$DMLP
DORCHESTER MINERALS, L.P.

2021 Q1 Form 10-Q Financial Statement

#000143774921011128 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $17.79M $15.48M
YoY Change 14.95% -18.68%
Cost Of Revenue $1.521M $1.440M
YoY Change 5.63% -10.67%
Gross Profit $16.27M $14.04M
YoY Change 15.9% -19.42%
Gross Profit Margin 91.45% 90.7%
Selling, General & Admin $2.169M $1.918M
YoY Change 13.09% 69.29%
% of Gross Profit 13.33% 13.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.298M $3.357M
YoY Change -31.55% 45.51%
% of Gross Profit 14.13% 23.92%
Operating Expenses $4.467M $5.275M
YoY Change -15.32% 53.34%
Operating Profit $11.80M $8.761M
YoY Change 34.7% -37.33%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $11.80M $8.761M
YoY Change 34.7% -37.33%
Income Tax
% Of Pretax Income
Net Earnings $11.80M $8.761M
YoY Change 34.7% -37.33%
Net Earnings / Revenue 66.34% 56.61%
Basic Earnings Per Share $0.33
Diluted Earnings Per Share $340.3K $252.6K
COMMON SHARES
Basic Shares Outstanding 34.68M 34.68M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.32M $20.23M
YoY Change -34.13% 1.61%
Cash & Equivalents $13.32M $20.23M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $7.183M $3.914M
Other Receivables $3.065M $4.041M
Total Short-Term Assets $23.57M $28.18M
YoY Change -16.36% -11.9%
LONG-TERM ASSETS
Property, Plant & Equipment $67.71M $85.18M
YoY Change -20.51% -14.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $67.71M $85.18M
YoY Change -20.51% -14.99%
TOTAL ASSETS
Total Short-Term Assets $23.57M $28.18M
Total Long-Term Assets $67.71M $85.18M
Total Assets $91.28M $113.4M
YoY Change -19.48% -14.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.485M $2.803M
YoY Change -47.02% 24.19%
Accrued Expenses $298.0K $308.0K
YoY Change -3.25% 2.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.783M $3.111M
YoY Change -42.69% 21.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.811M $2.109M
YoY Change -14.13% -12.74%
Total Long-Term Liabilities $1.811M $2.109M
YoY Change -14.13% -12.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.783M $3.111M
Total Long-Term Liabilities $1.811M $2.109M
Total Liabilities $3.594M $5.220M
YoY Change -31.15% 4.92%
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 $87.68M $108.1M
YoY Change
Total Liabilities & Shareholders Equity $91.28M $113.4M
YoY Change -19.48% -14.24%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $11.80M $8.761M
YoY Change 34.7% -37.33%
Depreciation, Depletion And Amortization $2.298M $3.357M
YoY Change -31.55% 45.51%
Cash From Operating Activities $10.51M $17.84M
YoY Change -41.09% 0.85%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $262.0K $0.00
YoY Change -100.0%
Cash From Investing Activities $262.0K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.681M -12.95M
YoY Change -32.98% -24.86%
NET CHANGE
Cash From Operating Activities $10.51M $17.84M
Cash From Investing Activities $262.0K 0.000
Cash From Financing Activities -8.681M -12.95M
Net Change In Cash $2.090M $4.887M
YoY Change -57.23% -74.09%
FREE CASH FLOW
Cash From Operating Activities $10.51M $17.84M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Assets Current
AssetsCurrent
18221000 USD
CY2021Q1 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
399282000 USD
CY2020Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
399324000 USD
CY2021Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34679774
CY2021Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13322000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11232000 USD
CY2021Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
7183000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
5075000 USD
CY2021Q1 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
3065000 USD
CY2020Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
1914000 USD
CY2021Q1 us-gaap Assets Current
AssetsCurrent
23570000 USD
CY2021Q1 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
333636000 USD
CY2020Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
331361000 USD
CY2021Q1 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
65646000 USD
CY2020Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
67963000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1334000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1392000 USD
CY2021Q1 us-gaap Assets
Assets
91278000 USD
CY2020Q4 us-gaap Assets
Assets
88327000 USD
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1485000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1578000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
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298000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
300000 USD
CY2021Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1783000 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1878000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1811000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1885000 USD
CY2021Q1 us-gaap Liabilities
Liabilities
3594000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
3763000 USD
CY2021Q1 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
654000 USD
CY2020Q4 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
536000 USD
CY2021Q1 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
87030000 USD
CY2020Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
84028000 USD
CY2021Q1 us-gaap Partners Capital
PartnersCapital
87684000 USD
CY2020Q4 us-gaap Partners Capital
PartnersCapital
84564000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
91278000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
88327000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
17789000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15476000 USD
CY2021Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1521000 USD
CY2020Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1440000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2298000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3357000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2169000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1918000 USD
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
5988000 USD
CY2020Q1 us-gaap Costs And Expenses
CostsAndExpenses
6715000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
11801000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
8761000 USD
CY2021Q1 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
397000 USD
CY2020Q1 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
238000 USD
CY2021Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
11404000 USD
CY2020Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
8523000 USD
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.33
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.25
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34680000
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34680000
CY2019Q4 us-gaap Partners Capital
PartnersCapital
112336000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
8761000 USD
CY2020Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
12953000 USD
CY2020Q1 us-gaap Partners Capital
PartnersCapital
108144000 USD
CY2020Q4 us-gaap Partners Capital
PartnersCapital
84564000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
11801000 USD
CY2021Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
8681000 USD
CY2021Q1 us-gaap Partners Capital
PartnersCapital
87684000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10509000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17840000 USD
CY2021Q1 dmlp Proceeds From The Sale Of Oil And Natual Gas Properties
ProceedsFromTheSaleOfOilAndNatualGasProperties
262000 USD
CY2020Q1 dmlp Proceeds From The Sale Of Oil And Natual Gas Properties
ProceedsFromTheSaleOfOilAndNatualGasProperties
0 USD
CY2021Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
8681000 USD
CY2020Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
12953000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2090000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4887000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11232000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15339000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13322000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20226000 USD
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2020 dmlp Net Profits Interests Divestiture Consideration
NetProfitsInterestsDivestitureConsideration
5700000 USD
CY2021Q1 dmlp Number Of Units That Cash Distributions Were Paid On During The Period
NumberOfUnitsThatCashDistributionsWerePaidOnDuringThePeriod
34679774
CY2021Q1 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.303441

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