10-Q Filing

DORCHESTER MINERALS, L.P. CIK: 1172358 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001437749-24-014367`
Period End Date	20240331
Filing Date	20240502
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	dmlp20240331_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 36 Stockholders Equity 26

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Common units (in shares)	`LimitedPartnersCapitalAccountUnitsOutstanding`	40.09M	shares	Point-in-time
Common units (in shares)	`LimitedPartnersCapitalAccountUnitsOutstanding`	40.09M	shares	Point-in-time
Common units (in shares)	`LimitedPartnersCapitalAccountUnitsOutstanding`	38.37M	shares	Point-in-time
Common units (in shares)	`LimitedPartnersCapitalAccountUnitsOutstanding`	38.37M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.02M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$13.84M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$13.84M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$14.41M	USD	Point-in-time
Trade and other receivables	`AccountsReceivableGrossCurrent`	$14.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$69.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$69.71M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$507.06M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$507.06M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$518.88M	USD	Point-in-time
Oil and natural gas properties (full cost method)	`OilAndGasPropertyFullCostMethodGross`	$518.88M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$393.84M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$393.84M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$386.94M	USD	Point-in-time
Accumulated full cost depletion	`OilAndGasPropertyFullCostMethodDepletion`	$386.94M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$125.04M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$125.04M	USD	Point-in-time
Total	`OilAndGasPropertyFullCostMethodNet`	$120.12M	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`	$765.00K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$719.00K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$719.00K	USD	Point-in-time
Total assets	`Assets`	$184.81M	USD	Point-in-time
Total assets	`Assets`	$184.81M	USD	Point-in-time
Total assets	`Assets`	$191.06M	USD	Point-in-time
Total assets	`Assets`	$191.06M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.20M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.20M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.21M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.21M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$270.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$270.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$272.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$272.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.47M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$975.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$975.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$1.04M	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`	$5.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.46M	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	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`	$-799.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-799.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$113.00K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$113.00K	USD	Point-in-time
Unitholders (40,088 and 38,372 common units issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)	`LimitedPartnersCapitalAccount`	$180.15M	USD	Point-in-time
Unitholders (40,088 and 38,372 common units issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)	`LimitedPartnersCapitalAccount`	$180.15M	USD	Point-in-time
Unitholders (40,088 and 38,372 common units issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)	`LimitedPartnersCapitalAccount`	$185.44M	USD	Point-in-time
Unitholders (40,088 and 38,372 common units issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)	`LimitedPartnersCapitalAccount`	$185.44M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$185.56M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$185.56M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$164.54M	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 partnership capital	`PartnersCapital`	$171.52M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$179.35M	USD	Point-in-time
Total partnership capital	`PartnersCapital`	$179.35M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$184.81M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$184.81M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$191.06M	USD	Point-in-time
Total liabilities and partnership capital	`LiabilitiesAndStockholdersEquity`	$191.06M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$40.17M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$40.17M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$30.98M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$30.98M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$2.72M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$2.72M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$2.62M	USD	1 Quarter
Operating, including production taxes	`OperatingCostsAndExpenses`	$2.62M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.64M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.64M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.92M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.74M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.74M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.81M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.81M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.07M	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$760.00K	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$760.00K	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$605.00K	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$605.00K	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$27.31M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$27.31M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$17.56M	USD	1 Quarter
Unitholders	`NetIncomeLossAllocatedToLimitedPartners`	$17.56M	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`	$0.71	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Net income per common unit (basic and diluted) (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.60M	shares	1 Quarter
Weighted average basic and diluted common units outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.60M	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	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.74M	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`	$550.00K	USD	1 Quarter
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$550.00K	USD	1 Quarter
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$4.16M	USD	1 Quarter
Net cash contributed in acquisitions of oil and natural gas properties	`AssetAcquisitionConsiderationTransferredRoyaltyAndMineralRevenueReceived`	$4.16M	USD	1 Quarter
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$41.41M	USD	1 Quarter
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$41.41M	USD	1 Quarter
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$35.05M	USD	1 Quarter
Distributions paid to General Partner and unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$35.05M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.25M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.25M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.29M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.29M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.00M	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`	$40.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$37.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$37.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$47.02M	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`	$45.00M	USD	Point-in-time
Cash and cash equivalents at end 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`	$40.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$37.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$37.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$47.02M	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 acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	1 Quarter
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	1 Quarter
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$17.04M	USD	1 Quarter
Fair value of common units issued for acquisition of oil and natural gas properties	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$17.04M	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$185.56M	USD	Point-in-time
Balance	`PartnersCapital`	$185.56M	USD	Point-in-time
Balance	`PartnersCapital`	$164.54M	USD	Point-in-time
Balance	`PartnersCapital`	$164.54M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$179.35M	USD	Point-in-time
Balance	`PartnersCapital`	$179.35M	USD	Point-in-time
Net income	`NetIncomeLoss`	$18.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.07M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$35.05M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$35.05M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$41.41M	USD	1 Quarter
Distributions	`PartnersCapitalAccountDistributions`	$41.41M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$17.04M	USD	1 Quarter
Acquisition of assets for units	`PartnersCapitalAccountAcquisitions`	$17.04M	USD	1 Quarter
Balance	`PartnersCapital`	$185.56M	USD	Point-in-time
Balance	`PartnersCapital`	$185.56M	USD	Point-in-time
Balance	`PartnersCapital`	$164.54M	USD	Point-in-time
Balance	`PartnersCapital`	$164.54M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$171.52M	USD	Point-in-time
Balance	`PartnersCapital`	$179.35M	USD	Point-in-time
Balance	`PartnersCapital`	$179.35M	USD	Point-in-time

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