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Diversified Energy vs Black Stone Minerals, L.P.: DEC and BSM compared
Diversified Energy is the larger company: $109M of revenue in its latest quarter (Q3 2026) against $99.7M for Black Stone Minerals, L.P. (Q3 2026). Black Stone Minerals, L.P. is growing faster (-25% against -78% a year earlier). Black Stone Minerals, L.P. is more profitable, with an operating margin of 56.4% against -216.8%.
Where the money goes: DEC and BSM
Diversified Energy (DEC) · Q3 2026
Diversified Energy, Q3 2026: revenue $109M (-78% year over year), operating margin -216.8%, net loss $202M, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
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.
| Diversified Energy (DEC) | Black Stone Minerals, L.P. (BSM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $109M | $99.7M |
| Revenue growth, Y/Y | -78% | -25% |
| Operating margin | -216.8% | 56.4% |
| Net earnings | −$202M | $45.0M |
| Net margin | -186.4% | 45.1% |
| Operating cash flow | $136M | $102M |
| Free cash flow | $96.5M | $87.7M |
| Market value | $1.1B | $3.2B |
| P/E | 18.1× | 11.1× |
| Analysts’ mean target | $20.43 | $16.00 |
Questions
Which is bigger, Diversified Energy or Black Stone Minerals, L.P.?
Diversified Energy is the larger company: $109M of revenue in its latest quarter (Q3 2026) against $99.7M for Black Stone Minerals, L.P. (Q3 2026).
Is Diversified Energy or Black Stone Minerals, L.P. growing faster?
Black Stone Minerals, L.P. is growing faster (-25% against -78% a year earlier).
Which is more profitable, Diversified Energy or Black Stone Minerals, L.P.?
Black Stone Minerals, L.P. is more profitable, with an operating margin of 56.4% against -216.8%.
More: Diversified Energy earnings · how Diversified Energy makes money · Black Stone Minerals, L.P. earnings · how Black Stone Minerals, L.P. makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.