
Black Stone Minerals, L.P. (NYSE:BSM) (&#34;Black Stone,&#34; &#34;BSM,&#34; or &#34;the Partnership&#34;) today declared the distribution attributable to the second quarter of 2026. Additionally, the Partnership

<p xmlns="http://www.w3.org/1999/xhtml">
Black Stone Minerals, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BSM">BSM</a>) ("Black Stone," "BSM," or "the Partnership") today declared the distribution attributable to the second quarter of 2026. Additionally, the Partnership announced the date of its second quarter 2026 earnings call.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Common Distribution</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Board of Directors of the general partner has approved a cash distribution of $0.32 per common unit attributable to the second quarter of 2026. This represents an increase of approximately 7% over the common distribution paid with respect to the prior quarter. Distributions will be payable on August 13, 2026, to unitholders of record on August 6, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Taylor DeWalch, Black Stone’s Co-CEO and President, commented, "We are pleased to announce an increase in our distribution to common 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. We look forward to discussing our quarterly results on the earnings call on August 4."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Earnings Conference Call</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Partnership is scheduled to release details regarding its results for the second quarter 2026 after the close of trading on August 3, 2026. A conference call to discuss these results is scheduled for August 4, 2026, 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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.blackstoneminerals.com&amp;esheet=54575275&amp;newsitemid=20260722740100&amp;lan=en-US&amp;anchor=https%3A%2F%2Finvestor.blackstoneminerals.com&amp;index=1&amp;md5=0af231abd9c82eb658c5e5fc276cf1cd" shape="rect">https://investor.blackstoneminerals.com</a>. If you would like to ask a question, the dial-in number for the conference call is (833) 461-5787 for domestic participants and (585) 542-9983 for international participants. The conference ID for the call is 230 377 830. Call participants are advised to call in 10 minutes in advance of the call start time.

</p><p xmlns="http://www.w3.org/1999/xhtml">
A replay of the conference call will be available approximately two hours after the call through a link on the Partnership’s investor relations website.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Black Stone Minerals, L.P.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260722740100r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260722740100/en/" rel="nofollow">https://www.businesswire.com/news/home/20260722740100/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Black Stone Minerals, L.P. Contacts</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Chris Bonner
<br xmlns="http://www.w3.org/1999/xhtml"></br>Senior Vice President, Chief Financial Officer, and Treasurer
<br xmlns="http://www.w3.org/1999/xhtml"></br>Telephone: (713) 445-3200
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investorrelations@blackstoneminerals.com" shape="rect">investorrelations@blackstoneminerals.com</a>

</p>

Black Stone Minerals, L.P. Announces Distribution Increase and Schedules Earnings Call to Discuss Second Quarter 2026 Results

Black Stone Minerals raises Q2 distribution to $0.32, outlines Aug 4 earnings call

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Black Stone Minerals, L.P. (NYSE:BSM) (&amp;#34;Black Stone,&amp;#34; &amp;#34;BSM,&amp;#34; or &amp;#34;the Partnership&amp;#34;) today declared the distribution attributable to the second quarter of 2026. Additionally, the Partnership</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Black Stone Minerals declared a Q2 2026 cash distribution of $0.32 per common unit, about 7% higher than the prior quarter, with payment due August 13 and record date August 6. The company cited robust operations and a constructive commodity price backdrop, and affirmed the August 4 earnings call to discuss results.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Q2 2026 cash distribution set at $0.32/unit. Up ~7% QoQ.</li><li>Distributions payable August 13; record date August 6.</li><li>Earnings call scheduled for August 4, 2026 after the close.</li><li>Co-CEO Taylor DeWalch cites robust performance and constructive commodity environment.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Black Stone Minerals, L.P. (BSM)</strong>: Announced Q2 2026 distribution increase to $0.32; Aug 4 earnings call implies continued focus on cash flow and yield.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments: The press release centers on a dividend change and an earnings call, signaling capital-allocation discipline and ongoing cash-flow strength within Black Stone&#039;s asset base.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>7% QoQ distribution increase boosts yield baseline for BSM units.</li><li>Earnings call on Aug 4 could validate cash-flow coverage outlook.</li><li>Company highlights constructive commodity price environment supporting cash flows.</li><li>Long-lived mineral/royalty assets suggest stable, growing cash flow.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Q2 2026 common distribution: $0.32 per unit.</li><li>Distribution increase: ~7% versus prior quarter.</li><li>Payable date: August 13, 2026.</li><li>Record date: August 6, 2026.</li><li>Earnings call: August 4, 2026 at 9:00 CT / 10:00 ET.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish near-term on higher yield; potential upside around the Aug 4 results.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Black Stone Minerals, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BSM">BSM</a>) ("Black Stone," "BSM," or "the Partnership") today declared the distribution attributable to the second quarter of 2026. Additionally, the Partnership announced the date of its second quarter 2026 earnings call.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Common Distribution</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Board of Directors of the general partner has approved a cash distribution of $0.32 per common unit attributable to the second quarter of 2026. This represents an increase of approximately 7% over the common distribution paid with respect to the prior quarter. Distributions will be payable on August 13, 2026, to unitholders of record on August 6, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Taylor DeWalch, Black Stone’s Co-CEO and President, commented, "We are pleased to announce an increase in our distribution to common 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. We look forward to discussing our quarterly results on the earnings call on August 4."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Earnings Conference Call</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Partnership is scheduled to release details regarding its results for the second quarter 2026 after the close of trading on August 3, 2026. A conference call to discuss these results is scheduled for August 4, 2026, 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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.blackstoneminerals.com&amp;esheet=54575275&amp;newsitemid=20260722740100&amp;lan=en-US&amp;anchor=https%3A%2F%2Finvestor.blackstoneminerals.com&amp;index=1&amp;md5=0af231abd9c82eb658c5e5fc276cf1cd" shape="rect">https://investor.blackstoneminerals.com</a>. If you would like to ask a question, the dial-in number for the conference call is (833) 461-5787 for domestic participants and (585) 542-9983 for international participants. The conference ID for the call is 230 377 830. Call participants are advised to call in 10 minutes in advance of the call start time.

</p><p xmlns="http://www.w3.org/1999/xhtml">
A replay of the conference call will be available approximately two hours after the call through a link on the Partnership’s investor relations website.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Black Stone Minerals, L.P.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260722740100r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260722740100/en/" rel="nofollow">https://www.businesswire.com/news/home/20260722740100/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Black Stone Minerals, L.P. Contacts</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Chris Bonner
<br xmlns="http://www.w3.org/1999/xhtml"></br>Senior Vice President, Chief Financial Officer, and Treasurer
<br xmlns="http://www.w3.org/1999/xhtml"></br>Telephone: (713) 445-3200
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investorrelations@blackstoneminerals.com" shape="rect">investorrelations@blackstoneminerals.com</a>

</p>

Black Stone Minerals declared a Q2 2026 cash distribution of $0.32 per common unit, about 7% higher than the prior quarter, with payment due August 13 and record date August 6. The company cited robust operations and a constructive commodity price backdrop, and affirmed the August 4 earnings call to discuss results.

News insight

Black Stone Minerals, L.P. Announces Distribution Increase and Schedules Earnings Call to Discuss Second Quarter 2026 Results

AI summary

Sentiment rationale

Key facts

Corporate Developments