Dorchester Minerals: Units Become More Attractive In A Lower Interest Rate Environment
MTI(MTX) Seeking Alpha·2024-08-30 20:44
Torsten Asmus Dorchester Minerals' (NASDAQ:DMLP) Q2 2024 results were largely in line with my expectations. Dorchester's Q2 2024 oil sales volumes rebounded 7% from Q1 2024 levels, while its distribution ended up at $0.702058 per common unit. This distribution was approximately $0.08 per unit lower than its Q1 2024 distribution, but that previous quarter benefited from a significant amount ($4 million) of cash receipts from its new acquisition that were independent of sales volumes. This was due to the acqu ...