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.
Dorchester Minerals, L.P. (NASDAQ-DMLP) announced on September 19, 2022, the acquisition of approximately 2,100 net royalty acres in New Mexico and Texas from an unrelated third party. The transaction involves the issuance of 851,423 common limited partnership units to the contributing entity. The closing is expected by September 30, 2022, subject to customary conditions. This acquisition enhances Dorchester's portfolio of mineral, royalty, and overriding royalty interests, which includes assets across 28 states.
Dorchester Minerals, L.P. (NASDAQ-DMLP) announced the availability of its 2021 Schedule K-3 for unitholders, specifically targeting those with international tax relevance. This document is essential for foreign unitholders and those needing to compute foreign tax credits. Unitholders can access their Schedules K-3 online or request it electronically via Tax Package Support. As a Dallas-based company, Dorchester Minerals owns interests in oil and natural gas across 28 states, emphasizing its operational reach and investment appeal.
Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a net income of $37.32 million, or $0.96 per common unit for Q2 2022, an increase from $16.51 million, or $0.46 per unit year-over-year. Operating revenues for the quarter were $47.46 million, compared to $21.36 million in Q2 2021. The partnership declared a distribution of $0.969012 per unit, payable on August 11, 2022. The strong earnings reflect growth in oil and gas interests across 28 states. However, future performance may be influenced by fluctuating oil and gas prices.
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.969012 per common unit for Q2 2022, payable on August 11, 2022, to unitholders of record as of August 1, 2022. The Partnership reported cash receipts of approximately $33.9 million from royalty properties, with 74% from oil and gas sales in early 2022 and 26% from prior periods. Additionally, net profits interests generated about $5.1 million, while lease bonuses contributed approximately $1.2 million. Dorchester Minerals holds interests in 28 states across various oil and gas assets.
Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a remarkable net income of $30.6 million ($0.80 per common unit) for Q1 2022, compared to $11.8 million in Q1 2021.
Operating revenues soared to $40.4 million from $17.8 million year-over-year. The Partnership announced a cash distribution of $0.753926 per common unit payable on May 12, 2022, to record holders as of May 2, 2022. Dorchester Minerals continues to hold diverse oil and natural gas interests across 28 states.
Dorchester Minerals, L.P. (NASDAQ:DMLP) has announced a cash distribution of $0.753926 per common unit for Q1 2022, payable on May 12, 2022, to unitholders of record on May 2, 2022. In Q1, cash receipts from Royalty Properties reached approximately $24.7 million, with 75% from oil and gas sales during late 2021 and early 2022. Net Profits Interests contributed about $6.9 million, with 65% also from oil and gas sales in the same period. The company has interests across 28 states and provides forward-looking statements subject to market fluctuations and regulatory changes.
Dorchester Minerals, L.P. (NASDAQ-DMLP) has successfully completed an acquisition of approximately 3,600 net royalty acres across 13 states, including Colorado, Louisiana, Ohio, Oklahoma, Pennsylvania, West Virginia, and Wyoming. This non-taxable transaction involved the exchange of 570,000 common limited partnership units for the mineral and royalty interests. Dorchester Minerals, based in Dallas, owns various oil and natural gas interests across 28 states, and this acquisition is expected to enhance its asset portfolio.
Dorchester Minerals, L.P. (NASDAQ-DMLP) has announced a non-taxable contribution and exchange agreement to acquire approximately 3,600 net royalty acres across 13 states, including Colorado, Louisiana, and Oklahoma. The deal, involving the issuance of 570,000 common limited partnership units, is expected to close on March 31, 2022, pending customary conditions. This strategic acquisition aims to enhance the Partnership's mineral and royalty interests, potentially bolstering its operational capacity in the oil and natural gas sector.
Dorchester Minerals, L.P. (NASDAQ-DMLP) reported a net income of $70.2 million or $1.94 per unit for the year ended December 31, 2021, a significant increase from $21.9 million or $0.61 per unit in 2020. The Partnership's operating revenues reached $93.4 million, compared to $46.9 million the previous year. As of December 31, 2021, it holds 92.9 billion cubic feet of proved oil and natural gas reserves. A total of $69.2 million was distributed to common unitholders from May 2021 to February 2022.
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a cash distribution of $0.639287 per common unit for Q4 2021, payable on February 10, 2022, to unitholders of record by January 31, 2022. Cash receipts from Royalty Properties totaled approximately $21.2 million, with oil and gas sales contributing significantly. Additionally, Net Profits Interests brought in around $4.2 million. The Partnership holds interests across 26 states.
FAQ
What is the current stock price of Dorchester Minerals LP (DMLP)?
What is the market cap of Dorchester Minerals LP (DMLP)?
What does Dorchester Minerals LP do?
Where is Dorchester Minerals LP located?
What is the stock symbol for Dorchester Minerals LP?
How does Dorchester Minerals LP generate revenue?
How can I get the latest updates on Dorchester Minerals LP?
When did Dorchester Minerals LP commence operations?
Who are the transfer agent and registrar for Dorchester Minerals LP?
What was Dorchester Minerals LP's net income for Q2 2023?
How many states does Dorchester Minerals LP operate in?
What types of interests does Dorchester Minerals LP own?
