Dorchester Minerals Lp Stock Price, News & Analysis

Dorchester Minerals, L.P. (DMLP) reported a net income of $11.8 million or $0.33 per common unit for Q1 2021, up from $8.8 million or $0.25 per unit in Q1 2020. Operating revenues for the quarter increased to $17.8 million compared to $15.5 million last year. The Partnership also declared a distribution of $0.303441 per unit, payable on May 13, 2021. Furthermore, DMLP is set to acquire overriding royalty interests in the Bakken Trend, totaling approximately 6,400 net royalty acres, with the transaction expected to close by June 30, 2021.

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a first-quarter cash distribution of $0.303441 per common unit, payable on May 13, 2021. This distribution reflects cash receipts of approximately $10.8 million from royalty properties, with 81% from oil and gas sales in late 2020. Additionally, net profits interests generated $1.8 million, 72% from similar sales periods. The virtual Annual Meeting for unitholders is scheduled for May 19, 2021, allowing participation via a control number found on voting materials.

Dorchester Minerals, L.P. (DMLP) reported a net income of $21.87 million ($0.61 per common unit) for the year ended December 31, 2020, significantly down from $52.77 million in 2019. Operating revenues also declined to $46.93 million from $78.80 million the previous year. As of year-end, total proved reserves stood at 89.8 billion cubic feet of natural gas equivalents, with 38% attributed to natural gas. The Partnership distributed $44.1 million to unitholders between May 2020 and February 2021.

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.242260 per common unit for Q4 2020, payable on February 11, 2021. This distribution reflects a total of approximately $8.2 million in cash receipts from royalty properties, with 79% from oil and gas sales in recent months. The net profits interests contributed about $1.7 million, while lease bonuses and other income added $1.3 million. The company owns oil and gas interests across 27 states.

Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a net income of $5,619,000 or $0.16 per common unit for Q3 2020. Operating revenues for the quarter were $12,545,000, down from $19,569,000 in the same period in 2019. For the nine months ended September 30, 2020, net income totaled $15,572,000, with earnings per common unit of $0.43, a decrease compared to $40,442,000 or $1.15 in 2019. The Partnership declared a distribution of $0.325612 per unit, payable on November 12, 2020.

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.325612 per common unit for Q3 2020, payable on November 12, 2020, to unitholders of record as of November 2, 2020. Cash receipts from Royalty Properties totaled approximately $8.2 million, with 77% from oil and gas sales over the summer months. Additionally, the Partnership closed a $5.0 million divestiture of its Hugoton net profits interests, accounting for 10% of its previous reserve volumes. The release also notes potential federal income tax implications for non-U.S. investors.

Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a net income of $1,192,000, or $0.03 per common unit, for the quarter ending June 30, 2020. This marks a significant decrease from the previous year, where net income was $13,596,000. Operating revenues also fell to $6,795,000 compared to $20,600,000 in 2019. A distribution of $0.226318 per common unit is payable on August 13, 2020, to shareholders on record as of August 3, 2020. The company holds interests in oil and natural gas across 27 states.

Dorchester Minerals, L.P. (NASDAQ: DMLP) announced a cash distribution of $0.226318 per common unit for Q2 2020, payable on August 13, 2020, to unitholders of record as of August 3, 2020. During this period, cash receipts from royalty properties were approximately $6.3 million, with about 62% from oil and gas sales in early 2020. Additionally, net profits interests contributed around $4.0 million. The partnership holds interests in oil and natural gas operations across 27 states.

Dorchester Minerals, L.P. (DMLP) reported a net income of $8,761,000, or $0.25 per common unit, for Q1 2020. This represents a decline from $13,979,000, or $0.42 per unit, in Q1 2019. Operating revenues also fell to $15,476,000 from $19,031,000 year-over-year. The Partnership has declared a distribution of $0.477891 per common unit, payable on May 14, 2020. The company operates oil and natural gas interests across 27 states. Forward-looking statements indicate risks including fluctuating oil prices and regulatory changes.