10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-20-022739`
Period End Date	20200930
Filing Date	20201105
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	dmlp20200930_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`	$14.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.34M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$7.06M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$4.50M	USD	Point-in-time
Net profits interests receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$5.88M	USD	Point-in-time
Net profits interests receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$2.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.35M	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`	$399.99M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$328.93M	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`	$71.06M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.63M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.45M	USD	Point-in-time
Total assets	`Assets`	$94.63M	USD	Point-in-time
Total assets	`Assets`	$116.88M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.51M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.05M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$303.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$310.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.81M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.96M	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`	$4.77M	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$619.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$1.23M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$111.11M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$89.24M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$92.29M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$123.53M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$117.94M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$86.65M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$89.86M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$112.34M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$94.63M	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`	$59.20M	USD	3 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$19.57M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$34.82M	USD	3 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$12.54M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$4.78M	USD	3 Qtrs
Operating, including production taxes	`OperatingCostsAndExpenses`	$1.53M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$4.32M	USD	3 Qtrs
Operating, including production taxes	`OperatingCostsAndExpenses`	$1.38M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$9.87M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$9.46M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$3.63M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$3.16M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.46M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.11M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.69M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.23M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$19.24M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$6.93M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$18.76M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$6.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.44M	USD	3 Qtrs
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$463.00K	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$490.00K	USD	3 Qtrs
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$1.36M	USD	3 Qtrs
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$192.00K	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$5.43M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$39.08M	USD	3 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$15.08M	USD	3 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$12.40M	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.35	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.15	USD	3 Qtrs
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.43	USD	3 Qtrs
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.16	USD	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.96M	shares	3 Qtrs
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	3 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.68M	shares	1 Quarter

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.05M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$54.76M	USD	3 Qtrs
Net cash contributed in acquisition	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	$-1.41M	USD	3 Qtrs
Net cash contributed in acquisition	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	-	USD	3 Qtrs
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	$5.52M	USD	3 Qtrs
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	$439.00K	USD	3 Qtrs
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.52M	USD	3 Qtrs
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.84M	USD	3 Qtrs
Distributions paid to General Partner and unitholders	`DistributionsMadeToGeneralPartnerAndLimitedPartnerCashDistributionsPaid`	$38.05M	USD	3 Qtrs
Distributions paid to General Partner and unitholders	`DistributionsMadeToGeneralPartnerAndLimitedPartnerCashDistributionsPaid`	$52.97M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-485.00K	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.63M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.92M	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`	$18.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.92M	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`	$18.29M	USD	Point-in-time
Fair value of common units issued for acquisition	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	3 Qtrs
Fair value of common units issued for acquisition	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$43.82M	USD	3 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$92.29M	USD	Point-in-time
Balance	`PartnersCapital`	$123.53M	USD	Point-in-time
Balance	`PartnersCapital`	$117.94M	USD	Point-in-time
Balance	`PartnersCapital`	$86.65M	USD	Point-in-time
Balance	`PartnersCapital`	$89.86M	USD	Point-in-time
Balance	`PartnersCapital`	$112.34M	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.44M	USD	3 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$18.45M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$52.97M	USD	3 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$8.05M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$38.05M	USD	3 Qtrs
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$43.82M	USD	3 Qtrs
Balance	`PartnersCapital`	$92.29M	USD	Point-in-time
Balance	`PartnersCapital`	$123.53M	USD	Point-in-time
Balance	`PartnersCapital`	$117.94M	USD	Point-in-time
Balance	`PartnersCapital`	$86.65M	USD	Point-in-time
Balance	`PartnersCapital`	$89.86M	USD	Point-in-time
Balance	`PartnersCapital`	$112.34M	USD	Point-in-time

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