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Stock impact report

Black Stone Minerals, L.P. Declares Distribution for Common Units and Schedules Earnings Call to Discuss Fourth Quarter and Full Year 2019 Results

Black Stone Minerals, L.P. Common units representing limited partner interests (BSM) 
NASDAQ:AMEX Investor Relations: investor.blackstoneminerals.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “BSM,” or “the Partnership”) today declares the distribution attributable to the fourth quarter of 2019. Additionally, the Partnership announces the date of its fourth quarter and full year of 2019 earnings call.Common DistributionThe Board of Directors of the general partner (the "Board") has approved a cash distribution for common units attributable to the fourth quarter of 2019 of $0.30 per unit. Distributions will be payable on February 24, 2020 to unitholders of record on February 17, 2020. Distribution coverage for the quarter is expected to be in excess of 1.4 times.Thomas L. Carter, Jr., Black Stone Minerals’ Chief Executive Officer and Chairman, commented, "We are taking a proactive approach to strengthen our balance sheet and enhance our financial flexibility with the expectation that 2020 may be a challenging year in terms of commodity prices and overall drilling activity. Given th Show less Read more
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