Black Stone Minerals, L.P. Reports First Quarter Results
Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2024.
- Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Company") today announces its financial and operating results for the first quarter of 2024.
- Black Stone announced a distribution of $0.375 per unit with respect to the first quarter of 2024, representing a decrease of 21% from the common distribution paid for the fourth quarter of 2023.
- Thomas L. Carter, Jr., Black Stone Minerals’ Chairman, Chief Executive Officer and President, commented, "We previously announced the Company’s plan to decrease the first quarter 2024 distribution.
- Black Stone Minerals reported mineral and royalty volumes of 38.1 MBoe/d (75% natural gas) for the first quarter of 2024, compared to 38.9 MBoe/d for the fourth quarter of 2023 and 36.8 MBoe/d for the first quarter of 2023.