Black Stone Minerals Lifts Quarterly Distribution 9% to $0.35 Per Unit
BSM sits 16% above its 52-week low of $12.63.
Summary
Black Stone raised its Q3 common distribution to $0.35 per unit, roughly 9% above last quarter's payout and about 17% above the $0.30 paid for Q1 2026. Payable November 13 to holders of record November 6. This extends the distribution growth story from Q2, when the partnership hiked its payout 7% alongside a 20% adjusted EBITDA beat ($91.3M vs. $76M consensus). Co-CEO Taylor DeWalch credited strong business performance and a constructive commodity price environment while pointing to maintained coverage and financial flexibility. Q3 results land after the close on November 2, with the call the morning of November 3 — that's where coverage and volume trends get tested against the higher payout.
At the time of this announcement, BSM was trading at $14.59 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $12.63 to $15.49. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.