Black Stone Minerals: third-quarter revenue up 23.5%, net income down 46.7%
Black Stone Minerals reported third-quarter 2026 revenue of $129.88 million, but net income fell to $45 million. Figures are from its 10-Q filing.
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what happened
According to TradingView, citing the 10-Q filing, Black Stone Minerals posted third-quarter 2026 revenue of $129.88 million, up 23.5% from a year earlier. Net income attributable to the general partner and common units dropped 46.7% to $45 million. Diluted earnings per common unit fell 47.5% to $0.21.
For the first nine months, revenue from contracts with customers rose 14.9% to $375.9 million, driven by higher oil sales and lease income. Derivative losses reduced total revenue. Production on a nine-month equivalent basis was nearly flat, with oil volumes up 2.0% and natural gas volumes down 1.0%.
The company also updated on projects. Adamas brought seven gross wells into sales in the Shelby Trough, Revenant expects to meet its four-well commitment for 2026, and an October agreement added 730,000 gross acres to the Caturus development area. Third-quarter mineral acquisitions totaled $14.6 million.
why it matters
For markets, this is a niche report from a company whose revenue and profit depend directly on oil and gas prices and on hedging results. Revenue growth with near-flat output suggests prices and oil sales did most of the work, while derivative losses weighed on the bottom line.
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sources
- Black Stone Minerals 3Q 2026: Revenue $129.88M, Net income $45M, EPS $0.21— 10-Q Summary — TradingView, 3 November 2026 at 19:41 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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