10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-21-018739`
Period End Date	20210630
Filing Date	20210805
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	dmlp20210630_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

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

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.48M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$5.08M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$8.02M	USD	Point-in-time
Net profits interest receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$3.85M	USD	Point-in-time
Net profits interest receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$1.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.34M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$411.19M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$399.32M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$331.36M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$336.10M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$75.09M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$67.96M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.28M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.39M	USD	Point-in-time
Total assets	`Assets`	$109.41M	USD	Point-in-time
Total assets	`Assets`	$88.33M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.87M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$295.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$300.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.16M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.89M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.90M	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`	$831.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$536.00K	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$104.68M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$84.03M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$112.34M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$105.51M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$87.68M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$108.14M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$92.29M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$84.56M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$88.33M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$109.41M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$6.79M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$39.15M	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$22.27M	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$21.36M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$1.64M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$1.35M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.17M	USD	2 Qtrs
Operating, including production taxes	`OperatingCostsAndExpenses`	$2.79M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.48M	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`	$4.78M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$724.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.23M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.89M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.31M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$10.84M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$12.32M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$5.60M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$4.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.31M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$298.00K	USD	2 Qtrs
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$551.00K	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$60.00K	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$948.00K	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$27.36M	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$1.13M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$15.96M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$9.65M	USD	2 Qtrs
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.46	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`	$0.79	USD	2 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.69M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.68M	shares	2 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	2 Qtrs

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.21M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.41M	USD	2 Qtrs
Net cash contributed in acquisition of royalty properties	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	$-352.00K	USD	2 Qtrs
Net cash contributed in acquisition of royalty properties	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	-	USD	2 Qtrs
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	-	USD	2 Qtrs
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	$262.00K	USD	2 Qtrs
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$614.00K	USD	2 Qtrs
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$19.58M	USD	2 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$30.00M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.25M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.59M	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`	$15.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.23M	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`	$15.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.23M	USD	Point-in-time
Fair value of common units issued for acquisition of royalty properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$12.22M	USD	2 Qtrs
Fair value of common units issued for acquisition of royalty properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$112.34M	USD	Point-in-time
Balance	`PartnersCapital`	$105.51M	USD	Point-in-time
Balance	`PartnersCapital`	$87.68M	USD	Point-in-time
Balance	`PartnersCapital`	$108.14M	USD	Point-in-time
Balance	`PartnersCapital`	$92.29M	USD	Point-in-time
Balance	`PartnersCapital`	$84.56M	USD	Point-in-time
Net income	`NetIncomeLoss`	$16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.31M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$30.00M	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$10.90M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$17.05M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$19.58M	USD	2 Qtrs
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$12.22M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$12.22M	USD	2 Qtrs
Balance	`PartnersCapital`	$112.34M	USD	Point-in-time
Balance	`PartnersCapital`	$105.51M	USD	Point-in-time
Balance	`PartnersCapital`	$87.68M	USD	Point-in-time
Balance	`PartnersCapital`	$108.14M	USD	Point-in-time
Balance	`PartnersCapital`	$92.29M	USD	Point-in-time
Balance	`PartnersCapital`	$84.56M	USD	Point-in-time

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