
Q3: 2025-11-03 Earnings Summary
EPS of $0.30 beats by $0.01
| Revenue of $132.47M (-1.77% Y/Y) beats by $28.48M
Black Stone Minerals, L.P. Common Units (BSM) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST
Company Participants
Mark Meaux - Director of Finance Tom Carter - President, CEO & Chairman of the Board of Black Stone Minerals GP L.L.C Fowler Carter - SVP of Corporate Development of Black Stone Minerals GP L.L.C. Taylor DeWalch - Senior VP, Treasurer & CFO of Black Stone Minerals GP L.L.C.
Conference Call Participants
John Annis - Texas Capital Securities, Research Divisi…

Q3: 2025-11-03 Earnings Summary
EPS of $0.30 beats by $0.01
| Revenue of $132.47M (-1.77% Y/Y) beats by $28.48M
Black Stone Minerals, L.P. Common Units (BSM) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST
Company Participants
Mark Meaux - Director of Finance Tom Carter - President, CEO & Chairman of the Board of Black Stone Minerals GP L.L.C Fowler Carter - SVP of Corporate Development of Black Stone Minerals GP L.L.C. Taylor DeWalch - Senior VP, Treasurer & CFO of Black Stone Minerals GP L.L.C.
Conference Call Participants
John Annis - Texas Capital Securities, Research Division Timothy Rezvan - KeyBanc Capital Markets Inc., Research Division
Presentation
Operator
Thank you for standing by. My name is Van and I will be your conference operator today. At this time, I would like to welcome everyone to Black Stone Minerals Third Quarter 2025 Earnings Conference Call. [Operator Instructions]
I will now turn the call over to Mark Meaux, Director of Finance. You may now begin, sir.
Mark Meaux Director of Finance
Thank you. Good morning to everyone. Thank you for joining us either by phone or online for Black Stone Minerals Third Quarter 2025 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 those measures to