Black Stone Minerals, L.P annual operating expenses
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2025
Black Stone Minerals, L.P Operating Expenses Growth & History (BSM)
Black Stone Minerals, L.P's operating expenses was $161.5M for fiscal 2025.
View full Black Stone Minerals, L.P company overviewBlack Stone Minerals, L.P annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $161.5M | $930,000 | +0.58% |
| 2024 | 2024-12-31 | $160.6M | −$8.0M | −4.76% |
| 2023 | 2023-12-31 | $168.6M | −$12.5M | −6.89% |
| 2022 | 2022-12-31 | $181.1M | $9.2M | +5.33% |
| 2021 | 2021-12-31 | $171.9M | −$38.7M | −18.38% |
| 2020 | 2020-12-31 | $210.6M | −$42.0M | −16.63% |
| 2019 | 2019-12-31 | $252.6M | −$38.5M | −13.23% |
| 2018 | 2018-12-31 | $291.2M | $33.6M | +13.05% |
| 2017 | 2017-12-31 | $257.6M | $24.2M | +10.37% |
| 2016 | 2016-12-31 | $233.4M | −$255.4M | −52.26% |
| 2015 | 2015-12-31 | $488.8M | $122.2M | +33.32% |
| 2014 | 2014-12-31 | $366.6M | $82.9M | +29.20% |
| 2013 | 2013-12-31 | $283.8M | — | — |
Black Stone Minerals, L.P quarterly operating expenses
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Q3.15
Q4.15
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Q1.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $38.9M | $1.7M | +4.54% |
| Q1 2026 | 2026-03-31 | $42.7M | $633,000 | +1.50% |
| Q4 2025 | 2025-12-31 | $43.8M | $7.6M | +21.12% |
| Q3 2025 | 2025-09-30 | $38.4M | −$3.4M | −8.06% |
| Q2 2025 | 2025-06-30 | $37.2M | −$3.9M | −9.53% |
| Q1 2025 | 2025-03-31 | $42.1M | $572,000 | +1.38% |
| Q4 2024 | 2024-12-31 | $36.2M | −$7.0M | −16.27% |
| Q3 2024 | 2024-09-30 | $41.7M | −$6.0M | −12.62% |
| Q2 2024 | 2024-06-30 | $41.1M | $2.9M | +7.57% |
| Q1 2024 | 2024-03-31 | $41.5M | $2.1M | +5.43% |
| Q4 2023 | 2023-12-31 | $43.2M | −$2.2M | −4.77% |
| Q3 2023 | 2023-09-30 | $47.8M | $1.5M | +3.33% |
| Q2 2023 | 2023-06-30 | $38.2M | −$9.1M | −19.16% |
| Q1 2023 | 2023-03-31 | $39.4M | −$2.8M | −6.62% |
| Q4 2022 | 2022-12-31 | $45.4M | $1.5M | +3.53% |
| Q3 2022 | 2022-09-30 | $46.2M | $3.9M | +9.26% |
| Q2 2022 | 2022-06-30 | $47.3M | $5.9M | +14.22% |
| Q1 2022 | 2022-03-31 | $42.2M | −$2.2M | −4.92% |
| Q4 2021 | 2021-12-31 | $43.9M | −$1.9M | −4.12% |
| Q3 2021 | 2021-09-30 | $42.3M | $23.8M | +128.51% |
| Q2 2021 | 2021-06-30 | $41.4M | −$2.4M | −5.54% |
| Q1 2021 | 2021-03-31 | $44.4M | −$58.2M | −56.75% |
| Q4 2020 | 2020-12-31 | $45.7M | −$12.6M | −21.61% |
| Q3 2020 | 2020-09-30 | $18.5M | −$43.6M | −70.20% |
| Q2 2020 | 2020-06-30 | $43.8M | −$19.1M | −30.35% |
| Q1 2020 | 2020-03-31 | $102.5M | $33.3M | +48.16% |
| Q4 2019 | 2019-12-31 | $58.3M | −$17.0M | −22.54% |
| Q3 2019 | 2019-09-30 | $62.1M | −$11.4M | −15.50% |
| Q2 2019 | 2019-06-30 | $63.0M | −$12.8M | −16.93% |
| Q1 2019 | 2019-03-31 | $69.2M | $2.7M | +4.03% |
| Q4 2018 | 2018-12-31 | $75.3M | $2.9M | +4.01% |
| Q3 2018 | 2018-09-30 | $73.5M | $10.6M | +16.92% |
| Q2 2018 | 2018-06-30 | $75.8M | $13.1M | +20.90% |
| Q1 2018 | 2018-03-31 | $66.5M | $7.0M | +11.70% |
| Q4 2017 | 2017-12-31 | $72.4M | $11.7M | +19.34% |
| Q3 2017 | 2017-09-30 | $62.9M | $3.0M | +5.08% |
| Q2 2017 | 2017-06-30 | $62.7M | $2.6M | +4.39% |
| Q1 2017 | 2017-03-31 | $59.6M | $6.8M | +12.88% |
| Q4 2016 | 2016-12-31 | $60.7M | −$88.9M | −59.42% |
| Q3 2016 | 2016-09-30 | $59.9M | −$22.5M | −27.29% |
| Q2 2016 | 2016-06-30 | $60.0M | −$126.0M | −67.72% |
| Q1 2016 | 2016-03-31 | $52.8M | −$18.1M | −25.54% |
| Q4 2015 | 2015-12-31 | $149.6M | −$37.2M | −19.92% |
| Q3 2015 | 2015-09-30 | $82.3M | $10.8M | +15.11% |
| Q2 2015 | 2015-06-30 | $186.0M | $131.9M | +243.57% |
| Q1 2015 | 2015-03-31 | $70.9M | $16.7M | +30.78% |
| Q4 2014 | 2014-12-31 | $186.8M | — | — |
| Q3 2014 | 2014-09-30 | $71.5M | — | — |
| Q2 2014 | 2014-06-30 | $54.1M | — | — |
| Q1 2014 | 2014-03-31 | $54.2M | — | — |
Black Stone Minerals, L.P operating expenses trends
Over the last five fiscal years, Black Stone Minerals, L.P's operating expenses decreased from $210.6M to $161.5M, a change of −$49.1M. The latest reported quarter, Q2 2026, shows $38.9M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Black Stone Minerals, L.P source filings ↗