Dorchester Minerals LP (OQ:DMLP)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 300, 3838 OAK LAWN AVENUE DALLAS TX 75219-4541 |
| Tel: | N/A |
| Website: | www.dmlp.net |
| IR: | See website |
| Key People | ||
| William Casey Mcmanemin Chairman of the Board of Managers | Bradley J. Ehrman Chief Executive Officer | Leslie A. Moriyama Chief Financial Officer |
| Business Overview |
| Dorchester Minerals, L.P. is an owner of producing and non-producing oil and natural gas minerals, royalty, overriding royalty, net profits, and leasehold interests. The Company is engaged in the acquisition, ownership, and administration of royalty properties and net profits interest (NPI). The NPI represents a net profits overriding royalty interest burdening various properties owned by the operating partnership. The Royalty Properties consist of producing and nonproducing minerals, royalty, overriding royalty, net profits, and leasehold interests located in 593 counties and parishes in 28 states. It has mineral and royalty interests totaling approximately 460,000 net acres located in 593 counties and parishes across Louisiana, New Mexico, Colorado, Texas and others. Its subsidiaries include Dorchester Minerals Oklahoma LP, Dorchester Minerals Oklahoma GP, Inc., Maecenas Minerals LLP, Dorchester-Maecenas GP LLC, The Buffalo Co. and DMLPTBC GP LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Dorchester Minerals LP revenues decreased 4% to $163.8M. Net income applicable to common stockholders decreased 12% to $110.4M. Revenues reflect Royalties decrease of 14% to $114.5M. Net income also reflects Depreciation, depletion and amortization increase of 38% to $26.3M (expense), General and administrative expenses - increase of 37% to $10.9M (expense). |
| Employees: | 27 as of Feb 22, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,278M as of Dec 31, 2023 |
| Annual revenue (TTM): | $163.80M as of Dec 31, 2023 |
| EBITDA (TTM): | $140.42M as of Dec 31, 2023 |
| Net annual income (TTM): | $110.39M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3.99M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 40,088,612 as of Mar 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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