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 $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.
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.