Black Stone Minerals, L.P. Common Units (BSM) September 2025 Investor Presentation Call

Operator

Hello, and welcome to the Black Stone Minerals September 2025 Investor Presentation. [Operator Instructions] I would now like to turn the conference over to Mark Meaux, Director of Finance. You may begin.

Mark Meaux
Director of Finance

Thank you. Good morning to everyone. Thank you for joining us either by phone or online for the Black Stone Minerals September 2025 Investor Presentation. Today’s call is being recorded and will be available on our website along with the presentation that was posted 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 presentation and to 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 the most directly comparable GAAP measure and other information about these non-GAAP metrics are described in