DMLP
Dorchester Minerals, L.P.21.65
-0.41-1.86%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.04BP/E (TTM)
20.05Basic EPS (TTM)
1.08Dividend Yield
0.13%Recent Filings
8-K
10-Q
Q3 FY2025 results
Dorchester Minerals posted Q3 revenues of $35.4M, down 34% y/y from $53.5M amid softer oil prices, yet net income held at $11.2M versus $36.4M last year, buoyed by higher natural gas realizations up 145% to $2.35/mcf. Royalty revenues fell to $31.5M from $45.1M y/y, while net profits interest dipped to $3.5M from $7.8M; YTD, revenues slid 9% to $111.0M with net income at $41.2M, down 47% from $78.2M, as depletion surged 97% to $48.5M on reserve adjustments. Acquisitions added 3,050 net royalty acres in Colorado for $23.0M in units on August 29, 2025, recognizing $19.0M in net properties. Cash from operations reached $98.2M YTD, down 3% y/y, with $41.6M on hand and no debt. Volumes stayed flat for oil but rose 8% for gas YTD. Distributions totaled $2.09 per unit YTD. Commodity price swings remain a key risk.
8-K
Q3 net income drops 69%
Dorchester Minerals reported Q3 2025 net income of $11.2 million, down sharply from $36.4 million in Q3 2024, as operating revenues fell to $35.4 million from $53.5 million amid softer oil and gas prices. The partnership declared a $0.69 per common unit distribution, payable November 13, 2025. Cash flows lag earnings due to depletion timing. Volatility in commodity prices poses ongoing risks.
8-K
Q3 distribution announced
Dorchester Minerals announced a third-quarter 2025 cash distribution of $0.689883 per common unit, payable November 13 to unitholders of record November 3, reflecting strong royalty receipts. Total cash inflows hit $33.0 million from Royalty Properties and $5.1 million from Net Profits Interests, driven mostly by recent oil and gas sales. Lease bonus income added $0.4 million. Yet distributions hinge on volatile commodity prices.
8-K
Dorchester acquires Colorado minerals
Dorchester Minerals completed an acquisition of mineral interests spanning 3,050 net royalty acres in Adams County, Colorado, on August 29, 2025. Structured as a non-taxable contribution and exchange, the deal saw contributing entities receive 915,694 common units. This bolsters the Partnership's royalty portfolio across 28 states. Forward-looking statements highlight risks from oil and gas price volatility.
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