Dorchester Minerals, L.P.

Dorchester Minerals, L.P.

DMLP
Dorchester Minerals, L.P.US flagNASDAQ Global Select
28.15
USD
+0.09
- -
1.36BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.15
2.12
1.04
1.22
1.82
2.27
2.31
1.35
2.67
4.54
4.22
3.86
3.21
3.53
Basic EPS, GAAP
1.37
1.42
0.42
0.66
1.18
1.61
1.5
0.61
1.94
3.35
2.85
2.13
1.16
1.39
Free Cash Flow per Basic Share
1.84
1.88
0.9
0.92
1.4
1.94
1.94
1.14
2.01
3.91
3.61
3.17
2.78
2.58
Dividend per Share
1.79
1.97
1.19
0.89
1.2
1.8
2.08
1.43
1.59
3.63
3.5
3.63
2.87
2.9
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
3.65
3.15
2.39
2.18
2.88
2.68
3.29
2.44
4.06
4.56
4.78
8.65
6.41
6.21
Basic Weighted Avg Shares
31
31
31
31
31
32
34
35
35
38
39
42
48
48
Sales/Revenue/Turnover
66
65
32
38
57
73
79
47
93
171
164
162
153
169
Operating Margin (%)
65.89
68.32
41.59
55.83
67.07
73.57
66.96
46.6
75.11
76.47
69.67
57.24
37.53
40.85
Depreciation Expense
13
10
10
9
9
9
14
12
11
19
27
43
66
21
Net Income, GAAP
44
45
13
21
38
54
53
22
70
131
114
92
57
69
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
66.16
69.42
41.59
55.83
67.07
73.57
66.96
46.6
75.11
76.47
69.67
57.24
37.53
40.85
Working Capital
27
25
12
15
25
30
26
16
44
59
65
64
55
70
LT Debt
- -
- -
- -
- -
- -
- -
2
2
2
1
1
1
1
- -
Total Equity
112
97
73
67
91
87
112
85
142
172
186
362
305
297
Return on Invested Capital (%)
36.92
42.74
15.62
29.93
48.74
60.78
52.38
21.7
60.75
82.3
63.4
33.64
17.15
21.46
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
1,228
1,061
1,294

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
62
59
74
Cash, Cash Equivalents & STI
42
42
28
Accounts Receivable, Net
16
14
27
Inventories
- -
- -
- -
Total Current Liabilities
6
4
4
Payables & Accruals
6
4
4
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.38%
35.27%
-15.63%
Free Cash Flow
24.26%
35.48%
-0.12%
Net Income, GAAP
35.85%
47.49%
-37.96%
Sales/Revenue/Turnover
23.64%
34.21%
-5.38%
Total Cash Common Dividend
21.87%
31.94%
-9.28%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31
37
53
40
162
2025
43
32
35
42
153
2026
59
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.44
0.57
0.87
- -
2.13
2025
0.36
0.25
0.23
- -
1.16
2026
0.59
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.05
0.81
0.72
- -
3.63
2025
0.77
0.75
0.64
- -
2.87
2026
0.78
- -
- -
- -
- -

Company Description

APIChat
CEO
Bradley J. Ehrman
Full Time Employees
27
Sector
Energy
Industry
Oil & Gas Exploration & Production
Address
3838 Oak Lawn Avenue Dallas TX United States of America 75219-4541
IPO Date
Feb 3, 2003
Website
dmlp.net
Business
Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded limited partnership engaged in the acquisition, ownership, and administration of producing and non-producing crude oil and natural gas royalty properties across the United States. Its core assets include mineral interests, royalty interests, overriding royalty interests, net profits interests, and leasehold interests spanning 594 counties and parishes in 28 states, with significant holdings in Texas, North Dakota, and Montana; revenues derive primarily from royalties (approximately 72% of total), net profits interests (26%), lease bonuses, and other sources, including 77% from oil, 14% from natural gas, and 9% from natural gas liquids. The partnership targets oil and gas operators as primary customers, generating high-margin, capital-light income without operational development costs borne by third-party lessees. Founded in 1982 and headquartered at 3838 Oak Lawn Avenue, Suite 300, in Dallas, Texas, Dorchester Minerals, L.P. is managed by its general partner, Dorchester Minerals Management LP. The partnership operates within the oil and gas exploration and production industry, focusing on diversified upstream royalty segments to mitigate basin-specific risks through broad geographic exposure. In recent developments, Dorchester Minerals completed two significant acquisitions of mineral, royalty, and overriding royalty interests in September 2024, structured as non-taxable contributions and exchanges involving the issuance of approximately 7.25 million common units to contributing entities. Earlier in 2023, it acquired mineral interests covering about 1,485 net royalty acres in Colorado, boosting oil production by 15%, natural gas by 25%, and natural gas liquids by 154%. As of year-end 2023, proved reserves stood at 13.9 million barrels of oil equivalent, supporting robust distributions totaling $141.6 million to common unitholders for 2024 activity paid from May 2024 through February 2025.

Company News

APIChat
  • Dorchester Minerals: The Distribution Looks Worse Than It Is

  • Dorchester Minerals, L.P. Announces First Quarter Results

  • Our Crazy Neighbors: How To Profit From Market Extremes

  • Dorchester Minerals, L.P. Announces Its First Quarter Distribution

  • Join The 1% By Earning +8%

  • Dorchester Minerals, L.P. $DMLP Shares Bought by GraniteShares Advisors LLC

  • Freestone Capital Holdings LLC Has $1.92 Million Position in Dorchester Minerals, L.P. $DMLP

  • Dorchester Minerals (NASDAQ:DMLP) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

  • Dorchester Minerals: Strong Recent Growth In Oil Sales Volumes

  • GraniteShares Advisors LLC Increases Position in Dorchester Minerals, L.P. $DMLP

  • Adams Asset Advisors LLC Boosts Position in Dorchester Minerals, L.P. $DMLP

  • Dorchester Minerals: Price Recovery Makes Sense, Valuation Is Still An Entry Position

  • Dorchester Minerals, L.P. Announces 2025 Results

  • Dorchester Minerals, L.P. Announces Appointment of Manager to Board of Managers

  • Dorchester Minerals (NASDAQ:DMLP) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

  • Dorchester Minerals, L.P. Announces Its Fourth Quarter Distribution

  • Geneos Wealth Management Inc. Grows Stake in Dorchester Minerals, L.P. $DMLP

  • Own Your Income Without The Drama: +8% Yield

  • Dorchester Minerals: I'm Taking Advantage Of The Bearish Situation

  • Dorchester Minerals: Reviewing Its Potential Distribution At $50s Oil