10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-20-016838`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	dmlp20200630_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 40 Cash Flow Statement 22 Stockholders Equity 21

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.34M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$3.14M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$7.06M	USD	Point-in-time
Net profits interests receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$5.88M	USD	Point-in-time
Net profits interests receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$317.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.28M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$405.67M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$405.67M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$325.80M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$319.54M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$86.13M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$79.88M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.63M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.51M	USD	Point-in-time
Total assets	`Assets`	$116.88M	USD	Point-in-time
Total assets	`Assets`	$97.39M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.05M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.76M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$310.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$305.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.36M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$2.03M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$2.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.10M	USD	Point-in-time
Commitments and contingencies (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$629.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$1.23M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$91.66M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$111.11M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$92.29M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$112.34M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$86.65M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$108.14M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$123.53M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$127.21M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$97.39M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$116.88M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$20.60M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$39.63M	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$22.27M	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$6.79M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.40M	USD	2 Qtrs
Operating, including production taxes	`OperatingCostsAndExpenses`	$2.79M	USD	2 Qtrs
Operating, including production taxes	`OperatingCostsAndExpenses`	$1.79M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$1.35M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.30M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.94M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.24M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$3.93M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.42M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.31M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.28M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.23M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$12.32M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$12.06M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$7.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.60M	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$455.00K	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$298.00K	USD	2 Qtrs
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$60.00K	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$901.00K	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$26.67M	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$9.65M	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$13.14M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$1.13M	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.38	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.28	USD	2 Qtrs
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.80	USD	2 Qtrs
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.68M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.68M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.48M	shares	2 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.68M	shares	2 Qtrs

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.41M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.30M	USD	2 Qtrs
Net cash contributed in acquisition	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	$-1.41M	USD	2 Qtrs
Net cash contributed in acquisition	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	-	USD	2 Qtrs
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	$350.00K	USD	2 Qtrs
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	-	USD	2 Qtrs
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.76M	USD	2 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$30.00M	USD	2 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$34.52M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.59M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.54M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$18.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$18.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.82M	USD	Point-in-time
Fair value of common units issued for acquisition	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$43.82M	USD	2 Qtrs
Fair value of common units issued for acquisition	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	2 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$92.29M	USD	Point-in-time
Balance	`PartnersCapital`	$112.34M	USD	Point-in-time
Balance	`PartnersCapital`	$86.65M	USD	Point-in-time
Balance	`PartnersCapital`	$108.14M	USD	Point-in-time
Balance	`PartnersCapital`	$123.53M	USD	Point-in-time
Balance	`PartnersCapital`	$127.21M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.60M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$30.00M	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$17.05M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$34.52M	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$17.28M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$43.82M	USD	2 Qtrs
Balance	`PartnersCapital`	$92.29M	USD	Point-in-time
Balance	`PartnersCapital`	$112.34M	USD	Point-in-time
Balance	`PartnersCapital`	$86.65M	USD	Point-in-time
Balance	`PartnersCapital`	$108.14M	USD	Point-in-time
Balance	`PartnersCapital`	$123.53M	USD	Point-in-time
Balance	`PartnersCapital`	$127.21M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.