Where DMLP’s Earnings Margin Stands among Top MLPs
TTM EBITDA margin
Dorchester Minerals (DMLP), a mineral interest MLP (master limited partnership), has the third-best EBITDA (earnings before interest, tax, depreciation, and amortization) margin among all MLPs today.
DMLP posted a TTM (trailing-12-month) EBITDA margin of 81.3% in 3Q17. Similar to Viper Energy Partners (VNOM), DMLP benefits from no drilling and production expenses, which have driven its EBITDA margin higher.
Interested in DMLP? Don't miss the next report.
Receive e-mail alerts for new research on DMLP
Dorchester Minerals’ strong EBITDA margins have driven its net income margins, resulting in strong distribution growth. DMLP reported a net income margin of 57.8% in the third quarter of 2017. At the same time, it posted a YoY distribution growth of 12.9%.
As of December 5, Dorchester Minerals has no coverage from Wall Street analysts, likely because the partnership is so small. The partnership reported revenues of $12.5 million in the third quarter of 2017.
In the next part of this series, we’ll look into the EBITDA margin for EQT Midstream Partners (EQM).