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Dorchester Minerals, L.P. Announces Second Quarter Results

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Dorchester Minerals (NASDAQ:DMLP) reported its Q2 2025 financial results, with net income of $12.3 million ($0.25 per common unit), down from $23.6 million ($0.57 per unit) in Q2 2024. Operating revenues reached $32.4 million, compared to $37.4 million in the same quarter last year.

The Partnership declared a Q2 distribution of $0.620216 per common unit, payable on August 14, 2025, to unitholders of record as of August 4, 2025. The company, which owns producing and non-producing oil and natural gas interests across 28 states, notes that cash distributions are not directly comparable to net earnings due to timing and other differences including depletion.

Dorchester Minerals (NASDAQ:DMLP) ha riportato i risultati finanziari del secondo trimestre 2025, con un utile netto di 12,3 milioni di dollari (0,25 dollari per unità comune), in calo rispetto ai 23,6 milioni di dollari (0,57 dollari per unità) del secondo trimestre 2024. I ricavi operativi hanno raggiunto i 32,4 milioni di dollari, rispetto ai 37,4 milioni dello stesso periodo dell'anno precedente.

La Partnership ha dichiarato una distribuzione per il secondo trimestre di 0,620216 dollari per unità comune, pagabile il 14 agosto 2025 agli azionisti registrati al 4 agosto 2025. L'azienda, che possiede interessi produttivi e non produttivi in petrolio e gas naturale in 28 stati, sottolinea che le distribuzioni in contanti non sono direttamente comparabili con gli utili netti a causa di differenze di tempistica e altri fattori, inclusa l'ammortamento.

Dorchester Minerals (NASDAQ:DMLP) informó sus resultados financieros del segundo trimestre de 2025, con un ingreso neto de 12,3 millones de dólares (0,25 dólares por unidad común), una disminución respecto a los 23,6 millones de dólares (0,57 dólares por unidad) del segundo trimestre de 2024. Los ingresos operativos alcanzaron los 32,4 millones de dólares, en comparación con los 37,4 millones del mismo trimestre del año anterior.

La Sociedad declaró una distribución del segundo trimestre de 0,620216 dólares por unidad común, pagadera el 14 de agosto de 2025 a los titulares registrados al 4 de agosto de 2025. La compañía, que posee intereses petrolíferos y de gas natural productivos y no productivos en 28 estados, señala que las distribuciones en efectivo no son directamente comparables con las ganancias netas debido a diferencias de tiempo y otros factores, incluido el agotamiento.

Dorchester Minerals (NASDAQ:DMLP)는 2025년 2분기 재무 실적을 발표했으며, 순이익은 1,230만 달러 (보통주 단위당 0.25달러)로 2024년 2분기의 2,360만 달러 (단위당 0.57달러)에서 감소했습니다. 영업 수익은 3,240만 달러로, 전년 동기 3,740만 달러에 비해 줄었습니다.

파트너십은 2025년 8월 14일 지급 예정인 2분기 보통주 단위당 0.620216달러 배당금을 2025년 8월 4일 기준 주주에게 선언했습니다. 28개 주에 걸쳐 생산 및 비생산 석유 및 천연가스 권리를 보유한 회사는 현금 배당금이 감가상각 등 시기 및 기타 차이로 인해 순이익과 직접 비교할 수 없다고 밝혔습니다.

Dorchester Minerals (NASDAQ:DMLP) a publié ses résultats financiers du deuxième trimestre 2025, avec un revenu net de 12,3 millions de dollars (0,25 dollar par unité commune), en baisse par rapport à 23,6 millions de dollars (0,57 dollar par unité) au deuxième trimestre 2024. Les revenus d'exploitation ont atteint 32,4 millions de dollars, contre 37,4 millions au même trimestre de l'année précédente.

Le partenariat a déclaré une distribution du deuxième trimestre de 0,620216 dollar par unité commune, payable le 14 août 2025 aux détenteurs inscrits au 4 août 2025. La société, qui détient des intérêts pétroliers et gaziers, productifs et non productifs, dans 28 États, précise que les distributions en espèces ne sont pas directement comparables aux bénéfices nets en raison de différences de calendrier et d'autres facteurs, y compris l'amortissement.

Dorchester Minerals (NASDAQ:DMLP) meldete seine Finanzergebnisse für das zweite Quartal 2025 mit einem Nettoeinkommen von 12,3 Millionen US-Dollar (0,25 US-Dollar je Stammanteil), was einem Rückgang gegenüber 23,6 Millionen US-Dollar (0,57 US-Dollar je Anteil) im zweiten Quartal 2024 entspricht. Die Betriebseinnahmen beliefen sich auf 32,4 Millionen US-Dollar im Vergleich zu 37,4 Millionen im gleichen Quartal des Vorjahres.

Die Partnerschaft erklärte eine Q2-Ausschüttung von 0,620216 US-Dollar je Stammanteil, zahlbar am 14. August 2025 an Anteilseigner, die am 4. August 2025 eingetragen sind. Das Unternehmen, das fördernde und nicht fördernde Öl- und Erdgasinteressen in 28 Bundesstaaten besitzt, weist darauf hin, dass Barausschüttungen aufgrund von zeitlichen und anderen Unterschieden, einschließlich Abschreibungen, nicht direkt mit dem Nettoergebnis vergleichbar sind.

Positive
  • Declared quarterly distribution of $0.620216 per unit
  • Operating revenues for H1 2025 increased to $75.6M from $68.3M in H1 2024
  • Maintains diverse portfolio of oil and gas interests across 28 states
Negative
  • Q2 2025 net income declined 47.7% to $12.3M from $23.6M in Q2 2024
  • Q2 2025 operating revenues decreased 13.3% to $32.4M from $37.4M in Q2 2024
  • Earnings per unit dropped to $0.25 from $0.57 year-over-year in Q2

Insights

DMLP's Q2 earnings show significant YoY revenue growth but concerning decline in quarterly profitability despite higher distributions.

Dorchester Minerals reported $32.4 million in Q2 2025 revenue, a 13.3% decrease from the $37.4 million in Q2 2024. More concerning is the substantial 47.7% drop in quarterly net income to $12.3 million ($0.25 per unit) compared to $23.6 million ($0.57 per unit) in the same quarter last year.

The six-month performance presents a different picture, with revenue increasing 10.6% to $75.6 million while net income decreased 28.2% to $30.0 million. This inconsistency suggests potential volatility in commodity prices or production levels affecting the partnership's assets across its 28-state portfolio.

Despite lower quarterly earnings, DMLP announced a distribution of $0.62 per unit, highlighting the disconnect between quarterly profits and distributions that management notes in the release. This distinction is crucial for investors to understand - distributions reflect available cash flow rather than accounting earnings, and factors like non-cash depletion charges create timing differences between the two metrics.

The significant gap between operating revenues ($32.4 million) and net income ($12.3 million) indicates substantial operating costs or non-cash charges affecting profitability. Without further details on production volumes or commodity price realizations, it's difficult to determine whether the quarterly performance decline represents a temporary fluctuation or the beginning of a concerning trend for this royalty owner.

DALLAS, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended June 30, 2025 of $12,347,000, or $0.25 per common unit.

A comparison of the Partnership’s consolidated results for the quarters ended June 30, 2025 and 2024 are set forth below:

 Three Months Ended Six Months Ended
 June 30, June 30,
  2025 2024  2025 2024
Operating Revenues$32,395,000  $37,360,000 $75,559,000  $68,339,000
Net Income$12,347,000  $23,628,000 $29,989,000  $41,795,000
Net Income Per Common Unit$0.25  $0.57 $0.61  $1.01
              

The Partnership previously declared its second quarter distribution in the amount of $0.620216 per common unit payable on August 14, 2025 to common unitholders of record as of August 4, 2025. The Partnership’s cash distributions are not comparable to its net earnings due to timing and other differences including depletion.

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

FAQ

What was Dorchester Minerals (DMLP) earnings per unit in Q2 2025?

Dorchester Minerals reported earnings of $0.25 per common unit for Q2 2025, compared to $0.57 per unit in Q2 2024.

When will DMLP pay its Q2 2025 distribution?

Dorchester Minerals will pay its Q2 2025 distribution of $0.620216 per common unit on August 14, 2025, to unitholders of record as of August 4, 2025.

How much revenue did DMLP generate in Q2 2025?

DMLP generated operating revenues of $32.4 million in Q2 2025, down from $37.4 million in Q2 2024.

How many states does Dorchester Minerals operate in?

Dorchester Minerals owns producing and non-producing oil and natural gas interests across 28 states.

What was DMLP's net income for Q2 2025?

Dorchester Minerals reported net income of $12.3 million for Q2 2025, compared to $23.6 million in Q2 2024.
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