Dorchester Minerals, L.P. Announces Its Fourth Quarter Distribution

Rhea-AI Summary

Dorchester Minerals (NASDAQ:DMLP) has announced its fourth quarter 2024 cash distribution of $0.739412 per common unit, payable on February 13, 2025, to unitholders of record as of February 3, 2025. The distribution reflects activity for Q4 2024.

Cash receipts breakdown for Q4:

• Royalty Properties: $34.9 million (68% from recent sales, 32% from prior periods)
• Net Profits Interest: $5.4 million (61% from recent sales, 39% from prior periods)
• Lease bonus and other income: $0.7 million

The company owns producing and non-producing oil and natural gas interests across 28 states, with its common units trading on the Nasdaq Global Select Market.

Positive

• Strong quarterly cash distribution of $0.739412 per unit
• Substantial royalty properties receipts of $34.9 million
• Additional net profits interest receipts of $5.4 million
• Supplementary lease bonus income of $0.7 million

Negative

• None.

DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) -- — Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s fourth quarter 2024 cash distribution. The distribution of $0.739412 per common unit represents activity for the three-month period ended December 31, 2024 and is payable on February 13, 2025 to common unitholders of record as of February 3, 2025.

Cash receipts attributable to the Partnership’s Royalty Properties during the fourth quarter totaled approximately $34.9 million. Approximately 68% of these receipts reflect oil sales during September 2024 through November 2024 and natural gas sales during August 2024 through October 2024, and approximately 32% from prior sales periods. Cash Receipts attributable to the Partnership’s Net Profits Interest during the fourth quarter totaled approximately $5.4 million. Approximately 61% of these receipts reflect oil sales and natural gas sales during August 2024 through October 2024, and approximately 39% from prior sales periods.

Cash receipts attributable to lease bonus and other income during the fourth quarter totaled approximately $0.7 million.

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. Its common units trade on the Nasdaq Global Select Market under the symbol DMLP.

This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Although a portion of Dorchester Minerals, L.P.’s income may not be effectively connected income and may be subject to alternative withholding procedures, brokers and nominees should treat 100% of Dorchester Minerals, L.P.’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Dorchester Minerals, L.P.’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest marginal rate for individuals or corporations, as applicable. Nominees, and not Dorchester Minerals, L.P., are treated as withholding agents responsible for withholding on distributions received by them on behalf of non-U.S. investors.

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 is DMLP's Q4 2024 distribution amount per unit?

Dorchester Minerals (DMLP) announced a Q4 2024 distribution of $0.739412 per common unit.

When is DMLP's Q4 2024 distribution payable?

The Q4 2024 distribution is payable on February 13, 2025, to unitholders of record as of February 3, 2025.

How much were DMLP's Q4 2024 royalty property receipts?

DMLP's royalty property receipts totaled $34.9 million in Q4 2024, with 68% from recent sales and 32% from prior periods.

What were DMLP's Net Profits Interest receipts for Q4 2024?

DMLP's Net Profits Interest receipts were $5.4 million in Q4 2024, with 61% from recent sales and 39% from prior periods.

How much lease bonus income did DMLP generate in Q4 2024?

DMLP generated $0.7 million in lease bonus and other income during Q4 2024.

In how many states does DMLP have mineral interests?

Dorchester Minerals has oil and natural gas interests located in 28 states.