10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001437749-22-018837`
Period End Date	20220630
Filing Date	20220804
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	dmlp20220630_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 40 Cash Flow Statement 22 Stockholders Equity 23

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.98M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$20.34M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$11.53M	USD	Point-in-time
Net profits interest receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$9.33M	USD	Point-in-time
Net profits interest receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$6.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$72.65M	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`	$453.80M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$341.73M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$350.93M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$102.87M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$98.32M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.06M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$1.17M	USD	Point-in-time
Total assets	`Assets`	$146.81M	USD	Point-in-time
Total assets	`Assets`	$177.19M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.51M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.08M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$286.00K	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`	$4.37M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.59M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.40M	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`	$1.50M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$982.00K	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$141.43M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$169.88M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$171.37M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$163.33M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$84.56M	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`	$142.41M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$146.81M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$177.19M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$87.86M	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$39.15M	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$47.46M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$21.36M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.17M	USD	2 Qtrs
Operating, including production taxes	`OperatingCostsAndExpenses`	$1.64M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.81M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$7.08M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$4.77M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$9.24M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$4.78M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.48M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.55M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$724.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.89M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.60M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$10.84M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$19.91M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$4.85M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$10.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.31M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.32M	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$1.25M	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$551.00K	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$2.33M	USD	2 Qtrs
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$948.00K	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$15.96M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$27.36M	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$65.61M	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$36.07M	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.96	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$1.76	USD	2 Qtrs
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.79	USD	2 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.68M	shares	2 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.69M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.27M	shares	2 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.55M	shares	1 Quarter

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`	$67.44M	USD	2 Qtrs
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$1.00M	USD	2 Qtrs
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$352.00K	USD	2 Qtrs
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	$262.00K	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`	$614.00K	USD	2 Qtrs
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.00M	USD	2 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$19.58M	USD	2 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$53.78M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.67M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.25M	USD	2 Qtrs
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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.98M	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
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.98M	USD	Point-in-time
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$14.79M	USD	2 Qtrs
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$12.22M	USD	2 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$171.37M	USD	Point-in-time
Balance	`PartnersCapital`	$163.33M	USD	Point-in-time
Balance	`PartnersCapital`	$84.56M	USD	Point-in-time
Balance	`PartnersCapital`	$105.51M	USD	Point-in-time
Balance	`PartnersCapital`	$87.68M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Net income	`NetIncomeLoss`	$67.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.31M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$16.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.32M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$14.79M	USD	2 Qtrs
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$12.22M	USD	2 Qtrs
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$12.22M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$29.28M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$19.58M	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$53.78M	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$10.90M	USD	1 Quarter
Balance	`PartnersCapital`	$171.37M	USD	Point-in-time
Balance	`PartnersCapital`	$163.33M	USD	Point-in-time
Balance	`PartnersCapital`	$84.56M	USD	Point-in-time
Balance	`PartnersCapital`	$105.51M	USD	Point-in-time
Balance	`PartnersCapital`	$87.68M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time

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