Black Stone Minerals, L.P. Announces Distribution Increase and Schedules Earnings Call to Discuss Second Quarter 2022 Results
July 25 2022 - 4:30PM
Business Wire
Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or
“the Company”) today declared the distribution attributable to the
second quarter of 2022. Additionally, the Partnership announced the
date of its second quarter 2022 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 2022 of $0.42 per unit. This represents an increase of
5% over the common distribution paid with respect to the prior
quarter and an increase of 68% over the common distribution paid
with respect to the second quarter of 2021. Distributions will be
payable on August 19, 2022 to unitholders of record on August 12,
2022.
Earnings Conference Call
The Partnership is scheduled to release details regarding its
results for the second quarter 2022 after the close of trading on
August 1, 2022. A conference call to discuss these results is
scheduled for August 2, 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 (888) 672-2415 for
domestic participants and (646) 307-1952 for international
participants. The conference ID for the call is 2386291. 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.
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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version on businesswire.com: https://www.businesswire.com/news/home/20220725005745/en/
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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