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Stock research / United States / DMLP · Crude Petroleum & Natural Gas · Nasdaq

Dorchester Minerals, L.P. (DMLP)

Results announcedDorchester Minerals, L.P. announced results on 22 October 2026

From the company's results press release.
Read moreIts figures show here once they match the quarters already filed. The tables update when the 10-Q or 10-K is filed. Read the release

Compare with another name

Dorchester Minerals, L.P. (DMLP) reported revenue of $56 million for Q2 FY2026, the quarter ended 30 June 2026, up 73.1% on the same quarter a year earlier. Net income was $31 million, up 150.0% on the year, and diluted earnings per share $0.62. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$56 millionup 73.1%
Net income$31 millionup 150.0%
Diluted EPS$0.62
QuarterQ2 FY2026ended 30 June 2026

Dorchester Minerals (DMLP) in brief

Dorchester Minerals (DMLP) reported revenue of $153 million for fiscal 2025, the year ended 31 December 2025, down 5.4% on the year before.
Read moreNet income was $57 million and diluted earnings per share $1.16. Revenue was $162 million in fiscal 2024, $164 million in fiscal 2023, $171 million in fiscal 2022 and $93 million in fiscal 2021. Net income in the same years was $92 million, $114 million, $131 million and $70 million. Over the twelve months to 30 June 2026, Dorchester Minerals reported revenue of $192 million and net income of $87 million. Revenue grew 26.6% a year, compounded, over the five years to fiscal 2025. Dorchester Minerals had 49 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $72 million of cash. At the close of 29 October 2026 the market cap of Dorchester Minerals was $1.5 billion, 17.1 times its earnings over the last twelve months.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin45.5%
Net margin45.5%
FCF marginn/a
Interest covern/a
Debt to equityn/a
Cash conversion1.79
Share count, last 12 months3.7%
Sales CAGR, 3 years-3.6%
Profit CAGR, 3 years-24.0%
EPS, TTMn/a

At the close of 29 October 2026

Price$30.50
Market cap$1.5 billion
Stock P/E17.14
Price to bookn/a
EV / EBITDA8.96
Dividend yieldn/a
Market cap / sales7.79
52-week high$30.73
52-week low$21.26
Price, 1 year22.1%
Price CAGR, 3 years2.6%
Price CAGR, 5 years9.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Dorchester Minerals, L.P.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
DMLPgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on DMLP

Dividendsno dividend in its filings for fiscal 2009 onward
Filings23 in twelve months: 18 current reports (8-K), about 15 regulation FD disclosure; 8 results of operations; 5 other events; 3 officer or director change; 1 material agreement
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 1.5 by open interest at the 29 October 2026 close; the straddle prices a 5.2% move to 20 November 2026
13F holders153 funds reported a position for the quarter to 30 June 2026; largest Morgan Stanley
Insider trading0 sales and 21 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest441,617 shares short, 6.17 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 8 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue24.030.340.447.544.138.940.230.642.650.431.037.453.539.743.232.435.441.958.956.1
Operating income18.023.830.637.334.228.528.119.829.536.818.223.636.414.217.612.311.216.229.130.9
Operating margin75%79%76%79%78%73%70%65%69%73%59%63%68%36%41%38%32%39%49%55%
Net income18.023.830.637.334.228.528.119.829.536.818.223.636.414.217.612.311.216.229.130.9
Net margin75%79%76%79%78%73%70%65%69%73%59%63%68%36%41%38%32%39%49%55%
Diluted EPS$0.49$0.66$0.80 basic$0.96 basic$0.88 basic$0.71$0.71 basic$0.50 basic$0.73 basic$0.91$0.44 basic$0.57 basic$0.87 basicn/a$0.36 basic$0.25 basic$0.23 basicn/a$0.59 basic$0.62 basic
Operating cash flow19.222.828.439.045.933.738.729.333.837.928.029.443.731.533.430.534.334.323.964.2
Shares outstanding35m37m38m38m38m38m38m39m40m40m40m40m47m47m47m47m48m48m48m49m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue37.657.373.378.846.993.4171164162153192
Operating income21.038.453.952.821.970.213111492.457.487.4
Operating margin55.8%67.1%73.6%67.0%46.6%75.1%76.5%69.7%57.2%37.5%45.5%
Net income21.038.453.952.821.970.213111492.457.487.4
Net margin55.8%67.1%73.6%67.0%46.6%75.1%76.5%69.7%57.2%37.5%45.5%
Diluted EPS$0.66$1.18$1.61$1.50$0.61$1.94$3.35 basic$2.85 basic$2.13 basic$1.16 basicn/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow28.344.062.566.139.470.3147140133132157
Cash from investingn/a-0.6-0.11.86.12.62.12.3n/an/an/a
Depreciation and amortisation8.59.38.913.311.910.519.126.342.666.371.6
Diluted shares, weightedn/an/an/an/a35m35m38m39m42m48m48m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/a49m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Debtn/an/an/an/a0.00.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/a2.21.91.61.31.00.80.53.1
Total liabilities and equity67.292.087.911788.3147176191367310314
Owned
Cash and equivalents8.213.818.315.311.228.340.847.042.541.972.5
Receivablesn/an/an/an/an/an/an/a22.024.816.527.0
Other assets59.078.269.610277.1119135122300251215
Total assets67.292.087.911788.3147176191367310314
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a26.6%-3.6%13.9%
Profit growth, compoundedn/a21.3%-24.0%8.3%
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Dorchester Minerals' revenue in fiscal 2025?

Dorchester Minerals (DMLP) reported revenue of $153 million for fiscal 2025, the year ended 31 December 2025, down 5.4% on the year before.

How much did Dorchester Minerals earn in fiscal 2025?

Net income was $57 million for fiscal 2025, and diluted earnings per share $1.16.

What is Dorchester Minerals' P/E ratio?

At the close of 29 October 2026, Dorchester Minerals traded at 17.1 times its earnings over the twelve months to 30 June 2026.

What is Dorchester Minerals' market cap?

The market cap of Dorchester Minerals was $1.5 billion at the close of 29 October 2026.

How much debt does Dorchester Minerals have?

At 30 June 2026 Dorchester Minerals carried $0 million of debt and $72 million of cash.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Shell plc SHEL *$306.3 billion17.9510.2%n/a-6.1%0.432.8%
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Petróleo Brasileiro S.A. (Petrobras) PBR *$141.1 billion7.2026.0%29.3%-2.4%0.355.7%
Canadian Natural Resources Limited CNQ *$114.7 billion14.9424.4%n/a8.7%0.373.0%
Eni S.p.A. E *$88.9 billion34.425.4%6.1%-7.5%0.593.9%
EOG Resources Inc. EOG$85.1 billion12.6221.6%32.9%19.1%0.252.5%
Occidental Petroleum Corp. OXY$63.0 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$57.9 billion40.233.9%6.3%21.4%0.332.0%
Devon Energy Corp. DVN$56.3 billion12.157.9%16.7%14.6%0.272.0%
Woodside Energy Group Ltd. WDS *$44.1 billion16.327.6%30.0%-1.5%0.334.6%
EQT Corp. EQT$34.1 billion12.9210.4%41.8%18.6%0.221.2%
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ExxonMobil Holdings Corp. XOM$753.0 billion23.5412.6%12.3%9.1%0.162.2%
Chevron Corp. CVX$457.3 billion22.1910.8%14.2%10.2%0.203.0%
Shell plc SHEL *$306.3 billion17.9510.2%n/a-6.1%0.432.8%
TotalEnergies SE TTE *$207.5 billion16.2711.4%n/a-6.2%0.533.9%
ConocoPhillips COP$180.2 billion19.8414.2%n/a9.6%0.362.2%
Petróleo Brasileiro S.A. (Petrobras) PBR *$141.1 billion7.2026.0%29.3%-2.4%0.355.7%
BP plc BP *$138.4 billionn/a0.1%6.6%-1.1%1.093.7%
Marathon Petroleum Corp. MPC$121.5 billion14.8844.8%9.2%15.0%1.720.9%
Equinor ASA EQNR *$119.0 billion24.5412.5%23.8%2.6%0.690.2%
Canadian Natural Resources Limited CNQ *$114.7 billion14.9424.4%n/a8.7%0.373.0%
Valero Energy Corp. VLO$107.3 billion8.6546.3%11.5%24.6%0.391.2%
Phillips 66 PSX$106.7 billion8.7436.6%n/a27.5%0.541.8%
Suncor Energy Inc. SU *$92.7 billion22.4013.1%n/a-4.6%0.222.2%
Eni S.p.A. E *$88.9 billion34.425.4%6.1%-7.5%0.593.9%
EOG Resources Inc. EOG$85.1 billion12.6221.6%32.9%19.1%0.252.5%
SLB Limited SLB$79.4 billion26.1311.9%n/a4.6%0.49n/a
Occidental Petroleum Corp. OXY$63.0 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$57.9 billion40.233.9%6.3%21.4%0.332.0%
Devon Energy Corp. DVN$56.3 billion12.157.9%16.7%14.6%0.272.0%
Woodside Energy Group Ltd. WDS *$44.1 billion16.327.6%30.0%-1.5%0.334.6%
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Halliburton Co. HAL$29.7 billion15.0218.0%12.6%1.5%0.64n/a
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Expand Energy Corp. EXE$20.9 billion7.8414.1%25.7%28.2%0.24n/a
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Valaris Ltd. VAL$7.0 billion7.6029.2%11.3%-13.2%0.34n/a
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CVR Energy Inc. CVI$5.7 billion83.5113.1%4.1%17.9%3.37n/a
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W&T Offshore Inc. WTI$629 millionn/an/a5.0%20.3%n/an/a
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47 companies share its SEC industry code (Crude Petroleum & Natural Gas); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR