Posted: 04/25/2025 11:07 am
Dorchester Minerals, L.P. (NASDAQ: DMLP), a renowned entity within the crude petroleum and natural gas sector, has consistently emphasized a straightforward and transparent compensation structure, especially for its top executives. As the partnership continuously strives to balance strategic growth and shareholder returns, executive compensation plays a crucial role in aligning management's interests with those of investors.
In the year 2024, William Casey McManemin, Chairman and former Chief Executive Officer of Dorchester Minerals, received a total compensation of $115,200, composed of a $96,000 salary and $19,200 in other compensation. Despite stepping away from the role of CEO, McManemin's compensation remained stable compared to previous years, reflecting the partnership's tradition of modest and consistent financial rewards for its leadership. In 2022 and 2020, McManemin's compensation was identical, underlining Dorchester’s reluctance to significantly alter executive pay despite industry fluctuations.^1^, ^2^
In contrast, Bradley J. Ehrman, who has taken over as Chief Executive Officer, saw a more diversified compensation package in 2022. His total compensation reached $927,277, including a salary of $266,267, a $200,000 bonus, stock awards valued at $400,010, and an additional $61,000 in other compensation. This sizable package, particularly the inclusion of stock awards, illustrates Dorchester's commitment to incentivizing its current leadership while maneuvering through the complexities of the crude petroleum and natural gas industry.^3^
The composition of executive compensation at Dorchester Minerals is particularly noteworthy given the broader financial performance of the company. For the fiscal year ended December 31, 2024, Dorchester reported a net income of $92,449,000, translating to earnings of $2.13 per common unit. This highlights a robust financial performance and underscores the importance of strategic leadership in driving profitability and sustaining value for shareholders.^4^
The company's share price as of the latest data is $29.18, showcasing a modest decline of 0.27%, which indicates market reactions to various factors, including quarterly earnings and general market sentiment. Despite this, the company boasts a market capitalization of approximately $1.38 billion, reflecting its significant presence in the market.^5^
Dorchester Minerals, L.P. continues to demonstrate a conservative approach in managing executive compensation, with a focus on maintaining stability and rewarding long-term contributions. This approach not only ensures operational consistency but also aligns with investor interests and confidence.
:
1. SEC Filing: William Casey McManemin's Compensation for 2024. [SEC](https://www.sec.gov/Archives/edgar/data/1172358/000143774925006456/0001437749-25-006456-index.htm)
2. SEC Filing: William Casey McManemin's Compensation for 2022 and 2020. [SEC](https://www.sec.gov/Archives/edgar/data/1172358/000143774924005200/0001437749-24-005200-index.htm)
3. SEC Filing: Bradley J. Ehrman's Compensation for 2022. [SEC](https://www.sec.gov/Archives/edgar/data/1172358/000143774923024339/0001437749-23-024339-index.htm)
4. Press Release: Dorchester Minerals, L.P. 2024 Results. [Globe Newswire](https://www.globenewswire.com/)
5. Stock Snapshot: Dorchester Minerals, L.P. Current Pricing and Metrics. NASDAQ Data.
