Dorchester Minerals, L.P. Announces Third Quarter Results
Dorchester Minerals reported strong financial results for Q3 2024, with net income reaching $36,413,000 ($0.87 per common unit), up from $29,463,000 ($0.73 per unit) in Q3 2023. Operating revenues increased to $53,472,000 from $42,594,000 year-over-year. The company declared a Q2 distribution of $0.995785 per common unit, payable November 7, 2024. For the nine months ended September 30, 2024, net income was $78,208,000 ($1.89 per unit) compared to $77,337,000 ($1.94 per unit) in 2023.
Dorchester Minerals ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un reddito netto che ha raggiunto $36.413.000 ($0,87 per unità comune), in aumento rispetto ai $29.463.000 ($0,73 per unità) del terzo trimestre del 2023. I ricavi operativi sono aumentati a $53.472.000 rispetto ai $42.594.000 dell'anno precedente. L'azienda ha dichiarato una distribuzione per il secondo trimestre di $0,995785 per unità comune, che sarà pagata il 7 novembre 2024. Nei nove mesi terminati il 30 settembre 2024, il reddito netto è stato di $78.208.000 ($1,89 per unità) rispetto ai $77.337.000 ($1,94 per unità) del 2023.
Dorchester Minerals reportó resultados financieros sólidos para el tercer trimestre de 2024, con un ingreso neto que alcanzó $36,413,000 ($0.87 por unidad común), un aumento desde $29,463,000 ($0.73 por unidad) en el tercer trimestre de 2023. Los ingresos operativos aumentaron a $53,472,000 desde $42,594,000 año tras año. La compañía declaró una distribución del segundo trimestre de $0.995785 por unidad común, pagadera el 7 de noviembre de 2024. Para los nueve meses terminados el 30 de septiembre de 2024, el ingreso neto fue de $78,208,000 ($1.89 por unidad) en comparación con $77,337,000 ($1.94 por unidad) en 2023.
Dorchester Minerals는 2024년 3분기에 강력한 재무 결과를 보고하였으며, 순이익이 $36,413,000에 달했습니다 ($0.87 per common unit), 이는 2023년 3분기의 $29,463,000 ($0.73 per unit)에서 증가한 수치입니다. 운영 수익은 전년 대비 $42,594,000에서 $53,472,000로 증가했습니다. 회사는 2024년 11월 7일에 지급될 예정인 일반 단위당 $0.995785의 2분기 배당금을 발표했습니다. 2024년 9월 30일로 종료된 9개월 동안 순이익은 $78,208,000 ($1.89 per unit)으로 2023년의 $77,337,000 ($1.94 per unit)과 비교됩니다.
Dorchester Minerals a rapporté de solides résultats financiers pour le troisième trimestre 2024, avec un revenu net atteignant 36 413 000 $ (0,87 $ par unité commune), en hausse par rapport à 29 463 000 $ (0,73 $ par unité) au troisième trimestre 2023. Les revenus d'exploitation ont augmenté pour atteindre 53 472 000 $ contre 42 594 000 $ d'une année sur l'autre. La société a déclaré une distribution de 0,995785 $ par unité commune pour le deuxième trimestre, payable le 7 novembre 2024. Pour les neuf mois se terminant le 30 septembre 2024, le revenu net était de 78 208 000 $ (1,89 $ par unité) par rapport à 77 337 000 $ (1,94 $ par unité) en 2023.
Dorchester Minerals hat für das dritte Quartal 2024 starke finanzielle Ergebnisse gemeldet, mit einem Nettogewinn von $36.413.000 ($0,87 pro Stammaktie), ein Anstieg von $29.463.000 ($0,73 pro Aktie) im dritten Quartal 2023. Die Betriebseinnahmen stiegen auf $53.472.000 gegenüber $42.594.000 im Jahresvergleich. Das Unternehmen gab eine Ausschüttung für das zweite Quartal von $0,995785 pro Stammaktie bekannt, die am 7. November 2024 zahlbar ist. Für die neun Monate bis zum 30. September 2024 betrug der Nettogewinn $78.208.000 ($1,89 pro Aktie) im Vergleich zu $77.337.000 ($1,94 pro Aktie) in 2023.
- Net income increased 23.6% YoY to $36.4M in Q3 2024
- Operating revenues grew 25.5% YoY to $53.5M in Q3 2024
- Quarterly earnings per unit increased 19.2% YoY to $0.87
- Nine-month earnings per unit decreased from $1.94 to $1.89 YoY
Insights
Dorchester Minerals delivered strong Q3 2024 results with
The company's business model as a mineral rights owner provides excellent operating leverage and minimal capital requirements. The
DALLAS, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended September 30, 2024 of
A comparison of the Partnership’s consolidated results for the quarters ended September 30, 2024 and 2023 are set forth below:
| Three Months Ended | Nine Months Ended | ||||||||||||
| September 30, | September 30, | ||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||
| Operating Revenues | $ | 53,472,000 | $ | 42,594,000 | $ | 121,811,000 | $ | 113,380,000 | |||||
| Net Income | $ | 36,413,000 | $ | 29,463,000 | $ | 78,208,000 | $ | 77,337,000 | |||||
| Net Income Per Common Unit | $ | 0.87 | $ | 0.73 | $ | 1.89 | $ | 1.94 | |||||
The Partnership previously declared its second quarter distribution in the amount of
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.
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.
| Contact: | Martye Miller | (214) 559-0300 |
FAQ
What was Dorchester Minerals (DMLP) net income for Q3 2024?
How much is DMLP's Q2 2024 distribution payment?
What were DMLP's operating revenues for Q3 2024 vs Q3 2023?
How did DMLP's nine-month performance in 2024 compare to 2023?
