Black Stone Minerals LP announced on Feb. 1 a cash distribution for common units attributable to third quarter 2022 at $0.475 per unit, an increase of 5% from the prior quarter and the company’s fifth consecutive quarterly increase.
$0.475 per unit is at a 76% increase compared to the common distribution paid for fourth quarter 2021.
The distributions will be payable on Feb. 23 to unitholders on record as of Feb. 16.
Fourth quarter and full-year 2022 results will be released on Feb. 21 after the close of trading, with a live conference call on Black Stone’s investor relations website the following day on Feb. 22 at 9:00 a.m. CT.
Based in Houston, Black Stone Minerals owns oil and natural gas mineral assets and royalty interests in 41 states in the U.S.
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