Black Stone Minerals reports Q3 distributable EPS 40c, consensus 29c

Reports Q3 revenue $132.47M, consensus $103.99M. Carin Barth, BSM‘s lead director, remarked, “On behalf of the Board of Directors, I am excited to announce these promotions with full confidence in the continued stewardship of Black Stone and our strategy to focus on organic growth and to maintain financial discipline for the benefit of our unitholders. We are incredibly grateful to Tom for his visionary and steadfast leadership since Black Stone’s founding and look forward to his continued guidance in his role as Executive Chairman. Fowler’s and Taylor’s complementary skill sets in the co-CEO role will undoubtedly provide unified leadership for BSM to maintain its strong track record as a leader in the oil and gas minerals industry. Finally, we are excited to appoint Chris to CFO, where Black Stone will continue to benefit from his leadership and commitment to excellence.”