BSM (Black Stone Minerals LP) Days Payable: 12.20 (As of Mar. 2026) — Near Median


BSM Black Stone Minerals LP BSM
78 GF Score
Price $14.10
GF Value $13.87
Valuation Fairly Valued
! 6 Warning Signs
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What is Black Stone Minerals LP Days Payable?

Black Stone Minerals LP BSM +1.08% 78 Days Payable is 12.20 as of Mar. 2026, which is 3% below its 10-year median of 12.59. GuruFocus rates BSM with a GF Score™ of 78/100 and a GF Value™ of $13.87 (Fairly Valued). The stock has 6 warning signs investors should review. Among 849 Oil & Gas companies, Black Stone Minerals LP ranks worse than 88.57% on this metric.

Black Stone Minerals LP's average Accounts Payable for the three months ended in Mar. 2026 was $2.8 Mil. Black Stone Minerals LP's Cost of Goods Sold for the three months ended in Mar. 2026 was $20.9 Mil. Hence, Black Stone Minerals LP's Days Payable for the three months ended in Mar. 2026 was 12.20.

The historical rank and industry rank for Black Stone Minerals LP's Days Payable or its related term are showing as below:

BSM' s Days Payable Range Over the Past 10 Years
Min: 5.87   Med: 12.59   Max: 21.34
Current: 16.99

During the past 13 years, Black Stone Minerals LP's highest Days Payable was 21.34. The lowest was 5.87. And the median was 12.59.

BSM's Days Payable is ranked worse than
88.57% of 849 companies
in the Oil & Gas industry
Industry Median: 57.95 vs BSM: 16.99

Black Stone Minerals LP's Days Payable declined from Mar. 2025 (22.83) to Mar. 2026 (12.20). It may suggest that Black Stone Minerals LP accelerated paying its suppliers.


Black Stone Minerals LP Days Payable Historical Data

* Premium members only.

The historical data trend for Black Stone Minerals LP's Days Payable 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.

Black Stone Minerals LP Days Payable Chart

Black Stone Minerals LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.78 18.36 20.87 21.34 18.60

Black Stone Minerals LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.83 25.13 18.38 12.57 12.20

BSM vs BKV, GPOR, TALO: Days Payable Comparison

For the Oil & Gas E&P subindustry, Black Stone Minerals LP's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Black Stone Minerals LP Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Black Stone Minerals LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Black Stone Minerals LP's Days Payable falls into.


BSM
78GF Score
Black Stone Minerals LP BSM
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Stone Minerals LP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Black Stone Minerals LP's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (5.946 + 2.823) / 2 ) / 86.052*365
=4.3845 / 86.052*365
=18.60

Black Stone Minerals LP's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (2.823 + 2.761) / 2 ) / 20.878*365 / 4
=2.792 / 20.878*365 / 4
=12.20

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 12.20 mean?
Black Stone Minerals LP (BSM) has a Days Payable of 12.20 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Black Stone Minerals LP and its competitors. This is near median its historical median of 12.59. Over the past decade, Black Stone Minerals LP's Days Payable has ranged from 5.87 to 21.34. According to the industry distribution chart, Black Stone Minerals LP ranks #752 out of 849 companies in the Oil & Gas industry, placing it in the top 88.6%.
Is Black Stone Minerals LP's Days Payable too high?
Black Stone Minerals LP's current Days Payable of 12.20 is near median its 10-year median of 12.59. Over the past 10 years, this metric has ranged from a low of 5.87 to a high of 21.34. The Oil & Gas industry median Days Payable is 57.95. Black Stone Minerals LP's value of 12.20 is 78.9% below this industry median. Based on the distribution chart, Black Stone Minerals LP ranks #752 out of 849 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Black Stone Minerals LP has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Black Stone Minerals LP's Days Payable compare to BKV and GPOR?
According to the Oil & Gas industry distribution chart, Black Stone Minerals LP ranks #752 out of 849 companies for Days Payable. This places Black Stone Minerals LP in the lower half of its industry. The industry median Days Payable is 57.95. Black Stone Minerals LP's value of 12.20 is 78.9% below this benchmark. Historically, Black Stone Minerals LP's own Days Payable has ranged from 5.87 to 21.34 over the past decade. While the company's 10-year median is 12.59 vs. the industry median of 57.95, Black Stone Minerals LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Stone Minerals LP's current Days Payable of 12.20 is 78.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Black Stone Minerals LP and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Stone Minerals LP's current Days Payable is 12.20, which is near median its own 10-year median of 12.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Stone Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Black Stone Minerals LP (BSM) is currently considered Fairly Valued. The stock's GF Value™ is $13.87, compared to a current price of $14.10 — trading 1.7% above its estimated fair value. The current Days Payable is 12.20, which is near median its 10-year median of 12.59 and 78.9% below the Oil & Gas industry median of 57.95. Black Stone Minerals LP's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Black Stone Minerals LP (BSM), the current Days Payable is 12.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Black Stone Minerals LP (BSM) Overvalued in 2026?

Based on GuruFocus' analysis, Black Stone Minerals LP stock appears to be overvalued. The current stock price of $14.10 is trading 1.7% above its estimated GF Value™ of $13.87. GuruFocus considers Black Stone Minerals LP to be Fairly Valued.

Key valuation signals for BSM:

  • Days Payable: 12.20 (near median its 10-year median of 12.59)
  • GF Value™: $13.87 vs. price of $14.10 (1.7% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 78.9% below the Oil & Gas median (#752 of 849)

No single metric tells the full story. See the BSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Black Stone Minerals LP Business Description

Industry EnergyOil & Gas
Address 1001 Fannin Street, Suite 2020, Houston, TX, USA, 77002
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its 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. The company owns mineral interests in approximately 16.9 million gross acres.
78GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.10
Price
$13.87
GF Value