Dorchester Minerals, L.P. is a publicly traded limited partnership that owns and administers mineral royalties, overriding royalties, net profits interests, and leasehold interests across 28 states, generating revenue from the production of oil and natural gas on underlying properties operated by third parties. The partnership receives royalty payments from operators including major energy companies and provides investors with quarterly distributions of substantially all available cash, funded from operating cash flows supplemented by selective acquisitions of accretive mineral and royalty properties financed primarily through unit issuances. The partnership maintains a debt-free capital structure and focuses on generating attractive yields for unitholders by strategically managing its diversified portfolio of interests while minimizing operating costs and capitalizing on operator drilling activity to offset production declines.