Black Stone Minerals Lp (BSM) Releases Q4 2025 Earnings: Revenue and EPS Beat; Cash from Ops Down, Liabilities Jump

By: Quiver EarningsTracker

Posted: 1 month, 1 week ago / Feb. 24, 2026 10:21 p.m. UTC

BSM

Black Stone Minerals Lp (BSM) reported fourth-quarter 2025 results with strong year-over-year gains across the income statement.

Total revenue: $118.7 million (+41.78% year-over-year).

Gross profit: $107.6 million (+52.06% year-over-year).

Operating profit: $74.9 million (+57.51% year-over-year).

Net income attributable to common shareholders: $79.6 million (+71.74% year-over-year).

Diluted earnings per share: $0.31 (+63.16% year-over-year).

The company beat consensus on both top and bottom lines: revenue exceeded the estimate of $102.2 million, and diluted EPS topped the estimate of $0.27.

Cash from operating activities: $65.1 million (down 28.43% year-over-year).

Purchases of property, plant and equipment (capital spending): $55.3 million (cash outflow, up 15.22% year-over-year).

Cash and cash equivalents: $1.5 million (down 41.33% year-over-year).

Cost of sales declined to $11.1 million (down 14.33% year-over-year), while total liabilities increased sharply to $207.1 million (up 131.48% year-over-year), reflecting notable balance sheet movement during the quarter.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Black Stone Minerals Lp Insider Trading Activity

Black Stone Minerals Lp insiders have traded $BSM stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $BSM stock by insiders over the last 6 months:

THOMAS L JR CARTER (CEO, President, and Chairman) has made 5 purchases buying 40,670 shares for an estimated $498,814 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Black Stone Minerals Lp Hedge Fund Activity

We have seen 78 institutional investors add shares of Black Stone Minerals Lp stock to their portfolio, and 80 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 13,434,351 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $176,527,372
MORGAN STANLEY added 2,582,823 shares (+57.1%) to their portfolio in Q4 2025, for an estimated $34,325,717
FMR LLC added 1,881,122 shares (+inf%) to their portfolio in Q4 2025, for an estimated $25,000,111
NORTHWESTERN UNIVERSITY added 1,086,025 shares (+inf%) to their portfolio in Q4 2025, for an estimated $14,433,272
CONCORDE FINANCIAL CORP removed 656,670 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $8,727,144
SABER CAPITAL MANAGMENT, LLC added 599,981 shares (+1920.5%) to their portfolio in Q4 2025, for an estimated $7,973,747
BANK OF AMERICA CORP /DE/ removed 424,745 shares (-16.3%) from their portfolio in Q4 2025, for an estimated $5,644,861

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.