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Dorchester Minerals (DMLP) Q3 FY2026 earnings: revenue $51 million, up 45.2% on the year

Dorchester Minerals, L.P. (DMLP) reported revenue of $51 million for Q3 FY2026, the quarter ended 30 September 2026, up 45.2% on the same quarter a year earlier. Net income was $28 million, up 146.9% on the year, and diluted earnings per share $0.54. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$51 million
+45.2% on the year · -8.3% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
53.7%
31.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
$28 million
+146.9% on the year · -10.7% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.54
+134.8% on the year · -12.9% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 kept.

  • Quarterly net income rose year over year: Net income for the quarter was $27,583,000, or $0.54 per common unit, against $11,173,000, or $0.23, a year earlier.
  • Quarterly operating revenues increased: Operating revenues for the quarter were $51,411,000, compared with $35,416,000 in the third quarter of 2025.
  • Nine-month net income and per-unit earnings rose: Net income for the nine months was $87,591,000, or $1.75 per common unit, against $41,162,000, or $0.84, a year earlier.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue51.456.135.4-8.3%+45.2%
Operating income27.630.911.2-10.7%+146.9%
Operating margin53.7%55.1%31.5%
Net income27.630.911.2-10.7%+146.9%
Net margin53.7%55.1%31.5%
Diluted EPS$0.54 basic$0.62 basic$0.23 basic-12.9%+134.8%
$ million except per share.
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

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow42.964.234.3-33.1%+25.4%
Depreciation and amortisation15.715.817.0-0.9%-7.7%
Diluted shares, weighted49m48m48m+1.2%+2.4%
Shares outstanding at period end50m49m48m+2.5%+4.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Debt0.00.00.0
Operating lease liabilities3.13.10.6-2.7%+421.5%
Total liabilities and equity301314330-4.2%-9.0%
Cash and equivalents55.772.541.6-23.2%+33.9%
Receivables28.427.0n/a+5.2%
Other assets217215289+1.0%-25.0%
Total assets301314330-4.2%-9.0%

Questions

What was Dorchester Minerals' revenue in Q3 FY2026?

Dorchester Minerals (DMLP) reported revenue of $51 million for Q3 FY2026, the quarter ended 30 September 2026, up 45.2% on the same quarter a year earlier.

How much did Dorchester Minerals earn in Q3 FY2026?

Net income for Q3 FY2026 was $28 million, up 146.9% on the year, and diluted earnings per share $0.54.

When did Dorchester Minerals report Q3 FY2026 results?

Dorchester Minerals filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue30.340.447.544.138.940.230.642.650.431.037.453.539.743.232.435.441.958.956.151.4
Operating income23.830.637.334.228.528.119.829.536.818.223.636.414.217.612.311.216.229.130.927.6
Operating margin79%76%79%78%73%70%65%69%73%59%63%68%36%41%38%32%39%49%55%54%
Net income23.830.637.334.228.528.119.829.536.818.223.636.414.217.612.311.216.229.130.927.6
Net margin79%76%79%78%73%70%65%69%73%59%63%68%36%41%38%32%39%49%55%54%
Diluted EPS$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$0.54 basic
Operating cash flow22.828.439.045.933.738.729.333.837.928.029.443.731.533.430.534.334.323.964.242.9
Shares outstanding37m38m38m38m38m38m39m40m40m40m40m47m47m47m47m48m48m48m49m50m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-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.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.