Dorchester Minerals, L.P. Announces Second Quarter Results
August 06 2018 - 12:05PM
Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP)
announced today the Partnership’s net income for the quarter ended
June 30, 2018 of $16,364,000, or $0.49 per common unit.
A comparison of the Partnership’s consolidated
results for the quarter ended June 30, 2018 and 2017 are set forth
below:
|
Three Months Ended |
|
Six Months Ended |
|
June 30, |
|
June 30, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Operating Revenues |
$ |
21,123,000 |
|
|
$ |
12,553,000 |
|
$ |
37,006,000 |
|
|
$ |
25,280,000 |
Net Income |
$ |
16,364,000 |
|
|
$ |
8,449,000 |
|
$ |
27,327,000 |
|
|
$ |
16,971,000 |
Net Income Per Common
Unit |
$ |
0.49 |
|
|
$ |
0.26 |
|
$ |
0.82 |
|
|
$ |
0.53 |
The Partnership previously declared its second
quarter distribution in the amount of $0.537264 per common unit
payable on August 10, 2018 to common unit holders of record as of
July 30, 2018. The Partnership’s cash distributions are not
comparable to its net earnings due to timing and other differences
including depletion.
Dorchester Minerals, L.P. is a Dallas based owner of producing
and non-producing crude oil and natural gas mineral, royalty,
overriding royalty, net profits, and leasehold interests, and 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: |
Casey McManemin |
(214) 559-0300 |
|
|
3838 Oak Lawn Ave.,
Suite 300 |
|
|
Dallas, Texas
75219-4541 |
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