Dorchester Minerals Q1 net income drops to $0.44/unit from $0.71; revenue down 23%

DORCHESTER MINERALS, L.P.

Net income $18.2M ($0.44/unit) vs $28.1M ($0.71/unit) in Q1 2023.
Operating revenues $31.0M, down 23% year-over-year from $40.2M.
Q1 distribution declared at $0.781837/unit, payable May 9, 2024 to holders of record Apr 29.
Partnership notes cash distributions not comparable to net earnings due to timing and depletion.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

DORCHESTER MINERALS, L.P. reported the quarter ended March 31, 2024 results: revenue $30,979,000, net income $18,167,000, EPS $0.44 per common unit.

Period: the quarter ended March 31, 2024
Revenue: $30,979,000
Net income: $18,167,000
EPS: $0.44 per common unit
Result: reported results

Exact text from the filing

of the Partnership’s consolidated results for the quarter ended March 31, 2024 and 2023 are set forth below: Three Months Ended March 31, 2024 2023 Operating Revenues $ 30,979,000 $ 40,167,000 Net Income $ 18,167,000 $ 28,070,000 Net Income Per Common Unit $ 0.44 $ 0.71 The Partnership previously declared its first quarter distribution in the amount of

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Source: SEC EDGAR

accession 0001437749-24-014363

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