Black Stone Minerals, L.P. Declares Increased Distribution for Common & Subordinated Units; Schedules Earnings Call for Third...
29 10월 2018 - 7:00PM
Business Wire
Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,”
“BSM,” or “the Partnership”) today declares the distribution
attributable to the third quarter of 2018 and announces the date of
its third quarter of 2018 earnings call.
Common and Subordinated Distributions
The Board of Directors of the general partner (the "Board") has
approved cash distributions attributable to the third quarter of
2018 of $0.37 per unit for both common and subordinated units. This
represents an approximate 10% increase to the distribution for
common and subordinated unitholders from the previous quarter and
an 18% increase to the common distribution paid with respect to the
third quarter of 2017. Distributions will be payable on November
21, 2018 to unitholders of record on November 14, 2018.
Thomas L. Carter, Jr., Black Stone Minerals’ Chief Executive
Officer and Chairman, commented, “We are pleased to announce
another meaningful increase in our distribution to common and
subordinated unitholders while maintaining a reasonable amount of
distribution coverage. This increase is driven by continued robust
performance in our business and a constructive commodity price
environment, and we believe we will be able to further increase the
distribution in coming periods. We look forward to discussing our
quarterly results on the earnings call on November 6th.”
Earnings Conference Call
The Partnership is scheduled to release details regarding its
results for the third quarter of 2018 after the close of trading on
November 5, 2018. A conference call to discuss these results is
scheduled for November 6, 2018 at 9:00 a.m. Central time (10:00
a.m. Eastern time). Dial-in information is provided below. A
telephonic replay of the conference call will be available
approximately two hours after the call through December 7,
2018.
Call Type
Phone
Number
Conference
ID
Domestic participant 1-877-447-4732 6485996 Domestic replay
1-855-859-2056 6485996 International participant 1-615-247-0077
6485996 International replay 1-404-537-3406 6485996
The conference call will be webcast live and can be accessed
through the Investors section of BSM’s website at
www.blackstoneminerals.com.
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 Partnership
owns mineral interests and royalty interests in 41 states and 64
onshore basins in the continental United States. The Partnership
also owns and selectively participates as a non-operating working
interest partner in established development programs, primarily on
its mineral and royalty holdings. The Partnership expects that its
large, diversified asset base and long-lived, non-cost-bearing
mineral and royalty interests will result in production and reserve
growth, as well as increasing quarterly distributions to its
unitholders.
Forward-Looking Statements
This news release includes forward-looking statements. All
statements, other than statements of historical facts, included in
this news release that address activities, events, or developments
that the Partnership expects, believes, or anticipates will or may
occur in the future are forward-looking statements. Terminology
such as "will," "may," "should," "expect," "anticipate," "plan,"
"project," "intend," "estimate," "believe," "target," "continue,"
"potential," the negative of such terms, or other comparable
terminology often identify forward-looking statements. Except as
required by law, Black Stone Minerals undertakes no obligation, and
does not intend, to update these forward-looking statements to
reflect events or circumstances occurring after this news release.
You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
news release. All forward-looking statements are qualified in their
entirety by these cautionary statements. These forward-looking
statements involve risks and uncertainties, many of which are
beyond the control of Black Stone Minerals, which may cause the
Partnership’s actual results to differ materially from those
implied or expressed by the forward-looking statements.
Important factors that could cause actual results to differ
materially from those in the forward-looking statements include,
but are not limited to, those summarized below:
- the Partnership’s ability to execute
its business strategies;
- the volatility of realized oil and
natural gas prices;
- the level of production on the
Partnership’s properties;
- regional supply and demand factors,
delays, or interruptions of production;
- the Partnership’s ability to replace
its oil and natural gas reserves; and
- the Partnership’s ability to identify,
complete, and integrate acquisitions.
For an important discussion of risks and uncertainties that may
impact our operations, see our annual and quarterly filings with
the Securities and Exchange Commission, which are available on our
website.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181029005092/en/
Black Stone Minerals, L.P.Brent Collins, (713)
445-3200Vice President, Investor
Relationsinvestorrelations@blackstoneminerals.com
Black Stone Minerals (NYSE:BSM)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Black Stone Minerals (NYSE:BSM)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024