Black Stone Minerals, L.P. Maintains Third Quarter Distribution for Common Units and Schedules Earnings Call to Discuss Third Quarter 2023 Results

Rhea-AI Summary

Black Stone Minerals, L.P. declares distribution for Q3 2023 and announces earnings call date.

Positive

• The Board of Directors approves a cash distribution of $0.475 per unit for common units in Q3 2023, maintaining the distribution level with Q2 2023.
• Distributions will be payable on November 16, 2023, to unitholders of record on November 9, 2023.
• The Partnership is scheduled to release details regarding its results for Q3 2023 after the close of trading on October 30, 2023.
• A conference call to discuss these results is scheduled for October 31, 2023, at 9:00 a.m. Central time.
• The conference call will be broadcast live on the Company's investor relations website.
• A replay of the conference call will be available on the Company's investor relations website.

Negative

• None.

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 third quarter of 2023. Additionally, the Partnership announced the date of its third quarter 2023 earnings call.

Common Distribution

The Board of Directors of the general partner has approved a cash distribution for common units attributable to the third quarter of 2023 of $0.475 per unit. The $0.475 per unit maintains the distribution level with the second quarter of 2023. Distributions will be payable on November 16, 2023 to unitholders of record on November 9, 2023.

Earnings Conference Call

The Partnership is scheduled to release details regarding its results for the third quarter of 2023 after the close of trading on October 30, 2023. A conference call to discuss these results is scheduled for October 31, 2023 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) 245-3047 for domestic participants and (203) 518-9708 for international participants. The conference ID for the call is BSMQ323. 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/20231018297878/en/

Evan Kiefer

Interim Chief Financial Officer and Treasurer

Telephone: (713) 445-3200

investorrelations@blackstoneminerals.com

Source: Black Stone Minerals, L.P.

FAQ

What is the cash distribution for common units in Q3 2023?

The cash distribution for common units in Q3 2023 is $0.475 per unit.

When will the distributions be payable?

The distributions will be payable on November 16, 2023.

When will the Partnership release details regarding its results for Q3 2023?

The Partnership will release details regarding its results for Q3 2023 after the close of trading on October 30, 2023.

When is the earnings call scheduled?

The earnings call is scheduled for October 31, 2023, at 9:00 a.m. Central time.

Where can I listen to the conference call?

The conference call can be listened to live on the Company's investor relations website.

Will there be a replay of the conference call?

Yes, a replay of the conference call will be available on the Company's investor relations website.