Dorchester Minerals, L.P. Announces Its Second Quarter Distribution
July 21 2022 - 1:15PM
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the
Partnership’s second quarter 2022 cash distribution. The
distribution of $0.969012 per common unit represents activity for
the three-month period ended June 30, 2022 and is payable on August
11, 2022 to common unitholders of record as of August 1, 2022.
Cash receipts attributable to the Partnership’s
Royalty Properties during the second quarter totaled approximately
$33.9 million. Approximately 74% of these receipts reflect oil
sales during March 2022 through May 2022 and gas sales during
February 2022 through April 2022, and approximately 26% from prior
sales periods. Cash receipts attributable to the Partnership’s Net
Profits Interests during the second quarter totaled approximately
$5.1 million. Approximately 68% of these receipts reflect oil sales
and gas sales during February 2022 through April 2022, and
approximately 32% from prior sales periods.
Cash receipts attributable to lease bonus and
other income during the second quarter totaled approximately $1.2
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 28 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). Although a portion of Dorchester Minerals,
L.P.’s income may not be effectively connected income and may be
subject to alternative withholding procedures, brokers and nominees
should treat 100% of Dorchester Minerals, L.P.’s distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business.
Accordingly, Dorchester Minerals, L.P.’s distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest marginal rate for individuals or corporations, as
applicable. Nominees, and not Dorchester Minerals, L.P., are
treated as withholding agents responsible for withholding on
distributions received by them on behalf of non-U.S. 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.
Martye Miller
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
(214) 559-0300
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