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Upturn AI SWOT - About
BSM 
Black Stone Minerals LP (BSM)
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Upturn Advisory Summary
04/01/2025: BSM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 8.02% | Avg. Invested days 52 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.23B USD | Price to earnings Ratio 13.31 | 1Y Target Price 16 |
Price to earnings Ratio 13.31 | 1Y Target Price 16 | ||
Volume (30-day avg) 454615 | Beta 0.89 | 52 Weeks Range 12.93 - 15.52 | Updated Date 04/2/2025 |
52 Weeks Range 12.93 - 15.52 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 9.80% | Basic EPS (TTM) 1.15 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 63.55% | Operating Margin (TTM) 46.45% |
Management Effectiveness
Return on Assets (TTM) 13.73% | Return on Equity (TTM) 23.12% |
Valuation
Trailing PE 13.31 | Forward PE 7.17 | Enterprise Value 3255000962 | Price to Sales(TTM) 7.57 |
Enterprise Value 3255000962 | Price to Sales(TTM) 7.57 | ||
Enterprise Value to Revenue 7.41 | Enterprise Value to EBITDA 10.18 | Shares Outstanding 211138000 | Shares Floating 158779860 |
Shares Outstanding 211138000 | Shares Floating 158779860 | ||
Percent Insiders 21.57 | Percent Institutions 13.8 |
Analyst Ratings
Rating 3 | Target Price 14 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Black Stone Minerals LP
Company Overview
History and Background
Black Stone Minerals LP (BSM) was founded in 1998. It is one of the largest owners of oil and natural gas mineral interests in the United States. Initially focused on acquiring and managing mineral interests in the Ark-La-Tex region, BSM has expanded its holdings nationally through strategic acquisitions and organic leasing.
Core Business Areas
- Mineral and Royalty Interests: Owns mineral interests across various basins in the U.S., receiving royalty income from oil and gas production on those lands.
- Working Interests: Participates directly in the drilling and production of oil and gas wells, sharing in the costs and revenues.
Leadership and Structure
Thomas L. Carter, Jr. is the Chairman and Chief Executive Officer. The company operates as a master limited partnership (MLP), with a general partner managing the operations.
Top Products and Market Share
Key Offerings
- Mineral and Royalty Interests: BSM derives revenue from royalty payments based on oil and gas production on its mineral acreage. Market share data for pure-play mineral interest companies is fragmented and difficult to precisely quantify due to the diverse nature of oil and gas operators and royalty structures. Competitors include Viper Energy Partners (VNOM) and Brigham Minerals (MNRL).
- Working Interests: BSM participates in the direct operation of wells, generating revenue from the sale of produced oil and gas. Market share is influenced by specific basin activity and operational efficiency. Competitors in this segment are numerous and vary by basin.
Market Dynamics
Industry Overview
The oil and gas mineral and royalty interest industry is affected by commodity prices, drilling activity, regulatory changes, and technological advancements in extraction. Demand for energy drives exploration and production, directly impacting royalty revenues.
Positioning
BSM is a prominent player in the mineral and royalty interest space, with a large and diversified portfolio. Its size and scale provide a competitive advantage in acquiring new mineral interests and negotiating favorable terms. They are positioned well to grow as long as the drilling environment is stable.
Total Addressable Market (TAM)
The TAM is dependent on oil and gas prices, but some estimates range from $100B- $200B. Black Stone Minerals LP is positioned well within the market, based on the size of their royalty portfolio.
Upturn SWOT Analysis
Strengths
- Large and diversified mineral interest portfolio
- Experienced management team
- Strong relationships with operators
- Geographic diversification across key U.S. basins
Weaknesses
- Dependence on commodity prices
- Exposure to operator drilling decisions
- Complex partnership structure
- Potential for environmental liabilities
Opportunities
- Acquisition of additional mineral interests
- Increased drilling activity on existing acreage
- Development of renewable energy opportunities on mineral lands
- Expansion into new basins
Threats
- Decline in commodity prices
- Changes in government regulations
- Increased competition for mineral acquisitions
- Environmental concerns and litigation
Competitors and Market Share
Key Competitors
- VNOM
- MNRL
- KRP
- NOG
Competitive Landscape
BSM competes with other mineral interest companies, E&P companies, and private equity firms for acquisitions. Its size and diversified portfolio are advantages. Disadvantages might include a complex partnership structure compared to corporations.
Major Acquisitions
Nuevo Midstream Dos, LLC
- Year: 2018
- Acquisition Price (USD millions): 500
- Strategic Rationale: Increased exposure to Eagle Ford Shale.
Growth Trajectory and Initiatives
Historical Growth: BSM's historical growth has been driven by acquisitions of mineral interests and organic development on existing acreage. Past performance can be reviewed in investor presentations and annual reports.
Future Projections: Future growth is dependent on commodity prices, drilling activity, and acquisition opportunities. Analyst estimates vary based on market conditions.
Recent Initiatives: Recent initiatives often include strategic acquisitions of mineral interests and partnerships with operators to develop acreage.
Summary
Black Stone Minerals LP is a key player in the oil and gas royalty business. The company's diversified asset base and active management provide a steady cash flow, however, performance is susceptible to fluctuations in commodity prices and drilling activity. Strategic acquisitions could strengthen its market position, but it also faces environmental and regulatory risks. Its partnership structure can be both beneficial and a burden depending on the market.
Similar Companies
KRP
Kimbell Royalty Partners LP
KRP
Kimbell Royalty Partners LP
NOG
Northern Oil & Gas Inc
NOG
Northern Oil & Gas Inc
OXY
Occidental Petroleum Corporation
OXY
Occidental Petroleum Corporation
VNOM
Viper Energy Ut
VNOM
Viper Energy Ut
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Investor presentations
- Analyst reports
- Industry publications
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Investment decisions should be made after consulting with a qualified financial advisor. Market share figures are estimated and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Black Stone Minerals LP
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2015-05-01 | President, CEO & Chairman of the Board of Black Stone Minerals GP L.L.C Mr. Thomas L. Carter Jr. | ||
Sector Energy | Industry Oil & Gas E&P | Full time employees - | |
Full time employees - | |||
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.
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