Black Stone Minerals LP (Black Stone Minerals LP) COGS-to-Revenue

: 0.22 (As of Dec. 2023)

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Black Stone Minerals LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $30.0 Mil. Its Revenue for the three months ended in Dec. 2023 was $136.4 Mil.

Black Stone Minerals LP's COGS to Revenue for the three months ended in Dec. 2023 was 0.22.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Black Stone Minerals LP's Gross Margin % for the three months ended in Dec. 2023 was 77.99%.

Black Stone Minerals LP COGS-to-Revenue Historical Data

The historical data trend for Black Stone Minerals LP's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Black Stone Minerals LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.38

0.47

0.24

0.16

0.23

Black Stone Minerals LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue																0.15	0.22	0.25	0.23	0.22

Black Stone Minerals LP COGS-to-Revenue Calculation

Black Stone Minerals LP's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	114.048	/	501.099
	=	0.23

Black Stone Minerals LP's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30.012	/	136.376
	=	0.22

Black Stone Minerals LP (NYSE:BSM) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Black Stone Minerals LP's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	30.012 / 136.376
	=	77.99 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Black Stone Minerals LP COGS-to-Revenue Related Terms

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Black Stone Minerals LP (Black Stone Minerals LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Stone Minerals LP (NYSE:BSM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Fannin Street, Suite 2020, Houston, TX, USA, 77002

Website

https://www.blackstoneminerals.com

Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which make up the majority of the asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests.

Executives

Carter Thomas L Jr	officer: President, CEO, and Chairman	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
D Mark Dewalch	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
James Whitehead	director	1001 FANNIN ST, SUITE 2020, HOUSTON TX 77006
Luke Stevens Putman	officer: See Remarks	601 JEFFERSON, SUITE 3600, HOUSTON TX 77002
Evan Montgomery Kiefer	officer: Interim CFO & Treasurer	1001 FANNIN ST, SUITE 2020, HOUSTON TX 77002
Dawn Smajstrla	officer: VP, Chief Accounting Officer	801 LOUISIANA, STE 700, HOUSTON X1 77479
Jeffrey P. Wood	officer: SVP, CFO	EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Carrie Pearson Clark	officer: SVP, Land and Legal	825 TOWN & COUNTRY LANE, SUITE 1100, HOUSTON TX 77024
William N. Mathis	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Holbrook F Dorn	officer: See Remarks	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Brock Morris	officer: See Remarks	1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Alexander D. Stuart	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
William E. Randall	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Ricky J. Haeflinger	director	C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
William G Bardel	director	C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652