# Black Stone Minerals (BSM) — Earnings

BSM · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/bsm/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.47 |
| EPS estimate | $0.23 |
| EPS surprise | +104.35% |
| Revenue surprise | +37.58% |
| Revenue | $149.0M |
| Revenue estimate | $108.3M |
| Reported | Aug 4, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1621434/000162828026052686/bsm-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/c820c8e1-4fa6-01a1-eae1-522a6355dcf3.html) |

Black Stone Minerals reported Q2 2026 results on August 4, 2026. Earnings per share were $0.47, against a $0.23 estimate, a 104.35% beat. Revenue of $149.0 million beat the $108.3 million consensus by about 38%. Compared with Q2 2025, EPS fell about 11% from $0.53 and revenue fell about 7% from $159.5 million.

Results swing widely from quarter to quarter. Q1 2026 earned just $0.03 per share, and Q1 2025 only $0.04 on revenue of $59.3 million. The only loss in the table was Q1 2022, at $0.06 per share. Annual EPS fell from $2.10 in 2022 to $1.87 in 2023 and $1.15 in 2024, then rose to $1.28 in 2025. The high in the table is Q4 2022, at $0.82 per share and $230.4 million in revenue. Black Stone beat the EPS estimate in 11 of the last 20 quarters, including three of the last four.

Q3 reports came between October 31 and November 5 in each of the past five years. That points to late October or early November 2026 for the next one. It will show how Q3 compares with $0.40 per share and $132.5 million in revenue a year earlier.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 4, 2026 | $0.23 | $0.47 | 104.35% | $108.3M | $149.0M |
| Q1 2026 | May 5, 2026 | $0.21 | $0.03 | -85.71% | $107.4M | $123.9M |
| Q4 2025 | Feb 24, 2026 | $0.26 | $0.31 | 17.74% | $98.4M | $118.7M |
| Q3 2025 | Nov 4, 2025 | $0.28 | $0.40 | 44.56% | $101.6M | $132.5M |
| Q2 2025 | Aug 5, 2025 | $0.29 | $0.53 | 82.76% | $106.7M | $159.5M |
| Q1 2025 | May 6, 2025 | $0.32 | $0.04 | -87.63% | $117.3M | $59.3M |
| Q4 2024 | Feb 25, 2025 | $0.37 | $0.18 | -50.91% | $110.8M | $104.3M |
| Q3 2024 | Nov 5, 2024 | $0.35 | $0.41 | 17.14% | $117.7M | $134.9M |
| Q2 2024 | Aug 6, 2024 | $0.36 | $0.29 | -18.70% | $119.6M | $109.6M |
| Q1 2024 | May 7, 2024 | $0.35 | $0.27 | -23.58% | $120.3M | $105.5M |
| Q4 2023 | Feb 20, 2024 | $0.49 | $0.65 | 31.77% | $137.6M | $190.8M |
| Q3 2023 | Oct 31, 2023 | $0.43 | $0.27 | -36.59% | $131.1M | $109.8M |
| Q2 2023 | Aug 1, 2023 | $0.38 | $0.35 | -8.85% | $117.3M | $117.0M |
| Q1 2023 | May 2, 2023 | $0.44 | $0.60 | 35.14% | $138.7M | $122.3M |
| Q4 2022 | Feb 22, 2023 | $0.41 | $0.82 | 101.97% | $136.2M | $230.4M |
| Q3 2022 | Nov 1, 2022 | $0.40 | $0.75 | 87.50% | $138.0M | $216.4M |
| Q2 2022 | Aug 2, 2022 | $0.38 | $0.59 | 57.33% | $135.7M | $180.4M |
| Q1 2022 | May 3, 2022 | $0.33 | −$0.06 | -118.37% | $123.4M | $36.4M |
| Q4 2021 | Feb 22, 2022 | $0.19 | $0.60 | 222.58% | $92.0M | $179.4M |
| Q3 2021 | Nov 2, 2021 | $0.15 | $0.05 | -65.78% | $84.7M | $59.8M |

## Frequently Asked Questions

### When did Black Stone Minerals (BSM) last report earnings?

Black Stone Minerals last reported on Aug 4, 2026, covering fiscal Q2 2026.

### Did BSM beat earnings estimates?

Yes. Black Stone Minerals reported EPS of $0.47 for Q2 2026 against a $0.23 estimate — a 104.35% beat.

### How much revenue did BSM report last quarter?

Black Stone Minerals reported $149.0M in revenue for Q2 2026, against a consensus estimate of $108.3M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).