News Release

HOUSTON--(BUSINESS WIRE)--Jul. 25, 2019-- Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “BSM,” or “the Partnership”) today declares the distribution attributable to the second quarter of 2019. Additionally, the Partnership announces the date of its second quarter of 2019 earnings call.

Common Distribution

The Board of Directors of the general partner (the "Board") has approved a cash distribution for common units attributable to the second quarter of 2019 of $0.37 per unit. Distributions will be payable on August 22, 2019 to unitholders of record on August 15, 2019.

Earnings Conference Call

The Partnership is scheduled to release details regarding its results for the second quarter of 2019 after the close of trading on August 5, 2019. A conference call to discuss these results is scheduled for August 6, 2019 at 9:00 a.m. Central time (10:00 a.m. Eastern time). Dial-in information for the call is provided below and call participants are advised to call in 10 minutes in advance of the call start time. A telephonic replay of the conference call will be available approximately two hours after the call through September 5, 2019.

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 in the continental United States. 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.

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/20190725005914/en/

Source: Black Stone Minerals, L.P.

Brent Collins
Vice President, Investor Relations
Telephone: (713) 445-3200
investorrelations@blackstoneminerals.com