10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001437749-22-011071`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	dmlp20220331_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 20 Cash Flow Statement 22 Stockholders Equity 13

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.97M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$11.53M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$20.23M	USD	Point-in-time
Net profits interest receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$6.82M	USD	Point-in-time
Net profits interest receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$5.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.66M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$440.05M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$453.83M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$341.73M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$346.18M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$98.32M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$107.65M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.11M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.17M	USD	Point-in-time
Total assets	`Assets`	$168.00M	USD	Point-in-time
Total assets	`Assets`	$146.81M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.51M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.87M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$288.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$291.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.15M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.52M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.40M	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`	$982.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$1.21M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$141.43M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$162.12M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$142.41M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$84.56M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$87.68M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$163.33M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$168.00M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$146.81M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$17.79M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$40.40M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.27M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$1.52M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$4.47M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.17M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.99M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$9.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.80M	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$397.00K	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$1.08M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$29.54M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$11.40M	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.68M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	36.99M	shares	1 Quarter

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.51M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.41M	USD	1 Quarter
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	-	USD	1 Quarter
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$747.00K	USD	1 Quarter
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	-	USD	1 Quarter
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	$262.00K	USD	1 Quarter
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$262.00K	USD	1 Quarter
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$747.00K	USD	1 Quarter
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$24.50M	USD	1 Quarter
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$8.68M	USD	1 Quarter
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.09M	USD	1 Quarter
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.66M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.23M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$32.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$32.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.31M	USD	Point-in-time
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$14.79M	USD	1 Quarter
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance	`PartnersCapital`	$84.56M	USD	Point-in-time
Balance	`PartnersCapital`	$87.68M	USD	Point-in-time
Balance	`PartnersCapital`	$163.33M	USD	Point-in-time
Net income	`NetIncomeLoss`	$30.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.80M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$24.50M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$8.68M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$14.79M	USD	1 Quarter
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance	`PartnersCapital`	$84.56M	USD	Point-in-time
Balance	`PartnersCapital`	$87.68M	USD	Point-in-time
Balance	`PartnersCapital`	$163.33M	USD	Point-in-time

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