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Ring Energy vs Black Stone Minerals, L.P.: REI and BSM compared
Ring Energy is the larger company: $102M of revenue in its latest quarter (Q3 2026) against $99.7M for Black Stone Minerals, L.P. (Q3 2026). Ring Energy is growing faster (+30% against -25% a year earlier). Black Stone Minerals, L.P. is more profitable, with an operating margin of 56.4% against 44.5%.
Where the money goes: REI and BSM
Ring Energy (REI) · Q3 2026
Ring Energy, Q3 2026: revenue $102M (+30% year over year), operating margin 44.5%, net loss $16.6M, operating cash flow $63.1M. 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.
| Ring Energy (REI) | Black Stone Minerals, L.P. (BSM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $102M | $99.7M |
| Revenue growth, Y/Y | +30% | -25% |
| Operating margin | 44.5% | 56.4% |
| Net earnings | −$16.6M | $45.0M |
| Net margin | -16.2% | 45.1% |
| Operating cash flow | $63.1M | $102M |
| Free cash flow | — | $87.7M |
| Market value | — | $3.2B |
| P/E | — | 11.1× |
| Analysts’ mean target | — | $16.00 |
Questions
Which is bigger, Ring Energy or Black Stone Minerals, L.P.?
Ring Energy is the larger company: $102M of revenue in its latest quarter (Q3 2026) against $99.7M for Black Stone Minerals, L.P. (Q3 2026).
Is Ring Energy or Black Stone Minerals, L.P. growing faster?
Ring Energy is growing faster (+30% against -25% a year earlier).
Which is more profitable, Ring Energy or Black Stone Minerals, L.P.?
Black Stone Minerals, L.P. is more profitable, with an operating margin of 56.4% against 44.5%.
More: Ring Energy earnings · how Ring 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 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.