BSM · Black Stone Minerals, L.P.
$14.91
+0.14 (+0.95%)
At close · Aug 21
Market Cap
$3.36B
Shares
227.42M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$14.77
Open$14.70
Day$14.64–14.88
52W close$11.92–15.44
Avg vol 30d399K
Short int4.0M · 1.8% float · 12.8d
Short vol52%
Last earningsAug 4, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 4
Up next
Next earnings call
Nov 3, 2026
Est · unconfirmed
· in 11 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 4, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Strong Buy
SellHoldBuy
Technical
Strong Buy
Momentum
Weak
Sentiment
Bullish
Fundamentals
Excellent
Quant / Vol
Very Low
Market backdrop
VIX 16 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
Golden cross
Price vs 200-day avg
+4%
above
Price vs 50-day avg
+4%
above
RSI (14)
58
neutral
MACD trend
Positive
52-week position
81%
mid-range
Momentum
relative strength
1-month return
+1%
trailing
6-month return
−2%
trailing
YTD return
+11%
this year
Relative strength
−13%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
Golden cross
50d $14 › 200d $14 — 50d above 200d
Institutional flow
Accumulating
+2% holders QoQ · +20 funds added
Insider flow
Distributing
Net -$26.6M over 90 days · 50% sells
Short interest
Falling
1.76% of float · ▼ -4.3% MoM · 12.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
199 holders — near 3-yr high, broad support
Squeeze score
59
elevated · 0–100
Fundamentals
Revenue growth
+8%
Y/Y
Buyback
$225.0M
authorized
Balance sheet
$1.5M
net cash
Quant / Vol
risk profile
Volatility
21%
annualized · 1-yr
Max drawdown
−14%
past year
ATR
2.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Feb 24, 2026
Percentage natural gas
· FY 2026
77%
Lease operating expense ($MM)
· FY 2026
$7M – $9M
Lease bonus and other income ($MM)
· FY 2026
$12M – $15M
Production costs and ad valorem taxes (as % of total pre-derivat
· FY 2026
9% – 11%
Percentage royalty interest
· FY 2026
97%
G&A - cash ($MM)
· FY 2026
$51M – $52M
Exploration Expense ($MM)
· FY 2026
$28M – $32M
G&A - non-cash ($MM)
· FY 2026
$11M – $13M
DD&A ($/Boe)
· FY 2026
$3 – $3
G&A - TOTAL ($MM)
· FY 2026
$62M – $65M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Buy
50 / 200-day cross
Golden cross
Bullish
Price vs 200-day avg
+4%
Bullish
Price vs 50-day avg
+4%
Bullish
RSI (14)
58
Neutral
MACD trend
Positive
Bullish
52-week position
81%
Neutral
Market signals — smart money & positioning
Bullish · 4 of 6
Trend (MA cross)
Golden cross
50d $14 › 200d $14 — 50d above 200d
Institutional flow
Accumulating
+2% holders QoQ · +20 funds added
Insider flow
Distributing
Net -$26.6M over 90 days · 50% sells
Short interest
Falling
1.76% of float · ▼ -4.3% MoM · 12.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
199 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $12
Now $15 · 81%
Range high $15
vs 200-day avg +4%
vs 50-day avg +4%
50-day above 200-day golden cross
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 178.33M | Six Months Ended June 30, 2026 | — |
|
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| Cash distributions per common unit | $0.32 | second quarter of 2026 | — |
| Distributable Cash Flow non-GAAP | 156.94M | Six Months Ended June 30, 2026 | — |
|
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| Distributable Cash Flow per unit non-GAAP | $0.38 | Three Months Ended June 30, 2026 | — |
| Equivalents ($/Boe) | $37.82 | Three Months Ended June 30, 2026 | — |
| Equivalents (MBoe) | 6,381 | Six Months Ended June 30, 2026 | — |
| Equivalents/day (MBoe) | 35.3 | Six Months Ended June 30, 2026 | — |
| Mineral and royalty acquisitions | 37.2M | second quarter of 2026 | — |
| Mineral and royalty production | 32.5 | second quarter of 2026 | — |
|
|
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| Natural gas (MMcf) | 13,133 | Three Months Ended June 30, 2026 | — |
| Oil and condensate ($/Bbl) | $87.08 | Three Months Ended June 30, 2026 | — |
| Oil and condensate (MBbls) | 863 | Three Months Ended June 30, 2026 | — |
| Total production | 33.5 | second quarter of 2026 | — |
|
|
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| Total units outstanding | 212.71M | Three Months Ended June 30, 2026 | — |
| Working-interest production | 1 | second quarter of 2026 | — |
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| Average full year production | 34.6 | Full Year 2025 | — |
| Distribution coverage | 1.05 | Q4 2025 | — |
| Mineral and royalty volumes | 33.3 | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BSM
this stock
Black Stone Minerals, L.P.
|
$3.36B | +11.1% | +8.4% | — | 1.8% |
|
COP
Conocophillips
|
$162.05B | +44.1% | +7.7% | 17.8 | 1.5% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$105.20B | +50.8% | — | — | 2.4% |
|
EOG
Eog Resources Inc
|
$79.83B | +44.9% | -4.5% | 11.8 | 3.1% |
|
OXY
Occidental Petroleum Corp /De/
|
$61.28B | +49.6% | -1.9% | — | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BSM | +2.7% | +1.4% | -2.2% | -1.2% | +11.1% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | +4.7% | -1.9% | -13.4% | -3.3% | -0.7% |
Capital returns
Latest dividend
$0.32
/ share · ex Aug 6, 2026
Paid (TTM)
$1.22
/ share · 4 payouts
Dividend yield (TTM, derived)
8.26%
Buyback programs
· 2 active
· as of Oct 30, 2023
Authorized (total)
$225.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1621434
CUSIP
09225M101
13F (30d)
185 filings
174 filers
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