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Dorchester Minerals, L.P. Announces Its Second Quarter Distribution
DMLPDorchester Minerals(DMLP) Newsfilter·2024-07-18 20:19

Core Insights - Dorchester Minerals, L.P. reported second quarter cash receipts of approximately 26.1millionfromRoyaltyProperties,with7426.1 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 0.5millionduringthesecondquarter[3]ThePartnershipannouncedacashdistributionof0.5 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]