Black Stone Minerals LP (BSM) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.076 Hello, everyone. Thank you for joining us and welcome to Blackstone Minerals first quarter 00:00:05.076 -- 00:00:10.181 2026 earnings conference call. After today's prepared remarks, we will host 00:00:10.181 -- 00:00:15.286 a question and answer session. If you would like to ask a question, please press star 00:00:15.286 -- 00:00:20.030 one to raise your hand. To withdraw your question, press star one again. 00:00:20.030 -- 00:00:25.356 I will now hand the conference over to Natalie Liddell, Vice President, Corporate 00:00:25.356 -- 00:00:28.533 Planning. Natalie, please go ahead. 00:00:28.533 -- 00:00:32.841 Thank you. Good morning to everyone. Thank you for joining us for Blackstone Minerals' 00:00:32.841 -- 00:00:36.207 first quarter 2026 earnings conference call. 00:00:36.207 -- 00:00:40.536 Today's call is being recorded and will be available on our website along with the earnings 00:00:40.536 -- 00:00:44.844 release, which was issued last night. Before we start, I'd like to advise you that we 00:00:44.844 -- 00:00:49.513 will be making forward-looking statements during this call about our plans, expectations, 00:00:49.513 -- 00:00:52.540 and assumptions regarding our future performance. 00:00:52.540 -- 00:00:57.130 These statements involve risks that may cause our actual results to differ materially 00:00:57.130 -- 00:01:01.917 from the results expressed or implied in our forward-looking statements. 00:01:03.734 -- 00:01:07.579 the cautionary information about forward-looking statements in our press release from 00:01:07.579 -- 00:01:12.485 yesterday and the risk factors section of our 2025 10K. 00:01:12.485 -- 00:01:17.191 We may refer to certain non-GAAP financial measures that we believe are useful in evaluating 00:01:17....