Black Stone Minerals, L.P. employees and revenue per employee

BSM · Oil & Gas Exploration & Production · $3.15B market cap

Black Stone Minerals, L.P. had 122 employees at the end of fiscal Dec 2025, up 8.0% from a year earlier. Revenue for the year was $422M, down 3.9% from a year earlier, or $3.46M per employee. Revenue fell while headcount grew.

Employees

122

+8.0% YoY

Revenue

$422M

-3.9% YoY

Revenue / employee

$3.46M

Peer median $5.45M

Rank in industry

24 of 38

Oil & Gas Exploration & Production

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2016
63191318'16'17'18'19'20'21'22'23'24'25Revenue 162Staff 113

Hover a year for the numbers.

BSM employees and revenue by fiscal year
Year endingEmployeesRevenuePer employeeStaff YoYRevenue YoY
Dec 2025122$422M$3.46M+8.0%-3.9%
Dec 2024113$439M$3.89M+4.6%-12.3%
Dec 2023108$501M$4.64M+10.2%-36.1%
Dec 202298$784M$8.00M+5.4%+55.1%
Dec 202193$506M$5.44M+6.9%+70.5%
Dec 202087$297M$3.41M-24.3%-39.8%
Dec 2019115$493M$4.29M-0.9%-19.2%
Dec 2018116$610M$5.25M+2.7%+41.9%
Dec 2017113$430M$3.80M+4.6%+64.7%
Dec 2016108$261M$2.42M——

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years
87'2093'2198'22108'23113'24122'25
Revenue per employee, last six fiscal years
$3.41M'20$5.44M'21$8.00M'22$4.64M'23$3.89M'24$3.46M'25

Black Stone Minerals, L.P. against similar companies

The closest industry peers by revenue, from Oil & Gas Exploration & Production.

CompanyEmployeesRevenueRevenue / employeeShape
KRP
Kimbell Royalty Partners, LP
29$334M$11.5MEfficient growth
VTS
Vitesse Energy, Inc.
37$274M$7.41MEfficient growth
TPL
Texas Pacific Land Corporation
114$798M$7.00MEfficient growth
BSM
Black Stone Minerals, L.P.
122$422M$3.46MHiring into decline
REPX
Riley Exploration Permian, Inc.
122$392M$3.21MHiring into decline
PNRG
PrimeEnergy Resources Corporation
67$186M$2.77MContracting
BKV
BKV Corporation
452$896M$1.98MEfficient growth
TXO
TXO Partners, L.P.
224$411M$1.84MEfficient growth
EGY
VAALCO Energy, Inc.
281$359M$1.28MHiring into decline
Every Energy company

Questions about Black Stone Minerals, L.P.

How many employees does Black Stone Minerals, L.P. have?
Black Stone Minerals, L.P. reported 122 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 24, 2026. That is up 8.0% from a year earlier.
What is Black Stone Minerals, L.P.'s revenue per employee?
Black Stone Minerals, L.P. brought in $422M of revenue in fiscal Dec 2025, which is $3.46M per employee. That ranks 24 of 38 companies we track in Oil & Gas Exploration & Production, where the median is $5.45M.
Where do these numbers come from?
Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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Compare BSM with the rest of the market

See who earns the most per employee, who is hiring, and who is cutting, across every company we track.

Source: employee counts and revenue as stated in Black Stone Minerals, L.P.'s annual reports (Form 10-K), latest filed February 24, 2026. This is data, not a recommendation to buy or sell BSM.