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

Distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable marginal rate.

Rhea-AI Summary

Dorchester Minerals (NASDAQ: DMLP) announced a third-quarter 2026 cash distribution of $0.882297 per common unit, payable November 12, 2026.

The distribution covers activity for the three months ended September 30, 2026, with a November 2, 2026 record date. Third-quarter cash receipts totaled approximately $37.0 million from Royalty Properties, $3.0 million from Net Profits Interest, and $6.3 million from lease bonus and other income. Contributed cash attributed to the acquisition completed July 31, 2026 totaled approximately $4.4 million. Royalty Properties and Net Profits Interest receipts included approximately 20% and 50%, respectively, from prior sales periods.

4 points · 0 major

PositiveiHow this balance works

How this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 1 point

How the balance works

Positive

• Moderate pointRoyalty Properties generated approximately $37.0 million in third-quarter cash receipts.
• Minor pointLease bonus and other income generated approximately $6.3 million in third-quarter cash receipts.
• Minor pointContributed cash attributed to the acquisition closed July 31, 2026 totaled approximately $4.4 million.
• Minor pointNet Profits Interest generated approximately $3.0 million in third-quarter cash receipts.

Negative

• Minor pointNon-U.S. investor distributions face federal withholding at the highest applicable marginal rate for individuals or corporations.

News Explained

Although some partnership income may not be effectively connected with a U.S. business, the notice directs brokers and nominees to treat all distributions to non-U.S. investors as attributable to effectively connected income and subject them to federal withholding at the highest applicable marginal rate. Nominees, rather than Dorchester, are responsible for withholding on distributions they receive for those investors.

Key Figures

Distribution per common unit: $0.882297 Royalty Properties cash receipts: Approximately $37.0 million Net Profits Interest cash receipts: Approximately $3.0 million +3 more

Distribution per common unit

$0.882297

Third quarter 2026

Royalty Properties cash receipts

Approximately $37.0 million

Third quarter 2026

Net Profits Interest cash receipts

Approximately $3.0 million

Third quarter 2026

Lease bonus and other income

Approximately $6.3 million

Third quarter 2026

Acquisition-attributed contributed cash

Approximately $4.4 million

Acquisition closed July 31, 2026

Distribution record and payment dates

November 2, 2026 / November 12, 2026

Record date / payable date

Historical Context

1 past event · Latest: Jul 23

1 event

1. Jul 23

   Cash distribution

   24h Move

   +1.3%

   Declared a second-quarter distribution of $1.272943 per common unit, payable August 13.

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, effectively connected income, withholding agent

3 terms

net profits interest technical

"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.

effectively connected income regulatory

"income may not be effectively connected income"

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.’

withholding agent regulatory

"treated as withholding agents responsible for withholding"

An entity or person legally responsible under tax law for deducting or withholding tax from certain payments (wages, interest, dividends, sale proceeds, etc.) made to a payee, remitting those withheld amounts to the relevant tax authority, and filing required reports. A withholding agent can be an employer, payer, broker, bank, or other intermediary; the specific payments subject to withholding, the rates, and the reporting obligations are set by the jurisdiction's tax rules, and the agent remains responsible for calculating, collecting, and remitting the correct amounts.

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DALLAS, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s third quarter 2026 cash distribution. The distribution of $0.882297 per common unit represents activity for the three-month period ended September 30, 2026 and is payable on November 12, 2026 to common unitholders of record as of November 2, 2026.

Cash receipts attributable to the Partnership’s Royalty Properties during the third quarter totaled approximately $37.0 million. Approximately 80% of these receipts reflect oil sales during June 2026 through August 2026 and natural gas sales during May 2026 through July 2026, and approximately 20% from prior sales periods. Cash receipts attributable to the Partnership’s Net Profits Interest during the third quarter totaled approximately $3.0 million. Approximately 50% of these receipts reflect oil sales and natural gas sales during May 2026 through July 2026, and approximately 50% from prior sales periods.

Cash receipts attributable to lease bonus and other income during the third quarter totaled approximately $6.3 million. Contributed cash attributed to the acquisition that closed on July 31, 2026, totaled approximately $4.4 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
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.

How much is Dorchester Minerals' third-quarter 2026 distribution, and when is it payable?

Dorchester Minerals will pay $0.882297 per common unit on November 12, 2026 to common unitholders of record on November 2, 2026. The distribution represents activity for the three-month period ended September 30, 2026.

Which sales periods contributed to Dorchester Minerals' third-quarter 2026 cash receipts?

Approximately 80% of Royalty Properties receipts reflected oil sales during June through August 2026 and natural gas sales during May through July 2026. Approximately 50% of Net Profits Interest receipts reflected oil and natural gas sales during May through July 2026. The remaining approximately 20% and 50%, respectively, came from prior sales periods.

How are Dorchester Minerals distributions to non-U.S. investors treated for withholding?

Brokers and nominees should treat 100% of distributions to non-U.S. investors as attributable to income effectively connected with a United States trade or business. Federal withholding applies at the highest marginal rate for individuals or corporations, as applicable. Nominees, rather than Dorchester Minerals, are responsible for withholding on distributions they receive on behalf of non-U.S. investors.