10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001437749-24-005193`
Period End Date	20231231
Filing Date	20240222
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	dmlp20231231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 33 Cash Flow Statement 50 Stockholders Equity 22

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Common units (in shares)	`PartnersCapitalAccountUnits`	38.37M	shares	Point-in-time
Common units (in shares)	`PartnersCapitalAccountUnits`	39.58M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.02M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$14.54M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$14.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$69.71M	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`	$507.06M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$386.94M	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`	$120.12M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$765.00K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$959.00K	USD	Point-in-time
Total assets	`Assets`	$191.06M	USD	Point-in-time
Total assets	`Assets`	$176.24M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.20M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.13M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$272.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$281.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.41M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.31M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.72M	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$113.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$676.00K	USD	Point-in-time
Unitholders (39,583 and 38,372 common units issued and outstanding as of December 31, 2023 and 2022, respectively)	`LimitedPartnersCapitalAccount`	$185.44M	USD	Point-in-time
Unitholders (39,583 and 38,372 common units issued and outstanding as of December 31, 2023 and 2022, respectively)	`LimitedPartnersCapitalAccount`	$170.84M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$185.56M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$171.52M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$84.56M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$142.41M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$191.06M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$176.24M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$163.80M	USD	Annual
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$170.80M	USD	Annual
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$93.42M	USD	Annual
Production taxes	`ProductionTaxExpense`	$5.78M	USD	Annual
Production taxes	`ProductionTaxExpense`	$6.58M	USD	Annual
Production taxes	`ProductionTaxExpense`	$3.67M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$6.31M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$6.43M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$3.93M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$26.31M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$10.46M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$19.08M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.19M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.22M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.16M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$49.68M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$40.19M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$23.25M	USD	Annual
Net income	`NetIncomeLoss`	$114.12M	USD	Annual
Net income	`NetIncomeLoss`	$70.17M	USD	Annual
Net income	`NetIncomeLoss`	$130.61M	USD	Annual
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$4.49M	USD	Annual
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$2.35M	USD	Annual
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$3.73M	USD	Annual
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$126.12M	USD	Annual
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$67.83M	USD	Annual
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$110.39M	USD	Annual
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$2.85	USD	Annual
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$1.94	USD	Annual
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$3.35	USD	Annual
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.78M	shares	Annual
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.05M	shares	Annual
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.62M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$114.12M	USD	Annual
Net income	`NetIncomeLoss`	$70.17M	USD	Annual
Net income	`NetIncomeLoss`	$130.61M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$26.31M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$10.46M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$19.08M	USD	Annual
Amortization of operating lease right-of-use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$209.00K	USD	Annual
Amortization of operating lease right-of-use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$224.00K	USD	Annual
Amortization of operating lease right-of-use asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$194.00K	USD	Annual
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.97M	USD	Annual
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.14M	USD	Annual
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$442.00K	USD	Annual
Net profits interest receivable - related party	`IncreaseDecreaseInDueFromRelatedParties`	$348.00K	USD	Annual
Net profits interest receivable - related party	`IncreaseDecreaseInDueFromRelatedParties`	$4.91M	USD	Annual
Net profits interest receivable - related party	`IncreaseDecreaseInDueFromRelatedParties`	$1.10M	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$930.00K	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.05M	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$623.00K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-300.00K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-281.00K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-291.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.31M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$139.84M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$147.05M	USD	Annual
Net cash contributed in acquisitions	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	$-2.32M	USD	Annual
Net cash contributed in acquisitions	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	$-2.28M	USD	Annual
Net cash contributed in acquisitions	`PaymentsForProceedsFromAcquisitionOfRoyaltyInterests`	$-2.09M	USD	Annual
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	-	USD	Annual
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	$262.00K	USD	Annual
Proceeds from the sale of oil and natural gas properties	`ProceedsFromTheSaleOfOilAndNatualGasProperties`	-	USD	Annual
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.09M	USD	Annual
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.28M	USD	Annual
Total cash flows provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.58M	USD	Annual
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$135.85M	USD	Annual
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$136.69M	USD	Annual
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$55.81M	USD	Annual
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$12.45M	USD	Annual
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$17.07M	USD	Annual
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.27M	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.31M	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`	$40.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$47.02M	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`	$11.23M	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`	$47.02M	USD	Point-in-time
Fair value of common units issued for acquisitions	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$35.78M	USD	Annual
Fair value of common units issued for acquisitions	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$35.19M	USD	Annual
Fair value of common units issued for acquisitions	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$43.48M	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Distributions, per unit (in dollars per share)	`DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit`	$3.40	USD	Annual
Balance	`PartnersCapital`	$185.56M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$84.56M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance (in shares)	`PartnersCapitalAccountUnits`	38.37M	shares	Point-in-time
Balance (in shares)	`PartnersCapitalAccountUnits`	39.58M	shares	Point-in-time
Net income	`NetIncomeLoss`	$114.12M	USD	Annual
Net income	`NetIncomeLoss`	$70.17M	USD	Annual
Net income	`NetIncomeLoss`	$130.61M	USD	Annual
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$35.19M	USD	Annual
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$35.78M	USD	Annual
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$43.48M	USD	Annual
Distributions	`PartnersCapitalAccountDistributions`	$55.81M	USD	Annual
Distributions	`PartnersCapitalAccountDistributions`	$135.85M	USD	Annual
Distributions	`PartnersCapitalAccountDistributions`	$136.69M	USD	Annual
Balance	`PartnersCapital`	$185.56M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$84.56M	USD	Point-in-time
Balance	`PartnersCapital`	$142.41M	USD	Point-in-time
Balance (in shares)	`PartnersCapitalAccountUnits`	38.37M	shares	Point-in-time
Balance (in shares)	`PartnersCapitalAccountUnits`	39.58M	shares	Point-in-time

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