Welcome to our dedicated page for Dorchester Minerals LP news (Ticker: DMLP), a resource for investors and traders seeking the latest updates and insights on Dorchester Minerals LP stock.
Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded Delaware limited partnership that commenced operations on January 31, 2003. The company resulted from the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P., and Spinnaker Royalty Company, L.P. Based in Dallas, Texas, Dorchester Minerals specializes in the acquisition, ownership, and administration of royalty properties and net profits interests (NPIs).
Operating as the owner of both producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests, Dorchester Minerals has a widespread presence with leasehold interests in approximately 592 counties and parishes across 28 states. The company generates revenue primarily from royalties, net profits interests, and lease bonuses, offering a distinctive investment opportunity in the energy sector.
Dorchester's common units are listed on the NASDAQ Global Select Market under the symbol DMLP. The company’s executive offices are located at 3838 Oak Lawn Avenue, Suite 300, Dallas, Texas, 75219-4541. You can reach them at (214) 559-0300. For more information, Dorchester maintains an extensive online presence at www.dmlp.net, where investors can access the latest annual meeting presentations, current filings, and other pertinent details.
In the most recent quarterly report, Dorchester Minerals announced a net income of $19,804,000, or $0.50 per common unit, for the quarter ended June 30, 2023. This reflects the company's robust financial health and proactive management in navigating the volatile energy market.
With a strong history and a strategic focus on maximizing the value of its diversified mineral and royalty interests, Dorchester Minerals remains a significant player in the oil and gas industry, committed to delivering consistent returns to its stakeholders.
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