--- title: "Dorchester Minerals | 10-K: FY2025 Revenue: USD 152.83 M" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/276796083.md" datetime: "2026-02-24T22:26:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276796083.md) - [en](https://longbridge.com/en/news/276796083.md) - [zh-HK](https://longbridge.com/zh-HK/news/276796083.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/276796083.md) | [English](https://longbridge.com/en/news/276796083.md) # Dorchester Minerals | 10-K: FY2025 Revenue: USD 152.83 M Revenue: As of FY2025, the actual value is USD 152.83 M. EPS: As of FY2025, the actual value is USD 1.16. EBIT: As of FY2025, the actual value is USD 57.35 M. ### Segmented Financial Metrics and Operational Highlights for Dorchester Minerals, L.P. #### Net Income Net income for Dorchester Minerals, L.P. was $57.4 million in 2025, a decrease from $92.4 million in 2024 and $114.1 million in 2023. #### Distributions to Limited Partners Distributions to limited partners totaled $132.0 million in 2025. #### Segment Revenue (Accrual basis sales volumes and average sales price) - **Royalty Properties:** - Natural gas sales volume increased by 8% to 6,132 mmcf in 2025 from 5,680 mmcf in 2024. - Oil sales volume increased by 3% to 2,002 mbbls in 2025 from 1,943 mbbls in 2024. - Average natural gas sales price increased by 64% to $2.24/mcf in 2025 from $1.37/mcf in 2024. - Average oil sales price decreased by 15% to $56.99/bbl in 2025 from $66.74/bbl in 2024. - **Net Profits Interest (NPI):** - Natural gas sales volume decreased by -8% to 1,963 mmcf in 2025 from 2,134 mmcf in 2024. - Oil sales volume decreased by -4% to 621 mbbls in 2025 from 645 mbbls in 2024. - Average natural gas sales price increased by 66% to $2.55/mcf in 2025 from $1.54/mcf in 2024. - Average oil sales price decreased by -10% to $57.50/bbl in 2025 from $64.02/bbl in 2024. #### Total Operating Revenues (in thousands) - Royalties: $127,823 in 2025, $137,465 in 2024, $114,531 in 2023. - Net profits interest - related party: $13,928 in 2025, $21,856 in 2024, $34,338 in 2023. - Lease bonus: $9,400 in 2025, $314 in 2024, $12,668 in 2023. - Other: $1,681 in 2025, $1,888 in 2024, $2,262 in 2023. - Total operating revenues: $152,832 in 2025, $161,523 in 2024, $163,799 in 2023. #### Operational Costs (in thousands) - Production taxes: $5,834 in 2025, $6,884 in 2024, $5,776 in 2023. - Operating expenses: $10,022 in 2025, $7,671 in 2024, $6,435 in 2023. - Depreciation, depletion and amortization: $66,300 in 2025, $42,588 in 2024, $26,307 in 2023. - General and administrative expenses: $2,179 in 2025, $1,980 in 2024, $3,350 in 2023. - General and administrative expenses - related party: $11,145 in 2025, $9,951 in 2024, $7,814 in 2023. - Total costs and expenses: $95,480 in 2025, $69,074 in 2024, $49,682 in 2023. #### Cash Flow Net cash provided by operating activities for Dorchester Minerals, L.P. remained consistent at $132,485 thousand in 2025 compared to $132,639 thousand in 2024. Cash and cash equivalents were $41.9 million as of December 31, 2025, down from $42.5 million as of December 31, 2024. Distributions paid to General Partner and unitholders were $136,944 thousand in 2025, $151,881 thousand in 2024, and $135,855 thousand in 2023. #### Unique Metrics - **Acquisitions for Units:** - In 2025, Dorchester Minerals, L.P. acquired mineral interests totaling approximately 3,050 net royalty acres in Adams County, Colorado, by issuing 915,694 common units valued at $23.0 million. - In 2024, Dorchester Minerals, L.P. acquired mineral, royalty, and overriding royalty interests totaling approximately 14,225 net mineral acres in New Mexico and Texas by issuing 6,721,144 common units valued at $202.6 million. - Also in 2024, Dorchester Minerals, L.P. acquired overriding royalty interests totaling approximately 1,204 net royalty acres in Weld County, Colorado, for 530,000 common units valued at $16.0 million. - In March 2024, Dorchester Minerals, L.P. acquired mineral interests totaling approximately 1,485 net royalty acres in Colorado for 505,369 common units valued at $17.0 million. - **New Well Activity (2025):** - 761 gross and 5 net new wells on Royalty Properties. - 108 gross and 1 net new wells on NPI properties. - The majority of activity was concentrated in the Permian Basin, the Rockies, and the Bakken region. - **Leasing Activity (2025):** - Lease bonus revenue totaled $4.0 million, including $3.6 million from an extension of an existing lease on 243 net acres in Reagan County, Texas. - The average bonus per acre was $4,779, with an average royalty of 23.4%. - **NPI Outstanding Capital Commitments:** - As of December 31, 2025, the Minerals NPI had outstanding capital commitments of $8.5 million, primarily in the Bakken region. - **Proved Developed Producing Reserves (as of December 31, 2025):** - Total Oil: 9,472 mbbls (including 8,174 mbbls from Royalty Properties and 1,298 mbbls from NPI). - Total Natural Gas: 36,632 mmcf (including 31,239 mmcf from Royalty Properties and 5,393 mmcf from NPI). #### Outlook / Guidance Dorchester Minerals, L.P. expects to maintain sufficient liquidity to fund distributions and operations. However, its liquidity and ability to fund future distributions could be materially affected by external factors like global military conflicts, inflation, interest rates, and changes to trade regulations. The current economic environment is volatile, making the long-term impact on liquidity and cash flows from these factors unpredictable. ### 相關股票 - [Dorchester Minerals (DMLP.US)](https://longbridge.com/zh-HK/quote/DMLP.US.md) ## 相關資訊與研究 - [Russian oil terminals under attack unable to accept shipments for second week, sources say](https://longbridge.com/zh-HK/news/281659271.md) - [How tensions in Strait of Hormuz benefit Trump? 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