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Dorchester Minerals, L.P. is a publicly traded Delaware limited partnership that commenced operations on January 31, 2003, upon the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P. and Spinnaker Royalty Company, L.P. Dorchester Hugoton was a publicly traded Texas limited partnership, and Republic and Spinnaker were private Texas limited partnerships.
37.53% operating margin is above average.
Revenue declined 5.4% YoY. Margins deteriorated 19.7pp alongside, both lines moving the wrong way.
Operating margin contracted 19.7pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$169M
▼ -5.4% YoY
Net Income (TTM)
$69M
▼ -38.0% YoY
Op. Margin
40.85%
▼ -19.7pp YoY
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$123M
▼ -0.1% YoY
Op. Cash Flow (TTM)
$123M
▼ -0.1% YoY
Net Debt
-$27M
Net Cash Position
Cash & Equiv.
$28M
5Y CAGR: +26.6%
5Y CAGR: +27.4%
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