0001437749-23-030024 | 10-Q | XBRL Viewer

Note 4 - Commitments and Contingencies

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Text Block]

4.	Commitments and Contingencies

The Partnership and Dorchester Minerals Operating LP, a Delaware limited partnership owned directly and indirectly by our General Partner, are involved in legal and/or administrative proceedings arising in the ordinary course of their businesses, none of which have predictable outcomes, and none of which are believed to have any significant effect on our consolidated financial position, cash flows, or operating results.

Item 5 - Other Information

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Material Terms of Trading Arrangement [Text Block]

ITEM 5.

OTHER INFORMATION

Rule 10b5-1 Trading Plans

During the three and nine months ended September 30, 2023, none of our executive officers or directors adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of any “Non-Rule 10b5-1 trading arrangement.”

Note 3 - Acquisitions for Units

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Acquisition of Producing and Nonproducing Royalty and Mineral Rights [Text Block]

3.	Acquisitions for Units

On September 29, 2023, pursuant to a non-taxable contribution and exchange agreement with an unrelated third party, the Partnership acquired mineral and royalty interests totaling approximately 716 net royalty acres located in three counties in Texas in exchange for 494,000 common units representing limited partnership interests in the Partnership valued at $14.4 million and issued pursuant to the Partnership’s registration statement on Form S-4. We believe that the acquisition is considered complementary to our business. The transaction was accounted for as an acquisition of assets under U.S. GAAP. Accordingly, the cost of the acquisition was allocated on a relative fair value basis and transaction costs were capitalized as a component of the cost of the assets acquired. At closing, in addition to conveying mineral and royalty interests to the Partnership, the contributor delivered funds to the Partnership in an amount equal to their cash receipts during the period from July 1, 2023 through September 29, 2023 of $0.8 million. The contributed cash, net of capitalized transaction costs paid, of $0.8 million is included in net cash contributed in acquisitions on the condensed consolidated statement of cash flows for the nine months ended September 30, 2023. The condensed consolidated balance sheet as of September 30, 2023 includes $13.3 million of net proved oil and natural gas properties acquired in the transaction.

On August 31, 2023, pursuant to a non-taxable contribution and exchange agreement with multiple unrelated third parties, the Partnership acquired mineral and royalty interests totaling approximately 568 net royalty acres located in three counties in Texas in exchange for 374,000 common units representing limited partnership interests in the Partnership valued at $10.4 million and issued pursuant to the Partnership’s registration statement on Form S-4. We believe that the acquisition is considered complementary to our business. The transaction was accounted for as an acquisition of assets under U.S. GAAP. Accordingly, the cost of the acquisition was allocated on a relative fair value basis and transaction costs were capitalized as a component of the cost of the assets acquired. At closing, in addition to conveying mineral and royalty interests to the Partnership, the contributors delivered funds to the Partnership in an amount equal to their cash receipts during the period from July 1, 2023 through August 31, 2023 of $0.2 million. The contributed cash, net of capitalized transaction costs paid, of $0.2 million is included in net cash contributed in acquisitions on the condensed consolidated statement of cash flows for the nine months ended September 30, 2023. The condensed consolidated balance sheet as of September 30, 2023 includes $10.2 million of net proved oil and natural gas properties acquired in the transaction.

On July 12, 2023, pursuant to a non-taxable contribution and exchange agreement with multiple unrelated third parties, the Partnership acquired mineral and royalty interests totaling approximately 900 net royalty acres located in 13 counties and parishes across Louisiana, New Mexico, and Texas in exchange for 343,750 common units representing limited partnership interests in the Partnership valued at $11.0 million and issued pursuant to the Partnership’s registration statement on Form S-4. We believe that the acquisition is considered complementary to our business. The transaction was accounted for as an acquisition of assets under U.S. GAAP. Accordingly, the cost of the acquisition was allocated on a relative fair value basis and transaction costs were capitalized as a component of the cost of the assets acquired. In addition to conveying mineral and royalty interests to the Partnership, the contributors delivered funds to the Partnership in an amount equal to their cash receipts during the period from April 1, 2023 through July 12, 2023 of $0.6 million. The contributed cash, net of capitalized transaction costs paid, of $0.5 million is included in net cash contributed in acquisitions on the condensed consolidated statement of cash flows for the nine months ended September 30, 2023. The condensed consolidated balance sheet as of September 30, 2023 includes $10.5 million of net proved oil and natural gas properties acquired in the transaction.

On September 30, 2022, pursuant to a non-taxable contribution and exchange agreement with Excess Energy, LLC, a Texas limited liability company (“Excess”), the Partnership acquired mineral, royalty and overriding royalty interests totaling approximately 2,100 net royalty acres located in 12 counties across Texas and New Mexico in exchange for 816,719 common units representing limited partnership interests in the Partnership valued at $20.4 million and issued pursuant to the Partnership's registration statement on Form S-4. We believe that the acquisition is considered complementary to our business. The transaction was accounted for as an acquisition of assets under U.S. GAAP. Accordingly, the cost of the acquisition was allocated on a relative fair value basis and transaction costs were capitalized as a component of the cost of the assets acquired. Contributed cash delivered at closing, net of capitalized transaction costs paid, of $0.9 million is included in net cash contributed in acquisitions on the condensed consolidated statement of cash flows for the nine months ended September 30, 2022. Final settlement net cash received, net of capitalized transaction costs paid, of $0.5 million is included in net cash contributed in acquisitions on the condensed consolidated statement of cash flows for the nine months ended September 30, 2023. The condensed consolidated balance sheet as of December 31, 2022 includes $19.0 million of net oil and natural gas properties acquired in the transaction. Net property additions for the year ended December 31, 2022 includes $1.8 million of unproved properties acquired that were recorded to the oil and natural gas properties full cost pool, thereby accelerating the costs subject to depletion.

On March 31, 2022, pursuant to a non-taxable contribution and exchange agreement with multiple unrelated third parties, the Partnership acquired mineral and royalty interests representing approximately 3,600 net royalty acres located in 13 counties across Colorado, Louisiana, Ohio, Oklahoma, Pennsylvania, West Virginia and Wyoming in exchange for 570,000 common units representing limited partnership interests in the Partnership valued at $14.8 million and issued pursuant to the Partnership’s registration statement on Form S-4. We believe that the acquisition is considered complementary to our business. The transaction was accounted for as an acquisition of assets under U.S. GAAP. Accordingly, the cost of the acquisition was allocated on a relative fair value basis and transaction costs were capitalized as a component of the cost of the assets acquired. Contributed cash delivered at closing and final settlement net cash received, net of capitalized transaction costs paid, of $0.9 million is included in net cash contributed in acquisitions on the condensed consolidated statement of cash flows for the nine months ended September 30, 2022. The condensed consolidated balance sheet as of December 31, 2022 includes $14.0 million of net proved oil and natural gas properties acquired in the transaction.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Net cash provided by operating activities	$ 101,926	$ 113,382
Cash flows provided by investing activities:
Net cash contributed in acquisitions of oil and natural gas properties	2,006	1,825
Cash flows used in financing activities:
Distributions paid to General Partner and unitholders	(101,194)	(91,525)
Increase in cash and cash equivalents	2,738	23,682
Cash and cash equivalents at beginning of period	40,754	28,306
Cash and cash equivalents at end of period	43,492	51,988
Non-cash investing and financing activities:
Fair value of common units issued for acquisitions of oil and natural gas properties	$ 35,777	$ 35,194

Note 5 - Distributions to Holders of Common Units

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Partners' Capital Notes Disclosure [Text Block]

5.	Distributions to Holders of Common Units

The distribution for the third quarter of 2023 will be paid on 39,583,243 common units. The third quarter 2023 distribution of $0.845120 per common unit will be paid on November 9, 2023. The distribution for the third quarter of 2022 was paid on 38,371,493 common units. Our partnership agreement requires the fourth quarter 2023 distribution to be paid by February 14, 2024.

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates 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.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Recently Adopted Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326)” (“ASU 2016-13”), which changed how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaced the incurred loss approach with an expected loss model for instruments measured at amortized cost. As provided by ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), ASU 2016-13 is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2022. The Partnership adopted ASU 2016-13 using the modified retrospective approach, effective January 1, 2023. The adoption of this update did not have a material impact on the Partnership’s financial position, results of operations, cash flows or disclosures. Accounting Pronouncements Not* Yet Adopted* The Partnership considers the applicability and impact of all ASUs. There are no recent accounting pronouncements not yet adopted that are expected to have a material effect on the Partnership upon adoption.

Condensed Consolidated Income Statements (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating revenues
Operating revenues	$ 42,594	$ 44,057	$ 113,380	$ 131,917
Costs and expenses
Operating, including production taxes	3,714	3,184	9,186	10,259
Depreciation, depletion and amortization	6,619	4,247	18,597	13,486
General and administrative	2,798	2,425	8,260	6,023
Total costs and expenses	13,131	9,856	36,043	29,768
Net income	29,463	34,201	77,337	102,149
Allocation of net income
General Partner	1,029	1,288	2,445	3,623
Unitholders	$ 28,434	$ 32,913	$ 74,892	$ 98,526
Net income per common unit (basic and diluted) (in dollars per share)	$ 0.73	$ 0.88	$ 1.94	$ 2.64
Weighted average basic and diluted common units outstanding (in shares)	38,792	37,564	38,514	37,372
Royalties [Member]
Operating revenues
Operating revenues	$ 35,790	$ 33,530	$ 84,087	$ 105,549
Net Profit Interests [Member]
Operating revenues
Operating revenues	6,033	2,995	26,810	17,478
Lease Bonus and Other [Member]
Operating revenues
Operating revenues	$ 771	$ 7,532	$ 2,483	$ 8,890

Note 1 - Business and Basis of Presentation

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Basis of Presentation and Significant Accounting Policies [Text Block]

1.	Business and Basis of Presentation

Description of the Business

Dorchester Minerals, L.P. (the “Partnership”) is a publicly traded Delaware limited partnership that commenced operations on January 31, 2003. Our business may be described as the acquisition, ownership and administration of Royalty Properties (which consists of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 593 counties and parishes in 28 states (“Royalty Properties”)) and net profits overriding royalty interests (referred to as the Net Profits Interest, or “NPI”).

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of the Partnership have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). The unaudited condensed consolidated financial statements do not include all of the disclosures required for complete annual financial statements prepared in conformity with U.S. GAAP. Therefore, the accompanying unaudited condensed consolidated financial statements and related notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Partnership’s Annual Report. The accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal and recurring adjustments unless indicated otherwise) that are, in the opinion of management, necessary for the fair presentation of our financial position and operating results for the interim period. Interim period results are not necessarily indicative of the results for the calendar year. For more information regarding limitations on the forward-looking statements contained herein, see page 1 of this Quarterly Report on Form 10-Q. Per unit information is calculated by dividing the income or loss applicable to holders of the Partnership’s common units by the weighted average number of units outstanding. The Partnership has no potentially dilutive securities and, consequently, basic and diluted income per unit do not differ.

The unaudited condensed consolidated financial statements include the accounts of the Partnership and its wholly-owned subsidiaries Dorchester Minerals Oklahoma LP, Dorchester Minerals Oklahoma GP, Inc., Maecenas Minerals LLP, Dorchester-Maecenas GP LLC, The Buffalo Co., A Limited Partnership, and DMLPTBC GP LLC. All significant intercompany balances and transactions have been eliminated in consolidation.

Recent Events

In January 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus (“COVID-19”) and the significant risks to the international community and economies as the virus spread globally beyond its point of origin. In March 2020, the WHO classified COVID-19 as a pandemic, based on the rapid increase in exposure globally, and thereafter, COVID-19 continued to spread throughout the U.S. and worldwide. Multiple variants emerged in 2021 and became highly transmissible, which contributed to pricing volatility during 2021 to date. While in May 2023, the WHO determined that COVID-19 is now an established and ongoing health issue which no longer constitutes a public health emergency of international concern, the financial results of companies in the oil and natural gas industry have been impacted materially as a result of changing market conditions. Such circumstances generally increase uncertainty in the Partnership’s accounting estimates.

In February 2022, Russian military forces invaded Ukraine, and sustained conflict and disruption in the region is continuing. Although the length, impact and outcome of the ongoing military conflict in Ukraine continues to be highly unpredictable, this conflict could lead to significant market and other disruptions, including significant volatility in commodity prices and supply of energy resources along with instability in financial markets. As a result of the invasion, various economic and trade sanctions have been implemented by countries and private market participants on Russia which have resulted in a lower worldwide supply of oil and natural gas, contributing to a sharp increase in market prices for these commodities in the first half of 2022 followed by a slight softening in oil prices during the second half of 2022 due to higher inflation and rising interest rates. Despite the decline in oil prices we have seen in 2023, demand and market prices for oil and natural gas remain resilient, due in part to global travel trending towards pre-COVID-19 levels and the recently announced OPEC+ production cuts. While oil prices are now consistent with price levels before the Russia-Ukraine conflict, potential further responses from Russia or other countries to the sanctions imposed on Russia, supply chain disruptions, tensions and military actions, could adversely affect the global economy, cause volatility in the financial markets and could adversely affect our business, financial condition and results of operations. We remain unable to predict events that may lead to future price volatility and the near-term energy outlook remains subject to heightened levels of uncertainty.

We are continuing to closely monitor the overall impact and the evolution of the COVID-19 pandemic, including the ongoing spread of any variants, along with future OPEC actions and the Russian invasion of Ukraine on all aspects of our business, including how these events may impact our future operations, financial results, liquidity, employees, and operators. While conditions have significantly improved with the increase in domestic vaccination programs, the reduction in global constraints and the reduced spread of COVID-19 overall, the long term impact of COVID-19 remains uncertain as responses to COVID-19 and newly emerging variants continue to evolve. Although the WHO in May 2023 determined that COVID-19 is now an established and ongoing health issue which no longer constitutes a public health emergency of international concern, additional actions may be required in response to the COVID-19 pandemic on a national, state, and local level by governmental authorities, and such actions may further adversely affect general and local economic conditions if there is a resurgence in the spread of the COVID-19. We cannot predict the long-term impact of these events on our liquidity, financial position, results of operations or cash flows due to uncertainties including the severity of COVID-19 or any of the ongoing variants, and the effect the virus will have on the demand for oil and natural gas. These situations remain fluid and unpredictable, and we are actively managing our response.

Note 5 - Distributions to Holders of Common Units (Details Textual) - $ / shares	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Number of Units That Cash Distributions Were Paid on During the Period (in shares)	39,583,243	38,371,493
Distribution Made to Limited Partner, Distributions Paid, Per Unit (in dollars per share)	$ 0.84512

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2023	Nov. 02, 2023
Document Information [Line Items]
Entity Central Index Key	0001172358
Entity Registrant Name	Dorchester Minerals, L.P.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	000-50175
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-0551518
Entity Address, Address Line One	3838 Oak Lawn Avenue, Suite 300
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75219
City Area Code	214
Local Phone Number	559-0300
Title of 12(b) Security	Common Units Representing Limited Partnership Interest
Trading Symbol	DMLP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		39,583,243

Item 5 - Other Information (Details Textual)	9 Months Ended
Item 5 - Other Information (Details Textual)	Sep. 30, 2023
Non-Rule 10b5-1 Arrangement Adopted [Flag]	False
Non-Rule 10b5-1 Arrangement Terminated [Flag]	False

Note 3 - Acquisitions for Units (Details Textual) $ in Thousands						2 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2023 USD ($) a shares	Aug. 31, 2023 USD ($) a shares	Jul. 12, 2023 USD ($) a shares	Sep. 30, 2022 USD ($) a shares	Mar. 31, 2022 USD ($) a shares	Aug. 31, 2023 USD ($) a	Sep. 29, 2023 USD ($) a	Jul. 12, 2023 USD ($) a	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($) a	Dec. 31, 2022 USD ($)
Number Of Counties In Which Entity Operates									593
Asset Acquisition Consideration Transferred Royalty and Mineral Revenue Received									$ 2,006	$ 1,825
Oil and Gas Property, Full Cost Method, Net									127,867		$ 112,250
dmlp_Mineral And Royalty Interest [Member] \| Partnership Interest [Member]
Asset Acquisition Consideration Transferred Royalty and Mineral Revenue Received										$ 900
An Unrelated Third Party [Member] \| dmlp_Mineral And Royalty Interest [Member]
Area of Real Estate Property (Acre) \| a	716						716
Number Of Counties In Which Entity Operates	3						3
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Number of Shares (in shares) \| shares	494,000
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable	$ 14,400
Asset Acquisition Consideration Transferred Royalty and Mineral Revenue Received							$ 800		800
Oil and Gas Property, Full Cost Method, Net									13,300
Multiple Unrelated Third Party [Member] \| dmlp_Mineral And Royalty Interest [Member]
Area of Real Estate Property (Acre) \| a		568				568
Number Of Counties In Which Entity Operates		3				3
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Number of Shares (in shares) \| shares		374,000
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable		$ 10,400
Asset Acquisition Consideration Transferred Royalty and Mineral Revenue Received						$ 200			200
Oil and Gas Property, Full Cost Method, Net									10,200
Excess Energy, LLC [Member] \| dmlp_Mineral And Royalty Interest [Member]
Area of Real Estate Property (Acre) \| a			900	2,100				900		2,100
Number Of Counties In Which Entity Operates			13	12				13		12
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Number of Shares (in shares) \| shares			343,750	816,719
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable			$ 11,000	$ 20,400
Asset Acquisition Consideration Transferred Royalty and Mineral Revenue Received								$ 600	500	$ 900
Oil and Gas Property, Full Cost Method, Net									$ 10,500		19,000
Costs Incurred, Acquisition of Unproved Oil and Gas Properties											1,800
Unrelated Third Parties [Member] \| dmlp_Mineral And Royalty Interest [Member]
Area of Real Estate Property (Acre) \| a					3,600
Number Of Counties In Which Entity Operates					13
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Number of Shares (in shares) \| shares					570,000
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable					$ 14,800
Oil and Gas Property, Full Cost Method, Net											$ 14,000

Note 2 - Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Significant Accounting Policies [Text Block]

2.	Summary of Significant Accounting Policies

Use of Estimates

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.

Recent Accounting Pronouncements

Recently Adopted Pronouncements

In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326)” (“ASU 2016-13”), which changed how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaced the incurred loss approach with an expected loss model for instruments measured at amortized cost. As provided by ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), ASU 2016-13 is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2022. The Partnership adopted ASU 2016-13 using the modified retrospective approach, effective January 1, 2023. The adoption of this update did not have a material impact on the Partnership’s financial position, results of operations, cash flows or disclosures.

Accounting Pronouncements Not Yet Adopted

The Partnership considers the applicability and impact of all ASUs. There are no recent accounting pronouncements not yet adopted that are expected to have a material effect on the Partnership upon adoption.

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 43,492	$ 40,754
Trade and other receivables	14,224	14,543
Total current assets	63,110	62,467
Oil and natural gas properties (full cost method)	507,119	472,974
Accumulated full cost depletion	(379,252)	(360,724)
Total	127,867	112,250
Operating lease right-of-use asset	812	959
Total assets	192,287	176,243
Current liabilities:
Accounts payable and other current liabilities	7,466	3,131
Operating lease liability	275	281
Total current liabilities	7,741	3,412
Operating lease liability	1,108	1,313
Total liabilities	8,849	4,725
Commitments and contingencies (Note 4)
Partnership capital:
General Partner	38	676
Unitholders	183,400	170,842
Total partnership capital	183,438	171,518
Total liabilities and partnership capital	192,287	176,243
Leasehold Improvements [Member]
Current assets:
Leasehold improvements	989	989
Accumulated amortization	(491)	(422)
Total	498	567
Related Party [Member]
Current assets:
Net profits interest receivable - related party	$ 5,394	$ 7,170

Condensed Consolidated Statements of Changes in Partnership Capital (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Limited Partner [Member]
Distributions, per unit (in dollars per share)	$ 0.676818	$ 0.969012	$ 2.550813	$ 2.362225

Condensed Consolidated Statements of Changes in Partnership Capital (Unaudited) - USD ($) shares in Thousands, $ in Thousands	General Partner [Member]	Limited Partner [Member]	Total
Balance at Dec. 31, 2021	$ 982	$ 141,428	$ 142,410
Balance (in shares) at Dec. 31, 2021		36,985
Net income	3,623	$ 98,526	102,149
Acquisition of assets for units	0	$ 35,194	35,194
Acquisition of assets for units (in shares)		1,387
Distributions	(3,177)	$ (88,348)	(91,525)
Balance at Sep. 30, 2022	1,428	$ 186,800	188,228
Balance (in shares) at Sep. 30, 2022		38,372
Balance at Jun. 30, 2022	1,497	$ 169,876	171,373
Balance (in shares) at Jun. 30, 2022		37,555
Net income	1,288	$ 32,913	34,201
Acquisition of assets for units	0	$ 20,402	20,402
Acquisition of assets for units (in shares)		817
Distributions	(1,357)	$ (36,391)	(37,748)
Balance at Sep. 30, 2022	1,428	$ 186,800	188,228
Balance (in shares) at Sep. 30, 2022		38,372
Balance at Dec. 31, 2022	676	$ 170,842	171,518
Balance (in shares) at Dec. 31, 2022		38,372
Net income	2,445	$ 74,892	77,337
Acquisition of assets for units	0	$ 35,777	35,777
Acquisition of assets for units (in shares)		1,211
Distributions	(3,083)	$ (98,111)	(101,194)
Balance at Sep. 30, 2023	38	$ 183,400	183,438
Balance (in shares) at Sep. 30, 2023		39,583
Balance at Jun. 30, 2023	(60)	$ 145,392	145,332
Balance (in shares) at Jun. 30, 2023		38,372
Net income	1,029	$ 28,434	29,463
Acquisition of assets for units	0	$ 35,777	35,777
Acquisition of assets for units (in shares)		1,211
Distributions	(931)	$ (26,203)	(27,134)
Balance at Sep. 30, 2023	$ 38	$ 183,400	$ 183,438
Balance (in shares) at Sep. 30, 2023		39,583

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
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+ Details

Note 1 - Business and Basis of Presentation (Details Textual) shares in Thousands	9 Months Ended
	Sep. 30, 2023 shares
Number Of Counties In Which Entity Operates	593
Number of States in which Entity Operates	28
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0