2016 Q4 Form 10-Q Financial Statement

#000143774916040966 Filed on November 03, 2016

View on sec.gov

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	30675431
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Entity Central Index Key EntityCentralIndexKey	0001172358
	dei	Entity Registrant Name EntityRegistrantName	Dorchester Minerals, L.P.
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Trading Symbol TradingSymbol	dmlp
	dmlp	Lease Bonus LeaseBonus	51000
	dmlp	Proceeds From Sale Of Net Profit Interest Reserves ProceedsFromSaleOfNetProfitInterestReserves
	dmlp	Proceeds From Sale Of Net Profit Interest Reserves ProceedsFromSaleOfNetProfitInterestReserves	138000
CY2016Q3	dmlp	Lease Bonus LeaseBonus	865000
CY2015Q3	dmlp	Lease Bonus LeaseBonus	1000
	dmlp	Lease Bonus LeaseBonus	2509000
CY2016Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1196000
CY2015Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	481000
CY2016Q3	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	3851000
CY2015Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	2639000
CY2016Q3	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	1557000
CY2015Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	3005000
CY2016Q3	us-gaap	Assets Assets	69296000
CY2015Q4	us-gaap	Assets Assets	73729000
CY2016Q3	us-gaap	Assets Current AssetsCurrent	14904000
	dei	Amendment Flag AmendmentFlag	false
CY2015Q4	us-gaap	Assets Current AssetsCurrent	12780000
CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9496000
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7136000
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15912000
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8113000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	2360000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-7799000
CY2016Q3	us-gaap	Cost Of Goods Sold Oil And Gas CostOfGoodsSoldOilAndGas	902000
CY2015Q3	us-gaap	Cost Of Goods Sold Oil And Gas CostOfGoodsSoldOilAndGas	593000
	us-gaap	Cost Of Goods Sold Oil And Gas CostOfGoodsSoldOilAndGas	2180000
	us-gaap	Cost Of Goods Sold Oil And Gas CostOfGoodsSoldOilAndGas	2604000
CY2016Q3	us-gaap	Costs And Expenses CostsAndExpenses	4032000
CY2015Q3	us-gaap	Costs And Expenses CostsAndExpenses	4706000
	us-gaap	Costs And Expenses CostsAndExpenses	12718000
	us-gaap	Costs And Expenses CostsAndExpenses	13946000
CY2016Q3	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	36000
CY2015Q4	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	54000
CY2016Q3	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent
CY2015Q4	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	23000
CY2016Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2080000
CY2015Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3048000
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6571000
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7854000
	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</div><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-weight: bold;">New Accounting Pronouncements:</div></div> In May 2014, the Financial Accounting Standards Board (&#x201c;FASB&#x201d;) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP.</div> </div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 21.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The standard is effective for annual periods beginning after December 15, 2017, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). We are currently evaluating the impact of our pending adoption of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2018.</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 21.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 is effective for public companies for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. Companies must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Partnership is currently evaluating ASU 2016-02 to determine the potential impact to its consolidated financial statements and related disclosures.</div></div></div>
	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	19203000
	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	30413000
CY2016Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.147417
CY2015Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.306553
CY2014Q1	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.496172
CY2016Q2	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.257977
CY2015Q2	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.16743
CY2014Q2	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.490861
CY2016Q3	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.252224
CY2015Q3	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.194234
CY2014Q3	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.447805
CY2015Q4	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.199076
CY2014Q4	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	0.48578
CY2016Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.21
CY2015Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.08
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.44
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.33
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1050000
CY2015Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1065000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3967000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3488000
CY2016Q3	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	1831000
CY2015Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	1996000
CY2016Q3	us-gaap	Liabilities Liabilities	1232000
CY2015Q4	us-gaap	Liabilities Liabilities	558000
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	69296000
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	73729000
CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	1232000
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	535000
CY2016Q3	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	66233000
CY2015Q4	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	71175000
CY2016Q3	us-gaap	Limited Partners Capital Account Units Outstanding LimitedPartnersCapitalAccountUnitsOutstanding	30675431
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	21563000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	22476000
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	6647000
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	2683000
	us-gaap	Net Income Loss NetIncomeLoss	14096000
	us-gaap	Net Income Loss NetIncomeLoss	10530000
CY2016Q3	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	230000
CY2015Q3	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	103000
	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	496000
	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	405000
CY2016Q3	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	6417000
CY2015Q3	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	2580000
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	13600000
	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	10125000
CY2016Q3	us-gaap	Oil And Gas Property Full Cost Method Depletion OilAndGasPropertyFullCostMethodDepletion	286240000
CY2015Q4	us-gaap	Oil And Gas Property Full Cost Method Depletion OilAndGasPropertyFullCostMethodDepletion	279710000
CY2016Q3	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	340563000
CY2015Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	340563000
CY2016Q3	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	54323000
CY2015Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	60853000
CY2016Q3	us-gaap	Oil And Gas Revenue OilAndGasRevenue	10679000
CY2015Q3	us-gaap	Oil And Gas Revenue OilAndGasRevenue	7389000
	us-gaap	Oil And Gas Revenue OilAndGasRevenue	26814000
	us-gaap	Oil And Gas Revenue OilAndGasRevenue	24476000
CY2016Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	33000
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	19000
CY2016Q3	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	17000
CY2015Q3	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	5000
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	227000
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	48000
CY2016Q3	us-gaap	Partners Capital PartnersCapital	68064000
CY2015Q4	us-gaap	Partners Capital PartnersCapital	73171000
CY2016Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	30675000
CY2015Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	30675000
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	30675000
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	30675000

Files In Submission

Name	View Source	Status
0001437749-16-040966-index-headers.html	Edgar Link	pending
0001437749-16-040966-index.html	Edgar Link	pending
0001437749-16-040966.txt	Edgar Link	pending
0001437749-16-040966-xbrl.zip	Edgar Link	pending
dmlp-20160930.xml	Edgar Link	completed
dmlp-20160930.xsd	Edgar Link	pending
dmlp-20160930_cal.xml	Edgar Link	unprocessable
dmlp-20160930_def.xml	Edgar Link	unprocessable
dmlp-20160930_lab.xml	Edgar Link	unprocessable
dmlp-20160930_pre.xml	Edgar Link	unprocessable
dmlp20160818_10q.htm	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending