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

Dorchester Minerals (NASDAQ:DMLP) declared a second quarter 2026 cash distribution of $1.272943 per common unit, representing activity for the three months ended June 30, 2026.

Rhea-AI Summary

Dorchester Minerals (NASDAQ:DMLP) declared a second quarter 2026 cash distribution of $1.272943 per common unit, representing activity for the three months ended June 30, 2026. The distribution is payable on August 13, 2026 to unitholders of record as of August 3, 2026.

According to Dorchester Minerals, second quarter cash receipts were approximately $50.4 million from Royalty Properties, $16.6 million from Net Profits Interest, and $2.5 million from lease bonus and other income. The partnership also released its 2025 Schedule K-3 online and issued tax withholding guidance for non-U.S. investors.

Positive

• $1.272943 per common unit Q2 2026 cash distribution announced
• Royalty Properties cash receipts of approximately $50.4 million in Q2 2026
• Net Profits Interest cash receipts of approximately $16.6 million in Q2 2026
• Lease bonus and other income cash receipts of approximately $2.5 million in Q2 2026
• Additional cash from prior periods, including Midland County settlement proceeds, contributed to Net Profits Interest receipts

Negative

• Distributions to non-U.S. investors subject to U.S. federal withholding at the highest marginal rate
• Brokers and nominees, not Dorchester Minerals, bear withholding-agent responsibility for non-U.S. investors

News Explained

The release assigns non-U.S. distribution withholding to nominees, while the underlying cash receipts come from current and prior sales periods.

For the declared second-quarter distribution, the release’s qualified notice directs nominees to treat 100% of distributions to non-U.S. investors as attributable to effectively connected U.S. trade or business income, with nominees—not Dorchester—responsible for withholding. Accordingly, the release says those distributions are subject to federal withholding at the applicable highest marginal rate.

The cash receipts supporting the distribution come from multiple sales periods: 66% of Royalty Properties receipts relate to March-through-May oil and February-through-April natural-gas sales, while 34% comes from prior periods. Net Profits Interest receipts are weighted more heavily to prior periods, with 21% tied to the stated sales windows and 79% from prior periods, including settlement proceeds.

Argus Jul 24 session

+1.28% close to close Open Argus

Details

News Market Reaction – DMLP

In the Jul 24 session, DMLP gained 1.28%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Recent Form 4 activity recorded Net Buying totaling 19,000 units. That record adds ownership context...

Analysis

Recent Form 4 activity recorded Net Buying totaling 19,000 units. That record adds ownership context to the distribution announcement; investors can compare the payout with the $50.4 million and $16.6 million receipt categories. Tax withholding remains a stated risk.

Key Figures

Second-quarter distribution: $1.272943 per common unit Distribution payment date: August 13, 2026 Royalty Properties receipts: $50.4 million +5 more

Second-quarter distribution

$1.272943 per common unit

Three-month period ended June 30, 2026

Distribution payment date

August 13, 2026

Common unitholders of record as of August 3, 2026

Royalty Properties receipts

$50.4 million

Second quarter 2026

Royalty receipt timing

66% current-period / 34% prior-period

Second-quarter Royalty Properties receipts

Net Profits Interest receipts

$16.6 million

Second quarter 2026

Net Profits Interest receipt timing

21% current-period / 79% prior-period

Second-quarter Net Profits Interest receipts

Lease bonus and other income

$2.5 million

Second quarter 2026

Tax withholding rate

Highest marginal rate

Distributions to non-U.S. investors

Historical Context

5 past events · Latest: Jul 06

5 events

1. Jul 06

   Acquisition agreement

   24h Move

   +1.8%

   Agreement to acquire 3,100 net royalty acres in exchange for 850,000 common units

2. May 06

   Earnings report

   24h Move

   -0.1%

   Q1 net income and operating revenues increased year over year

3. Apr 23

   Cash distribution

   24h Move

   -2.1%

   Declared $0.475036 per-unit distribution with $26.6 million royalty receipts

4. Mar 16

   Settlement agreement

   24h Move

   -0.7%

   Received $15.5 million from Midland County leasehold settlement

5. Feb 24

   2025 results

   24h Move

   -0.2%

   Reported $57.352 million net income and $152.832 million operating revenues

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net profits interest, schedule k-3, effectively connected income

3 terms

net profits interest financial

"Cash receipts attributable to the Partnership’s Net Profits Interest"

A net profits interest (NPI) is a contractual right to receive a fixed percentage of a project’s or asset’s profits after allowable costs are paid, rather than a share of gross revenue or ownership. For investors, it matters because it gives upside tied to actual profitability while shielding the holder from direct operating expenses and capital calls, similar to getting a portion of the leftover profits from a business after the bills are settled.

schedule k-3 regulatory

"its 2025 Schedule K-3 reflecting items of international tax relevance"

Schedule K-3 is a supplemental U.S. tax form that reports a partner’s or shareholder’s share of a partnership’s or S corporation’s foreign income, deductions, credits and other cross-border tax items. Investors use it like a detailed receipt for international activity—showing what foreign taxes and income flow through to them—so they can calculate their own tax obligations, claim foreign tax credits, and judge how overseas operations affect after-tax returns.

effectively connected income regulatory

"may not be effectively connected income and may be subject to alternative"

Effectively connected income is income earned by a non‑U.S. person that is linked to business activity carried out in the United States — like profits from a U.S. branch or sales tied to operations here. For investors, that connection matters because such income is taxed under U.S. rules (often at regular rates rather than withholding rates), affecting after‑tax returns, required tax filings and possible withholding on distributions. Think of it as income taxed where the business ‘has a store.’

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DALLAS, July 23, 2026 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s second quarter 2026 cash distribution. The distribution of $1.272943 per common unit represents activity for the three-month period ended June 30, 2026 and is payable on August 13, 2026 to common unitholders of record as of August 3, 2026.

Cash receipts attributable to the Partnership’s Royalty Properties during the second quarter totaled approximately $50.4 million. Approximately 66% of these receipts reflect oil sales during March 2026 through May 2026 and natural gas sales during February 2026 through April 2026, and approximately 34% from prior sales periods. Cash receipts attributable to the Partnership’s Net Profits Interest during the second quarter totaled approximately $16.6 million. Approximately 21% of these receipts reflect oil sales and natural gas sales during February 2026 through April 2026, and approximately 79% from prior sales periods including proceeds from the previously announced settlement and mutual release agreement affecting certain leasehold in Midland County, Texas.

Cash receipts attributable to lease bonus and other income during the second quarter totaled approximately $2.5 million.

The Partnership also announced today that its 2025 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Dorchester Minerals (NASDAQ:DMLP) second quarter 2026 distribution per unit?

Dorchester Minerals declared a second quarter 2026 cash distribution of $1.272943 per common unit. According to Dorchester Minerals, this distribution reflects activity for the three-month period ended June 30, 2026 and will be paid to common unitholders of record as of August 3, 2026.

When will Dorchester Minerals (DMLP) pay its Q2 2026 cash distribution?

Dorchester Minerals will pay its Q2 2026 cash distribution on August 13, 2026. According to Dorchester Minerals, unitholders must be on record by August 3, 2026 to receive the distribution of $1.272943 per common unit declared for the second quarter of 2026.

How much cash did Dorchester Minerals generate from royalties and net profits in Q2 2026?

Dorchester Minerals reported Q2 2026 cash receipts of about $50.4 million from Royalty Properties and $16.6 million from Net Profits Interest. According to Dorchester Minerals, an additional $2.5 million came from lease bonus and other income during the same quarter.

What portion of Dorchester Minerals Q2 2026 receipts came from prior periods and settlements?

A significant share of Q2 2026 receipts came from earlier sales periods and a settlement. According to Dorchester Minerals, about 34% of royalty receipts and 79% of Net Profits Interest receipts related to prior periods, including proceeds from a Midland County, Texas settlement.

How are Dorchester Minerals (DMLP) distributions to non-U.S. investors taxed in 2026?

Dorchester Minerals distributions to non-U.S. investors are to be treated as effectively connected income. According to Dorchester Minerals, brokers and nominees should withhold U.S. federal income tax on 100% of such distributions at the highest marginal individual or corporate rate, as applicable.

Where can Dorchester Minerals unitholders access the 2025 Schedule K-3 tax information?

Unitholders can access the 2025 Schedule K-3 online at www.taxpackagesupport.com/DMLP. According to Dorchester Minerals, primarily foreign unitholders, those claiming a foreign tax credit, and certain corporate or partnership unitholders may need this detailed international tax information for their federal filings.

What type of oil and gas interests does Dorchester Minerals (DMLP) own across the U.S.?

Dorchester Minerals owns a diversified portfolio of oil and natural gas interests in 28 states. According to Dorchester Minerals, its assets include producing and non-producing mineral, royalty, overriding royalty, net profits, and leasehold interests, with common units trading on the Nasdaq Global Select Market under symbol DMLP.