Dorchester Minerals, L.P. Announces Third Quarter Results
Dorchester Minerals reported strong financial results for Q3 2024, with net income reaching $36,413,000 ($0.87 per common unit), up from $29,463,000 ($0.73 per unit) in Q3 2023. Operating revenues increased to $53,472,000 from $42,594,000 year-over-year. The company declared a Q2 distribution of $0.995785 per common unit, payable November 7, 2024. For the nine months ended September 30, 2024, net income was $78,208,000 ($1.89 per unit) compared to $77,337,000 ($1.94 per unit) in 2023.
Dorchester Minerals ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un reddito netto che ha raggiunto $36.413.000 ($0,87 per unit脿 comune), in aumento rispetto ai $29.463.000 ($0,73 per unit脿) del terzo trimestre del 2023. I ricavi operativi sono aumentati a $53.472.000 rispetto ai $42.594.000 dell'anno precedente. L'azienda ha dichiarato una distribuzione per il secondo trimestre di $0,995785 per unit脿 comune, che sar脿 pagata il 7 novembre 2024. Nei nove mesi terminati il 30 settembre 2024, il reddito netto 猫 stato di $78.208.000 ($1,89 per unit脿) rispetto ai $77.337.000 ($1,94 per unit脿) del 2023.
Dorchester Minerals report贸 resultados financieros s贸lidos para el tercer trimestre de 2024, con un ingreso neto que alcanz贸 $36,413,000 ($0.87 por unidad com煤n), un aumento desde $29,463,000 ($0.73 por unidad) en el tercer trimestre de 2023. Los ingresos operativos aumentaron a $53,472,000 desde $42,594,000 a帽o tras a帽o. La compa帽铆a declar贸 una distribuci贸n del segundo trimestre de $0.995785 por unidad com煤n, pagadera el 7 de noviembre de 2024. Para los nueve meses terminados el 30 de septiembre de 2024, el ingreso neto fue de $78,208,000 ($1.89 por unidad) en comparaci贸n con $77,337,000 ($1.94 por unidad) en 2023.
Dorchester Minerals電 2024雲 3攵勱赴鞐 臧曤牓頃 鞛 瓴瓣臣毳 氤搓碃頃橃榾鞙茧┌, 靾滌澊鞚奠澊 $36,413,000鞐 雼枅鞀惦媹雼 ($0.87 per common unit), 鞚措姅 2023雲 3攵勱赴鞚 $29,463,000 ($0.73 per unit)鞐愳劀 歃濌皜頃 靾橃箻鞛呺媹雼. 鞖挫榿 靾橃澋鞚 鞝勲厔 雽牍 $42,594,000鞐愳劀 $53,472,000搿 歃濌皜頄堨姷雼堧嫟. 須岇偓電 2024雲 11鞗 7鞚检棎 歆旮夒悹 鞓堨爼鞚 鞚茧皹 雼渼雼 $0.995785鞚 2攵勱赴 氚半嫻旮堨潉 氚滍憸頄堨姷雼堧嫟. 2024雲 9鞗 30鞚茧 膦呺霅 9臧滌洈 霃欖晥 靾滌澊鞚奠潃 $78,208,000 ($1.89 per unit)鞙茧 2023雲勳潣 $77,337,000 ($1.94 per unit)瓿 牍勱祼霅╇媹雼.
Dorchester Minerals a rapport茅 de solides r茅sultats financiers pour le troisi猫me trimestre 2024, avec un revenu net atteignant 36 413 000 $ (0,87 $ par unit茅 commune), en hausse par rapport 脿 29 463 000 $ (0,73 $ par unit茅) au troisi猫me trimestre 2023. Les revenus d'exploitation ont augment茅 pour atteindre 53 472 000 $ contre 42 594 000 $ d'une ann茅e sur l'autre. La soci茅t茅 a d茅clar茅 une distribution de 0,995785 $ par unit茅 commune pour le deuxi猫me trimestre, payable le 7 novembre 2024. Pour les neuf mois se terminant le 30 septembre 2024, le revenu net 茅tait de 78 208 000 $ (1,89 $ par unit茅) par rapport 脿 77 337 000 $ (1,94 $ par unit茅) en 2023.
Dorchester Minerals hat f眉r das dritte Quartal 2024 starke finanzielle Ergebnisse gemeldet, mit einem Nettogewinn von $36.413.000 ($0,87 pro Stammaktie), ein Anstieg von $29.463.000 ($0,73 pro Aktie) im dritten Quartal 2023. Die Betriebseinnahmen stiegen auf $53.472.000 gegen眉ber $42.594.000 im Jahresvergleich. Das Unternehmen gab eine Aussch眉ttung f眉r das zweite Quartal von $0,995785 pro Stammaktie bekannt, die am 7. November 2024 zahlbar ist. F眉r die neun Monate bis zum 30. September 2024 betrug der Nettogewinn $78.208.000 ($1,89 pro Aktie) im Vergleich zu $77.337.000 ($1,94 pro Aktie) in 2023.
- Net income increased 23.6% YoY to $36.4M in Q3 2024
- Operating revenues grew 25.5% YoY to $53.5M in Q3 2024
- Quarterly earnings per unit increased 19.2% YoY to $0.87
- Nine-month earnings per unit decreased from $1.94 to $1.89 YoY
Insights
Dorchester Minerals delivered strong Q3 2024 results with
The company's business model as a mineral rights owner provides excellent operating leverage and minimal capital requirements. The
DALLAS, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the 鈥淧artnership鈥) (NASDAQ-DMLP) announced today the Partnership鈥檚 net income for the quarter ended September 30, 2024 of
A comparison of the Partnership鈥檚 consolidated results for the quarters ended September 30, 2024 and 2023 are set forth below:
听 | Three Months Ended | 听 | Nine Months Ended | ||||||||||
听 | September 30, | 听 | September 30, | ||||||||||
听 | 2024 | 听 | 2023 | 听 | 2024 | 听 | 2023 | ||||||
Operating Revenues | $ | 53,472,000 | 听 | 听 | $ | 42,594,000 | 听 | $ | 121,811,000 | 听 | 听 | $ | 113,380,000 |
Net Income | $ | 36,413,000 | 听 | 听 | $ | 29,463,000 | 听 | $ | 78,208,000 | 听 | 听 | $ | 77,337,000 |
Net Income Per Common Unit | $ | 0.87 | 听 | 听 | $ | 0.73 | 听 | $ | 1.89 | 听 | 听 | $ | 1.94 |
听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
The Partnership previously declared its second quarter distribution in the amount of
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.
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鈥檚 properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership鈥檚 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 | (214) 559-0300 |
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