Dorchester Minerals, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:01 pm EDT
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Dorchester Minerals, L.P. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.18 million compared to USD 1.31 million a year ago. Revenue was USD 30.62 million compared to USD 47.46 million a year ago. Net income was USD 19.15 million compared to USD 36.07 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.96 a year ago.
For the six months, sales was USD 1.71 million compared to USD 1.36 million a year ago. Revenue was USD 70.79 million compared to USD 87.86 million a year ago. Net income was USD 46.46 million compared to USD 65.61 million a year ago. Basic earnings per share from continuing operations was USD 1.21 compared to USD 1.76 a year ago.
Dorchester Minerals, L.P. is an owner of producing and non-producing oil and natural gas minerals, royalty, overriding royalty, net profits, and leasehold interests. The Company is engaged in the acquisition, ownership, and administration of royalty properties and net profits interest (NPI). The NPI represents a net profits overriding royalty interest burdening various properties owned by the operating partnership. The Royalty Properties consist of producing and nonproducing minerals, royalty, overriding royalty, net profits, and leasehold interests located in 593 counties and parishes in 28 states. It has mineral and royalty interests totaling approximately 460,000 net acres located in 593 counties and parishes across Louisiana, New Mexico, Colorado, Texas and others. Its subsidiaries include Dorchester Minerals Oklahoma LP, Dorchester Minerals Oklahoma GP, Inc., Maecenas Minerals LLP, Dorchester-Maecenas GP LLC, The Buffalo Co. and DMLPTBC GP LLC.
DORCHESTER MINERALS, L.P. 
