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.
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.
Dorchester Minerals, L.P. (NASDAQ-DMLP) announced a significant lease transaction on October 3, 2022. The Partnership leased 243 net acres in Reagan County, Texas, for $30,000 per acre with a 25% royalty. This lease agreement generates a lease bonus payment of approximately $7.3 million, which will be distributed to unitholders in the third quarter. Dorchester Minerals is engaged in owning various oil and natural gas interests across 28 states.
On September 30, 2022, Dorchester Minerals, L.P. (NASDAQ-DMLP) announced the completion of its acquisition of approximately 2,100 net royalty acres in 12 counties across New Mexico and Texas. The transaction, structured as a non-taxable contribution and exchange, involved the issuance of 816,719 common limited partnership units to the contributing entity. Dorchester Minerals is a significant player in the oil and natural gas industry, with interests spanning across 28 states, positioning itself for potential growth in royalty revenue.
William Casey McManemin will step down as CEO of Dorchester Minerals, L.P. on October 1, 2022, after leading the company since its formation in 2001. His successor, Bradley J. Ehrman, previously served as the Engineering Manager and COO. McManemin will continue to support key initiatives and serve as Chairman of the Board. Under McManemin’s leadership, the company experienced significant growth, despite economic volatility, positioning it for long-term value creation for unitholders.
Dorchester Minerals, L.P. (NASDAQ-DMLP) announced on September 19, 2022, the acquisition of approximately 2,100 net royalty acres in New Mexico and Texas from an unrelated third party. The transaction involves the issuance of 851,423 common limited partnership units to the contributing entity. The closing is expected by September 30, 2022, subject to customary conditions. This acquisition enhances Dorchester's portfolio of mineral, royalty, and overriding royalty interests, which includes assets across 28 states.
Dorchester Minerals, L.P. (NASDAQ-DMLP) announced the availability of its 2021 Schedule K-3 for unitholders, specifically targeting those with international tax relevance. This document is essential for foreign unitholders and those needing to compute foreign tax credits. Unitholders can access their Schedules K-3 online or request it electronically via Tax Package Support. As a Dallas-based company, Dorchester Minerals owns interests in oil and natural gas across 28 states, emphasizing its operational reach and investment appeal.
Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a net income of $37.32 million, or $0.96 per common unit for Q2 2022, an increase from $16.51 million, or $0.46 per unit year-over-year. Operating revenues for the quarter were $47.46 million, compared to $21.36 million in Q2 2021. The partnership declared a distribution of $0.969012 per unit, payable on August 11, 2022. The strong earnings reflect growth in oil and gas interests across 28 states. However, future performance may be influenced by fluctuating oil and gas prices.
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.969012 per common unit for Q2 2022, payable on August 11, 2022, to unitholders of record as of August 1, 2022. The Partnership reported cash receipts of approximately $33.9 million from royalty properties, with 74% from oil and gas sales in early 2022 and 26% from prior periods. Additionally, net profits interests generated about $5.1 million, while lease bonuses contributed approximately $1.2 million. Dorchester Minerals holds interests in 28 states across various oil and gas assets.