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Black Stone Minerals, L.P. vs Prairie Operating: BSM and PROP compared
Black Stone Minerals, L.P. is the larger company: $99.7M of revenue in its latest quarter (Q3 2026) against $98.9M for Prairie Operating (Q2 2026). Prairie Operating is growing faster (+45% against -25% a year earlier). Prairie Operating is more profitable, with an operating margin of 130.3% against 56.4%.
Where the money goes: BSM and PROP
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.
Prairie Operating (PROP) · Q2 2026
Prairie Operating, Q2 2026: revenue $98.9M (+45% year over year), operating margin 130.3%, net earnings $109M, operating cash flow $52.0M. The chart follows the revenue to costs, profit and cash.
| Black Stone Minerals, L.P. (BSM) | Prairie Operating (PROP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $99.7M | $98.9M |
| Revenue growth, Y/Y | -25% | +45% |
| Operating margin | 56.4% | 130.3% |
| Net earnings | $45.0M | $109M |
| Net margin | 45.1% | 110.3% |
| Operating cash flow | $102M | $52.0M |
| Free cash flow | $87.7M | — |
| Market value | $3.2B | — |
| P/E | 11.1× | — |
| Analysts’ mean target | $16.00 | — |
Questions
Which is bigger, Black Stone Minerals, L.P. or Prairie Operating?
Black Stone Minerals, L.P. is the larger company: $99.7M of revenue in its latest quarter (Q3 2026) against $98.9M for Prairie Operating (Q2 2026).
Is Black Stone Minerals, L.P. or Prairie Operating growing faster?
Prairie Operating is growing faster (+45% against -25% a year earlier).
Which is more profitable, Black Stone Minerals, L.P. or Prairie Operating?
Prairie Operating is more profitable, with an operating margin of 130.3% against 56.4%.
More: Black Stone Minerals, L.P. earnings · how Black Stone Minerals, L.P. makes money · Prairie Operating earnings · how Prairie Operating makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.