Black Stone Minerals LP (BSM) Q1 2025 Earnings Call

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WEBVTT 00:00:00.115 -- 00:00:04.839 Thank you for standing by. My name is Demi and I'll be your conference operator today. 00:00:04.839 -- 00:00:09.363 At this time, I would like to welcome everyone to the Blackstone Minerals first quarter 00:00:09.363 -- 00:00:14.368 2025 earnings conference call. All lines have been placed on mute to prevent 00:00:14.368 -- 00:00:18.431 any background noise. After the speaker's remarks, there will be a question and answer 00:00:18.431 -- 00:00:22.875 session. If you would like to ask a question during this time, simply press star followed 00:00:22.875 -- 00:00:25.618 by the number one on your telephone keypad. 00:00:25.618 -- 00:00:30.121 I would now like to turn the conference over to Mark Moe, Director of Finance. 00:00:30.121 -- 00:00:31.944 Please go ahead. 00:00:31.944 -- 00:00:34.127 Thank you, operator. Good morning to everyone. 00:00:34.127 -- 00:00:38.713 Thank you for joining us either by phone or online for Blackstone Minerals first quarter 00:00:38.713 -- 00:00:43.780 2025 earnings conference call. Today's call is being recorded and will be available on 00:00:43.780 -- 00:00:48.065 our website on the earnings release, which was issued last night. 00:00:48.065 -- 00:00:52.371 Before we start, I'd like to advise you that we will be making forward looking statements 00:00:52.371 -- 00:00:57.811 during this call about our plans, expectations and assumptions regarding our future performance. 00:00:57.811 -- 00:01:02.716 These statements involve risks that may cause our actual results to differ materially 00:01:02.716 -- 00:01:06.721 from the results expressed or implied in our forward-looking statements. 00:01:06.721 -- 00:01:12.167 For discussion of these risks, you should refer to the cautionary information about forward-l...