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incorporation)
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Identification No.)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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And 9.01 |
Regulation FD Disclosure and Financial Statements and Exhibits
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(c)
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See Item 2.02. Results of Operations and Financial Condition.
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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DORCHESTER MINERALS, L.P.
Registrant
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by Dorchester Minerals Management LP
its General Partner,
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by Dorchester Minerals Management GP LLC
its General Partner
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By: | /s/ Leslie A. Moriyama | |
Leslie A. Moriyama | ||
Chief Financial Officer |
Exhibit 99.1
NEWS RELEASE |
Dorchester Minerals, L.P. |
Release Date: |
May 4, 2023 |
3838 Oak Lawn Ave., Suite 300 |
Dallas, Texas 75219-4541 |
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Contact: |
Martye Miller |
(214) 559-0300 |
Dorchester Minerals, L.P. Announces First Quarter Results
DALLAS, TEXAS -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended March 31, 2023 of $28,070,000, or $0.71 per common unit.
A comparison of the Partnership’s consolidated results for the quarter ended March 31, 2023 and 2022 are set forth below:
Three Months Ended |
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March 31, |
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2023 |
2022 |
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Operating Revenues |
$ | 40,167,000 | $ | 40,401,000 | ||||
Net Income |
$ | 28,070,000 | $ | 30,624,000 | ||||
Net Income Per Common Unit |
$ | 0.71 | $ | 0.80 |
The Partnership previously declared its first quarter distribution in the amount of $0.989656 per common unit payable on May 11, 2023 to common unitholders of record as of May 1, 2023. 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.
Document And Entity Information |
May 04, 2023 |
---|---|
Document Information [Line Items] | |
Entity, Registrant Name | DORCHESTER MINERALS, L.P. |
Document, Type | 8-K |
Document, Period End Date | May 04, 2023 |
Entity, Incorporation, State or Country Code | DE |
Entity, File Number | 000-50175 |
Entity, Tax Identification Number | 81-0551518 |
Entity, Address, Address Line One | 3838 Oak Lawn |
Entity, Address, Address Line Two | Suite 300 |
Entity, Address, City or Town | Dallas |
Entity, Address, State or Province | TX |
Entity, Address, Postal Zip Code | 75219 |
City Area Code | 214 |
Local Phone Number | 559-0300 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Units Representing Limited Partnership Interest |
Trading Symbol | DMLP |
Security Exchange Name | NASDAQ |
Entity, Emerging Growth Company | false |
Amendment Flag | false |
Entity, Central Index Key | 0001172358 |
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