# Black Stone Minerals Set to Report Q3 Results With Revenue Forecast Down 13.9%

> Black Stone Minerals reports Q3 results Monday after market hours, with analysts expecting revenue to fall 13.9% year on year after a $149 million quarter.

- Published: 2026-11-01T04:08:43+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-01/black-stone-minerals-q3-revenue-forecast
- Source: [TradingView](https://www.tradingview.com/news/stockstory:10e0afb2e094b:0-black-stone-minerals-bsm-q3-earnings-what-to-expect/)

## Key takeaways

- Analysts expect Black Stone Minerals revenue to decline 13.9% year on year in Q3 2026.
- Black Stone Minerals reported $149 million in revenue last quarter, down 6.6% year on year.
- Black Stone Minerals declared a $0.35 per common unit distribution for Q3 2026, payable November 13, 2026.

[Black Stone Minerals](https://akta.pro/company-profiles/00061i2/black-stone-minerals) will report third-quarter results after market hours on Monday, with analysts expecting revenue to fall 13.9% year on year, according to [TradingView](https://www.tradingview.com/news/stockstory:10e0afb2e094b:0-black-stone-minerals-bsm-q3-earnings-what-to-expect/). The mineral rights owner reported $149 million in revenue last quarter, down 6.6% year on year.

## Black Stone Minerals' Q3 Revenue Forecast

Analysts expect the 13.9% decline to deepen from the 1.8% decrease Black Stone Minerals recorded in the same quarter last year. The company has missed Wall Street's revenue estimates multiple times over the past two years, and analysts covering it have generally reconfirmed their estimates over the last 30 days.

In the prior quarter, Black Stone Minerals beat analysts' revenue expectations and posted an impressive beat of analysts' EBITDA and EPS estimates, with oil production flat year on year. Among upstream and integrated peers that have already reported, Weatherford's revenues decreased 7.2% year on year, beating analysts' expectations by 0.8%, and Expand Energy reported revenues up 11.6%, topping estimates by 54.4%.

Black Stone Minerals is a publicly traded MLP and the largest U.S. mineral and royalty company, owning over 20 million acres across more than 40 states. It generates revenue through royalty payments from third-party exploration and production operators developing its acreage.

## Black Stone Minerals' Development Agreements

According to akta.pro [company records](https://akta.pro/company-data), Black Stone Minerals executed development agreements with Aethon Energy and Revenant Energy in February 2026 covering approximately 500,000 gross acres in the Shelby Trough and Haynesville expansion areas. Minimum drilling commitments ramp to 50 gross wells per year for Aethon and 37 gross wells per year for Revenant by 2031. The same records show mineral and royalty production of 35.9 MBoe per day in Q1 2026, up 16% from the prior quarter, with total production of 37.0 MBoe/d driven by Haynesville and Permian assets.

## Distribution Increase and Earlier Results

Black Stone Minerals declared a $0.35 per common unit distribution for Q3 2026, a 9% increase over the prior quarter, TradingView reported. The distribution is payable November 13, 2026, to unitholders of record November 6.

On August 3, Black Stone Minerals reported quarterly earnings of $0.47 per share, beating analyst consensus estimates of $0.23 by $0.24, with revenue of $148.97 million exceeding the consensus estimate of $108.28 million, Markets Daily reported.

## Black Stone Minerals' Earnings Call

Black Stone Minerals will hold an earnings call on November 3 to discuss third-quarter results, TradingView reported.

## Companies in this story

- [Black Stone Minerals company profile](https://akta.pro/company-profiles/00061i2/black-stone-minerals) · website: http://www.blackstoneminerals.com

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