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. reports developments tied to its ownership of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests across 28 states. Recurring updates cover operating revenues, net income per common unit, proved reserves, realized commodity prices and cash receipts from the Partnership’s Royalty Properties and Net Profits Interests.
The company’s news also includes common-unit cash distributions, which reflect activity from underlying oil and gas sales periods and may differ from reported earnings because of timing and depletion. Governance updates address the board of managers and advisory committee of the general partner, while occasional material events cover matters such as ordinary-course leasehold litigation settlements.
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.
Dorchester Minerals, L.P. (NASDAQ-DMLP) has successfully completed the acquisition of overriding royalty interests in the Bakken Trend, covering approximately 6,400 net royalty acres across 63,000 gross acres in North Dakota. This transaction was structured as a non-taxable contribution, with the contributing entity receiving 725,000 common limited partnership units in exchange. Dorchester focuses on oil and natural gas interests in 26 states, with its common units traded on NASDAQ.
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.