Black Stone Minerals, L.P. Announces Distribution Increase and Schedules Earnings Call to Discuss Fourth Quarter and Full-Year 2021 Results
February 02 2022 - 4:00PM
Business Wire
Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or
“the Company”) today declared the distribution attributable to the
fourth quarter of 2021. Additionally, the Partnership announced the
date of its fourth quarter and full-year 2021 earnings call.
Common Distribution
The Board of Directors of the general partner has approved a
cash distribution for common units attributable to the fourth
quarter of 2021 of $0.270 per unit. This represents an increase of
approximately 8% over the common distribution paid with respect to
the prior quarter and a 54% increase relative to the distribution
paid with respect to the fourth quarter of 2020. Distributions will
be payable on February 23, 2022 to unitholders of record on
February 16, 2022.
Earnings Conference Call
The Partnership is scheduled to release details regarding its
results for the fourth quarter and full-year 2021 after the close
of trading on February 21, 2022. A conference call to discuss these
results is scheduled for February 22, 2022 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
877-447-4732 for domestic participants and 615-247-0077 for
international participants. The conference ID for the call is
3336347. Call participants are advised to call in 10 minutes in
advance of the call start time.
A telephonic replay of the conference call will be available
approximately two hours after the call through March 24, 2022, at
855-859-2056 for domestic replay and 404-537-3406 for international
replay. The conference ID for the replay is 3336347.
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.
Information for Non-U.S. Investors
This press release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Although a portion of
Black Stone Minerals’ income may not be effectively connected
income and may be subject to alternative withholding procedures,
brokers and nominees should treat 100% of Black Stone Minerals’
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, Black Stone Minerals’ distributions to
non-U.S. investors are subject to federal income tax withholding at
the highest marginal rate, currently 37.0% for individuals.
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Black Stone Minerals, L.P. Contacts
Jeff Wood President and Chief Financial Officer
Evan Kiefer Vice President, Finance and Investor Relations
Telephone: (713) 445-3200
investorrelations@blackstoneminerals.com
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