Black Stone Minerals Declares $0.20 Quarterly Distribution
Ticker: BSMLP · Form: 8-K · Filed: Jun 18, 2024 · CIK: 1621434
| Field | Detail |
|---|---|
| Company | Black Stone Minerals, L.P. (BSMLP) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $601,775, $33,333.33 |
| Sentiment | bullish |
Sentiment: bullish
Topics: distribution, board-election, officer-appointment
Related Tickers: BSM
TL;DR
BSM is paying out $0.20/unit on June 27th, record date June 20th. Board also approved director elections.
AI Summary
Black Stone Minerals, L.P. announced on June 13, 2024, that its Board of Directors has approved a quarterly cash distribution of $0.20 per unit for the first quarter of 2024. This distribution is payable on June 27, 2024, to unitholders of record as of June 20, 2024. The company also reported on the election of directors and the appointment of certain officers.
Why It Matters
This distribution provides a direct cash return to unitholders, reflecting the company's financial performance and its commitment to returning capital. It also signals ongoing operational stability and management confidence.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate actions like dividend declarations and director elections, with no significant negative financial or operational news.
Key Numbers
- $0.20 — Quarterly Cash Distribution (Per unit for Q1 2024)
Key Players & Entities
- Black Stone Minerals, L.P. (company) — Registrant
- $0.20 (dollar_amount) — Quarterly cash distribution per unit
- June 13, 2024 (date) — Date of Board approval
- June 27, 2024 (date) — Payment date for distribution
- June 20, 2024 (date) — Record date for distribution
FAQ
What is the amount of the quarterly cash distribution declared by Black Stone Minerals, L.P.?
The Board of Directors approved a quarterly cash distribution of $0.20 per unit for the first quarter of 2024.
When will the declared distribution be paid to unitholders?
The distribution is scheduled to be paid on June 27, 2024.
Who is eligible to receive the quarterly distribution?
Unitholders of record as of June 20, 2024, are eligible to receive the distribution.
What other corporate actions were reported in this 8-K filing?
The filing also reported on the election of directors and the appointment of certain officers, as well as compensatory arrangements of certain officers.
What is the fiscal year end for Black Stone Minerals, L.P.?
The fiscal year end for Black Stone Minerals, L.P. is December 31.
Filing Stats: 1,309 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2024-06-17 20:27:30
Key Financial Figures
- $601,775 — l Partner: a lump sum cash payment of $601,775; for a period of up to 12 months (or
- $33,333.33 — Kiefer will be compensated at a rate of $33,333.33 per complete calendar month, pro-rated
Filing Documents
- d834624d8k.htm (8-K) — 56KB
- d834624dex101.htm (EX-10.1) — 48KB
- 0001193125-24-162812.txt ( ) — 244KB
- bsm-20240613.xsd (EX-101.SCH) — 3KB
- bsm-20240613_lab.xml (EX-101.LAB) — 18KB
- bsm-20240613_pre.xml (EX-101.PRE) — 11KB
- d834624d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 10.1 Separation Agreement and General Release of Claims, dated as of June 14, 2024, by and among Evan Kiefer, Black Stone Natural Resources Management Company, and Black Stone Minerals GP, L.L.C. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLACK STONE MINERALS, L.P. By: Black Stone Minerals GP, L.L.C., its general partner Date: June 17, 2024 By: /s/ Steve Putman Steve Putman Senior Vice President, General Counsel, and Secretary