Dorchester Minerals, L.P.: Q2 FY2026 earnings call
What management said about Q2 FY2026, from the documents filed with the SEC on 7 August 2026: press release. Guidance figures: 1 kept. The quarter’s numbers.
Key takeaways
- Second-quarter net income rose: Net income for the quarter ended June 30, 2026 was $30,871,000, or $0.62 per common unit, against $12,347,000, or $0.25, for the same quarter of 2025. Source
- Operating revenues were higher: Operating revenues were $56,075,000 for the quarter, against $32,395,000 a year earlier; six-month revenues were $114,950,000, against $75,559,000. Source
- Royalty receipts were about $50.4 million: Cash receipts from royalty properties in the second quarter totaled about $50.4 million.
- Net profits interest receipts were about $16.6 million: Cash receipts from the net profits interest in the second quarter totaled about $16.6 million.
- Second-quarter distribution is $1.272943 per unit: The distribution of $1.272943 per common unit represents activity for the three months ended June 30, 2026.
- Distributions differ from net earnings: Management said cash distributions are not comparable to net earnings, owing to timing and other differences including depletion. Source
“announced today the Partnership’s net income for the quarter ended June 30, 2026 of $30,871,000, or $0.62 per common unit.”
Dorchester Minerals, L.P., press release
Guidance
| Area | Period | Figure | Against last quarter |
|---|---|---|---|
| Distribution Source | second quarter 2026 | $1.272943 per common unit | Kept |
What changed from last quarter
- New: Second-quarter net profits interest receipts included proceeds from a previously announced settlement and mutual release agreement affecting certain leasehold in Midland County, Texas.
Quarterly results and revenue
- Second-quarter net income rose: Net income for the quarter ended June 30, 2026 was $30,871,000, or $0.62 per common unit, against $12,347,000, or $0.25, for the same quarter of 2025. Source
- Operating revenues were higher: Operating revenues were $56,075,000 for the quarter, against $32,395,000 a year earlier; six-month revenues were $114,950,000, against $75,559,000. Source
- Six-month earnings were higher: Six-month net income was $60,008,000, or $1.20 per common unit, against $29,989,000, or $0.61, a year earlier. Source
Cash receipts by interest type
- Royalty receipts were about $50.4 million: Cash receipts from royalty properties in the second quarter totaled about $50.4 million.
- Most royalty receipts reflect recent sales: About 66% of royalty receipts reflect oil sales from March to May 2026 and natural gas sales from February to April 2026; about 34% reflect prior sales periods.
- Net profits interest receipts were about $16.6 million: Cash receipts from the net profits interest in the second quarter totaled about $16.6 million.
- Net profits receipts mostly from prior periods: About 21% of net profits interest receipts reflect oil and natural gas sales from February to April 2026; about 79% reflect prior sales periods.
- Lease bonus income was about $2.5 million: Cash receipts from lease bonus and other income in the second quarter totaled about $2.5 million.
“The Partnership’s cash distributions are not comparable to its net earnings due to timing and other differences including depletion.”
Dorchester Minerals, L.P., press release
Distributions and earnings
- Second-quarter distribution is $1.272943 per unit: The distribution of $1.272943 per common unit represents activity for the three months ended June 30, 2026.
- Distributions differ from net earnings: Management said cash distributions are not comparable to net earnings, owing to timing and other differences including depletion. Source
- Distribution announced in July release: The second quarter distribution was announced in a separate release dated July 23, 2026.
Schedule K-3 tax reporting
- 2025 Schedule K-3 posted online: The 2025 Schedule K-3 reflecting items of international tax relevance is available online at www.taxpackagesupport.com/DMLP.
- Limited group of unitholders affected: Primarily foreign unitholders, those computing a foreign tax credit, and certain corporate or partnership unitholders may need the detailed Schedule K-3 information.
- Phone line for K-3 email copies: Unitholders wanting an electronic copy of the Schedule K-3 by email may call Tax Package Support toll free at 877-222-3204.
Withholding on non-U.S. investors
- Distributions treated as effectively connected income: Brokers and nominees are directed to treat 100% of distributions to non-U.S. investors as effectively connected with a U.S. trade or business.
- Withholding at highest marginal rate: Federal income tax withholding applies to these distributions at the highest marginal rate for individuals or corporations, as applicable.
- Nominees act as withholding agents: Nominees, not the Partnership, are the withholding agents responsible for withholding on distributions they receive for non-U.S. investors.
Company profile and listing
- Owns mineral and royalty interests: The Partnership owns producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests. Source
- Interests span 28 states: The oil and natural gas interests are located in 28 states. Source
- Units listed on Nasdaq: The Partnership is Dallas-based, and its common units trade on the Nasdaq Global Select Market under the symbol DMLP. Source
Coming up, as management said on 7 August 2026
- Distribution payment on August 13: Payment of the $1.272943 per unit distribution is dated August 13, 2026, to holders of record on August 3, 2026. Source
Other quarters
Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.