10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-030024`
Period End Date	20230930
Filing Date	20231102
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	dmlp20230930_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 40 Cash Flow Statement 18 Stockholders Equity 24

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.49M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$14.54M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$14.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.47M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$507.12M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$472.97M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$379.25M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$360.72M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$112.25M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$127.87M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$959.00K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$812.00K	USD	Point-in-time
Total assets	`Assets`	$192.29M	USD	Point-in-time
Total assets	`Assets`	$176.24M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.47M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.13M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$281.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$275.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.41M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.11M	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`	$8.85M	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`	$38.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$676.00K	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$183.40M	USD	Point-in-time
Unitholders	`LimitedPartnersCapitalAccount`	$170.84M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$183.44M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$171.52M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$145.33M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$142.41M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$188.23M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$171.37M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$176.24M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$192.29M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$131.92M	USD	3 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$113.38M	USD	3 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$42.59M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$44.06M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.71M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$10.26M	USD	3 Qtrs
Operating, including production taxes	`OperatingCostsAndExpenses`	$3.18M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$9.19M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.62M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$18.60M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$4.25M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$13.49M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.26M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.02M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.80M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$9.86M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$13.13M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$36.04M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$29.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.34M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$102.15M	USD	3 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$3.62M	USD	3 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$1.29M	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$1.03M	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$2.44M	USD	3 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$98.53M	USD	3 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$74.89M	USD	3 Qtrs
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$32.91M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$28.43M	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$1.94	USD	3 Qtrs
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$2.64	USD	3 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.79M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.56M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.51M	shares	3 Qtrs
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.37M	shares	3 Qtrs

Cash Flow Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.93M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$113.38M	USD	3 Qtrs
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$1.82M	USD	3 Qtrs
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$2.01M	USD	3 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$101.19M	USD	3 Qtrs
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$91.53M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$23.68M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.74M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$51.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$43.49M	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`	$28.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$51.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$43.49M	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`	$28.31M	USD	Point-in-time
Fair value of common units issued for acquisitions of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$35.78M	USD	3 Qtrs
Fair value of common units issued for acquisitions of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$35.19M	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$183.44M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$145.33M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance	`PartnersCapital`	$188.23M	USD	Point-in-time
Balance	`PartnersCapital`	$171.37M	USD	Point-in-time
Net income	`NetIncomeLoss`	$34.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.34M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$102.15M	USD	3 Qtrs
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$35.19M	USD	3 Qtrs
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$35.78M	USD	3 Qtrs
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$35.78M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$20.40M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$27.13M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$101.19M	USD	3 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$91.53M	USD	3 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$37.75M	USD	1 Quarter
Balance	`PartnersCapital`	$183.44M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$145.33M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance	`PartnersCapital`	$188.23M	USD	Point-in-time
Balance	`PartnersCapital`	$171.37M	USD	Point-in-time

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