About Dorchester Minerals, L.P
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 587 counties and parishes in 27 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership. Dorchester Minerals Management LP serves as the general partner of Dorchester Minerals, L.P. The company was incorporated in 2001 and is based in Dallas, Texas. Address: 3838 Oak Lawn Avenue, Dallas, TX, United States, 75219-4541
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Latest news about Dorchester Minerals, L.P (DMLP) common stock and company :
The Dow Jones crashed lower amid growing China fears. Nvidia stock flashed a sell signal, while Tesla stock hit the skids. Apple stock fell.
While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus spending, many smart money investors are starting to get cautious towards the current bull run since March, 2020 and hedging or reducing many of their long positions. Some fund managers are betting on Dow […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 866 world-class investment firms that we track and now have access to the collective wisdom contained in […]
DALLAS, May 06, 2021 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended March 31, 2021 of $11,801,000, or $0.33 per common unit. A comparison of the Partnership’s consolidated results for the quarter ended March 31, 2021 and 2020 are set forth below: Three Months Ended March 31, 2021 2020Operating Revenues$17,789,000 $15,476,000 Net Income$ 11,801,000 $ 8,761,000 Net Income Per Common Unit$0.33 $0.25 The Partnership previously declared its first quarter distribution in the amount of $0.303441 per common unit payable on May 13, 2021 to common unit holders of record as of May 3, 2021. The Partnership’s cash distributions are not comparable to its net earnings due to timing and other differences including depletion. On April 30, 2021, the Partnership entered into a contribution and exchange agreement with an unrelated third party to acquire overriding royalty interests in the Bakken Trend totaling approximately 6,400 net royalty acres under 63,000 gross acres in Dunn, McKenzie, McLean and Mountrail Counties, North Dakota. The transaction is structured as a non-taxable contribution and exchange. The contributing entity will convey their interests to DMLP in exchange for 725,000 common limited partnership units of Dorchester Minerals, L.P. The acquisition is expected to close on June 30, 2021, subject to customary closing conditions, with a cash receipt reference date of April 1, 2021. Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 26 states. Its common units trade on the NASDAQ Global Select Market under the symbol DMLP. FORWARD-LOOKING STATEMENTS Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price or demand for oil and natural gas, changes in the operations on or development of the Partnership’s properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership’s financial position, business strategy and other plans and objectives for future operations. These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission. Contact:Martye Miller(214) 559-0300
Dividend paying stocks in the U.S. stock market are continuing to coast on the positive momentum they established in the second half of 2020.
If you looked just at dividend increases and decreases announced by publicly traded U.S. firms during January 2021, you would think it was a pretty run-of-the-mill month.
In trading on Monday, shares of Dorchester Minerals LP (DMLP) crossed below their 200 day moving average of $11.04, changing hands as low as $10.95 per share. Dorchester Minerals LP shares are currently trading off about 3.2% on the day..
In this article we will take a look at whether hedge funds think Dorchester Minerals LP (NASDAQ:DMLP) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]