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 Dallas-based limited partnership that owns producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states. The news flow around Dorchester Minerals reflects its role in the crude petroleum and natural gas extraction sector as an owner of mineral and royalty interests rather than an operator of wells.
News releases from Dorchester Minerals regularly cover quarterly financial results, including operating revenues, net income, and net income per common unit for specific quarters. The Partnership also frequently announces its quarterly cash distributions, detailing per-unit distribution amounts, payable dates, record dates, and the composition and timing of cash receipts from Royalty Properties, Net Profits Interests, and lease bonus and other income.
Another key category of news involves acquisitions of mineral interests. Dorchester Minerals has reported completing acquisitions of mineral interests measured in net royalty acres, structured as non-taxable contributions and exchanges in which contributing entities receive common units representing limited partnership interests. These announcements provide insight into how the Partnership expands its asset base across its multi-state footprint.
Dorchester Minerals’ news stream also includes governance and board updates, such as the retirement of long-serving board members, the appointment of new Independent Managers, changes in committee leadership, and the designation of honorary roles like Chairman Emeritus. In some cases, the Partnership has issued statements on the passing of board members and the resulting changes in board and committee composition.
Investors and analysts following DMLP news can use this page to review earnings announcements, distribution declarations, mineral acquisition updates, and governance developments, all of which are documented in press releases that are also referenced in the Partnership’s Form 8-K filings.
Dorchester Minerals, L.P. (NASDAQ-DMLP) announced a significant lease transaction on October 3, 2022. The Partnership leased 243 net acres in Reagan County, Texas, for $30,000 per acre with a 25% royalty. This lease agreement generates a lease bonus payment of approximately $7.3 million, which will be distributed to unitholders in the third quarter. Dorchester Minerals is engaged in owning various oil and natural gas interests across 28 states.
On September 30, 2022, Dorchester Minerals, L.P. (NASDAQ-DMLP) announced the completion of its acquisition of approximately 2,100 net royalty acres in 12 counties across New Mexico and Texas. The transaction, structured as a non-taxable contribution and exchange, involved the issuance of 816,719 common limited partnership units to the contributing entity. Dorchester Minerals is a significant player in the oil and natural gas industry, with interests spanning across 28 states, positioning itself for potential growth in royalty revenue.
William Casey McManemin will step down as CEO of Dorchester Minerals, L.P. on October 1, 2022, after leading the company since its formation in 2001. His successor, Bradley J. Ehrman, previously served as the Engineering Manager and COO. McManemin will continue to support key initiatives and serve as Chairman of the Board. Under McManemin’s leadership, the company experienced significant growth, despite economic volatility, positioning it for long-term value creation for unitholders.
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.
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