Dorchester Minerals, L.P. Announces Third Quarter Results
November 01 2018 - 12:36PM
Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP)
announced today the Partnership’s net income for the quarter ended
September 30, 2018 of $9,279,000, or $0.27 per common unit.
A comparison of the Partnership’s consolidated
results for the quarter ended September 30, 2018 and 2017 are set
forth below:
|
Three Months Ended |
|
Nine Months Ended |
|
September 30, |
|
September 30, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Operating Revenues |
$ |
13,938,000 |
|
$ |
12,480,000 |
|
$ |
50,944,000 |
|
$ |
37,760,000 |
Net Income |
$ |
9,279,000 |
|
$ |
7,224,000 |
|
$ |
36,606,000 |
|
$ |
24,195,000 |
Net Income Per Common
Unit |
$ |
0.27 |
|
$ |
0.22 |
|
$ |
1.09 |
|
$ |
0.75 |
The Partnership previously declared its third
quarter distribution in the amount of $0.394813 per common unit
payable on November 8, 2018 to common unit holders of record as of
October 29, 2018. 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 crude oil and natural gas mineral, royalty,
overriding royalty, net profits, and leasehold interests and 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.
Contact:Martye Miller3838 Oak Lawn Ave., Suite 300Dallas, Texas
75219-4541(214) 559-0300
Dorchester Minerals (NASDAQ:DMLP)
Historical Stock Chart
From Apr 2024 to May 2024
Dorchester Minerals (NASDAQ:DMLP)
Historical Stock Chart
From May 2023 to May 2024