How did DMLP's revenue and expenses shift in Q4 2024 compared to previous quarters?

Dorchester Minerals (DMLP) exhibited a general upward trend in revenue with a significant spike in the fourth quarter of 2024, while expenses showed a more moderate increase compared to the previous quarters: 1. **Revenue Shift**: - DMLP's revenue increased from $30.98 million on March 31, 2024, to $68.34 million by June 30, 2024, indicating a seasonal or operational improvement. - The most substantial growth occurred from the previous quarter's $121.81 million to the current quarter's $163.8 million, suggesting a strong performance in the fourth quarter. 2. **Expense Shift**: - Expenses also increased from $30.98 million on March 31, 2024, to $68.34 million by June 30, 2024, which is a notable rise but less dramatic than the revenue increase. - The cumulative expenses by December 31, 2024, were $161.52 million, which is a significant figure considering the earlier quarter's expenses. 3. **Key Insights**: - The fourth quarter's revenue of $163.8 million is a clear outlier compared to the previous quarters, indicating a strong financial performance during this period. - While expenses have increased, the overall revenue growth suggests that DMLP has been able to manage its costs effectively or that there may have been additional income streams contributing to the revenue surge.