| Price-to-Book | 2.73 |
| Price-to-Sales (TTM) | 7.31 |
| EV/Revenue | 7.21 |
| EV/EBITDA | 8.99 |
| Quarterly Earnings Growth (YoY) | -30.50% |
| Quarterly Revenue Growth (YoY) | 8.50% |
| Shares Outstanding | $212.50M |
| Float | $161.17M |
| % Insiders | 21.38% |
| % Institutions | 18.71% |
Volatility is currently expanding

BFC, BSM and SKY have been added to the Zacks Rank #5 (Strong Sell) List on June 17, 2026.

Black Stone Minerals, L.P. Common Units (BSM) Q1 2026 Earnings Call Transcript

The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In West Texas, gas is so abundant that some producers must pay to have it taken away.

Black Stone is projected to generate $273 million in 2026 distributable cash flow at current strip. Hedges limit its ability to benefit from strong near-term oil prices. A $20 increase in the average 2026 oil price would only improve Black Stone's DCF by $3 million. Black Stone has close to 45% of its 2027 production hedged.

Putman sold 29,386 shares on April 6, 2026, with a transaction value of approximately $425,000 based on a weighted average price of around $14.45 per share. Putman retains 732,031 common units representing direct limited partner interests.

Black Stone Minerals offers a compelling 8% yield near $15/unit, leveraging a royalty model with minimal operational risk and strong insider alignment. BSM is poised for significant production growth, with projections targeting 50 MBoe/d by 2030 and 60 MBoe/d by 2035, nearly doubling current levels. Management aims to raise distributions to $2/unit as production ramps, potentially boosting yield to 13% and supporting a $25 price target in 3–5 years.