$DMLP
DORCHESTER MINERALS, L.P.

2023 Q2 Form 10-Q Financial Statement

#000143774923012548 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $30.62M $40.17M
YoY Change -35.48% -0.58%
Cost Of Revenue $2.754M $2.718M
YoY Change -27.66% -16.83%
Gross Profit $27.87M $37.45M
YoY Change -36.17% 0.85%
Gross Profit Margin 91.01% 93.23%
Selling, General & Admin $2.724M $2.738M
YoY Change 75.18% 34.02%
% of Gross Profit 9.78% 7.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.337M $6.641M
YoY Change 11.82% 48.7%
% of Gross Profit 19.15% 17.73%
Operating Expenses $8.061M $9.379M
YoY Change 27.39% 44.09%
Operating Profit $19.80M $28.07M
YoY Change -46.94% -8.34%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $19.80M $28.07M
YoY Change -46.94% -8.34%
Income Tax
% Of Pretax Income
Net Earnings $19.80M $28.07M
YoY Change -46.94% -8.34%
Net Earnings / Revenue 64.68% 69.88%
Basic Earnings Per Share $0.50 $0.71
Diluted Earnings Per Share $0.50 $0.71
COMMON SHARES
Basic Shares Outstanding 38.37M 38.37M
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.32M $45.00M
YoY Change -17.81% 36.49%
Cash & Equivalents $35.32M $45.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $10.76M $12.56M
Other Receivables $5.305M $4.611M
Total Short-Term Assets $51.39M $62.17M
YoY Change -29.27% 6.09%
LONG-TERM ASSETS
Property, Plant & Equipment $101.7M $107.1M
YoY Change -2.69% -2.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $101.7M $107.1M
YoY Change -2.69% -2.08%
TOTAL ASSETS
Total Short-Term Assets $51.39M $62.17M
Total Long-Term Assets $101.7M $107.1M
Total Assets $153.1M $169.3M
YoY Change -13.58% 0.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.341M $3.234M
YoY Change 55.26% 12.8%
Accrued Expenses $277.0K $279.0K
YoY Change -3.15% -3.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.618M $3.513M
YoY Change 51.44% 11.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.175M $1.244M
YoY Change -19.08% -18.32%
Total Long-Term Liabilities $1.175M $1.244M
YoY Change -19.08% -18.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.618M $3.513M
Total Long-Term Liabilities $1.175M $1.244M
Total Liabilities $7.793M $4.757M
YoY Change 33.85% 1.69%
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 $145.3M $164.5M
YoY Change
Total Liabilities & Shareholders Equity $153.1M $169.3M
YoY Change -13.58% 0.77%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $19.80M $28.07M
YoY Change -46.94% -8.34%
Depreciation, Depletion And Amortization $5.337M $6.641M
YoY Change 11.82% 48.7%
Cash From Operating Activities $29.34M $38.75M
YoY Change -24.84% 36.35%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.000K $550.0K
YoY Change -100.39% -26.37%
Cash From Investing Activities -$1.000K $550.0K
YoY Change -100.39% -26.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.01M -35.05M
YoY Change 33.24% 43.07%
NET CHANGE
Cash From Operating Activities 29.34M $38.75M
Cash From Investing Activities -1.000K 550.0K
Cash From Financing Activities -39.01M -35.05M
Net Change In Cash -9.675M $4.245M
YoY Change -196.68% -8.96%
FREE CASH FLOW
Cash From Operating Activities $29.34M $38.75M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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NetCashProvidedByUsedInOperatingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 dmlp Asset Acquisition Consideration Transferred Royalty And Mineral Revenue Received
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CY2023Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
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CY2022Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q1 dmlp Number Of Counties In Which Entity Operates
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CY2023Q1 us-gaap Number Of States In Which Entity Operates
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q1 dmlp Number Of Units That Cash Distributions Were Paid On During The Period
NumberOfUnitsThatCashDistributionsWerePaidOnDuringThePeriod
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CY2023Q1 dei Amendment Flag
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CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2023Q1 dei Document Fiscal Period Focus
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CY2023Q1 dei Document Fiscal Year Focus
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CY2023Q1 dei Document Type
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CY2023Q1 dei Document Quarterly Report
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CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
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CY2023Q1 dei Document Transition Report
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CY2023Q1 dei Entity File Number
EntityFileNumber
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CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-0551518
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
3838 Oak Lawn Avenue, Suite 300
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
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CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
75219
CY2023Q1 dei City Area Code
CityAreaCode
214
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
559-0300
CY2023Q1 dei Security12b Title
Security12bTitle
Common Units Representing Limited Partnership Interest
CY2023Q1 dei Trading Symbol
TradingSymbol
DMLP
CY2023Q1 dei Security Exchange Name
SecurityExchangeName
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CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
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CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
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CY2023Q1 dei Entity Filer Category
EntityFilerCategory
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CY2023Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q1 dei Entity Emerging Growth Company
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CY2023Q1 dei Entity Shell Company
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CY2023Q2 dei Entity Common Stock Shares Outstanding
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CY2023Q1 us-gaap Oil And Gas Property Full Cost Method Gross
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CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Gross
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CY2023Q1 us-gaap Oil And Gas Property Full Cost Method Depletion
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CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
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CY2023Q1 us-gaap Oil And Gas Property Full Cost Method Net
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CY2022Q4 us-gaap Oil And Gas Property Full Cost Method Net
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CY2023Q1 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2023Q1 us-gaap Assets
Assets
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CY2022Q4 us-gaap Assets
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CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2023Q1 us-gaap Operating Lease Liability Current
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CY2023Q1 us-gaap Liabilities And Stockholders Equity
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CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023Q1 us-gaap Operating Costs And Expenses
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CY2022Q1 us-gaap Operating Costs And Expenses
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
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CY2022Q1 us-gaap Depreciation Depletion And Amortization
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CY2023Q1 us-gaap General And Administrative Expense
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CY2023Q1 us-gaap Net Income Loss Allocated To General Partners
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CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"/> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Use of Estimates</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Partnership evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Partnership considers reasonable in each circumstance. Any effects on the Partnership’s business, financial position, or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Although the Partnership believes these estimates are reasonable, actual results could differ from those estimates.</p>
CY2023Q1 dmlp Number Of Units That Cash Distributions Were Paid On During The Period
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CY2023Q1 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
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Files In Submission

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0001437749-23-012548-index-headers.html Edgar Link pending
0001437749-23-012548-index.html Edgar Link pending
0001437749-23-012548.txt Edgar Link pending
0001437749-23-012548-xbrl.zip Edgar Link pending
dmlp-20230331.xsd Edgar Link pending
dmlp20230331_10q.htm Edgar Link pending
ex_508298.htm Edgar Link pending
ex_508299.htm Edgar Link pending
ex_508300.htm Edgar Link pending
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