The Tip Desk

Black Stone Minerals, L.P.

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$469.9$433.7$592.2$663.6$359.3
Operating income$308.4$273.1$423.6$482.5$187.3
Net income$299.9$271.3$422.5$476.5$182.0
Cash Flow Statement
Free cash flow$309.9$387.6$520.8$424.5$256.5
Share repurchases—$4.4$5.5$3.0$2.0

Shares outstanding 212.7M · Free float 76.2%

Annual filing data through FY ended December 31, 2025; float as of September 11, 2026.

Earnings

Other Coverage