Dorchester Minerals, L.P. Announces Second Quarter Results
03 Agosto 2023 - 4:45PM
Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP)
announced today the Partnership’s net income for the quarter ended
June 30, 2023 of $19,804,000, or $0.50 per common unit.
A comparison of the Partnership’s consolidated
results for the quarters ended June 30, 2023 and 2022 are set forth
below:
|
Three Months
Ended |
|
Six Months
Ended |
|
June 30, |
|
June 30, |
|
|
2023 |
|
2022 |
|
|
2023 |
|
2022 |
Operating Revenues |
$ |
30,619,000 |
|
|
$ |
47,459,000 |
|
$ |
70,786,000 |
|
|
$ |
87,860,000 |
Net
Income |
$ |
19,804,000 |
|
|
$ |
37,324,000 |
|
$ |
47,874,000 |
|
|
$ |
67,948,000 |
Net Income
Per Common Unit |
$ |
0.50 |
|
|
$ |
0.96 |
|
$ |
1.21 |
|
|
$ |
1.76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Partnership previously declared its second
quarter distribution in the amount of $0.676818 per common unit
payable on August 10, 2023 to common unitholders of record as of
July 31, 2023. The Partnership’s cash distributions are not
comparable to its net earnings due to timing and other differences
including depletion.
The Partnership also announced today that its 2022
Schedule K-3 reflecting items of international tax relevance is
available online. Unitholders requiring this information may access
their Schedules K-3 at www.taxpackagesupport.com/DMLP.
A limited number of unitholders (primarily foreign
unitholders, unitholders computing a foreign tax credit on their
tax return and certain corporate and/or partnership unitholders)
may need the detailed information disclosed on Schedule K-3 for
their specific reporting requirements. To the extent Schedule
K-3 is applicable to your federal income tax return filing needs,
we encourage you to review the information contained on this form
and refer to the appropriate federal laws and guidance or consult
with your tax advisor.
To receive an electronic copy of your Schedule K-3
via email, unitholders may call Tax Package Support toll free at
877-222-3204.
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.
|
|
3838 Oak Lawn Ave., Suite 300 |
|
|
Dallas,
Texas 75219-4541 |
Contact: |
Martye
Miller |
(214)
559-0300 |
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