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.
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.
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.