Black Stone Minerals, L.P. Announces Distribution Increase, New Sustainability Initiative, and Timing of Earnings Call to Discuss Second Quarter 2021 Results - Seite 2

Mr. Carter commented, “This new initiative, while modest in scale, is in recognition that we all need to do our part to lower our carbon footprint. As a minerals company, we have limited ways to directly impact emissions. This program builds on the positive environmental impact of supporting solar power generation on certain of our mineral acreage and further promotes our environmental stewardship by using those proceeds to offset emissions from one of our core areas.”

Earnings Conference Call

The Company is scheduled to release details regarding its results for the second quarter of 2021 after the close of trading on August 2, 2021. A conference call to discuss these results is scheduled for August 3, 2021 at 9:00 a.m. Central time (10:00 a.m. Eastern time). The conference call will be broadcast live in listen-only mode on the company’s investor relations website at www.blackstoneminerals.com. If you would like to ask a question, the dial-in number for the conference call is 877-447-4732 for domestic participants and 615-247-0077 for international participants. The conference ID for the call is 5597384. Call participants are advised to call in 10 minutes in advance of the call start time.

A telephonic replay of the conference call will be available approximately two hours after the call through September 2, 2021, at 855-859-2056 for domestic replay and 404-537-3406 for international replay. The conference ID for the replay is 5597384.

About Black Stone Minerals, L.P.

Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Company owns mineral interests and royalty interests in 41 states in the continental United States. Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.

Information for Non-U.S. Investors

This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Although a portion of Black Stone Minerals’ income may not be effectively connected income and may be subject to alternative withholding procedures, brokers and nominees should treat 100% of Black Stone Minerals’ distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Black Stone Minerals’ distributions to non-U.S. investors are subject to federal income tax withholding at the highest marginal rate, currently 37.0% for individuals.