Dorchester Minerals, L.P. Announces First Quarter Results

Rhea-AI Summary

Dorchester Minerals (NASDAQ:DMLP) reported its Q1 2025 financial results, with net income of $17.64 million ($0.36 per common unit), compared to $18.17 million ($0.44 per unit) in Q1 2024. Operating revenues increased significantly to $43.16 million, up from $30.98 million in the same period last year.

The Partnership declared a Q1 distribution of $0.725835 per common unit, payable on May 15, 2025, to unitholders of record as of May 5, 2025. The company owns producing and non-producing oil and natural gas mineral, royalty, overriding royalty, and net profits interests across 28 states.

Positive

• Operating revenues increased 39.3% year-over-year to $43.16 million
• Declared quarterly distribution of $0.725835 per unit

Negative

• Net income decreased 2.9% year-over-year to $17.64 million
• Net income per unit declined 18.2% from $0.44 to $0.36

DALLAS, May 08, 2025 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended March 31, 2025 of $17,642,000, or $0.36 per common unit.

A comparison of the Partnership’s consolidated results for the quarter ended March 31, 2025 and 2024 are set forth below:

		Three Months Ended
		March 31,
		2025				2024
Operating Revenues		$	43,164,000			$	30,979,000
Net Income		$	17,642,000			$	18,167,000
Net Income Per Common Unit		$	0.36			$	0.44

The Partnership previously declared its first quarter distribution in the amount of $0.725835 per common unit payable on May 15, 2025 to common unitholders of record as of May 5, 2025. The Partnership’s cash distributions are not comparable to its net earnings due to timing and other differences including depletion.

Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, and net profits interests located in 28 states. Its common units trade on the NASDAQ Global Select Market under the symbol DMLP.

FORWARD-LOOKING STATEMENTS

Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price or demand for oil and natural gas, changes in the operations on or development of the Partnership’s properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership’s financial position, business strategy and other plans and objectives for future operations. These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission.

Contact:

Martye Miller

(214) 559-0300

    

FAQ

What was Dorchester Minerals (DMLP) Q1 2025 net income?

Dorchester Minerals reported a net income of $17.642 million ($0.36 per common unit) for Q1 2025.

How much is DMLP's Q1 2025 distribution payment?

DMLP declared a Q1 2025 distribution of $0.725835 per common unit, payable on May 15, 2025, to unitholders of record as of May 5, 2025.

How did Dorchester Minerals' Q1 2025 revenue compare to Q1 2024?

Operating revenues increased from $30.979 million in Q1 2024 to $43.164 million in Q1 2025, representing a 39.3% increase.

What was the year-over-year change in DMLP's earnings per unit?

Net income per common unit decreased from $0.44 in Q1 2024 to $0.36 in Q1 2025, an 18.2% decline.

In how many states does Dorchester Minerals have operations?

Dorchester Minerals owns oil and natural gas interests located across 28 states.