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Black Stone Minerals, L.P. vs Kimbell Royalty Partners, LP: BSM and KRP compared
Black Stone Minerals, L.P. is the larger company: $99.7M of revenue in its latest quarter (Q3 2026) against $86.3M for Kimbell Royalty Partners, LP (Q3 2026). Kimbell Royalty Partners, LP is growing faster (+7% against -25% a year earlier). Black Stone Minerals, L.P. is more profitable, with an operating margin of 56.4% against 36.3%.
Where the money goes: BSM and KRP
Black Stone Minerals, L.P. (BSM) · Q3 2026
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.
Kimbell Royalty Partners, LP (KRP) · Q3 2026
Kimbell Royalty Partners, LP, Q3 2026: revenue $86.3M (+7% year over year), operating margin 36.3%, net earnings $15.1M, operating cash flow $58.1M. The chart follows the revenue to costs, profit and cash.
| Black Stone Minerals, L.P. (BSM) | Kimbell Royalty Partners, LP (KRP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $99.7M | $86.3M |
| Revenue growth, Y/Y | -25% | +7% |
| Operating margin | 56.4% | 36.3% |
| Net earnings | $45.0M | $15.1M |
| Net margin | 45.1% | 17.4% |
| Operating cash flow | $102M | $58.1M |
| Free cash flow | $87.7M | — |
| Market value | $3.2B | $413M |
| P/E | 11.1× | 4.1× |
| Analysts’ mean target | $16.00 | $19.20 |
Questions
Which is bigger, Black Stone Minerals, L.P. or Kimbell Royalty Partners, LP?
Black Stone Minerals, L.P. is the larger company: $99.7M of revenue in its latest quarter (Q3 2026) against $86.3M for Kimbell Royalty Partners, LP (Q3 2026).
Is Black Stone Minerals, L.P. or Kimbell Royalty Partners, LP growing faster?
Kimbell Royalty Partners, LP is growing faster (+7% against -25% a year earlier).
Which is more profitable, Black Stone Minerals, L.P. or Kimbell Royalty Partners, LP?
Black Stone Minerals, L.P. is more profitable, with an operating margin of 56.4% against 36.3%.
More: Black Stone Minerals, L.P. earnings · how Black Stone Minerals, L.P. makes money · Kimbell Royalty Partners, LP earnings · how Kimbell Royalty Partners, LP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.