Jun 2026 (Q2 FY26) — Aug 4, 2026
Black Stone Minerals Q2 FY26 — Distribution Increase Amidst Strategic Execution
Read the full callBlack Stone Minerals (BSM) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Black Stone Minerals earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 149 | −6.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 73.9 | −2.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Price
$14.82 −1.40% · −$0.21
Performance +18.0% 1Y
1Y: $12.56 on 17 Oct 2025 → $14.82. High $15.44 (5 Mar 2026), low $12.56 (17 Oct 2025).
- Previous close
- $15.03
- 52-week range
- $12.62 – $15.44
- One year
- +17.43%
Overview
- Symbol
- BSM
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Black Stone Minerals earnings calls (BSM)
Financials
What the filings say
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 135 | 84 | 59 | 159 | 132 | 119 | 59 | 149 |
| Operating profit | 93 | 48 | 17 | 122 | 94 | 75 | 17 | 110 |
| Operating margin | 69.0% | 56.8% | 29.0% | 76.7% | 71.0% | 63.1% | 28.0% | 73.9% |
| Other income | -0 | -1 | -1 | -2 | -2 | -3 | -3 | -4 |
| Interest | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 4 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 548 | 448 | 185 | 184 | 61 | 50 | 89 | 207 |
| Fixed assets | 1,576 | 1,434 | 1,172 | 1,133 | 1,088 | 1,066 | 1,134 | 1,225 |
| Total assets | 1,750 | 1,545 | 1,244 | 1,248 | 1,271 | 1,267 | 1,219 | 1,336 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 385 | 413 | 282 | 257 | 425 | 521 | 389 | 310 |
| Cash from investing | -164 | -49 | 151 | -14 | -1 | -20 | -112 | -118 |
| Cash from financing | -222 | -361 | -439 | -235 | -428 | -436 | -345 | -193 |
| Net cash flow | — | 3 | -6 | 7 | -5 | 66 | -68 | -1 |
| Capital expenditure | -291 | -108 | -4 | -14 | -12 | -19 | -110 | -108 |
| Free cash flow | 94 | 305 | 278 | 243 | 413 | 502 | 279 | 202 |
Insider filings
65 filings between Jan 2, 2026 and Oct 2, 2026.
Open market
decisions to buy or sellPurchases
$2.41M
7 purchases by 2 insiders
Sales
$29.54M
6 sales by 3 insiders
50% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 39
- Award — granted as compensation
- 11
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Whitehead James | — | $28.10M | Aug 6, 2026 |
| DeWalch D Mark | $1.48M | — | Jun 1, 2026 |
| Putman Luke Stevens | — | $1.29M | May 5, 2026 |
| Carter Thomas L Jr | $924.5K | — | May 13, 2026 |
| Longmaid Ashley J | — | $149.7K | May 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | Stuart Alexander D. Director | Award | 1,658 | $23.7K |
| Oct 2, 2026 | Randall William E. Director | Award | 1,571 | $22.5K |
| Oct 2, 2026 | DeWalch D Mark Director | Award | 1,309 | $18.7K |
| Oct 2, 2026 | Kyle Jerry V. Jr. Director | Award | 1,309 | $18.7K |
| Oct 2, 2026 | Hamman Anne Lenoir Director | Award | 1,309 | $18.7K |
| Aug 18, 2026 | Stuart Alexander D. Director | Gift | 15,900 | $0 |
| Aug 6, 2026 | Whitehead James Director | Sale | 1,628,762 | $21.52M |
| Aug 6, 2026 | Whitehead James Director | Sale | 498,343 | $6.58M |
| Jul 31, 2026 | Kyle Jerry V. Jr. Director | Other | 7,665 | — |
| Jul 2, 2026 | Stuart Alexander D. Director | Award | 1,700 | $23.7K |
| Jul 2, 2026 | DeWalch D Mark Director | Award | 1,342 | $18.7K |
| Jul 2, 2026 | Randall William E. Director | Award | 1,610 | $22.5K |
| Jul 2, 2026 | Kyle Jerry V. Jr. Director | Award | 1,342 | $18.7K |
| Jul 2, 2026 | Hamman Anne Lenoir Director | Award | 1,342 | $18.7K |
| Jun 1, 2026 | DeWalch D Mark Director | Purchase | 36,363 | $495.3K |
| May 29, 2026 | DeWalch D Mark Director | Purchase | 36,363 | $490.0K |
| May 28, 2026 | DeWalch D Mark Director | Purchase | 37,650 | $497.3K |
| May 13, 2026 | Carter Thomas L Jr Executive Chairman | Purchase | 1,120 | $15.1K |
| May 12, 2026 | Longmaid Ashley J Director | Sale | 11,128 | $149.7K |
| May 12, 2026 | Carter Thomas L Jr Executive Chairman | Purchase | 19,154 | $258.1K |
| May 11, 2026 | Carter Thomas L Jr Executive Chairman | Purchase | 25,000 | $336.9K |
| May 8, 2026 | Carter Thomas L Jr Executive Chairman | Purchase | 23,604 | $314.4K |
| May 5, 2026 | Putman Luke Stevens SVP, General Counsel, and Sec | Sale 10b5-1 plan | 29,386 | $404.0K |
| Apr 6, 2026 | Putman Luke Stevens SVP, General Counsel, and Sec | Sale 10b5-1 plan | 29,386 | $424.7K |
| Apr 2, 2026 | Hamman Anne Lenoir Director | Award | 473 | $7.2K |
| Apr 2, 2026 | Randall William E. Director | Award | 1,488 | $22.5K |
| Apr 2, 2026 | Stuart Alexander D. Director | Award | 1,570 | $23.7K |
| Apr 2, 2026 | DeWalch D Mark Director | Award | 1,240 | $18.7K |
| Apr 2, 2026 | Kyle Jerry V. Jr. Director | Award | 1,240 | $18.7K |
| Mar 11, 2026 | Hamman Anne Lenoir Director | Award | 6,613 | $0 |
| Mar 5, 2026 | Putman Luke Stevens SVP, General Counsel, and Sec | Sale 10b5-1 plan | 30,276 | $461.6K |
| Feb 24, 2026 | DeWalch Taylor Co-CEO and President | Award | 1,958 | $0 |
| Feb 24, 2026 | Putman Luke Stevens SVP, General Counsel, and Sec | Tax withheld | 25,302 | $385.3K |
| Feb 24, 2026 | Putman Luke Stevens SVP, General Counsel, and Sec | Award | 68,853 | $0 |
| Feb 24, 2026 | Carter Thomas L Jr Executive Chairman | Tax withheld | 53,641 | $817.0K |
| Feb 24, 2026 | Bonner Chris SVP, CFO, and Treasurer | Award | 1,447 | $0 |
| Feb 24, 2026 | DeWalch Taylor Co-CEO and President | Tax withheld | 478 | $7.3K |
| Feb 24, 2026 | Carter Fowler Co-CEO and President | Tax withheld | 325 | $4.9K |
| Feb 24, 2026 | Carter Thomas L Jr Executive Chairman | Award | 136,315 | $0 |
| Feb 24, 2026 | Carter Fowler Co-CEO and President | Award | 1,330 | $0 |
| Feb 24, 2026 | Bonner Chris SVP, CFO, and Treasurer | Tax withheld | 430 | $6.5K |
| Feb 4, 2026 | Carter Thomas L Jr Executive Chairman | Award | 53,404 | $0 |
| Feb 4, 2026 | Putman Luke Stevens SVP, General Counsel, and Sec | Award | 65,420 | $0 |
| Feb 4, 2026 | Phillips Erin Leah Controller (PAO) | Award | 2,002 | $0 |
| Feb 4, 2026 | Carter Fowler Co-CEO and President | Award | 80,106 | $0 |
| Feb 4, 2026 | Bonner Chris SVP, CFO, and Treasurer | Award | 42,723 | $0 |
| Feb 4, 2026 | DeWalch Taylor Co-CEO and President | Award | 80,106 | $0 |
| Jan 13, 2026 | Whitehead James Director | Award | 14,255 | $0 |
| Jan 13, 2026 | Randall William E. Director | Award | 14,255 | $0 |
| Jan 13, 2026 | Stuart Alexander D. Director | Award | 14,255 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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