Dorchester Minerals, L.P. (Nasdaq:DMLP) is involved in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. It is a Texas-based company with interests in 26 states and netted USD 126 million over the last twelve months.
Comps: Permian Basin Royalty Trust (NYSE:PBT), Sabine Royalty Trust (NYSE:SBR)
Before we compare, it is important to establish that all three companies are oil and gas royalty businesses with market capitalizations over USD 1.1 billion. With that in mind, Dorchester Minerals outperformed both of these in earnings per share, price to earnings, revenue, net income, and yield. Despite not having margins that were as impressive as these comparable firms, it offers a 12% yield and strong earnings metrics.