$DMLP
DORCHESTER MINERALS, L.P.

2020 Q3 Form 10-Q Financial Statement

#000143774920016838 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q2
Revenue $12.55M $6.795M $20.60M
YoY Change -35.89% -67.01% -2.48%
Cost Of Revenue $1.532M $1.350M $1.789M
YoY Change 11.01% -24.54% 35.94%
Gross Profit $11.01M $5.445M $18.81M
YoY Change -39.45% -71.05% -5.03%
Gross Profit Margin 87.79% 80.13% 91.32%
Selling, General & Admin $2.233M $1.313M $1.285M
YoY Change 31.82% 2.18% 10.78%
% of Gross Profit 20.28% 24.11% 6.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.161M $2.940M $3.930M
YoY Change -12.87% -25.19% 72.07%
% of Gross Profit 28.7% 53.99% 20.89%
Operating Expenses $5.394M $4.253M $5.215M
YoY Change 1.35% -18.45% 51.6%
Operating Profit $5.619M $1.192M $13.60M
YoY Change -56.33% -91.23% -16.93%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.619M $1.192M $13.60M
YoY Change -56.33% -91.23% -16.89%
Income Tax
% Of Pretax Income
Net Earnings $5.619M $1.192M $13.60M
YoY Change -56.33% -91.23% -16.92%
Net Earnings / Revenue 44.79% 17.54% 66.0%
Basic Earnings Per Share
Diluted Earnings Per Share $162.0K $34.37K $392.0K
COMMON SHARES
Basic Shares Outstanding 34.68M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.85M $11.75M $20.82M
YoY Change -32.22% -43.56% 6.24%
Cash & Equivalents $14.85M $11.75M $20.82M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $4.496M $3.141M $7.408M
Other Receivables $1.998M $317.0K $4.303M
Total Short-Term Assets $21.35M $15.21M $32.54M
YoY Change -33.08% -53.25% 4.29%
LONG-TERM ASSETS
Property, Plant & Equipment $73.28M $82.18M $95.85M
YoY Change -20.41% -14.26% 53.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $73.28M $82.18M $95.85M
YoY Change -20.41% -14.26% 53.88%
TOTAL ASSETS
Total Short-Term Assets $21.35M $15.21M $32.54M
Total Long-Term Assets $73.28M $82.18M $95.85M
Total Assets $94.63M $97.39M $128.4M
YoY Change -23.67% -24.14% 37.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.509M $2.764M $2.214M
YoY Change -27.51% 24.84% 38.38%
Accrued Expenses $303.0K $305.0K $305.0K
YoY Change -1.94% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.812M $3.069M $2.519M
YoY Change -25.41% 21.83% 53.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.958M $2.033M $2.339M
YoY Change -13.4% -13.08% 234.14%
Total Long-Term Liabilities $1.958M $2.033M $2.339M
YoY Change -13.4% -13.08% 234.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.812M $3.069M $2.519M
Total Long-Term Liabilities $1.958M $2.033M $2.339M
Total Liabilities $4.770M $5.102M $4.858M
YoY Change -20.91% 5.02% 110.85%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $89.86M $92.29M $123.5M
YoY Change
Total Liabilities & Shareholders Equity $94.63M $97.39M $128.4M
YoY Change -23.67% -24.14% 37.33%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $5.619M $1.192M $13.60M
YoY Change -56.33% -91.23% -16.92%
Depreciation, Depletion And Amortization $3.161M $2.940M $3.930M
YoY Change -12.87% -25.19% 72.07%
Cash From Operating Activities $5.636M $8.572M $17.61M
YoY Change -71.03% -51.33% -3.5%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $5.516M $0.00 $587.0K
YoY Change 6097.75% -100.0% -833.75%
Cash From Investing Activities $5.516M $0.00 $587.0K
YoY Change 6097.75% -100.0% -752.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.051M -17.05M -17.28M
YoY Change -56.37% -1.35% 23.86%
NET CHANGE
Cash From Operating Activities 5.636M 8.572M 17.61M
Cash From Investing Activities 5.516M 0.000 587.0K
Cash From Financing Activities -8.051M -17.05M -17.28M
Net Change In Cash 3.101M -8.473M 919.0K
YoY Change 183.97% -1021.98% -78.17%
FREE CASH FLOW
Cash From Operating Activities $5.636M $8.572M $17.61M
Capital Expenditures $0.00
Free Cash Flow $17.61M
YoY Change -3.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34679774
CY2020Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q2 dmlp Number Of Units That Cash Distributions Were Paid On During The Period
NumberOfUnitsThatCashDistributionsWerePaidOnDuringThePeriod
34679774
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11753000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15339000 USD
CY2020Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3141000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
7061000 USD
CY2020Q2 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
317000 USD
CY2019Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
5882000 USD
CY2020Q2 us-gaap Assets Current
AssetsCurrent
15211000 USD
CY2019Q4 us-gaap Assets Current
AssetsCurrent
28282000 USD
CY2020Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
405670000 USD
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
405670000 USD
CY2020Q2 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
325795000 USD
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
319544000 USD
CY2020Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
79875000 USD
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
86126000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1510000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1632000 USD
CY2020Q2 us-gaap Assets
Assets
97393000 USD
CY2019Q4 us-gaap Assets
Assets
116883000 USD
CY2020Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2764000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2052000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
305000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
310000 USD
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3069000 USD
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2362000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2033000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2185000 USD
CY2020Q2 us-gaap Liabilities
Liabilities
5102000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
4547000 USD
CY2020Q2 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
629000 USD
CY2019Q4 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
1228000 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1313000 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1285000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3231000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2418000 USD
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
5603000 USD
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
7004000 USD
us-gaap Costs And Expenses
CostsAndExpenses
12318000 USD
us-gaap Costs And Expenses
CostsAndExpenses
12056000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1192000 USD
CY2020Q2 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
91662000 USD
CY2019Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
111108000 USD
CY2020Q2 us-gaap Partners Capital
PartnersCapital
92291000 USD
CY2019Q4 us-gaap Partners Capital
PartnersCapital
112336000 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
97393000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
116883000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6795000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
20600000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
22271000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
39631000 USD
CY2020Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1350000 USD
CY2019Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1789000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
2790000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
3401000 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2940000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3930000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6297000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6237000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
13596000 USD
us-gaap Net Income Loss
NetIncomeLoss
9953000 USD
us-gaap Net Income Loss
NetIncomeLoss
27575000 USD
CY2020Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
60000 USD
CY2019Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
455000 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
298000 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
901000 USD
CY2020Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
1132000 USD
CY2019Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
13141000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
9655000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
26674000 USD
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.38
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.28
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.80
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34680000
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34680000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34680000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33480000
CY2019Q1 us-gaap Partners Capital
PartnersCapital
127212000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
13596000 USD
CY2019Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
17279000 USD
CY2019Q2 us-gaap Partners Capital
PartnersCapital
123529000 USD
CY2020Q1 us-gaap Partners Capital
PartnersCapital
108144000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1192000 USD
CY2020Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
17045000 USD
CY2020Q2 us-gaap Partners Capital
PartnersCapital
92291000 USD
CY2018Q4 us-gaap Partners Capital
PartnersCapital
86647000 USD
us-gaap Net Income Loss
NetIncomeLoss
27575000 USD
us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
43824000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
34517000 USD
CY2019Q2 us-gaap Partners Capital
PartnersCapital
123529000 USD
CY2019Q4 us-gaap Partners Capital
PartnersCapital
112336000 USD
us-gaap Net Income Loss
NetIncomeLoss
9953000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
29998000 USD
CY2020Q2 us-gaap Partners Capital
PartnersCapital
92291000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26412000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35300000 USD
dmlp Payments For Proceeds From Acquisition Of Royalty Interests
PaymentsForProceedsFromAcquisitionOfRoyaltyInterests
-0 USD
dmlp Payments For Proceeds From Acquisition Of Royalty Interests
PaymentsForProceedsFromAcquisitionOfRoyaltyInterests
-1406000 USD
dmlp Proceeds From The Sale Of Oil And Natual Gas Properties
ProceedsFromTheSaleOfOilAndNatualGasProperties
0 USD
dmlp Proceeds From The Sale Of Oil And Natual Gas Properties
ProceedsFromTheSaleOfOilAndNatualGasProperties
350000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1756000 USD
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
29998000 USD
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
34517000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3586000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2539000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15339000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18285000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11753000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20824000 USD
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
0 USD
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
43824000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2019Q3 us-gaap Limited Partners Capital Account Units Authorized
LimitedPartnersCapitalAccountUnitsAuthorized
20000000
CY2020Q2 dmlp Number Of Units That Cash Distributions Were Paid On During The Period
NumberOfUnitsThatCashDistributionsWerePaidOnDuringThePeriod
34679774
CY2020Q2 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.226318

Files In Submission

Name View Source Status
0001437749-20-016838-index-headers.html Edgar Link pending
0001437749-20-016838-index.html Edgar Link pending
0001437749-20-016838.txt Edgar Link pending
0001437749-20-016838-xbrl.zip Edgar Link pending
dmlp-20200630.xsd Edgar Link pending
dmlp-20200630_cal.xml Edgar Link unprocessable
dmlp-20200630_def.xml Edgar Link unprocessable
dmlp-20200630_lab.xml Edgar Link unprocessable
dmlp-20200630_pre.xml Edgar Link unprocessable
dmlp20200630_10q.htm Edgar Link pending
dmlp20200630_10q_htm.xml Edgar Link completed
ex_196862.htm Edgar Link pending
ex_196863.htm Edgar Link pending
ex_196864.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending