BSM · Black Stone Minerals, L.P.

Track BSM — free

$14.77 +0.18 (+1.23%) At close · Aug 20

Market Cap

$3.32B

227.42M

Up next

Next earnings call

Nov 3, 2026 Est · unconfirmed · in 11 wks

FQ3-26 quarter ends

~Sep 30, 2026 Est

Latest filing: 10-Q

filed Aug 4, 2026

AI Brief

TL;DR.

Bullish

Bearish

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 advice

Overall

Strong Buy

SellHoldBuy

Technical Strong Buy Momentum Weak Sentiment Bullish Fundamentals Excellent Quant / Vol Very Low

Market backdrop VIX 14.9 · calm Equity put/call 0.52

Technical

price trend

Strong Buy

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

Weak

1-month return +1%

trailing

6-month return −2%

trailing

YTD return +11%

this year

Relative strength −14%

vs S&P · 6-mo

Sentiment

smart money

Bullish

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

Excellent

Revenue growth +8%

Y/Y

Buyback $225.0M

authorized

Balance sheet $1.5M

net cash

Quant / Vol

risk profile

Very Low

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

what management promised — and delivered

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

0 · 2 · 4

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	—

Cash distributions per common unit	$0.32	second quarter of 2026	—
Distributable Cash Flow non-GAAP	156.94M	Six Months Ended June 30, 2026	—

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	—

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	—

Total units outstanding	212.71M	Three Months Ended June 30, 2026	—
Working-interest production	1	second quarter of 2026	—

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

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
BSM Black Stone Minerals, L.P. this stock	$3.32B	+11.1%	+8.4%	—	1.8%
COP Conocophillips	$158.34B	+44.1%	+7.7%	17.4	1.5%
CNQ CANADIAN NATURAL RESOURCES Ltd	$103.51B	+50.8%	—	—	2.4%
EOG Eog Resources Inc	$78.60B	+44.9%	-4.5%	11.7	3.1%
OXY Occidental Petroleum Corp /De/	$60.07B	+46.1%	-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 section

Ownership

Institutional Holders Accumulating

Holders

199

% held: 20.0%
Net QoQ: +917.7K sh
Top holder: MORGAN STANLEY

Held Float

View

Held by Funds

Fund positions

View

Short & Settlement

Short Interest Falling

Shares short

4.0M

Days to cover: 12.8d
Change: -181.9K sh

View

Short Volume

Short vol %

50%

As of: Aug 20, 2026

Short Total

View

Fails to Deliver

FTD shares

889

Value: $13.2K
As of: Jul 31, 2026

View

Off-Exchange

Off-exchange %

45.9%

Week of: Jul 13, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$26.6M

Buyers / Sellers: 1 / 1

Buyers Sellers

View

Congressional Trades Buy

Member

Thomas R Carper

Amount: $1.0K–$15.0K
Traded: Feb 21, 2023

View

Financials

Revenue (FY)

$469.9M

Net income (FY): $299.9M

View

Buybacks

Authorized · 2 programs

$225.0M

View

Filings

SEC Filings

Latest

8-K

Filed: Aug 4, 2026
This year: 10

View

Proposed Sales

Value

$6.6M

Shares: 498.3K
Filed: Aug 6, 2026

View

Exempt Offerings

Offering

$3.8M

Filed: Mar 25, 2025

View

Earnings & Events

Earnings Calls

Last call

Aug 4, 2026

View

Investor Relations

Performance

	5D	20D	120D	MTD	YTD
BSM	+2.7%	+1.4%	-2.2%	-1.2%	+11.1%
SPY	-0.4%	+2.9%	+11.6%	+3.0%	+12.8%
vs SPY	+3.2%	-1.5%	-13.8%	-4.2%	-1.6%

Capital returns

Latest dividend

$0.32 / share · ex Aug 6, 2026

Raised 6.7%

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) 184 filings 174 filers Visit website Investor relations

BSM · Black Stone Minerals, L.P.

Price & Indicators

Up next

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns