BSM · Black Stone Minerals, L.P. · Investor Relations

Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Partnership”) today declared the distribution attributable to the third quarter of 2026. Additionally, the Partnership announced the date of its third quarter 2026 earnings call. Common Distribution The Board of Directors of Black Stone’s general partner has approved a cash distribution of $0.35 per common unit attributable to the third quarter of 2026. This represents an increase of approximately 9% over the common distribution paid with respect to the prior quarter and approximately 17% from the $0.30 per unit distribution paid with respect to the first quarter of 2026. Distributions will be payable on November 13, 2026, to unitholders of record on November 6, 2026. Taylor DeWalch, Black Stone’s Co-CEO and President, commented, “We are pleased to announce another increase in our distribution to common unitholders, reflecting continued strong performance across our business and a constructive commodity price

Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Partnership") today announces its financial and operating results for the second quarter of 2026. Financial and Operational Highlights Net income for the second quarter was $106.4 million, and Adjusted EBITDA for the quarter totaled $91.3 million. Distributable cash flow was $80.4 million for the second quarter. Mineral and royalty production for the second quarter of 2026 equaled 32.5 MBoe/d, a decrease of 9% from the prior quarter; total production, including working-interest volumes, was 33.5 MBoe/d for the quarter. Black Stone announced a distribution attributable to the second quarter of 2026 of $0.32 per unit or $1.28 annualized, a 7% increase over the prior quarter. Distribution coverage for all units was 1.18x. Total debt at the end of the second quarter was $196.0 million; as of July 31, 2026, total debt was $168.0 million with $1.9 million of cash on hand. Management Commentary "The