The Black Stone Minerals L P shows a gross margin of 90.4%, an operating margin of 64.3%, an EBITDA margin of 72.9%, and a net margin of 61.7%. Across the available margins, gross margin advanced the most and net margin weakened the most, by 2.3 and 1.2 percentage points respectively.
BSM margin history
Over the last 3 years, Black Stone Minerals L P's margins averaged 88.01% gross, 65.42% operating, 74.78% EBITDA, and 64.43% net. For Black Stone Minerals L P, gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.
BSM margin expansion
The largest positive change was in gross margin, up 2.3 percentage points. Operating margin also expanded by 0.3 percentage points, while EBITDA margin contracted by 0.8 percentage points and net margin by 1.2 percentage points.
BSM Gross margin
The average gross margin for Black Stone Minerals L P was 88.01% over the last 3 years. As of the latest period, the current gross margin for Black Stone Minerals L P is 90.4%, 2.4 percentage points above its three-year average. The gross margin for Black Stone Minerals L P moved between 85.5% in Mar 2025 and 90.4% in Jun 2026.
BSM Operating margin
Throughout the last 3 years, Black Stone Minerals L P had an average operating margin of 65.42%. Black Stone Minerals L P's current operating margin is 64.3% and is 1.1 percentage points below its three-year average. Looking back over the last 3 years, Black Stone Minerals L P's operating margin reached 71.5% at its highest point in Dec 2023 and 58.4% at its lowest in Mar 2025.
BSM EBITDA margin
Across the last 3 years, Black Stone Minerals L P's EBITDA margin averaged 74.78%. The current EBITDA margin stands at 72.9%, 1.9 percentage points below its three-year average. EBITDA margin was highest at 79.7% in Dec 2023 and lowest at 69.9% in Mar 2025.
BSM Net margin
Across the last 3 years, Black Stone Minerals L P's net margin came to 64.43%. The latest net margin for Black Stone Minerals L P is 61.7%, 2.7 percentage points below its three-year average. Net margin was highest at 71.4% in Dec 2023 and lowest at 57.6% in Mar 2025.
BSM margin group comparison
With a gross margin of 90.4%, BSM stands above the Energy sector and the industry average. In comparison with its Energy sector average of 42.7%, Black Stone Minerals L P's gross margin is 112% higher.
BSM margin peer comparison
Frequently asked questions
What is Black Stone Minerals L P's gross margin?
For the period ending Jun 30, 2026, BSM recorded a gross margin of 90.4%.
What is Black Stone Minerals L P's operating margin?
As of Jun 30, 2026, BSM has an operating margin of 64.3%.
What is Black Stone Minerals L P's EBITDA margin?
As of Jun 30, 2026, BSM has an EBITDA margin of 72.9%.
What is Black Stone Minerals L P's net margin?
For the period ending Jun 30, 2026, BSM recorded a net margin of 61.7%.
What are the average margins of BSM?
Over the last 3 years, Black Stone Minerals L P's margins averaged 88.0% gross, 65.4% operating, 74.8% EBITDA, and 64.4% net.
What are the highest historical margins of BSM?
Across the 5-year period, BSM posted its highest margins at 90.5% gross in Jun 2023, 77.8% operating in Mar 2023, 84% EBITDA in Mar 2023, and 77.1% net in Mar 2023.
What are the lowest historical margins of BSM?
Black Stone Minerals L P's lowest recorded margins during the past 5 years were 80.4% gross in Mar 2022, 49.2% operating in Mar 2022, 66.6% EBITDA in Mar 2022, and 47.5% net in Mar 2022.