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, L.P. (NASDAQ: DMLP) is a Dallas-based limited partnership that owns producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states. The news flow around Dorchester Minerals reflects its role in the crude petroleum and natural gas extraction sector as an owner of mineral and royalty interests rather than an operator of wells.
News releases from Dorchester Minerals regularly cover quarterly financial results, including operating revenues, net income, and net income per common unit for specific quarters. The Partnership also frequently announces its quarterly cash distributions, detailing per-unit distribution amounts, payable dates, record dates, and the composition and timing of cash receipts from Royalty Properties, Net Profits Interests, and lease bonus and other income.
Another key category of news involves acquisitions of mineral interests. Dorchester Minerals has reported completing acquisitions of mineral interests measured in net royalty acres, structured as non-taxable contributions and exchanges in which contributing entities receive common units representing limited partnership interests. These announcements provide insight into how the Partnership expands its asset base across its multi-state footprint.
Dorchester Minerals’ news stream also includes governance and board updates, such as the retirement of long-serving board members, the appointment of new Independent Managers, changes in committee leadership, and the designation of honorary roles like Chairman Emeritus. In some cases, the Partnership has issued statements on the passing of board members and the resulting changes in board and committee composition.
Investors and analysts following DMLP news can use this page to review earnings announcements, distribution declarations, mineral acquisition updates, and governance developments, all of which are documented in press releases that are also referenced in the Partnership’s Form 8-K filings.
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Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.989656 per common unit for Q1 2023, set for payment on May 11, 2023, to unitholders of record by May 1, 2023. The total cash receipts from the Partnership's Royalty Properties for the quarter reached approximately $24.6 million, with oil sales accounting for 76% of this amount. Cash receipts from Net Profits Interest amounted to about $17.5 million, with a mix of oil and gas sales from various periods. Additionally, lease bonuses and other income contributed around $0.5 million to the receipts. The Partnership’s Annual Meeting has been rescheduled for a later date, and an Annual Investor Presentation is scheduled for June 21, 2023, in Dallas, TX. Forward-looking statements included in the release note various risks, including oil price changes and regulatory impacts.
Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a net income of $130.6 million or $3.35 per common unit for the year ending December 31, 2022. This marks a significant increase in income compared to $70.2 million in 2021. Operating revenues rose to $170.8 million from $93.4 million in the prior year. The Partnership's total proved oil and natural gas reserves were estimated at 92.7 billion cubic feet of natural gas equivalents, with natural gas comprising 42% of these reserves. Additionally, $142.2 million was distributed to unitholders from May 2022 to February 2023.
On January 19, 2023, Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a fourth quarter 2022 cash distribution of $0.884339 per common unit, payable on February 9, 2023, to unitholders of record as of January 30, 2023. The Partnership reported cash receipts of approximately $29.0 million from Royalty Properties, with 79% attributed to oil and gas sales during September 2022 to November 2022. Additionally, receipts from Net Profits Interests totaled $9.5 million, with 52% from sales in the same period. Lease bonus and other income contributed $0.5 million.
Dorchester Minerals, L.P. (NASDAQ-DMLP) reported net income of $34.2 million, or $0.88 per common unit, for Q3 2022, significantly up from $18 million, or $0.49 per unit in Q3 2021. Operating revenues also rose to $44 million compared to $24 million a year earlier. The Partnership declared a third quarter distribution of $1.135019 per common unit payable on November 10, 2022. Dorchester owns oil and gas interests across 28 states, with cash distributions impacted by various accounting factors.
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a third-quarter 2022 cash distribution of $1.135019 per common unit, payable on November 10, 2022, to unitholders of record as of October 31, 2022. The total cash receipts from Royalty Properties for the quarter were approximately $35.0 million, with 79% stemming from oil and gas sales in the summer months. Net Profits Interests contributed around $6.4 million, while lease bonuses and other income added $7.5 million. Dorchester owns a diverse portfolio of interests across 28 states.
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