Dorchester Minerals, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:33 pm EDT
Share
Dorchester Minerals, L.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.771 million compared to USD 7.53 million a year ago. Revenue was USD 42.59 million compared to USD 44.06 million a year ago. Net income was USD 28.43 million compared to USD 32.91 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.88 a year ago.
For the nine months, sales was USD 2.48 million compared to USD 8.89 million a year ago. Revenue was USD 113.38 million compared to USD 131.92 million a year ago. Net income was USD 74.89 million compared to USD 98.53 million a year ago. Basic earnings per share from continuing operations was USD 1.94 compared to USD 2.64 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. 
