Dorchester Minerals Jumps as Oil Moves Up — DMLP Investors Brace for Eventful Week
Dorchester Minerals units closed Friday at $27.66, up 1.6%, as oil prices surged and broader U.S. markets fell. Unitholders elected three board members and approved executive pay at the May 13 annual meeting, according to a new filing. First-quarter net income rose to $29.1 million, but net cash from operations dropped 28% year-over-year.