10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-021916`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	dmlp20230630_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 40 Cash Flow Statement 18 Stockholders Equity 21

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.75M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$10.76M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$14.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$51.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.47M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$472.97M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$473.01M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$372.66M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$360.72M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$100.36M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$112.25M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$860.00K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$959.00K	USD	Point-in-time
Total assets	`Assets`	$176.24M	USD	Point-in-time
Total assets	`Assets`	$153.12M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.13M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.34M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$277.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$281.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.62M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.18M	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`	$7.79M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-60.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$676.00K	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$170.84M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$145.39M	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`	$171.37M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$145.33M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$164.54M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$171.52M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$176.24M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$153.12M	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`	$70.79M	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$47.46M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$30.62M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.81M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$5.47M	USD	2 Qtrs
Operating, including production taxes	`OperatingCostsAndExpenses`	$2.75M	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`	$11.98M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.46M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.60M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$22.91M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$10.81M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$19.91M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$10.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.87M	USD	2 Qtrs
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$1.25M	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$1.42M	USD	2 Qtrs
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$656.00K	USD	1 Quarter
General partner	`NetIncomeLossAllocatedToGeneralPartners`	$2.33M	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$19.15M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$36.07M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$65.61M	USD	2 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$46.46M	USD	2 Qtrs
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$1.21	USD	2 Qtrs
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`	$0.50	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$1.76	USD	2 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.55M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.37M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.37M	shares	2 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.27M	shares	2 Qtrs

Cash Flow Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$67.44M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$68.08M	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`	$549.00K	USD	2 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$74.06M	USD	2 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$53.78M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.43M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.67M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$35.32M	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`	$40.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$35.32M	USD	Point-in-time
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	2 Qtrs
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$14.79M	USD	2 Qtrs

Stockholders Equity 21 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`	$171.37M	USD	Point-in-time
Balance	`PartnersCapital`	$145.33M	USD	Point-in-time
Balance	`PartnersCapital`	$164.54M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Net income	`NetIncomeLoss`	$19.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.87M	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$39.01M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$74.06M	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$53.78M	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$29.28M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$14.79M	USD	2 Qtrs
Balance	`PartnersCapital`	$163.33M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance	`PartnersCapital`	$171.37M	USD	Point-in-time
Balance	`PartnersCapital`	$145.33M	USD	Point-in-time
Balance	`PartnersCapital`	$164.54M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time

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