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Dorchester Minerals LP - DMLP STOCK NEWS

Welcome to our dedicated page for Dorchester Minerals LP news (Ticker: DMLP), a resource for investors and traders seeking the latest updates and insights on Dorchester Minerals LP stock.

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded Delaware limited partnership that commenced operations on January 31, 2003. The company resulted from the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P., and Spinnaker Royalty Company, L.P. Based in Dallas, Texas, Dorchester Minerals specializes in the acquisition, ownership, and administration of royalty properties and net profits interests (NPIs).

Operating as the owner of both producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests, Dorchester Minerals has a widespread presence with leasehold interests in approximately 592 counties and parishes across 28 states. The company generates revenue primarily from royalties, net profits interests, and lease bonuses, offering a distinctive investment opportunity in the energy sector.

Dorchester's common units are listed on the NASDAQ Global Select Market under the symbol DMLP. The company’s executive offices are located at 3838 Oak Lawn Avenue, Suite 300, Dallas, Texas, 75219-4541. You can reach them at (214) 559-0300. For more information, Dorchester maintains an extensive online presence at www.dmlp.net, where investors can access the latest annual meeting presentations, current filings, and other pertinent details.

In the most recent quarterly report, Dorchester Minerals announced a net income of $19,804,000, or $0.50 per common unit, for the quarter ended June 30, 2023. This reflects the company's robust financial health and proactive management in navigating the volatile energy market.

With a strong history and a strategic focus on maximizing the value of its diversified mineral and royalty interests, Dorchester Minerals remains a significant player in the oil and gas industry, committed to delivering consistent returns to its stakeholders.

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Dorchester Minerals reported strong financial results for Q3 2024, with net income reaching $36,413,000 ($0.87 per common unit), up from $29,463,000 ($0.73 per unit) in Q3 2023. Operating revenues increased to $53,472,000 from $42,594,000 year-over-year. The company declared a Q2 distribution of $0.995785 per common unit, payable November 7, 2024. For the nine months ended September 30, 2024, net income was $78,208,000 ($1.89 per unit) compared to $77,337,000 ($1.94 per unit) in 2023.

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Dorchester Minerals, L.P. (NASDAQ: DMLP) has announced the appointment of Mr. F. Damon Box to the board of managers of the general partner of their general partner, effective October 15, 2024. Mr. Box brings nearly 25 years of experience in corporate finance, mergers and acquisitions, capital markets, and energy investments. He is currently a partner at Carrollton Mineral Partners, L.P. and was previously a managing director in the energy investment banking division at Piper Sandler Companies.

Casey McManemin, Chairman of the Board, expressed pleasure in welcoming Mr. Box, citing his broad energy experience as an asset for achieving the Partnership's strategic goals. Dorchester Minerals, L.P. is a Dallas-based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states. The Partnership's common units trade on the NASDAQ Global Select Market under the symbol DMLP.

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Dorchester Minerals, L.P. (NASDAQ: DMLP) has successfully completed two acquisitions of mineral, royalty, and overriding royalty interests. Both transactions were structured as non-taxable contribution and exchanges. In one deal, the Partnership issued 6,721,144 common units to the contributing entities. In a separate transaction, 530,000 common units were issued to another contributing entity. Dorchester Minerals is a Dallas-based owner of producing and non-producing oil and natural gas interests across 28 states. The company's common units are traded on the NASDAQ Global Select Market under the symbol DMLP.

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Dorchester Minerals, L.P. (NASDAQ: DMLP) has announced two significant acquisitions of mineral, royalty, and overriding royalty interests. The first agreement, signed on September 12, 2024, involves acquiring approximately 14,529 net royalty acres across 14 counties in New Mexico and Texas, with 65% located in the Delaware Basin and 35% in the Midland Basin. This acquisition will be completed through a non-taxable exchange of 6,721,144 common units of DMLP.

The second agreement, signed on September 4, 2024, involves acquiring 1,204 net royalty acres in Weld County, Colorado, in exchange for 530,000 common units of DMLP. Both acquisitions are expected to close on September 30, 2024, subject to customary conditions. These strategic moves significantly expand DMLP's portfolio of oil and natural gas interests across multiple states.

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Dorchester Minerals, L.P. (NASDAQ: DMLP) has reported its financial results for the second quarter of 2024. The Partnership's net income reached $23,628,000, or $0.57 per common unit, showing an increase from the same period in 2023. Operating revenues for Q2 2024 were $37,360,000, up from $30,619,000 in Q2 2023.

The Partnership declared a second quarter distribution of $0.702058 per common unit, payable on August 8, 2024. For the six months ended June 30, 2024, net income was $41,795,000, slightly lower than the $47,874,000 reported for the same period in 2023. Dorchester Minerals owns producing and non-producing oil and natural gas interests across 28 states.

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Dorchester Minerals, L.P. (NASDAQ:DMLP) has announced its second quarter 2024 cash distribution of $0.702058 per common unit, payable on August 8, 2024, to unitholders of record as of July 29, 2024. The distribution reflects activity for the three-month period ended June 30, 2024.

Key financial highlights include:

  • Royalty Properties cash receipts: $26.1 million
  • Net Profits Interest cash receipts: $6.4 million
  • Lease bonus and other income: $0.5 million

The company also announced the availability of its 2023 Schedule K-3 for unitholders requiring international tax information. Dorchester Minerals, L.P. owns producing and non-producing oil and natural gas interests across 28 states, with its common units trading on the Nasdaq Global Select Market under the symbol DMLP.

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Dorchester Minerals, L.P. announced their first quarter results with a net income of $18,167,000 and earnings of $0.44 per common unit. The operating revenues for the quarter ended March 31, 2024, were $30,979,000. The Partnership declared a distribution of $0.781837 per common unit. Dorchester Minerals, L.P. is a Dallas-based owner of oil and gas mineral interests trading under the symbol DMLP on NASDAQ.

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Dorchester Minerals, L.P. announced its first quarter 2024 cash distribution of $0.781837 per common unit, totaling approximately $24.5 million from Royalty Properties, $6.8 million from Net Profits Interest, $0.6 million from lease bonus and other income, and $4.0 million from acquisitions. The company owns oil and gas interests in 28 states, trading on Nasdaq under the symbol DMLP.
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Dorchester Minerals, L.P. (NASDAQ: DMLP) completed the acquisition of mineral interests in Colorado, totaling 1,485 net royalty acres. The transaction was non-taxable, exchanging interests for 505,369 common units. Dorchester Minerals, L.P. is a Dallas-based company with interests in oil and natural gas across 28 states.
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Dorchester Minerals, L.P. reported a net income of $114,117,000 for the year ended December 31, 2023, with earnings of $2.85 per common unit. The company's operating revenues decreased from $170.8 million in 2022 to $163.8 million in 2023. The Partnership's total proved oil and natural gas reserves were estimated at 83.3 billion cubic feet as of December 31, 2023, with 40% attributed to natural gas. Despite a decrease in net income, the company distributed $137.5 million to common unitholders in 2023. Dorchester Minerals, L.P. trades on the NASDAQ under the symbol DMLP.
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FAQ

What is the current stock price of Dorchester Minerals LP (DMLP)?

The current stock price of Dorchester Minerals LP (DMLP) is $31.96 as of November 1, 2024.

What is the market cap of Dorchester Minerals LP (DMLP)?

The market cap of Dorchester Minerals LP (DMLP) is approximately 1.3B.

What does Dorchester Minerals LP do?

Dorchester Minerals LP specializes in the acquisition, ownership, and administration of royalty properties and net profits interests in crude oil and natural gas.

Where is Dorchester Minerals LP located?

The company is headquartered at 3838 Oak Lawn Avenue, Suite 300, Dallas, Texas, 75219-4541.

What is the stock symbol for Dorchester Minerals LP?

Dorchester Minerals LP trades on the NASDAQ Global Select Market under the symbol DMLP.

How does Dorchester Minerals LP generate revenue?

The company generates revenue from royalties, net profits interests, lease bonuses, and other sources.

How can I get the latest updates on Dorchester Minerals LP?

You can visit their official website at www.dmlp.net for the latest updates and filings.

When did Dorchester Minerals LP commence operations?

Dorchester Minerals LP began operations on January 31, 2003.

Who are the transfer agent and registrar for Dorchester Minerals LP?

American Stock Transfer & Trust Company serves as the transfer agent and registrar for Dorchester Minerals LP.

What was Dorchester Minerals LP's net income for Q2 2023?

The company reported a net income of $19,804,000, or $0.50 per common unit, for the quarter ended June 30, 2023.

How many states does Dorchester Minerals LP operate in?

Dorchester Minerals LP has leasehold interests in 28 states across the United States.

What types of interests does Dorchester Minerals LP own?

The company owns crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests.

Dorchester Minerals LP

Nasdaq:DMLP

DMLP Rankings

DMLP Stock Data

1.28B
46.81M
7.1%
30.66%
1.05%
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States of America
DALLAS