Dorchester Minerals, L.P. Announces Its Third Quarter Distribution
October 18 2018 - 2:10PM
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the
Partnership’s third quarter 2018 cash distribution. The
distribution of $0.394813 per common unit represents activity for
the three-month period ended September 30, 2018 and is payable on
November 8, 2018 to common unitholders of record as of October
29, 2018.
Cash receipts attributable to the Partnership’s
Royalty Properties during the third quarter totaled approximately
$13.6 million. These receipts generally reflect oil sales during
June 2018 through August 2018 and gas sales during May 2018 through
July 2018. Cash receipts attributable to the Partnership’s Net
Profits Interests during the third quarter totaled approximately
$0.4 million. These receipts reflect oil and gas sales from the
properties underlying the Net Profits Interests generally during
May 2018 through July 2018.
Cash receipts attributable to lease bonus and
other income during the third quarter totaled approximately $0.6
million.
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 25 states. Its common units trade on the Nasdaq Global
Select Market under the symbol DMLP.
This release serves as qualified notice to
nominees as provided for under Treasury Regulation Section
1.1446-4(b)(4) and (d). Please note that 100 percent of the
Partnership’s distributions to foreign investors are attributable
to income that is effectively connected with a United States trade
or business. Accordingly, all of the Partnership’s
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals
or corporations, as applicable. Nominees, and not the
Partnership, are treated as withholding agents responsible for
withholding distributions received by them on behalf of foreign
investors.
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
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
(214) 559-0300
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