Black Stone Minerals L.P. (BSM) vs Expand Energy (EXE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Black Stone Minerals L.P. (BSM) has outperformed Expand Energy (EXE) over the past year, gaining 8.7% versus a loss of 19.2%. Over five years, EXE leads with a +40.4% price change compared with +19.8% for BSM. Expand Energy is the larger company by market cap ($20.40 billion vs $3.11 billion), about 6.6 times the size.
On valuation, Expand Energy trades at a lower forward P/E (10.6x vs 13.0x for Black Stone Minerals L.P.). Black Stone Minerals L.P. offers the higher dividend yield (8.34% vs 3.62%). Black Stone Minerals L.P. converts more of its revenue into profit, with a net margin of 63.8% versus 15.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BSM | EXE |
|---|---|---|
| Share price | $14.62 | $88.12 |
| Market cap | $3.11B | $20.40B |
| 1-day change | -0.41% | -0.12% |
| YTD return | +10.46% | -20.15% |
| 1-year return | +8.66% | -19.16% |
| 5-year return | +19.84% | +40.43% |
| P/E ratio (TTM) | 12.18 | 7.60 |
| Forward P/E | 13.00 | 10.61 |
| EPS (TTM) | $1.20 | $11.60 |
| Dividend yield | 8.34% | 3.62% |
| Annual dividend | $1.22 | $3.19 |
| Revenue (latest FY) | $469.92M | $12.12B |
| Revenue growth (YoY) | +8.35% | +186.28% |
| Net income (latest FY) | $299.93M | $1.82B |
| Operating margin | 65.63% | 20.38% |
| Net margin | 63.83% | 15.00% |
| 52-week high | $15.49 | $126.62 |
| 52-week low | $12.32 | $83.25 |
| Distance from 52-week high | -5.62% | -30.41% |
| Analyst consensus | none | buy |
| Avg. price target upside | +9.44% | +39.83% |
| Average volume | 372.02K | 3.27M |
| Shares outstanding | 212.71M | 231.50M |
| Employees | — | 1,600 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Expand Energy is about 6.6 times larger than Black Stone Minerals L.P. by market value ($20.40B vs $3.11B).
- BSM has outperformed EXE by 27.8 percentage points over the past year.
- Black Stone Minerals L.P. trades at a higher earnings multiple (12.2x vs 7.6x trailing P/E).
- Black Stone Minerals L.P. offers a meaningfully higher dividend yield (8.34% vs 3.62%).
- Black Stone Minerals L.P. is more profitable, keeping 63.8 cents of every revenue dollar as net income versus 15.0 cents for Expand Energy.
- Expand Energy grew revenue faster in its latest fiscal year (+186.28% vs +8.35%).
About Black Stone Minerals L.P.
BSM stock →Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.
Energy · Oil & Gas Production
About Expand Energy
EXE stock →Expand Energy Corporation operates as an independent natural gas production company in the United States. The company engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids.
Energy · Oil & Gas Production · 1,600 employees
BSM vs EXE FAQ
Which is bigger, Black Stone Minerals L.P. or Expand Energy?
Expand Energy (EXE) is larger, with a market capitalization of $20.40B compared with $3.11B for Black Stone Minerals L.P. (BSM).
Which stock has performed better over the past year, BSM or EXE?
BSM returned +8.66% over the past 12 months, compared with -19.16% for EXE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BSM or EXE?
EXE has the lower trailing P/E at 7.6, versus 12.2 for BSM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Black Stone Minerals L.P. or Expand Energy?
Black Stone Minerals L.P. has the higher yield at 8.34%, compared with 3.62% for Expand Energy.
Are Black Stone Minerals L.P. and Expand Energy in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.