Black Stone Minerals, L.P. Maintains First Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Second Quarter 2024 Results

Rhea-AI Summary

Black Stone Minerals (NYSE: BSM) has announced its second quarter 2024 distribution and earnings call schedule. The company will maintain its quarterly cash distribution at $0.375 per common unit, payable on August 16, 2024, to unitholders of record on August 9, 2024. This distribution level remains unchanged from the first quarter of 2024.

BSM will release its second quarter 2024 results after market close on August 5, 2024, followed by an earnings conference call on August 6, 2024, at 9:00 a.m. Central time. The call will be broadcast live on the company's investor relations website, with dial-in options available for those wishing to ask questions.

Positive

• Maintained quarterly distribution of $0.375 per common unit
• Consistent distribution level compared to the previous quarter

Negative

• None.

Financial Analyst

Black Stone Minerals' decision to maintain its quarterly distribution at $0.375 per unit for Q2 2024 signals stability in the company's financial position and commitment to shareholder returns. This consistency is particularly noteworthy in the volatile energy sector.

The distribution yield, based on the current unit price, remains attractive compared to industry peers. However, investors should note that as a Master Partnership (MLP), BSM's tax treatment differs from traditional corporations, which may impact after-tax returns.

While the maintained distribution is positive, it's important to consider the broader context of BSM's performance. Factors such as commodity prices, production volumes and operating expenses will be key in assessing the sustainability of this distribution level. The upcoming earnings call on August 6th will be pivotal for investors to gain insights into these metrics and the company's outlook.

From a financial perspective, BSM's ability to maintain its distribution suggests confidence in its cash flow generation. However, prudent investors should closely monitor the distribution coverage ratio in the upcoming earnings report to ensure the payout remains well-supported by the company's operational performance.

Market Research Analyst

The maintained distribution by Black Stone Minerals reflects a broader trend in the energy sector, where companies are prioritizing stable returns to attract and retain investors in a market characterized by fluctuating commodity prices. This strategy aligns with the preferences of income-focused investors who value consistency.

However, it's worth noting that the energy landscape is evolving rapidly, with increasing focus on renewable sources and environmental concerns. BSM, as a mineral and royalty company, faces both opportunities and challenges in this changing environment. Investors should pay close attention to how the company is positioning itself for long-term sustainability in the face of potential shifts in energy demand.

The timing of the earnings call, scheduled early in August, suggests BSM is proactive in communicating with its stakeholders. This transparency can be viewed positively by the market. During the call, analysts and investors will likely focus on:

• Production volumes and realized prices
• Acquisition and divestiture activities
• Hedging strategies to mitigate price volatility
• Outlook on drilling activity in BSM's key areas of operation

These factors will be important in assessing BSM's ability to maintain its distribution in future quarters and its overall competitive position in the mineral rights sector.

HOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company”, or “the Partnership”) today declared the distribution attributable to the second quarter of 2024. Additionally, the Partnership announced the date of its second quarter earnings call.

Common Distribution

The Board of Directors of the general partner has approved a cash distribution for common units attributable to the second quarter of 2024 of $0.375 per unit. The $0.375 per unit maintains the distribution level with the first quarter of 2024. Distributions will be payable on August 16, 2024 to unitholders of record on August 9, 2024.

Earnings Conference Call

The Partnership is scheduled to release details regarding its results for the second quarter after the close of trading on August 5, 2024. A conference call to discuss these results is scheduled for August 6, 2024 at 9:00 a.m. Central time (10:00 a.m. Eastern time). The conference call will be broadcast live in listen-only mode on the Company’s investor relations website at www.blackstoneminerals.com. If you would like to ask a question, the dial-in number for the conference call is (800) 343-5419 for domestic participants and (203) 518-9731 for international participants. The conference ID for the call is BSMQ224. Call participants are advised to call in 10 minutes in advance of the call start time.

A replay of the conference call will be available approximately two hours after the call through a link on the Company’s investor relations website.

About Black Stone Minerals, L.P.

Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Company owns mineral interests and royalty interests in 41 states in the continental United States. Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240724104301/en/

Black Stone Minerals, L.P. Contacts

Taylor DeWalch

Senior Vice President, Chief Financial Officer, and Treasurer

Telephone: (713) 445-3200

investorrelations@blackstoneminerals.com

Source: Black Stone Minerals, L.P.

FAQ

What is Black Stone Minerals' (BSM) distribution for Q2 2024?

Black Stone Minerals (BSM) declared a cash distribution of $0.375 per common unit for the second quarter of 2024, maintaining the same level as the first quarter.

When will BSM pay its Q2 2024 distribution?

BSM will pay its second quarter 2024 distribution on August 16, 2024, to unitholders of record as of August 9, 2024.

When is Black Stone Minerals (BSM) releasing its Q2 2024 earnings?

Black Stone Minerals (BSM) will release its second quarter 2024 earnings results after the market closes on August 5, 2024.

When is BSM's Q2 2024 earnings conference call scheduled?

BSM's second quarter 2024 earnings conference call is scheduled for August 6, 2024, at 9:00 a.m. Central time (10:00 a.m. Eastern time).