Black Stone Minerals, L.P. Common Units (NYSE:BSM) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET

Company Participants

Mark Meaux - Director of Finance
Thomas Carter - Chairman, President and Chief Executive Officer
Taylor DeWalch - Senior Vice President and Chief Financial Officer

Conference Call Participants

Timothy Rezvan - KeyBanc Capital Markets Inc.

Operator

Hello, everyone, and thank you for joining us today for this Black Stone Minerals Q3 2024 Earnings Conference Call. As a reminder, all phone participants are in a listen-only mode, but later you will have the opportunity to ask questions during our question-and-answer session. Today's session is also being recorded.

And to get us started with opening remarks and introductions, I'm pleased to turn the floor to Director of Finance, Mr. Mark Meaux. Please go ahead, sir.

Mark Meaux

Thank you, operator. Good morning to everyone. Thank you for joining us either by phone or online for Black Stone Minerals third quarter 2024 earnings conference call.

Today's call is being recorded and will be available on our website along with the earnings release which was issued last night. Before we start, I'd like to advise you that we will be making forward-looking statements during this call about our plans, expectations and assumptions regarding our future performance. These statements involve risks that may cause our actual results to differ materially from the results expressed or implied in our forward-looking statements. For a discussion of these risks, you should refer to the cautionary information about forward-looking statements in our press release from yesterday and the Risk Factors section of our 2023 10-K.

We may refer to certain non-GAAP financial measures that we believe are useful in evaluating our performance. Reconciliation of those measures to the most directly comparable GAAP measure and other information about these non-GAAP metrics are described in our earnings press release from yesterday, which can be found on our website at www.blackstoneminerals.com.

Joining me on the call from the Company are Tom Carter, Chairman, CEO and President; Taylor DeWalch, Senior Vice President, Chief Financial Officer and Treasurer; Carrie Clark, Senior Vice President, Chief Commercial Officer; and Steve Putman, Senior Vice President and General Counsel.

I'll now turn the call over to Tom.

Thomas Carter

Thanks, Mark. Good morning, and thanks for joining us today. We had a successful third quarter and as previously announced, maintained our consistent distribution despite a decrease in production from last quarter, driven by volatility in the natural gas area throughout the year.