Dorchester Minerals 2024 net income $92.4M ($2.13/unit); proved reserves 17.0 mmboe

DORCHESTER MINERALS, L.P.

Net income $92.4M ($2.13/unit) vs $114.1M ($2.85/unit) in 2023, down 19% YoY.
Operating revenues $161.5M vs $163.8M in 2023, essentially flat with slight decline.
Proved reserves estimated at 17.0 mmboe as of Dec 31, 2024; 86% royalty properties, 14% net profits interest.
Oil & NGLs account for 65% of proved reserves, all classified as proved developed producing.
Distributions totaling $141.6M paid from May 2024 through Feb 2025 attributable to 2024 activity.

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