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HOUSTON--(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.
black stone minerals is the largest publicly traded mineral and royalty company in the united states. our interests include approximately 18 million gross acres in over 40 states. our principal business is maximizing the value of our existing portfolio of mineral and royalty assets through active management and expanding our asset base through acquisitions of additional mineral and royalty interests. we maximize value through the marketing of our mineral assets for lease, creative structuring of those leases to encourage and accelerate drilling activity, and selectively participating alongside our lessees on a working-interest basis. our primary business objective is to grow our reserves, production, and cash generated from operations over the long term. we are headquartered in houston, tx.
