Filing Flows › Black Stone Minerals, L.P. (BSM) › Operating margin
Black Stone Minerals, L.P. (BSM) operating margin by quarter
Black Stone Minerals, L.P.'s operating margin was 56.4% in Q3 2026 (third quarter 2026), -17.5 pts from Q2 2026. Over the last 7 quarters it ranged from 28.0% (Q1 2026) to 76.7% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 56.4% | -17.5 pts | -14.7 pts |
| Q2 2026 | 73.9% | +45.9 pts | -2.8 pts |
| Q1 2026 | 28.0% | -35.0 pts | -0.9 pts |
| Q4 2025 | 63.1% | -8.0 pts | — |
| Q3 2025 | 71.0% | -5.6 pts | — |
| Q2 2025 | 76.7% | +47.7 pts | — |
| Q1 2025 | 29.0% | — | — |
Q3 2026 at a glance
Black Stone Minerals, L.P., Q3 2026: revenue $99.7M (-25% year over year), operating margin 56.4%, net earnings $45.0M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.
Questions
What is Black Stone Minerals, L.P.'s operating margin?
Black Stone Minerals, L.P.'s operating margin was 56.4% in Q3 2026 (third quarter 2026), -17.5 pts from Q2 2026.
How has Black Stone Minerals, L.P.'s operating margin changed?
Over the last 7 quarters it ranged from 28.0% (Q1 2026) to 76.7% (Q2 2025).
Q3 2026 results → · How Black Stone Minerals, L.P. makes money →