Black Stone Minerals is a U.S. oil and gas mineral and royalty owner that collects production payments rather than operating wells. Its portfolio of mineral and royalty interests is concentrated in major onshore basins, giving exposure to upstream volumes and commodity prices with limited direct drilling and operating cost. The partnership model focuses on acquiring and managing non-operated interests across producing and undeveloped acreage.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 106.7 | — | 112.7 | — |
| Q3 2025 | 105.2 | — | 84.4 | — |
| Q4 2025 | 95.2 | — | 64.9 | — |
| Q1 2026 | 123.9 | — | 5.9 | — |
| Q2 2026 | 122.1 | 14.4% | 99 | -12.1% |
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