Dorchester Minerals L P : Announces Second Quarter Results - Form 8-K
August 04, 2022 at 01:38 pm
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Dorchester Minerals, L.P. Announces Second Quarter Results
DALLAS, TEXAS -- Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today the Partnership's net income for the quarter ended June 30, 2022 of $37,324,000, or $0.96 per common unit.
A comparison of the Partnership's consolidated results for the quarters ended June 30, 2022 and 2021 are set forth below:
Three Months Ended
Six Months Ended
June 30,
June 30,
2022
2021
2022
2021
Operating Revenues
$
47,459,000
$
21,361,000
$
87,860,000
$
39,150,000
Net Income
$
37,324,000
$
16,509,000
$
67,948,000
$
28,310,000
Net Income Per Common Unit
$
0.96
$
0.46
$
1.76
$
0.79
The Partnership previously declared its second quarter distribution in the amount of $0.969012 per common unit payable on August 11, 2022 to common unit holders of record as of August 1, 2022. The Partnership's cash distributions are not comparable to its net earnings due to timing and other differences including depletion.
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.
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Dorchester Minerals LP published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 17:37:00 UTC.
Dorchester Minerals, L.P. is an owner of producing and non-producing oil and natural gas minerals, royalty, overriding royalty, net profits, and leasehold interests. The Company is engaged in the acquisition, ownership, and administration of royalty properties and net profits interest (NPI). The NPI represents a net profits overriding royalty interest burdening various properties owned by the operating partnership. The Royalty Properties consist of producing and nonproducing minerals, royalty, overriding royalty, net profits, and leasehold interests located in 593 counties and parishes in 28 states. It has mineral and royalty interests totaling approximately 460,000 net acres located in 593 counties and parishes across Louisiana, New Mexico, Colorado, Texas and others. Its subsidiaries include Dorchester Minerals Oklahoma LP, Dorchester Minerals Oklahoma GP, Inc., Maecenas Minerals LLP, Dorchester-Maecenas GP LLC, The Buffalo Co. and DMLPTBC GP LLC.