Black Stone Minerals, L.P annual free cash flow
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2024
2025
Black Stone Minerals, L.P Free Cash Flow (FCF) History (BSM)
Black Stone Minerals, L.P reported $309.5M in free cash flow for fiscal 2025, a decrease of 20.28% from the previous fiscal year, with a free cash flow margin of 73.29%.
View full Black Stone Minerals, L.P company overviewBlack Stone Minerals, L.P free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $309.5M | −$78.7M | −20.28% | +73.29% |
| 2024 | 2024-12-31 | $388.3M | −$128.8M | −24.91% | +88.35% |
| 2023 | 2023-12-31 | $517.0M | $103.9M | +25.16% | +103.18% |
| 2022 | 2022-12-31 | $413.1M | $160.3M | +63.40% | +52.67% |
| 2021 | 2021-12-31 | $252.8M | −$25.0M | −9.01% | +49.99% |
| 2020 | 2020-12-31 | $277.8M | −$70.1M | −20.15% | +93.66% |
| 2019 | 2019-12-31 | $347.9M | $129.5M | +59.31% | +70.61% |
| 2018 | 2018-12-31 | $218.4M | −$7.6M | −3.36% | +36.72% |
| 2017 | 2017-12-31 | $226.0M | $108.4M | +92.10% | +56.12% |
| 2016 | 2016-12-31 | $117.7M | −$112.8M | −48.96% | +39.57% |
| 2015 | 2015-12-31 | $230.5M | −$91.4M | −28.40% | +58.66% |
| 2014 | 2014-12-31 | $321.9M | $74.8M | +30.27% | +58.71% |
| 2013 | 2013-12-31 | $247.1M | — | — | +53.31% |
Black Stone Minerals, L.P quarterly free cash flow
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Q2.14
Q3.14
Q4.14
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Q2.15
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Q2.16
Q3.16
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Q2.17
Q3.17
Q4.17
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Q1.19
Q2.19
Q3.19
Q4.19
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Q2.20
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Q4.20
Q1.21
Q2.21
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Q2.22
Q3.22
Q4.22
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $92.8M | $12.5M | +15.59% | +75.99% |
| Q1 2026 | 2026-03-31 | $62.4M | −$2.3M | −3.59% | +50.35% |
| Q4 2025 | 2025-12-31 | $65.0M | −$25.8M | −28.44% | +68.30% |
| Q3 2025 | 2025-09-30 | $99.5M | $6.6M | +7.09% | +94.62% |
| Q2 2025 | 2025-06-30 | $80.3M | −$20.0M | −19.95% | +75.23% |
| Q1 2025 | 2025-03-31 | $64.7M | −$39.5M | −37.89% | +56.14% |
| Q4 2024 | 2024-12-31 | $90.9M | −$42.8M | −32.01% | +87.11% |
| Q3 2024 | 2024-09-30 | $92.9M | −$22.6M | −19.53% | +90.08% |
| Q2 2024 | 2024-06-30 | $100.3M | −$32.4M | −24.43% | +87.07% |
| Q1 2024 | 2024-03-31 | $104.2M | −$31.0M | −22.96% | +89.20% |
| Q4 2023 | 2023-12-31 | $133.6M | −$22.7M | −14.54% | +97.98% |
| Q3 2023 | 2023-09-30 | $115.5M | $8.8M | +8.27% | +84.47% |
| Q2 2023 | 2023-06-30 | $132.7M | $61.5M | +86.51% | +125.55% |
| Q1 2023 | 2023-03-31 | $135.2M | $56.3M | +71.35% | +110.56% |
| Q4 2022 | 2022-12-31 | $156.3M | $83.0M | +113.13% | +78.58% |
| Q3 2022 | 2022-09-30 | $106.7M | $50.2M | +88.86% | +48.23% |
| Q2 2022 | 2022-06-30 | $71.1M | $3.7M | +5.44% | +34.25% |
| Q1 2022 | 2022-03-31 | $78.9M | $23.4M | +42.21% | +50.44% |
| Q4 2021 | 2021-12-31 | $73.4M | $13.2M | +21.98% | +45.57% |
| Q3 2021 | 2021-09-30 | $56.5M | −$6.9M | −10.87% | +41.11% |
| Q2 2021 | 2021-06-30 | $67.5M | −$18.4M | −21.47% | +57.22% |
| Q1 2021 | 2021-03-31 | $55.5M | −$12.4M | −18.27% | +62.04% |
| Q4 2020 | 2020-12-31 | $60.1M | −$45.1M | −42.85% | +74.19% |
| Q3 2020 | 2020-09-30 | $63.4M | −$28.5M | −31.01% | +97.75% |
| Q2 2020 | 2020-06-30 | $85.9M | −$6.4M | −6.93% | +148.90% |
| Q1 2020 | 2020-03-31 | $67.9M | $9.4M | +15.99% | +72.98% |
| Q4 2019 | 2019-12-31 | $105.2M | $56.9M | +117.58% | +87.49% |
| Q3 2019 | 2019-09-30 | $91.8M | $24.5M | +36.29% | +81.23% |
| Q2 2019 | 2019-06-30 | $92.3M | $19.9M | +27.46% | +68.67% |
| Q1 2019 | 2019-03-31 | $58.5M | $28.3M | +93.69% | +46.84% |
| Q4 2018 | 2018-12-31 | $48.4M | −$4.3M | −8.21% | +29.67% |
| Q3 2018 | 2018-09-30 | $67.4M | $1.2M | +1.74% | +42.59% |
| Q2 2018 | 2018-06-30 | $72.4M | $13.0M | +21.92% | +50.77% |
| Q1 2018 | 2018-03-31 | $30.2M | −$17.5M | −36.60% | +23.10% |
| Q4 2017 | 2017-12-31 | $52.7M | $13.6M | +34.64% | +50.70% |
| Q3 2017 | 2017-09-30 | $66.2M | $34.6M | +109.05% | +67.28% |
| Q2 2017 | 2017-06-30 | $59.4M | $13.4M | +29.04% | +60.30% |
| Q1 2017 | 2017-03-31 | $47.7M | $46.9M | +5889.32% | +46.81% |
| Q4 2016 | 2016-12-31 | $39.1M | −$16.6M | −29.78% | +42.00% |
| Q3 2016 | 2016-09-30 | $31.7M | −$31.8M | −50.10% | +31.95% |
| Q2 2016 | 2016-06-30 | $46.0M | −$4.5M | −8.87% | +113.48% |
| Q1 2016 | 2016-03-31 | $796,000 | −$60.0M | −98.69% | +1.24% |
| Q4 2015 | 2015-12-31 | $55.7M | −$45.2M | −44.80% | +55.70% |
| Q3 2015 | 2015-09-30 | $63.5M | −$32.1M | −33.55% | +46.34% |
| Q2 2015 | 2015-06-30 | $50.5M | −$14.7M | −22.53% | +77.96% |
| Q1 2015 | 2015-03-31 | $60.7M | $550,000 | +0.91% | +66.71% |
| Q4 2014 | 2014-12-31 | $101.0M | — | — | +59.67% |
| Q3 2014 | 2014-09-30 | $95.6M | — | — | +71.96% |
| Q2 2014 | 2014-06-30 | $65.2M | — | — | +54.83% |
| Q1 2014 | 2014-03-31 | $60.2M | — | — | +47.25% |
Black Stone Minerals, L.P free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $277.8M to $309.5M, a compound annual growth rate of 2.18%. Black Stone Minerals, L.P's latest reported quarter, Q2 2026, generated $92.8M in free cash flow, an increase of 15.59% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Black Stone Minerals, L.P filings at SEC.gov ↗