Is Black Stone Minerals, L.P. (BSM) Undervalued? Valuation & Fair Price
At $14.69, the frameworks are split on Black Stone Minerals, L.P. today — Warren Buffett rates it Buy, Peter Lynch and Phil Town (Rule #1) rate it Avoid, and Benjamin Graham rates it Hold. Each model calculates its own fair value and margin of safety; create a free account to see the exact buy price behind every verdict.
Black Stone Minerals, L.P.
BSMEnergy · Oil & Gas Exploration & Production · NYSE
$14.69
P/E 12.0×
CEO
H. Taylor DeWalch
Sector
Energy
Industry
Oil & Gas Exploration & Production
Website
www.blackstoneminerals.comBlack Stone Minerals, L.P. and its subsidiaries are primarily engaged in the ownership and active management of oil and natural gas mineral interests. The company possesses an extensive portfolio, encompassing approximately 16.8 million gross acres of mineral interests, 1.8 million gross acres of nonparticipating royalty interests, and 1.7 million gross acres of overriding royalty interests, distributed across 41 states within the United States. As of December 31, 2021, Black Stone Minerals reported estimated total proved oil and natural gas reserves equivalent to 59,824 barrels. This entity, founded in 1876, is headquartered in Houston, Texas.
Investor scorecard
How the four investors rate Black Stone Minerals, L.P.
A split decision across the frameworks
Investor model analysis
Details lockedAt $14.69, 2 of 4 frameworks say Avoid
Intrinsic Value (DCF)
Warren Buffett's valuation model · select an investor above to switch
Intrinsic Value
Locked — upgrade to viewBuy Below
Locked — upgrade to viewStrong Buy
Locked — upgrade to viewMargin of Safety
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Insider & congress activity
Are insiders buying BSM?
Over recent SEC Form 4 filings, BSM insiders bought $4.6M and sold $30.0M of stock across 26 open-market trades. Insiders sell for many reasons, but they buy for one.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| Whitehead Jamesdirector | Sell | 1,628,762 | $21.5M | Aug 6, 2026 |
| Whitehead Jamesdirector | Sell | 498,343 | $6.6M | Aug 6, 2026 |
| DeWalch D Markdirector | Buy | 36,363 | $495K | Jun 1, 2026 |
| DeWalch D Markdirector | Buy | 36,363 | $490K | May 29, 2026 |
| DeWalch D Markdirector | Buy | 37,650 | $497K | May 28, 2026 |
Members of Congress have also reported 2 trades in BSM. See the full insider & congress timeline.
Source: SEC Form 4 filings. Open-market buys & sells only. Not investment advice.
See the interactive insider chart & every tradeScenario analysis
Bear, base & bull
Three growth assumptions, three fair values — and where today's price lands
What's working
Key strengths
Identified by Buffett framework analysis
Company financials
5-Year Financials
Income statement highlights — annual, USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $422M | $439M | $501M | $784M | $506M |
| Rev. Growth | -3.9% | -12.3% | -36.1% | +55.1% | — |
| Net Income | $300M | $271M | $423M | $476M | $182M |
| Net Margin | 71.0% | 61.7% | 84.3% | 60.8% | 36.0% |
| EPS (Diluted) | $1.28 | $1.15 | $1.91 | $2.18 | $0.77 |
| Free Cash Flow | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view |
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Educational Use Only · Not Financial Advice
Analysis, scores, valuations, and buy zones are derived from publicly documented investor frameworks (Buffett, Lynch, Benjamin Graham, Phil Town) for learning purposes only. They are not recommendations from licensed financial advisors. Past performance does not guarantee future results. Prices may be delayed up to 15 minutes. Always conduct your own research before making any investment decisions.