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BSM (Black Stone Minerals LP) EBIT : $375.3 Mil (TTM As of Sep. 2024)


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What is Black Stone Minerals LP EBIT?

Black Stone Minerals LP's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $93.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $375.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Black Stone Minerals LP's annualized ROC % for the quarter that ended in Sep. 2024 was 20.93%. Black Stone Minerals LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 32.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Black Stone Minerals LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.41%.


Black Stone Minerals LP EBIT Historical Data

The historical data trend for Black Stone Minerals LP's EBIT 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 EBIT Chart

Black Stone Minerals LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 235.80 132.23 187.63 482.77 425.30

Black Stone Minerals LP Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT 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 62.69 148.32 64.56 68.95 93.46

Competitive Comparison of Black Stone Minerals LP's EBIT

For the Oil & Gas E&P subindustry, Black Stone Minerals LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Black Stone Minerals LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Black Stone Minerals LP's EV-to-EBIT falls into.



Black Stone Minerals LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $375.3 Mil.

* 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  (NYSE:BSM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Black Stone Minerals LP's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=245.78 * ( 1 - 0% )/( (1173.995 + 1174.199)/ 2 )
=245.78/1174.097
=20.93 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1216.896 - 16.232 - ( 26.669 - max(0, 27.062 - 114.518+26.669))
=1173.995

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1212.817 - 17.655 - ( 20.963 - max(0, 19.458 - 109.255+20.963))
=1174.199

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Black Stone Minerals LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=373.82/( ( (1095.287 + max(55.955, 0)) + (1096.296 + max(63.096, 0)) )/ 2 )
=373.82/( ( 1151.242 + 1159.392 )/ 2 )
=373.82/1155.317
=32.36 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(68.993 + 0 + 14.024) - (16.232 + 0 + 10.83)
=55.955

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.381 + 0 + 20.173) - (17.655 + 0 + 1.803)
=63.096

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Black Stone Minerals LP's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=375.28/3290.427
=11.41 %

* 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 EBIT Related Terms

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Black Stone Minerals LP Business Description

Traded in Other Exchanges
N/A
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.
Executives
Carter Thomas L Jr officer: President, CEO, and Chairman 500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Carrie Pearson Clark officer: SVP, Land and Legal 825 TOWN & COUNTRY LANE, SUITE 1100, HOUSTON TX 77024
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
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