Black Stone Minerals LP
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 … Read more
Black Stone Minerals LP (BSM) - Net Assets
Latest net assets as of December 2025: $1.13 Billion USD
Based on the latest financial reports, Black Stone Minerals LP (BSM) has net assets worth $1.13 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.34 Billion) and total liabilities ($207.10 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.13 Billion |
| % of Total Assets | 84.49% |
| Annual Growth Rate | 6.66% |
| 5-Year Change | 6.09% |
| 10-Year Change | 55.51% |
| Growth Volatility | 26.08 |
Black Stone Minerals LP - Net Assets Trend (2012–2025)
This chart illustrates how Black Stone Minerals LP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Black Stone Minerals LP (2012–2025)
The table below shows the annual net assets of Black Stone Minerals LP from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.13 Billion | -0.09% |
| 2024-12-31 | $1.13 Billion | -7.22% |
| 2023-12-31 | $1.22 Billion | +0.62% |
| 2022-12-31 | $1.21 Billion | +13.74% |
| 2021-12-31 | $1.06 Billion | +0.44% |
| 2020-12-31 | $1.06 Billion | -3.45% |
| 2019-12-31 | $1.10 Billion | -8.80% |
| 2018-12-31 | $1.20 Billion | +10.28% |
| 2017-12-31 | $1.09 Billion | +50.28% |
| 2016-12-31 | $725.66 Million | -20.31% |
| 2015-12-31 | $910.65 Million | +11.82% |
| 2014-12-31 | $814.38 Million | -7.22% |
| 2013-12-31 | $877.79 Million | +79.86% |
| 2012-12-31 | $488.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Black Stone Minerals LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $827.98 Million | 73.58% |
| Other Comprehensive Income | $824.74 Million | 73.30% |
| Total Equity | $1.13 Billion | 100.00% |
Black Stone Minerals LP Competitors by Market Cap
The table below lists competitors of Black Stone Minerals LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wuhan Jingce Electronic Technology Co Ltd
SHE:300567
|
$2.73 Billion |
|
Fastly, Inc. Class A Common Stock
NYSE:FSLY
|
$2.73 Billion |
|
BRP Inc
NASDAQ:DOOO
|
$2.73 Billion |
|
Erasca Inc
NASDAQ:ERAS
|
$2.73 Billion |
|
Hand Enterprise Solutions Co
SHE:300170
|
$2.72 Billion |
|
Heartland Financial USA Inc
NASDAQ:HTLF
|
$2.72 Billion |
|
Danieli & C. Officine Meccaniche S.p.A
F:DAS
|
$2.72 Billion |
|
Nh Investment And Securities 1p
KO:005945
|
$2.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Black Stone Minerals LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,129,439,000 to 1,125,213,000, a change of -4,226,000 (-0.4%).
- Net income of 299,932,000 contributed positively to equity growth.
- Dividend payments of 315,120,000 reduced retained earnings.
- Share repurchases of 3,777,000 reduced equity.
- Other comprehensive income increased equity by 824,735,000.
- Other factors decreased equity by 809,996,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $299.93 Million | +26.66% |
| Dividends Paid | $315.12 Million | -28.01% |
| Share Repurchases | $3.78 Million | -0.34% |
| Other Comprehensive Income | $824.74 Million | +73.3% |
| Other Changes | $-810.00 Million | -71.99% |
| Total Change | $- | -0.37% |
Book Value vs Market Value Analysis
This analysis compares Black Stone Minerals LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 205.86x to 2.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $0.07 | $15.34 | x |
| 2013-12-31 | $4.59 | $15.34 | x |
| 2014-12-31 | $4.28 | $15.34 | x |
| 2015-12-31 | $4.35 | $15.34 | x |
| 2016-12-31 | $3.50 | $15.34 | x |
| 2017-12-31 | $3.99 | $15.34 | x |
| 2018-12-31 | $5.53 | $15.34 | x |
| 2019-12-31 | $3.87 | $15.34 | x |
| 2020-12-31 | $3.68 | $15.34 | x |
| 2021-12-31 | $3.67 | $15.34 | x |
| 2022-12-31 | $4.06 | $15.34 | x |
| 2023-12-31 | $5.41 | $15.34 | x |
| 2024-12-31 | $5.36 | $15.34 | x |
| 2025-12-31 | $5.31 | $15.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Black Stone Minerals LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 71.02%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.19x
- Recent ROE (26.66%) is above the historical average (24.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 57.25% | 24.86% | 0.31x | 7.48x | $75.70 Million |
| 2013 | 19.30% | 36.37% | 0.32x | 1.65x | $81.22 Million |
| 2014 | 20.92% | 31.07% | 0.41x | 1.63x | $88.91 Million |
| 2015 | -12.03% | -25.46% | 0.37x | 1.28x | $-183.19 Million |
| 2016 | 3.01% | 7.74% | 0.23x | 1.68x | $-46.96 Million |
| 2017 | 20.46% | 36.58% | 0.27x | 2.05x | $80.37 Million |
| 2018 | 24.57% | 48.48% | 0.35x | 1.46x | $175.27 Million |
| 2019 | 26.85% | 43.50% | 0.32x | 1.94x | $134.52 Million |
| 2020 | 16.02% | 41.07% | 0.24x | 1.64x | $45.76 Million |
| 2021 | 23.78% | 35.98% | 0.41x | 1.63x | $105.46 Million |
| 2022 | 52.28% | 60.75% | 0.62x | 1.39x | $385.33 Million |
| 2023 | 34.71% | 84.32% | 0.40x | 1.04x | $300.81 Million |
| 2024 | 24.02% | 61.75% | 0.36x | 1.08x | $158.38 Million |
| 2025 | 26.66% | 71.02% | 0.32x | 1.19x | $187.41 Million |
Industry Comparison
This section compares Black Stone Minerals LP's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Black Stone Minerals LP (BSM) | $1.13 Billion | 57.25% | 0.18x | $2.73 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |