Workflow
Dorchester Minerals(DMLP)
icon
Search documents
Dorchester Minerals(DMLP) - 2024 Q2 - Quarterly Report
2024-08-01 20:10
Financial Performance - The Partnership announced a cash distribution of $0.702058 per common unit for Q2 2024, payable on August 8, 2024[27]. - Oil sales volumes from Royalty Properties increased by 11% to 1,275 mbbls in June 2024 compared to 1,153 mbbls in June 2023[33]. - Natural gas sales volumes from Royalty Properties increased by 2% to 2,543 mmcf in June 2024 compared to 2,483 mmcf in June 2023[33]. - Cash receipts from Royalty Properties totaled $26.1 million in Q2 2024, with average indicated prices of $70.48/bbl for oil and $1.53/mcf for natural gas[41]. - Net cash provided by operating activities decreased by 16% from the first six months of 2023 to the same period in 2024, attributed to lower NPI payment receipts[39]. Operating Costs and Expenses - Operating costs increased by 28% from Q2 2023 to Q2 2024, primarily due to higher oil and natural gas sales volumes[37]. - General and administrative expenses decreased by 6% from Q2 2023 to Q2 2024, mainly due to one-time expenses related to an unsuccessful acquisition[38]. Liquidity and Cash Flow - The Partnership's liquidity is primarily supported by cash flows from Royalty Properties and NPI, with distributions determined after all expenses are paid[43]. - Cash and cash equivalents totaled $35.2 million at June 30, 2024, down from $47.0 million at December 31, 2023, indicating a decrease of approximately 25.5%[49]. - The company expects sufficient liquidity to fund distributions to unitholders despite uncertainties from global military conflicts and inflation, which may impact cash flows[46]. Market and Economic Conditions - Future distributions to unitholders may be affected by economic conditions in the oil and natural gas market, including potential declines in oil prices[46]. - The current economic environment is described as volatile, with unpredictable long-term impacts on cash flows[46]. - The company is monitoring the impact of ongoing global military conflicts and COVID-19 variants on its operations and liquidity[46]. - There have been no significant changes in exposure to market risk during the three months ended June 30, 2024[51]. Lease Obligations - Total lease payments amount to $1.725 million, with total lease obligations standing at $1.175 million after accounting for interest[48]. - The total lease payments are scheduled to increase gradually from $178,000 in 2024 to $380,000 in 2028[48]. Partnership Agreements and Policies - The company has a partnership agreement that prohibits incurring indebtedness exceeding $50,000, excluding trade payables[45]. - The company has not reported significant changes to critical accounting policies and estimates since the last annual report[48]. Acquisitions - The Partnership acquired mineral interests totaling approximately 1,485 net royalty acres in Colorado for $17.0 million in common units on March 28, 2024[31].
Dorchester Minerals(DMLP) - 2024 Q2 - Quarterly Results
2024-08-01 20:09
Company Overview - Dorchester Minerals reported its results for the quarter ended June 30, 2024, in a press release dated August 1, 2024[4]. - The company is listed on the NASDAQ Global Select Market under the trading symbol DMLP[3]. - The company is not classified as an emerging growth company, indicating it has opted for full compliance with financial accounting standards[3]. Financial Reporting - The financial results include key metrics that will be detailed in the attached press release, which is incorporated by reference[4]. - The report is filed under the Securities Exchange Act of 1934, ensuring compliance with regulatory requirements[5]. - The filing does not include any new or revised financial accounting standards as per the extended transition period[3]. - The report includes a signature from the Chief Financial Officer, Leslie A. Moriyama, affirming the accuracy of the disclosed information[6]. Operational Insights - The press release is expected to provide insights into operational performance and financial condition for the quarter[4]. - The results will likely highlight user data and market trends relevant to Dorchester Minerals' operations[4]. - Future outlook and performance guidance may be discussed in the detailed press release[4].
Dorchester Minerals, L.P. Announces Its Second Quarter Distribution
Newsfilter· 2024-07-18 20:19
Core Insights - Dorchester Minerals, L.P. reported second quarter cash receipts of approximately $26.1 million from Royalty Properties, with 74% from oil sales and natural gas sales during March to May 2024, and 26% from prior sales periods [1] - The Partnership's Net Profits Interest generated cash receipts of approximately $6.4 million, with 69% from oil and natural gas sales during February to April 2024, and 31% from prior sales periods [1] - The cash receipts from lease bonus and other income totaled approximately $0.5 million during the second quarter [3] - The Partnership announced a cash distribution of $0.702058 per common unit for the second quarter, payable on August 8, 2024, to unitholders of record as of July 29, 2024 [7] Company Overview - Dorchester Minerals, L.P. is based in Dallas and owns producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests across 28 states [2] - The common units of Dorchester Minerals, L.P. are traded on the Nasdaq Global Select Market under the symbol DMLP [2] Tax and Regulatory Information - A limited number of unitholders may require detailed information disclosed on Schedule K-3 for specific reporting requirements [4] - Distributions to non-U.S. investors are subject to federal income tax withholding at the highest marginal rate, with brokers and nominees acting as withholding agents [5] - The Partnership's 2023 Schedule K-3 reflecting items of international tax relevance is available online for unitholders [8]
Dorchester Minerals(DMLP) - 2024 Q1 - Quarterly Report
2024-05-02 20:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC. 20549 FORM 10-Q (Mark One) Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 000-50175 DORCHESTER MINERALS, L.P. (Exact name of registrant as specified in its charter) ( ...
Dorchester Minerals(DMLP) - 2024 Q1 - Quarterly Results
2024-05-02 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 3838 Oak Lawn, Suite 300, Dallas, Texas 75219 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (214) 559-0300 N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligatio ...
Dorchester Minerals, L.P. Announces Its First Quarter Distribution
Newsfilter· 2024-04-18 20:01
DALLAS, April 18, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership's first quarter 2024 cash distribution. The distribution of $0.781837 per common unit represents activity for the three-month period ended March 31, 2024 and is payable on May 9, 2024 to common unitholders of record as of April 29, 2024. Cash receipts attributable to the Partnership's Royalty Properties during the first quarter totaled approximately $24.5 million. Approximately 71% of these rec ...
Dorchester Minerals: Forward Yield Is Estimated At 10%
Seeking Alpha· 2024-03-05 23:18
Funtay Dorchester Minerals, L.P. (NASDAQ:DMLP) reported a Q4 2023 distribution that was just over $1 per unit. This was lower than I expected back in November, and appears to be due to various factors including lower sales volumes (compared to Q3 2023) and weaker commodity prices. Despite the dip in sales volumes compared to Q3 2023, Dorchester is still showing strong year-over-year sales volume growth. Dorchester's Q4 2023 sales volumes were 16% higher than its Q4 2022 sales volumes. Most of this growt ...
Gold Price Alert: Gold Spot Prices Just Hit a Record High Today
InvestorPlace· 2024-03-05 15:18
Investors in gold are excited on Tuesday as the spot price of the precious metal hit a recent high of $2,113.28 per ounce during a rally yesterday.The increasing price of gold is catching up to its current record high of $2,135.40 that was achieved in December 2023. To understand why gold is gaining lately, we have to look to the Federal Reserve.Investors in gold are hoping that the Fed is done with interest rate increases. In fact, many are betting that the agency will drop interest rates starting in June. ...
Dorchester Minerals, L.P. Announces 2023 Results
Newsfilter· 2024-02-22 19:02
DALLAS, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today the Partnership's net income for the year ended December 31, 2023 of $114,117,000 or $2.85 per common unit. A comparison of the Partnership's consolidated results for the twelve month periods ended December 31, 2023 and 2022 are set forth below:  Twelve Months Ended December 31,  2023   2022 Operating Revenues$163,799,000  $170,800,000 Net Income$114,117,000  $130,607,000         Net Income ...
Dorchester Minerals(DMLP) - 2023 Q4 - Annual Report
2024-02-21 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition Period from to Commission File Number: 000-50175 DORCHESTER MINERALS, L.P. (Exact name of registrant as specified in its charter) Delaware 81-0551518 (I.R.S. Employer I ...