2024-05-24 03:43:15 ET
Summary
- Dorchester's Q1 2024 distribution of $0.781837 was in-line with my expectations.
- DMLP benefited from acquisitions that added around $4 million to Q1 2024 cash receipts in exchange for 0.505 million common units.
- Cash receipts in future quarters are unlikely to benefit as much from the acquired assets.
- The Company's organic royalty oil sales volumes declined around -14% per day compared to Q4 2023.
Dorchester Minerals ( DMLP ) declared a distribution of $0.781837 per unit for Q1 2024, which was in-line with my expectations for Dorchester to declare quarterly distributions averaging $0.75 to $0.80 for 2024....
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Dorchester Minerals: Acquisitions Provide A Temporary Boost To Its Distributions