Black Stone Minerals Executive Chairman Thomas Carter Buys $686,290 of Stock
The purchase, at $13.7258 a share, lifted his direct holdings to 3,732,724 shares after the trade.
Key points
- Carter bought 50,000 shares on Nov. 9, 2026, at $13.7258, totaling $686,290
- He held 3,732,724 shares directly after the purchase
- Stock rose 2.3% to $13.98 on Nov. 11, versus a 1.3% gain for the S&P 500 ETF
- Q3 revenue rose 23% to $129.9 million; net income fell 47% to $45.0 million
Executive Chairman and director Thomas L. Carter Jr. bought $686,290 of Black Stone Minerals, L.P. (NYSE: BSM) stock, according to a Form 4 filing with the Securities and Exchange Commission that was disclosed Tuesday, Nov. 10, 2026.
The purchase
Carter bought 50,000 shares on Monday, Nov. 9, 2026, at $13.7258 a share, a price that was the same for every share in the trade. The filing shows he held 3,732,724 shares directly after the purchase. The filing was submitted at 5:16 p.m. ET.
Price and company scale
The stock closed at $13.67 on Tuesday, Nov. 10, and over the 20 sessions to that close it fell 6.2%. In the next session, Wednesday, Nov. 11, the stock rose 2.3% to close at $13.98, while the S&P 500 ETF gained 1.3%.
Black Stone Minerals reported revenue of $129.9 million for the quarter ended Sept. 30, up 23% from a year earlier, while operating income fell 40% to $56.2 million. Net income to common shareholders was $45.0 million, down 47%. The company held $5.5 million in cash and equivalents as of Sept. 30.
Recent filings
The company filed a 10-Q seven days before the purchase was disclosed, and an 8-K with results of operations eight days earlier.
Sources
Written with AI from insiders' Form 4 filings with the SEC and our market data, and checked against those sources before publishing. Our editorial standards.
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More on Black Stone Minerals, L.P.
BSM page →Filings, figures and price history are on the Black Stone Minerals, L.P. page.