All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2025-02-28.
From the record
Black Stone Minerals, L.P.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2025-02-28) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+6.8% a year over 10 filed years; profitable in 10 of 10.
From the record
Black Stone Minerals, L.P.'s 10 filed years say what it did: revenue went from $261 million in fiscal 2016 to $470 million in fiscal 2025, up 6.8% a year; it rose in 5 of 9 years; the deepest fall was 44% from fiscal 2018 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 1.2/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Black Stone Minerals, L.P.'s shareholder treatment is put at 1.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
SI estimate 4.8/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Black Stone Minerals, L.P.'s financial health is put at 4.8 of 10 with a confidence of 20 of 100, because no balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 76 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
How strong is its position in its industry?
top 43% of 76 in its family; net margin 63.8%.
From the record
Black Stone Minerals, L.P.'s standing among 76 graded names in its industry family: revenue of $470 million in fiscal 2025 ranks in the bottom 42% by size; a net margin of 63.8% ranks in the top 1%; revenue growth of -10.9% a year over the last 3 filed years ranks in the bottom 31% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 49% of 51 in its family for leadership; chief executive since 2026.
From the record
Black Stone Minerals, L.P.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Carter, Fowler (Co-CEO and President, as filed), filing under that title since 2026-01-09, 10 months (bottom 24% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 10.5 years (top 6%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (bottom 34%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 18% of 74 in its family for room to expand.
From the record
Black Stone Minerals, L.P.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1 million against no long-term debt tagged leaves 0.1% of its assets as net cash, top 31% of its family; cash from operations less capital spending is 66% of revenue (top 6%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 47% of 72 in its family for growth drivers.
From the record
Black Stone Minerals, L.P.'s growth drivers, from the filed years to fiscal 2025: revenue grew -10.9% a year over the last three filed years against 6.8% over all 10, slowing (bottom 44% of its family); the newest year grew 8.4% (top 38%) (its annual reports). Black Stone Minerals, L.P. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 31% of 69 in its family for expectations against reality.
From the record
Black Stone Minerals, L.P.'s newest year against its own record: revenue of $470 million in fiscal 2025 came in 34% above the $351 million its prior three years' pace pointed to (top 20% of its family); net income of $300 million against a prior three-year average of $390 million (top 36%); a net margin of 63.8% against 68.6% before (top 37%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made