DALLAS, TX--(Marketwire - November 6, 2007) - Dorchester Minerals, L.P. (
A comparison of results for the periods ended September 30, 2007 and September 30, 2006 is set forth below:
Three Months Ended Nine Months Ended
September 30, September 30,
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2007 2006 2007 2006
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Net Operating
Revenues $ 14,716,000 $ 16,897,000 $ 47,043,000 $ 59,304,000
Depletion and
Amortization (3,963,000) (4,787,000) (11,657,000) (14,308,000)
All Other Expenses,
Net (1,279,000) (1,718,000) (4,707,000) (4,755,000)
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Net Earnings $ 9,474,000 $ 10,392,000 $ 30,679,000 $ 40,241,000
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Net Earnings Per
Common Unit $ 0.33 $ 0.36 $ 1.05 $ 1.38
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The Partnership previously declared its third quarter distribution in the amount of $0.560502 per common unit payable on November 5, 2007 to common unit holders of record as of October 23, 2007. The Partnership's cash distributions are not comparable to its net earnings due to timing and other differences including depletion.
Dorchester Minerals, L.P. is a Dallas-based owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests and its common units trade on the Nasdaq Global Market under the symbol DMLP.
FORWARD-LOOKING STATEMENTS
Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price or demand for oil and natural gas, changes in the operations on or development of the Partnership's properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership's financial position, business strategy and other plans and objectives for future operations. These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission.
Contact Information: Contact Casey McManemin 3838 Oak Lawn Ave., Suite 300 Dallas, Texas 75219-4541 (214) 559-0300