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) 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.