Dorchester Minerals, L.P. Announces First Quarter Results
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.
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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
Details
News Market Reaction – DMLP
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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
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
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 |
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