BSM
Black Stone Minerals, L.P.Energy · $3.0B market cap
Verdict
Share price
$14.56
close of Oct 3, 2026
Fair value
$10.21
Sticker Price
Payback Price
$4.08
buy price
BSM is Overpriced: at $14.56 it trades 43% above its fair value of $10.21. Its buy price (Payback Price) is $4.08, 72% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.
How we valued it
Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.
Business quality
2 of 5 clear the 10% bar. What are the Big Five?
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2 of the investors we track hold BSM. In Q1 2026, 1 added. Who we track
Tweedy Browne
Tweedy Browne · as of Q2 2026
$1.2M
83,530 shares
First Eagle Investment Management
First Eagle Investment Management · as of Q2 2026
$409K
29,285 shares
Moves in Q1 2026
Insider activity
Since Jul 2, 2026: no open-market purchases, 2 sales worth $28.1M and 7 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Other filings
Stuart Alexander D.
director · 2026-08-18
G-Gift
15,900 shares
Kyle Jerry V. Jr.
director · 2026-07-31
J-Other
7,665 shares
Hamman Anne Lenoir
director · 2026-07-02
Award
$19K
Stuart Alexander D.
director · 2026-07-02
Award
$24K
Kyle Jerry V. Jr.
director · 2026-07-02
Award
$19K
Show all 7 other filingsShow fewer
Randall William E.
director · 2026-07-02
Award
$22K
DeWalch D Mark
director · 2026-07-02
Award
$19K
About Black Stone Minerals, L.P.
Black Stone Minerals, L.P. and its subsidiaries are primarily engaged in the ownership and active management of oil and natural gas mineral interests. The company possesses an extensive portfolio, encompassing approximately 16.8 million gross acres of mineral interests, 1.8 million gross acres of nonparticipating royalty interests, and 1.7 million gross acres of overriding royalty interests, distributed across 41…
Oil & Gas Exploration & Production
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works