Welcome to our dedicated page for Dorchester Minerals Lp news (Ticker: DMLP), a resource for investors and traders seeking the latest updates and insights on Dorchester Minerals Lp stock.
Dorchester Minerals LP (NASDAQ: DMLP) is a leading owner and administrator of oil and gas royalty interests across 28 U.S. states. This page provides investors and industry stakeholders with comprehensive access to official press releases, financial updates, and operational developments related to the company's mineral rights portfolio.
Discover timely information on royalty income distributions, asset acquisitions, and strategic management decisions that shape DMLP's position in the energy sector. Our curated news collection covers earnings announcements, partnership developments, and regulatory updates impacting the company's diversified portfolio of producing and non-producing properties.
As a publicly traded partnership managing interests in 592 counties, Dorchester Minerals LP's news directly reflects broader energy market trends. Users gain insights into how the company maintains operational efficiency while navigating complex mineral rights administration and leasehold management challenges.
Bookmark this page for continuous access to verified updates about DMLP's royalty revenue streams, geographic expansion efforts, and industry leadership in mineral assets management. Check back regularly for the latest developments affecting this energy sector partnership.
Dorchester Minerals, L.P. (NASDAQ: DMLP) has successfully completed two acquisitions of mineral, royalty, and overriding royalty interests. Both transactions were structured as non-taxable contribution and exchanges. In one deal, the Partnership issued 6,721,144 common units to the contributing entities. In a separate transaction, 530,000 common units were issued to another contributing entity. Dorchester Minerals is a Dallas-based owner of producing and non-producing oil and natural gas interests across 28 states. The company's common units are traded on the NASDAQ Global Select Market under the symbol DMLP.
Dorchester Minerals, L.P. (NASDAQ: DMLP) has announced two significant acquisitions of mineral, royalty, and overriding royalty interests. The first agreement, signed on September 12, 2024, involves acquiring approximately 14,529 net royalty acres across 14 counties in New Mexico and Texas, with 65% located in the Delaware Basin and 35% in the Midland Basin. This acquisition will be completed through a non-taxable exchange of 6,721,144 common units of DMLP.
The second agreement, signed on September 4, 2024, involves acquiring 1,204 net royalty acres in Weld County, Colorado, in exchange for 530,000 common units of DMLP. Both acquisitions are expected to close on September 30, 2024, subject to customary conditions. These strategic moves significantly expand DMLP's portfolio of oil and natural gas interests across multiple states.
Dorchester Minerals, L.P. (NASDAQ: DMLP) has reported its financial results for the second quarter of 2024. The Partnership's net income reached $23,628,000, or $0.57 per common unit, showing an increase from the same period in 2023. Operating revenues for Q2 2024 were $37,360,000, up from $30,619,000 in Q2 2023.
The Partnership declared a second quarter distribution of $0.702058 per common unit, payable on August 8, 2024. For the six months ended June 30, 2024, net income was $41,795,000, slightly lower than the $47,874,000 reported for the same period in 2023. Dorchester Minerals owns producing and non-producing oil and natural gas interests across 28 states.
Dorchester Minerals, L.P. (NASDAQ:DMLP) has announced its second quarter 2024 cash distribution of $0.702058 per common unit, payable on August 8, 2024, to unitholders of record as of July 29, 2024. The distribution reflects activity for the three-month period ended June 30, 2024.
Key financial highlights include:
- Royalty Properties cash receipts: $26.1 million
- Net Profits Interest cash receipts: $6.4 million
- Lease bonus and other income: $0.5 million
The company also announced the availability of its 2023 Schedule K-3 for unitholders requiring international tax information. Dorchester Minerals, L.P. owns producing and non-producing oil and natural gas interests across 28 states, with its common units trading on the Nasdaq Global Select Market under the symbol DMLP.
Dorchester Minerals, L.P. announced their first quarter results with a net income of $18,167,000 and earnings of $0.44 per common unit. The operating revenues for the quarter ended March 31, 2024, were $30,979,000. The Partnership declared a distribution of $0.781837 per common unit. Dorchester Minerals, L.P. is a Dallas-based owner of oil and gas mineral interests trading under the symbol DMLP on NASDAQ.
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