Dorchester Minerals Lp Stock Price, News & Analysis

Dorchester Minerals, L.P. (NASDAQ-DMLP) has announced a non-taxable contribution and exchange agreement to acquire approximately 3,600 net royalty acres across 13 states, including Colorado, Louisiana, and Oklahoma. The deal, involving the issuance of 570,000 common limited partnership units, is expected to close on March 31, 2022, pending customary conditions. This strategic acquisition aims to enhance the Partnership's mineral and royalty interests, potentially bolstering its operational capacity in the oil and natural gas sector.

Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a net income of $70.2 million or $1.94 per unit for the year ended December 31, 2021, a significant increase from $21.9 million or $0.61 per unit in 2020. The Partnership's operating revenues reached $93.4 million, compared to $46.9 million the previous year. As of December 31, 2021, it holds 92.9 billion cubic feet of proved oil and natural gas reserves. A total of $69.2 million was distributed to common unitholders from May 2021 to February 2022.

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.639287 per common unit for Q4 2021, payable on February 10, 2022, to unitholders of record by January 31, 2022. Cash receipts from Royalty Properties totaled approximately $21.2 million, with oil and gas sales contributing significantly. Additionally, Net Profits Interests brought in around $4.2 million. The Partnership holds interests across 26 states.

Dorchester Minerals, L.P. (NASDAQ-DMLP) has finalized the acquisition of mineral and royalty interests covering approximately 4,600 net royalty acres across 27 counties in New Mexico, Oklahoma, Texas, and Wyoming. The transaction is structured as a non-taxable contribution, with the contributing entity receiving 1,580,000 common limited partnership units of Dorchester Minerals. This acquisition expands Dorchester's portfolio, which includes producing and non-producing interests in oil and natural gas across 26 states.

Dorchester Minerals, L.P. (NASDAQ-DMLP) announced a non-taxable exchange agreement to acquire approximately 4,600 net royalty acres across New Mexico, Oklahoma, Texas, and Wyoming. The deal, valued at 1,580,000 common limited partnership units, is expected to close on December 31, 2021, with a cash receipt date of October 1, 2021. This acquisition enhances the Partnership's portfolio of mineral and royalty interests in the oil and natural gas sector, contributing to its overall growth strategy.

Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a net income of $18,031,000 or $0.49 per common unit for Q3 2021, a significant increase from $5,619,000 in Q3 2020. Total operating revenues reached $23,969,000, up from $12,545,000 in the same quarter last year. For the nine months ending September 30, 2021, net income was $46,341,000, compared to $15,572,000 in 2020. A distribution of $0.507608 per common unit is payable on November 10, 2021, to record holders as of November 1, 2021.

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.507608 per common unit for Q3 2021, payable on November 10, 2021, to unitholders of record by November 1, 2021. The Partnership's cash receipts from Royalty Properties reached approximately $17.3 million, with 77% derived from oil and gas sales between May and August 2021. Additionally, Net Profits Interests contributed around $3.3 million. Dorchester owns mineral and royalty interests across 26 states.

Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a substantial net income of $16.51 million or $0.46 per common unit for Q2 2021. This marks a significant increase compared to $1.19 million or $0.03 per common unit in Q2 2020. Operating revenues rose to $21.36 million, enhancing the financial position of the Partnership. Additionally, a second-quarter distribution of $0.480528 per unit was declared, payable on August 12, 2021. Risks include fluctuations in oil and gas prices and regulatory changes that may impact future performance.

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.480528 per common unit for Q2 2021, payable on August 12, 2021. The distribution marks a total of over $1 billion distributed to partners since inception. Q2 cash receipts totaled approximately $15 million from royalty properties and $3.4 million from net profits interests, primarily from oil and gas sales. The company maintains a strong financial standing with no debt and no dilutive equity. This release includes forward-looking statements that may be affected by various risks and uncertainties.