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

Rhea-AI Summary

Dorchester Minerals (NASDAQ:DMLP) has declared its second quarter 2025 cash distribution of $0.620216 per common unit, payable on August 14, 2025, to unitholders of record as of August 4, 2025.

The Partnership's Q2 2025 financial highlights include: $26.6 million in Royalty Properties receipts (73% from recent sales), $3.1 million from Net Profits Interest (66% from recent sales), and $4.2 million from lease bonus and other income. The company also announced the availability of its 2024 Schedule K-3 for tax reporting purposes.

Dorchester Minerals operates as an owner of oil and natural gas interests across 28 states, including producing and non-producing mineral, royalty, overriding royalty, net profits, and leasehold interests.

Positive

• Total quarterly cash receipts of $33.9 million from combined operations
• Diverse revenue streams from royalty properties, net profits interest, and lease bonuses
• Strong quarterly distribution of $0.620216 per unit to shareholders
• Extensive operational presence across 28 states

Negative

• 27% of royalty receipts and 34% of net profits interest came from prior sales periods, indicating some payment delays
• Subject to price and demand fluctuations in oil and natural gas markets

Insights

Financial Analyst specializing in Oil & Gas MLPs

DMLP announced Q2 2025 distribution of $0.620216 per unit, with strong royalty receipts of $26.6M and additional income sources.

Dorchester Minerals has declared a $0.620216 per unit distribution for Q2 2025, payable on August 14 to unitholders of record as of August 4. This distribution represents solid operational performance across multiple revenue streams.

Breaking down the quarter's financial performance: Royalty Properties generated approximately $26.6 million in cash receipts, forming the backbone of distributable cash flow. The Net Profits Interest contributed an additional $3.1 million, while lease bonuses and other income added $4.2 million. The diversity in revenue sources demonstrates the partnership's robust business model in the minerals sector.

The timing details are noteworthy - 73% of Royalty Property receipts reflect relatively recent activity (oil sales from March-May and natural gas sales from February-April), with the remainder from prior periods. Similarly, 66% of Net Profits Interest receipts came from recent production periods. This timing alignment suggests relatively efficient cash conversion cycles.

As a royalty-focused MLP operating across 28 states, DMLP's business model differs significantly from traditional E&P companies by avoiding direct operational costs while maintaining exposure to commodity price upside. The substantial lease bonus income this quarter ($4.2 million) highlights the partnership's success in monetizing non-producing assets - an often overlooked value driver for mineral owners.

DALLAS, July 24, 2025 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s second quarter 2025 cash distribution. The distribution of $0.620216 per common unit represents activity for the three-month period ended June 30, 2025 and is payable on August 14, 2025 to common unitholders of record as of August 4, 2025.

Cash receipts attributable to the Partnership’s Royalty Properties during the second quarter totaled approximately $26.6 million. Approximately 73% of these receipts reflect oil sales during March 2025 through May 2025 and natural gas sales during February 2025 through April 2025, and approximately 27% from prior sales periods. Cash Receipts attributable to the Partnership’s Net Profits Interest during the second quarter totaled approximately $3.1 million. Approximately 66% of these receipts reflect oil sales and natural gas sales during February 2025 through April 2025, and approximately 34% from prior sales periods.

Cash receipts attributable to lease bonus and other income during the second quarter totaled approximately $4.2 million.

The Partnership also announced today that its 2024 Schedule K-3 reflecting items of international tax relevance is available online.  Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/DMLP.

A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements.  To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.

To receive an electronic copy of your Schedule K-3 via email, unitholders may call Tax Package Support toll free at 877-222-3204.

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
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
(214) 559-0300

FAQ

What is DMLP's Q2 2025 distribution amount and when is it payable?

Dorchester Minerals announced a distribution of $0.620216 per common unit, payable on August 14, 2025, to unitholders of record as of August 4, 2025.

How much were Dorchester Minerals' royalty property receipts in Q2 2025?

The Partnership's Royalty Properties generated cash receipts of $26.6 million in Q2 2025, with 73% reflecting recent oil and gas sales.

What was DMLP's lease bonus income for Q2 2025?

Dorchester Minerals reported $4.2 million in cash receipts from lease bonus and other income during the second quarter of 2025.

How many states does Dorchester Minerals operate in?

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

What was DMLP's Net Profits Interest income in Q2 2025?

The Partnership's Net Profits Interest generated $3.1 million in cash receipts during Q2 2025, with 66% reflecting recent sales.