UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2006
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DORCHESTER MINERALS, L.P.
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(Exact name of Registrant as specified in its charter)
Delaware 000-50175 81-0551518
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(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File Number Identification No.)
3838 Oak Lawn, Suite 300 75219
Dallas, Texas -----
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(Address of principal executive offices)
Registrant's telephone number, including area code: (214) 559-0300
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N/A
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(Former name, former address and former fiscal year,
if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (See General Instruction A.2. below):
[] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
The Registrant is furnishing its press release dated
November 6, 2006 which announces the Registrant's results for
the quarter ended September 30, 2006. A copy of the press
release is attached hereto as Exhibit 99.1 to this Form 8-K and
incorporated herein by reference.
In accordance with general instructions B.2 and B.6 of Form 8-K,
the information disclosed in this report under Item 2.02,
including Exhibit 99.1, is being furnished and shall not be
deemed "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liability of that section, and shall not be deemed incorporated
by reference into any filing under the Securities Act of 1933,
as amended.
Item 7.01 Regulation FD Disclosure
On November 6, 2006, the Registrant issued a press release
announcing the Registrant's results for the quarter ended
September 30, 2006. A copy of the press release is attached
as Exhibit 99.1 to this Form 8-K.
In accordance with general instructions B.2 and B.6 of Form 8-K,
the information disclosed in this report under Item 7.01,
including Exhibit 99.1, is being furnished and shall not be
deemed "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liability of that section, and shall not be deemed incorporated
by reference into any filing under the Securities Act of 1933,
as amended.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
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99.1 Press Release dated November 6, 2006 announcing the
Registrant's 2006 third quarter results.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
DORCHESTER MINERALS, L.P.
Registrant
by Dorchester Minerals Management LP
its General Partner,
by Dorchester Minerals Management GP LLC
its General Partner
Date: November 6, 2006
By: /s/ William Casey McManemin
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William Casey McManemin
Chief Executive Officer
EXHIBIT INDEX
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99.1 Press Release dated November 6, 2006.
Exhibit 99.1
NEWS RELEASE
Dorchester Minerals, L.P.
Release Date: November 6, 2006 3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
Contact: Casey McManemin Telephone (214) 559-0300
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DORCHESTER MINERALS, L.P. ANNOUNCES THIRD QUARTER RESULTS
DALLAS, TEXAS -- Dorchester Minerals, L.P. (the "Partnership")
announced today the Partnership's net earnings for the third quarter ended
September 30, 2006 of $10,392,000, or $0.36 per common unit.
A comparison of results for the periods ended September 30, 2006 and
September 30, 2005 is set forth below:
Three Months Ended Nine Months Ended
September 30, September 30,
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2006 2005 2006 2005
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Net Operating Revenues $16,897,000 $23,670,000 $59,304,000 $55,059,000
Depletion and Amortization (4,787,000) (5,659,000) (14,308,000) (16,161,000)
All Other Expenses, Net (1,718,000) (1,608,000) (4,755,000) (4,428,000)
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Net Earnings $10,392,000 $16,403,000 $40,241,000 $34,470,000
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Net Earnings Per Common Unit $0.36 $0.57 $1.38 $1.19
The Partnership previously declared its third quarter distribution
in the amount of $0.516082 per common unit payable on November 3, 2006 to common
unit holders of record as of October 23, 2006. 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
Stock 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.