Black Stone Minerals, L.P. Common Units (BSM) Q4 2024 Earnings Call Transcript

For the period ending December 31, 2024

February 25, 2024 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the Black Stone Minerals Fourth Quarter and Full Year 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Mark Meaux, Director of Finance. Please go ahead.

Mark Meaux

Thank you. Good morning to everyone. Thank you for joining us either by phone or online for Black Stone Minerals' fourth quarter and full year 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 2024 10-K.

We may refer to certain non-GAAP financial measures that we believe are useful in evaluating our performance. Reconciliation of these 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; Steve Putman, Senior Vice President and General Counsel; and Fowler Carter, Senior Vice President, Corporate Development.

I'll now turn the call over to Tom.

Thomas Carter

Good morning to everyone on the call and thank you for joining us today to discuss our fourth quarter and full year 2024 results, beginning -- before getting into those details, I want to congratulate Fowler Carter on his recent promotion to SVP of Corporate Development where he will continue to lead our acquisition program and work with Paul of the team on our ongoing long-term initiatives.