2024-03-05 18:18:52 ET
Summary
- Dorchester Minerals, L.P.'s sales volumes dipped slightly in Q4 2023 compared to Q3 2023.
- However, its Q4 2023 sales volumes were up +16% compared to Q4 2023.
- This was mostly organic growth, as its unit count increased by 3% year-over-year.
- I estimate that Dorchester can pay out $3.00 to $3.20 per unit in 2024 distributions based on current strip prices.
Dorchester Minerals, L.P. ( DMLP ) reported a Q4 2023 distribution that was just over $1 per unit . This was lower than I expected back in November , and appears to be due to various factors including lower sales volumes (compared to Q3 2023) and weaker commodity prices....
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Dorchester Minerals: Forward Yield Is Estimated At 10%