10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-012548`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	dmlp20230331_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 20 Cash Flow Statement 18 Stockholders Equity 13

Balance Sheet 36 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.75M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$14.54M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$12.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.47M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$473.01M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$472.97M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$367.34M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$360.72M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$105.67M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$112.25M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$909.00K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$959.00K	USD	Point-in-time
Total assets	`Assets`	$169.29M	USD	Point-in-time
Total assets	`Assets`	$176.24M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.13M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.23M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$281.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$279.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.51M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.24M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.76M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$676.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$319.00K	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$164.22M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$170.84M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$163.33M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$142.41M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$171.52M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$164.54M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$176.24M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$169.29M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$40.40M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$40.17M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$2.72M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.27M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$4.47M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.74M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$9.78M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.62M	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$1.08M	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$760.00K	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$29.54M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$27.31M	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	36.99M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.37M	shares	1 Quarter

Cash Flow Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.41M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.74M	USD	1 Quarter
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$747.00K	USD	1 Quarter
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$550.00K	USD	1 Quarter
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$24.50M	USD	1 Quarter
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$35.05M	USD	1 Quarter
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.25M	USD	1 Quarter
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.66M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.75M	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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.75M	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
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.00M	USD	Point-in-time
Fair value of common units issued for acquisitions of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	1 Quarter
Fair value of common units issued for acquisitions of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$14.79M	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$163.33M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$164.54M	USD	Point-in-time
Net income	`NetIncomeLoss`	$28.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.62M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$14.79M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$35.05M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$24.50M	USD	1 Quarter
Balance	`PartnersCapital`	$163.33M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$164.54M	USD	Point-in-time

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