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Black Stone Minerals, L.P. — Third Quarter 2026 Earnings Summary

Black Stone Minerals, L.P. reported net income of $52.4 million and Adjusted EBITDA of $104.1 million for the third quarter of 2026. Mineral and royalty production averaged 34.5 million barrels of oil equivalent per day, representing a 6% increase from the prior quarter. The Partnership announced a quarterly distribution of $0.35 per common unit, a 9% increase from the previous quarter, supported by a distribution coverage ratio of 1.25x. Additionally, the company expanded its development footprint in the Shelby Trough through an amended agreement with Caturus Energy and continued acquiring mineral interests totaling $45.2 million during the quarter.

Company
BLACK STONE MINERALS LP
Sector
Energy
Industry
Oil & Gas E&P