Dorchester Minerals, L.P. Announces Two Acquisitions of Mineral, Royalty and Overriding Royalty Interests

$DMLP
Oil & Gas Production
Energy
Get the next $DMLP alert in real time by email

DALLAS, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today it has completed two previously announced acquisitions of mineral, royalty and overriding royalty interests.

The transactions were both structured as non-taxable contribution and exchanges.

In one transaction, the contributing entities conveyed their interests to the Partnership in exchange for 6,721,144 common units representing limited partnership interests in Dorchester Minerals, L.P.

In a separate transaction, the contributing entity conveyed its interests to the Partnership in exchange for 530,000 common units representing limited partnership interests in Dorchester Minerals, L.P.

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.



Martye Miller  (214) 559-0300
Get the next $DMLP alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$DMLP

DatePrice TargetRatingAnalyst
More analyst ratings

$DMLP
Press Releases

Fastest customizable press release news feed in the world

See more
  • Dorchester Minerals, L.P. Announces 2024 Results

    DALLAS, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today the Partnership's net income for the year ended December 31, 2024 of $92,449,000 or $2.13 per common unit. A comparison of the Partnership's consolidated results for the twelve month periods ended December 31, 2024 and 2023 are set forth below:  Twelve Months Ended December 31,  2024   2023 Operating Revenues$161,523,000  $163,799,000 Net Income$92,449,000  $114,117,000 Net Income Per Common Unit$2.13  $2.85   The Partnership's independent engineering consultant estimated its total proved oil and natural gas reserves to be 17.0 million barrels of oil equivalent (mmboe) as

    $DMLP
    Oil & Gas Production
    Energy
  • Dorchester Minerals, L.P. Announces Its Fourth Quarter Distribution

    DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) -- — Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership's fourth quarter 2024 cash distribution. The distribution of $0.739412 per common unit represents activity for the three-month period ended December 31, 2024 and is payable on February 13, 2025 to common unitholders of record as of February 3, 2025. Cash receipts attributable to the Partnership's Royalty Properties during the fourth quarter totaled approximately $34.9 million. Approximately 68% of these receipts reflect oil sales during September 2024 through November 2024 and natural gas sales during August 2024 through October 2024, and approximately 32% from prior sales

    $DMLP
    Oil & Gas Production
    Energy
  • Dorchester Minerals, L.P. Announces Third Quarter Results

    DALLAS, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today the Partnership's net income for the quarter ended September 30, 2024 of $36,413,000, or $0.87 per common unit. A comparison of the Partnership's consolidated results for the quarters ended September 30, 2024 and 2023 are set forth below:  Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023Operating Revenues$53,472,000  $42,594,000 $121,811,000  $113,380,000Net Income$36,413,000  $29,463,000 $78,208,000  $77,337,000Net Income Per Common Unit$0.87  $0.73 $1.89  $1.94               The Partnership previously declared its second quarter distri

    $DMLP
    Oil & Gas Production
    Energy

$DMLP
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$DMLP
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$DMLP
SEC Filings

See more

$DMLP
Leadership Updates

Live Leadership Updates

See more
  • Dorchester Minerals, L.P. Announces Appointment of Manager to Board of Managers

    DALLAS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today that it received notification from Yelar Partners, L.L.P. that it has appointed Ms. Lesley Carver, to succeed Mr. Raley as its appointed manager of the board of managers of Dorchester Minerals Management GP LLC, the general partner of the Partnership's general partner (the "Board"), effective January 10, 2024. Casey McManemin, Chairman of the Board, stated, "We are pleased to welcome Ms. Carver as a new appointed manager. Her diverse financial, operational and technical experience will be a significant asset to our board, and she will bring a new perspective to our overs

    $DMLP
    Oil & Gas Production
    Energy
  • Dorchester Minerals, L.P. Announces Retirement of James E. Raley

    DALLAS, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the "Partnership") (NASDAQ-DMLP) announced today that it received notification that Mr. James E. Raley, an appointed manager of the board of managers of the general partner of the general partner of the Partnership (the "Board") retired, effective as of December 29, 2023. In recognition of his outstanding record of service, the Board has designated Mr. Raley as a Manager Emeritus, an honorary designation (without compensation or voting rights) that reflects the enduring mark he has left on Dorchester and its people. Casey McManemin, Chairman of the Board, stated "Jim's steady leadership and dedication have been instrume

    $DMLP
    Oil & Gas Production
    Energy

$DMLP
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more