Dorchester Minerals, L.P. Announces Its Second Quarter Distribution
Dorchester Minerals, L.P. (NASDAQ:DMLP) has announced its second quarter 2024 cash distribution of $0.702058 per common unit, payable on August 8, 2024, to unitholders of record as of July 29, 2024. The distribution reflects activity for the three-month period ended June 30, 2024.
Key financial highlights include:
- Royalty Properties cash receipts: $26.1 million
- Net Profits Interest cash receipts: $6.4 million
- Lease bonus and other income: $0.5 million
The company also announced the availability of its 2023 Schedule K-3 for unitholders requiring international tax information. Dorchester Minerals, L.P. owns producing and non-producing oil and natural gas interests across 28 states, with its common units trading on the Nasdaq Global Select Market under the symbol DMLP.
- Announced cash distribution of $0.702058 per common unit for Q2 2024
- Royalty Properties cash receipts totaled $26.1 million in Q2
- Net Profits Interest cash receipts amounted to $6.4 million in Q2
- Additional $0.5 million in cash receipts from lease bonus and other income
- None.
DALLAS, July 18, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s second quarter 2024 cash distribution. The distribution of
Cash receipts attributable to the Partnership’s Royalty Properties during the second quarter totaled approximately
Cash receipts attributable to lease bonus and other income during the second quarter totaled approximately
The Partnership also announced today that its 2023 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/DMLP.
A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.
To receive an electronic copy of your Schedule K-3 via email, unitholders may call Tax Package Support toll free at 877-222-3204.
Dorchester Minerals, L.P. is a Dallas-based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states. Its common units trade on the Nasdaq Global Select Market under the symbol DMLP.
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Although a portion of Dorchester Minerals, L.P.’s income may not be effectively connected income and may be subject to alternative withholding procedures, brokers and nominees should treat
FORWARD-LOOKING STATEMENTS
Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price or demand for oil and natural gas, changes in the operations on or development of the Partnership’s properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership’s financial position, business strategy and other plans and objectives for future operations. These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission.
FAQ
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