OakChart

Black Stone Minerals LP

BSMEnergy·Oil & Gas E&P·USA·Mid·NYSE·Nov 11 • 1:04 PM ET

13.90+0.23 (1.65%)
2026-11-11 19:04 CET
Market cap
2,909.82 USD m
Revenue, TTM
471.09 USD m
Net income, TTM
214.76 USD m
Free cash flow, TTM
319.42 USD m
EPS diluted, TTM
1.01
P/E
13.75
Compare

Price

BSM against its 20, 50 and 200-day averages
2050200beatmiss
13.0014.0015.00896K1.8MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26BSMclose 13.9020-day 14.5850-day 14.67200-day 14.4913.9052w low

10.3% under the 52-week high of 15.49 on 17 Mar 2026. 52-week low 12.95 on 8 May 2026. Last 15 sessions, 11.6% high to low

Profile

BSM
52-week range, 37% of the way up
12.9515.49

Black Stone Minerals LP is an exploration company, which engages in the exploration of oil and natural gas minerals. It focuses on the operation of Louisiana-Mississippi Salt Basins, Western Gulf, Permian Basin, Palo Duro Basin, East Texas Basin, Anadarko Basin, Appalachian Basin, Arkoma Basin, Bend Arch-Fort Worth, and Southwestern Wyoming. The company was founded in 1876 and is headquartered in Houston, TX.

Employees129
IPOMay 01, 2015
Beta0.10
ATR, 14d0.30
Rel volume0.52
Short float1.95%
Insider own20.88%
Inst own18.15%

Snapshot

6 groups

Valuation

Index-
Market Cap2.96B
Enterprise Value3.45B
Income214.76M
Sales471.09M
Book/sh3.72
Cash/sh0.03
Dividend Est.1.30 (9.36%)
Dividend TTM1.27 (9.14%)
Dividend Ex-DateNov 06, 2026
Dividend Gr. 3/5Y-4.29% 14.70%
Payout105.68%
Employees129
IPOMay 01, 2015

Ratios

P/E13.75
Forward P/E12.08
PEG3.99
P/S6.28
P/B3.73
P/C538.75
P/FCF9.26
EV/EBITDA10.09
EV/Sales7.32
Quick Ratio1.78
Current Ratio1.78
Debt/Eq0.18
LT Debt/Eq0.18
Option/ShortYes / Yes

Earnings

EPS (ttm)1.01
EPS next Y1.15
EPS next Q0.27
EPS this Y-21.35%
EPS next Y14.24%
EPS next 5Y3.03%
EPS past 3/5Y-14.30% 21.25%
Sales past 3/5Y-18.64% 7.32%
EPS Y/Y TTM-12.53%
Sales Y/Y TTM5.73%
EPS Q/Q-46.86%
Sales Q/Q23.48%
EarningsNov 02 AMC
EPS/Sales Surpr.-19.23% -14.33%

Ownership

Insider Own20.88%
Insider Trans-5.49%
Inst Own18.15%
Inst Trans1.56%
ROA18.47%
ROE22.02%
ROIC18.97%
Gross Margin77.60%
Oper. Margin64.13%
Profit Margin45.59%
SMA20-4.70%
SMA50-5.28%
SMA200-4.12%
Trades-

Technical

Shs Outstand212.71M
Shs Float168.41M
Short Float1.95%
Short Ratio7.44
Short Interest3.28M
52W High15.49 -10.30%
52W Low12.95 7.30%
Volatility2.89% 1.80%
ATR (14)0.30
RSI (14)35.18
Beta0.10
Rel Volume0.52
Avg Volume440.79K
Volume131,855

Performance

Perf Week-4.24%
Perf Month-6.93%
Perf Quarter-3.37%
Perf Half Y2.55%
Perf YTD4.55%
Perf Year1.79%
Perf 3Y-17.98%
Perf 5Y17.36%
Perf 10Y-20.50%
Recom2.50
Target Price16.50
Prev Close13.67
Price13.90
Change %1.65%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
May 29, 2026InitiatedRRBC Capital MktsSector Perform$16+15.1%
Oct 24, 2023DowngradeRRaymond JamesOutperform → Mkt Perform
Mar 07, 2023DowngradeKKeyBanc Capital MarketsOverweight → Sector Weight
Feb 06, 2023DowngradeRRaymond JamesStrong Buy → Outperform
Sep 20, 2022InitiatedKKeyBanc Capital MarketsOverweight$22+58.3%
Jan 26, 2022ResumedPPiper SandlerNeutral$11-20.8%
Sep 03, 2021UpgradeWWells FargoEqual Weight → Overweight$11 → $13-6.4%
Oct 21, 2020UpgradeRRaymond JamesOutperform → Strong Buy
Feb 25, 2020DowngradeRRBC Capital MktsOutperform → Sector Perform$17 → $12-13.6%
Feb 21, 2020DowngradePPiper SandlerOverweight → Neutral$18 → $13-6.4%

Peers

Mkt cap
TickerCompanyMkt cap
KRPKimbell Royalty Partners LP2.18B
DMLPDorchester Minerals LP1.40B
TPLTexas Pacific Land Corp19.29B
VNOMViper Energy Inc14.83B
LBLandBridge Corp5.54B
WHKWhiteHawk Minerals Corp772.65M
SBRSabine Royalty Trust940.73M
NRPNatural Resource Partners LP1.62B
PBTPermian Basin Royalty Trust1.44B
SJTSan Juan Basin Royalty Trust206.01M

Insider trading

latest 14 of 22
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Carter Thomas L JrExecutive ChairmanNov 09 '26Buy13.7350,000686,2903,732,724Nov 10 05:16 PM
Whitehead JamesDirectorNov 09 '26Sale13.42671,2109,008,1080Nov 10 05:15 PM
R. LACY SERVICES, LTD. RET. PLDirectorNov 09 '26Proposed Sale13.4225,152337,557Nov 09 04:26 PM
LACY PROPERTIES, LTD.DirectorNov 09 '26Proposed Sale13.42646,0588,670,551Nov 09 04:25 PM
Whitehead JamesDirectorAug 06 '26Sale13.212,127,10528,099,0570Aug 10 04:48 PM
EAGLE GATHERING SYSTEMDirectorAug 06 '26Proposed Sale13.21498,3436,583,111Aug 06 04:22 PM
LACY PROPERTIES, LTD.DirectorAug 06 '26Proposed Sale13.211,628,76221,515,946Aug 06 04:21 PM
DeWalch D MarkDirectorJun 01 '26Buy13.6236,363495,326631,248Jun 02 04:32 PM
DeWalch D MarkDirectorMay 29 '26Buy13.4836,363490,028594,885Jun 02 04:32 PM
DeWalch D MarkDirectorMay 28 '26Buy13.2137,650497,341431,495May 28 05:09 PM
Carter Thomas L JrExecutive ChairmanMay 13 '26Buy13.501,12015,1203,682,724May 14 05:02 PM
Longmaid Ashley JDirectorMay 12 '26Sale13.4511,128149,697137,335May 13 05:46 PM
Carter Thomas L JrExecutive ChairmanMay 11 '26Buy13.4725,000336,8553,662,450May 12 05:02 PM
Carter Thomas L JrExecutive ChairmanMay 08 '26Buy13.3223,604314,3723,637,450May 12 05:02 PM

Held by

AUM
TickerCompanyAUM
COPYTweedy, Browne Insider + Value ETFAUM: 444.99M
CVYInvesco Zacks Multi-Asset Income ETFAUM: 119.10M
NEWZStockSnips AI-Powered Sentiment US All Cap ETFAUM: 21.22M

News

latest 14 of 206
  • Black Stone Minerals Edges Past EPS Consensus As Hedge Losses Hide Record Cash Flow And A Much Larger Caturus Runway (Earnings Whispers)
  • Black Stone Minerals: Q3 Earnings Snapshot (Associated Press)
  • Black Stone Minerals, L.P. Reports Third Quarter Results (Business Wire)
  • Black Stone Minerals Must Show Its Shelby Trough Rig Surge Is Reaching Gas Volumes (Earnings Whispers)
  • Black Stone Minerals, L.P. Announces Distribution Increase and Schedules Earnings Call to Discuss Third Quarter 2026 Results (Business Wire)
  • Loading…
  • Black Stone Minerals: Q2 Earnings Snapshot (Associated Press)
  • Black Stone Minerals, L.P. Reports Second Quarter Results (Business Wire)
  • Black Stone Minerals LP (BSM) Q2 2026 Earnings Report Preview: What To Look For (GuruFocus.com)
  • EnerCom Announces SM Energy as a Keynote Speaker at the 31st EnerCom Denver - The Energy Investment Conference, on August 19, 2026, in Denver, Colorado (PR Newswire)
  • What To Expect From Black Stone Minerals LP (BSM) Q2 2026 Earnings (GuruFocus.com)
  • EnerCom Releases Presenter Lineup for the 31st EnerCom Denver - The Energy Investment Conference, August 17-19, 2026, in Denver, Colorado (PR Newswire)
  • Black Stone Minerals, L.P. Announces Distribution Increase and Schedules Earnings Call to Discuss Second Quarter 2026 Results (Business Wire)
  • EnerCom Announces Liberty Energy as a Keynote Speaker at the 31st Annual EnerCom Denver- The Energy Investment Conference, August 17-19, 2026, in Denver, Colorado (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-020.2100.2600.21099.73116.413
2026Q22026-08-030.4700.2300.466148.97108.283
2026Q12026-05-040.0300.2100.028123.91107.382
2025Q42026-02-230.3100.2630.306118.798.443
2025Q32025-11-030.4000.2770.398132.47101.643
2025Q22025-08-040.5300.2900.529159.49106.73
2025Q12025-05-05--0.04159.25--
2024Q42025-02-24--0.18083.73--
2024Q32024-11-04--0.405134.86--
2024Q22024-08-05--0.289109.62--
2024Q12024-05-06--0.269105.49--
2023Q42024-02-20--0.655190.84--
2023Q32023-10-30--0.271109.8--
2023Q22023-07-31--0.348117--
2023Q12023-05-01--0.574174.58--
2022Q42023-02-21--0.792230.38--

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY0.7900.9030.790429.66432.38
2018FY1.4500.8911.262609.57517.3
2019FY1.0101.1330.938487.82512.69
2020FY0.4900.5540.488342.75349.22
2021FY0.7700.3470.773359.26314.37
2022FY2.1201.5922.029663.6564.1
2023FY1.8801.7101.877592.22528.18
2024FY1.1501.3451.147439.43458.75
2025FY1.2801.2271.280469.92433.37
2026FY-1.007--479.87
2027FY-1.150--507.31
2028FY-1.400--551

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-03440125.03104.83139.3
2026Q4S2026-11-02440124.66104.83137.8
2026Q4S2026-10-27440124.66104.83137.8
2026Q4S2026-10-15430124.21103.04137.8
2026Q4S2026-10-14430123.71103.04135.8
2026Q4S2026-10-13430120.21103.04135.8
2026Q4S2026-09-11430119.46103.04135.8
2026Q4S2026-08-21430117.96103.04129.8
2026Q4S2026-08-20421117.21103.04129.8
2026Q4S2026-08-19422116.97102.06129.8
2026Q4S2026-08-04413114.52102.06127
2026Q4S2026-07-20413114.52102.06127
2026Q4S2026-07-15413114.82103.29127
2026Q4S2026-07-13413115.07103.29127

Estimate history

EPS, annual0.791.2620.9380.4880.7732.0291.8771.1471.2771.0108
Period201720182019202020212022202320242025TTM
EPS, quarterly0.4050.180.0410.5290.3980.3060.0280.4660.212
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual402.757594.737492.776296.64505.734784.284501.099439.429422.328471.09
Period201720182019202020212022202320242025TTM
Sales, quarterly103.181124.8623.251212.278105.18395.182123.909122.122129.879
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual198.844204.692205.96206.749208.666209.407209.991210.695211.873212.711
Period201720182019202020212022202320242025MRQ
Shares, quarterly210.688210.695211.63211.842211.854211.873212.493212.703212.711
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue471.09422.33439.43501.10784.28505.73296.64492.78594.74
Cost of Goods Sold Incl. D&A105.53106.06108.51117.24127.47126.04140.67189.30214.48
Gross Profit365.56316.27330.92383.86656.81379.69155.97303.48380.26
Selling, General and Administrative Excl. Other63.4655.4652.0851.4553.6548.4538.1863.2576.51
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income302.11260.81278.84332.41603.16331.25117.78240.23303.75
Interest Expense13.958.933.112.756.295.6410.4121.4320.76
Unusual Expense44.33-47.595.73-91.12120.68146.779.725.05-14.63
Net Income Before Taxes244.22299.93271.33422.55476.48181.99121.82214.37295.56
Income Taxes0.000.000.000.000.000.000.000.000.00
Consolidated Net Income244.22299.93271.33422.55476.48181.99121.82214.37295.56
Net Income From Continuing Operations244.22299.93271.33422.55476.48181.99121.82214.37295.54
Net Income214.76270.47241.86400.77455.48160.99100.82193.37274.51
EPS (Recurring)1.161.121.171.592.411.270.520.961.21
EPS (Basic, Before Extraordinaries)1.011.281.151.912.180.770.490.941.36
EPS (Diluted)1.011.281.151.882.030.770.490.941.26
EBITDA341.63299.07325.33379.13651.83393.34200.93350.93427.50
Non-Operating Income (Expense)0.400.471.331.780.283.1524.160.63-2.06
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense13.629.628.5610.8317.3912.223.7320.4830.13
Price To Earnings Ratio13.5213.529.038.049.3314.1613.6413.9411.91
Price To Sales Ratio6.476.667.007.174.834.254.665.325.66
Gross Margin77.6074.8975.3176.6083.7575.0852.5861.5963.94
Operating Margin64.1361.7563.4566.3476.9165.5039.7148.7551.07
Net Margin45.5964.0455.0479.9858.0831.8333.9939.2446.16
Shares Outstanding212.71211.87210.69209.99209.41208.67206.75205.96204.69
Market Capitalization2,909.822,909.823,076.153,351.463,532.702,155.521,374.662,607.633,155.47

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue129.88122.12123.9195.18105.18212.283.25124.86
Cost of Goods Sold Incl. D&A27.0422.8325.8929.7726.0823.2926.9224.41
Gross Profit102.8499.3098.0265.4179.10188.99-23.67100.45
Selling, General and Administrative Excl. Other16.4716.0816.8314.0812.2913.9215.1711.80
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income86.3783.2281.1951.3366.81175.06-38.8488.66
Interest Expense3.943.823.362.842.432.271.401.13
Unusual Expense30.15-26.8564.55-23.52-27.2952.78-56.0020.57
Net Income Before Taxes52.37106.3613.2772.2391.73120.0315.9546.35
Income Taxes0.000.000.000.000.000.000.000.00
Consolidated Net Income52.37106.3613.2772.2391.73120.0315.9546.35
Net Income From Continuing Operations52.37106.3613.2772.2391.73120.0315.9546.35
Net Income45.0098.995.9164.8684.36112.668.5838.98
EPS (Recurring)0.310.380.240.230.310.69-0.140.25
EPS (Basic, Before Extraordinaries)0.210.470.030.310.400.530.040.18
EPS (Diluted)0.210.470.030.310.400.530.040.18
EBITDA96.8993.0291.3660.3677.06184.59-29.3899.94
Non-Operating Income (Expense)0.090.10-0.000.210.060.020.18-20.61
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense3.052.485.692.401.761.695.921.80
Price To Earnings Ratio13.5211.0811.8711.5711.3814.2913.369.03
Price To Sales Ratio6.476.655.986.786.256.699.317.05
Gross Margin79.1881.3179.1068.7275.2089.03-728.0280.45
Operating Margin66.5068.1465.5253.9363.5282.47-1,194.7171.00
Net Margin34.6581.064.7768.1480.2153.07263.9831.22
Shares Outstanding212.71212.70212.49211.87211.85211.84211.63210.69
Market Capitalization2,909.822,968.613,210.492,815.652,783.752,768.203,224.083,076.15

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1.482.5270.284.318.881.808.125.415.64
Short Term Receivables65.5771.0982.25135.7097.1461.9178.21113.1580.69
Inventories0.000.000.000.000.000.000.000.000.00
Other Current Assets28.594.9340.5933.381.962.8215.9638.971.31
Total Current Assets95.6478.54193.13173.38107.9766.52102.29157.5387.64
Net Property, Plant & Equipment1,225.131,134.041,065.501,088.251,133.341,172.141,434.231,575.881,481.33
Total Investments and Advances4.130.000.370.730.000.000.6110.070.36
Other Assets10.656.327.888.736.615.328.086.647.12
Total Assets1,335.551,218.911,266.881,271.081,247.921,243.981,545.211,750.121,576.45
Short Term Debt Incl. Current Port. of LT Debt0.000.000.000.000.000.000.000.000.00
Accounts Payable2.825.956.276.775.943.415.314.152.46
Other Current Liabilities21.8024.4819.5723.9671.2036.5424.4960.6257.27
Total Current Liabilities24.6230.4225.8430.7377.1439.9529.8064.7759.73
Long Term Debt154.0025.000.0010.0089.00121.00394.00410.00388.00
Provision for Risks Charges22.7219.2919.0315.0312.5617.3815.6514.9514.09
Other Liabilities5.7614.764.675.515.596.698.9557.7924.08
Total Liabilities207.1089.4749.5461.27184.29185.01448.40547.50485.91
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value300.48300.48299.14298.36298.36298.36298.36298.36322.42
Common Equity827.98828.96918.21911.45765.27760.61798.44904.26767.25
Total Shareholders Equity1,128.461,129.441,217.351,209.811,063.631,058.971,096.801,202.621,089.68
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.87
Total Equity1,128.461,129.441,217.351,209.811,063.631,058.971,096.801,202.621,090.54
Total Liabilities & Stockholders Equity1,335.551,218.911,266.881,271.081,247.921,243.981,545.211,750.121,576.45
Book Value Per Share3.913.934.374.353.673.683.884.423.86
Tangible Book Value Per Share3.913.934.374.353.673.683.884.423.86
Full-Time Employees129123126108108101115116113
Price to Book Ratio3.673.543.834.292.821.813.273.494.49
Return on Assets23.4821.8333.3037.8314.618.7413.0117.7711.62
Return on Equity26.5723.1234.8241.9217.1511.3018.6525.7917.33
Return on Invested Capital23.3923.5034.7139.0615.7910.3214.3818.3310.64
Quick Ratio3.882.587.485.641.401.673.432.431.47
Current Ratio3.882.587.485.641.401.673.432.431.47

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income244.22299.93271.33422.55476.48181.99121.82214.37295.56
Depreciation39.5238.2646.4946.7348.6662.0983.15110.70123.76
Other Funds (Non Cash)39.99-25.9060.593.40-63.1645.5267.0054.34-13.96
Funds from Operations323.74312.30378.41472.68461.98289.60271.96379.41405.35
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-0.74-2.1310.6448.58-37.00-32.729.8533.31-19.98
Cash from Operating Activities323.00310.17389.04521.25424.98256.88281.81412.72385.38
Capital Expenditures-3.58-0.30-1.43-0.45-0.49-0.43-0.02-2.49-0.02
Net Assets From Acquisitions-126.72-118.81-113.61-19.36-12.07-14.21-4.79-108.81-299.02
Sale of Fixed Assets and Businesses0.560.832.790.0711.350.32156.0662.68133.53
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-129.75-118.27-112.24-19.74-1.22-14.32151.25-48.62-165.51
Cash Dividends Paid-288.54-315.12-365.06-419.82-343.40-197.92-161.34-328.42-268.49
Change in Capital Stock-2.36-3.78-4.45-5.50-2.99-1.96-5.04-16.9727.84
Repurchase of Common Pref Stock-2.36-3.78-4.45-5.50-2.99-1.96-5.04-16.93-12.69
Sale of Common Pref Stock0.000.000.000.000.000.000.00-0.0440.54
Proceedsfrom Stock Options0.000.000.000.000.000.000.00-0.0440.54
Issuance or Reduction of Debt, Net100.00129.0025.00-10.00-79.00-32.00-273.00-16.0022.00
Change in Long Term Debt100.00129.0025.00-10.00-79.00-32.00-273.00-16.0022.00
Issuance of Long Term Debt371.00373.0097.0064.00339.00212.00160.00334.50373.50
Reduction of Long Term Debt-271.00-244.00-72.00-74.00-418.00-244.00-433.00-350.50-351.50
Net Financing Active Other Cash Flow-3.04-3.04-0.06-0.22-2.94-3.600.000.00-1.45
Other Financing Activities Uses-3.04-3.04-0.06-0.22-2.94-3.600.000.00-1.45
Cash from Financing Activities-193.93-192.93-344.57-435.54-428.34-235.48-439.38-361.39-220.10
Net Change in Cash-0.68-1.04-67.7665.97-4.577.08-6.322.71-0.23
Free Cash Flow319.42309.87387.62520.80424.50256.45281.79410.23385.36
Preferred Dividends (Cash Flow)--29.47-28.13-21.00-21.00-21.00-21.00-21.00-18.36
Price to Free Cash Flow98.64-136.4035.5846.6936.7611.4732.0528.82
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments5.491.6711.611.486.172.52
Short Term Receivables71.6571.0675.3565.5764.3780.03
Inventories0.000.000.000.000.000.00
Other Current Assets13.4916.278.7328.5914.6410.84
Total Current Assets90.6389.0195.6995.6485.1793.39
Net Property, Plant & Equipment1,273.431,261.441,227.291,225.131,176.611,165.79
Total Investments and Advances0.825.355.054.130.600.37
Other Assets9.8310.1110.3810.658.008.34
Total Assets1,374.711,365.911,338.421,335.551,270.381,267.89
Short Term Debt Incl. Current Port. of LT Debt0.000.000.000.000.000.00
Accounts Payable4.304.132.762.822.636.88
Other Current Liabilities46.7119.5638.2221.8016.8722.10
Total Current Liabilities51.0123.6940.9824.6219.5028.98
Long Term Debt195.00196.00187.00154.0095.0099.00
Provision for Risks Charges23.6123.3122.9322.7219.9519.73
Other Liabilities12.379.4413.825.7610.7217.56
Total Liabilities281.99252.44264.73207.10145.17165.27
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value300.48300.48300.48300.48300.48300.48
Common Equity792.24812.99773.20827.98824.74802.14
Total Shareholders Equity1,092.711,113.471,073.681,128.461,125.211,102.62
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity1,092.711,113.471,073.681,128.461,125.211,102.62
Total Liabilities & Stockholders Equity1,374.711,365.911,338.421,335.551,270.381,267.89
Book Value Per Share3.723.823.643.913.893.79
Tangible Book Value Per Share3.723.823.643.913.893.79
Full-Time Employees---129--
Price to Book Ratio3.673.843.873.413.473.62
Return on Assets18.4721.5323.0723.4822.0722.14
Return on Equity22.0225.5927.8026.5723.9024.31
Return on Invested Capital4.078.121.055.637.529.99
Quick Ratio1.783.762.343.884.373.22
Current Ratio1.783.762.343.884.373.22

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income52.37106.3613.2772.2391.73120.03
Depreciation10.529.7910.179.0310.249.52
Other Funds (Non Cash)33.08-32.8856.12-16.33-17.89-47.40
Funds from Operations95.9783.2879.5664.9384.0982.15
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital6.419.69-17.000.1715.67-1.67
Cash from Operating Activities102.3892.9762.5665.1099.7680.48
Capital Expenditures-3.09-0.20-0.15-0.14-0.01-0.11
Net Assets From Acquisitions-18.99-40.58-11.96-55.18-20.69-29.51
Sale of Fixed Assets and Businesses0.000.000.120.430.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-22.08-40.79-11.99-54.88-20.70-29.62
Cash Dividends Paid-75.43-71.12-71.07-70.92-70.92-86.73
Preferred Dividends (Cash Flow)-7.37-7.37-7.37-7.37-7.37-7.37
Change in Capital Stock0.000.00-2.33-0.02-0.470.00
Repurchase of Common Pref Stock0.000.00-2.33-0.02-0.470.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1.009.0033.0059.00-4.0036.00
Change in Long Term Debt-1.009.0033.0059.00-4.0036.00
Issuance of Long Term Debt70.0097.0082.00122.0072.0098.00
Reduction of Long Term Debt-71.00-88.00-49.00-63.00-76.00-62.00
Net Financing Active Other Cash Flow-0.040.00-0.04-2.96-0.01-0.03
Other Financing Activities Uses-0.040.00-0.04-2.96-0.01-0.03
Cash from Financing Activities-76.47-62.12-40.44-14.91-75.40-50.76
Net Change in Cash3.82-9.9410.13-4.693.650.10
Free Cash Flow99.2892.7662.4164.9699.7580.37
Price to Free Cash Flow98.6482.84409.36-666.28-

Revenue breakdown

Crude Oil, Condensate, and Natural Gas Liquids (NGL)2024: 269.06M 2025: 209.36M
Natural Gas2024: 157.91M 2025: 191.62M
Real Estate2024: 12.46M 2025: 21.35M
United States2024: 439.43M 2025: 422.33M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.95%3.3M168.4M413.81K
2026-10-151.84%3.1M168.3M380.75K
2026-09-301.66%2.8M168.3M374.69K
2026-09-151.54%2.6M168.3M369.33K
2026-08-311.67%2.8M168.3M370.30K
2026-08-141.84%3.2M172.8M374.29K
2026-07-312.34%4.0M171.3M355.37K
2026-07-152.45%4.2M171.1M354.56K
2026-06-302.51%4.3M171.1M389.01K
2026-06-152.49%4.2M170.1M409.19K
2026-05-292.38%4.0M170.1M434.94K
2026-05-152.34%4.0M169.6M455.63K
2026-04-302.18%3.7M170.7M435.86K
2026-04-152.20%3.7M170.7M448.73K
2026-03-312.26%3.9M170.7M416.93K
2026-03-132.19%3.7M170.7M426.99K
2026-02-272.05%3.5M170.7M404.55K
2026-02-132.03%3.5M170.3M391.09K
2026-01-301.98%3.4M171.5M447.50K
2026-01-151.95%3.3M171.5M435.21K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.5010.2012.6011.0014.6680.000.000.989-0.0130.001
call5.008.109.609.006.7071.000.000.982-0.0130.001
call7.505.607.106.304.4350.000.000.973-0.0130.001
call10.003.304.504.422.6730.000.000.957-0.0110.002
call12.501.001.751.751.0990.000.000.904-0.0090.004
call15.000.000.050.010.4094590.000.148-0.0130.005
call17.500.000.050.000.9270.000.000.059-0.0120.003
call20.000.000.750.001.3000.000.000.046-0.0150.002
call22.500.000.750.001.6210.000.000.038-0.0160.002
call25.000.000.250.001.9080.000.000.034-0.0170.002
call30.000.000.050.002.3520.000.000.029-0.0180.001
put2.500.000.750.005.6740.000.00-0.009-0.0160.001
put5.000.000.750.003.4480.000.00-0.015-0.0160.001
put7.500.000.750.002.1900.000.00-0.024-0.0150.001
put10.000.000.100.001.3750.000.00-0.067-0.0210.003
put12.500.000.050.001.8320.000.00-0.327-0.0750.008
put15.000.801.551.130.9690.000.00-0.850-0.0150.005
put17.503.104.300.002.0670.000.00-0.936-0.0150.003
put20.005.406.900.002.7750.000.00-0.952-0.0160.002
put22.507.909.400.003.2390.000.00-0.959-0.0170.002
put25.0010.1012.400.004.3320.000.00-0.964-0.0180.002
put30.0015.0017.400.004.9710.000.00-0.969-0.0190.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-104Statement of changes in beneficial ownership of securities2026-11-09SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-09SEC
2026-11-09144Filing for proposed sale of securities under Rule 144.SEC
2026-11-09144Filing for proposed sale of securities under Rule 144.SEC
2026-11-0310-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-038-KCurrent report2026-11-02SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-18SEC
2026-08-104Statement of changes in beneficial ownership of securities2026-08-06SEC
2026-08-06144Filing for proposed sale of securities under Rule 144.SEC
2026-08-06144Filing for proposed sale of securities under Rule 144.SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-07-31SEC
2026-08-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-048-KCurrent report2026-08-03SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-02SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-02SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-02SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-02SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-02SEC
2026-06-168-KCurrent report2026-06-11SEC
2026-06-024Statement of changes in beneficial ownership of securities2026-05-29SEC
2026-05-284Statement of changes in beneficial ownership of securities2026-05-28SEC
2026-05-144Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-134Statement of changes in beneficial ownership of securities2026-05-12SEC
2026-05-12144Filing for proposed sale of securities under Rule 144.SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-11686.29K19.01M1
2026-100000
2026-090000
2026-080028.10M1
2026-070000
2026-06495.33K100
2026-051.91M6553.70K2
2026-0400424.68K1
2026-0300461.58K1
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
MORGAN STANLEY4.19%
William Marsh Rice University2.66%
FMR LLC2.36%
BANK OF AMERICA CORP /DE/0.98%
PENN DAVIS MCFARLAND INC0.91%
NATIXIS0.67%
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV0.58%
AMERIPRISE FINANCIAL INC0.56%
Long Corridor Asset Management Ltd0.41%
BROWN ADVISORY INC0.41%

Funds

Fund% owned
Multi-Asset Diversified Income Index Fund0.14%
GraniteShares HIPS U.S. High Income ETF0.10%
Concorde Wealth Management Fund0.05%
Tweedy, Browne Insider + Value ETF0.04%
LoCorr Spectrum Income Fund0.03%
SPIRIT OF AMERICA ENERGY FUND0.02%
First Eagle Global Real Assets Fund0.01%
Amplify Energy & Natural Resources Covered Call ETF0.01%
Arrow Dow Jones Global Yield ETF0.01%
Virtus AlphaSimplex Global Alternatives Fund0.00%

OakChart. BSM. Cached 15 minutes.