Dorchester Minerals, L.P.

DMLP

DMLPDorchester Minerals, L.P. US flag

NASDAQ Global Select

28.15

USD

+0.09

- -

1.36BMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	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
Sales/Revenue/Turnover	69	63	66	65	32	38	57	73	79	47	93	171	164	162	153
+ Sales & Services Revenue	69	63	66	65	32	38	57	73	79	47	93	171	164	162	153
- Cost of Revenue	23	21	18	16	14	12	14	14	20	18	18	32	39	57	82
+ Cost of Goods & Services	23	21	18	16	14	12	14	14	20	18	18	32	39	57	82
Gross Profit	46	42	48	50	18	26	43	59	59	29	75	139	125	104	71
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	4	4	4	5	5	5	5	5	6	7	5	8	11	12	13
+ Selling, General & Admin	4	4	4	5	5	5	5	5	6	7	5	8	11	12	13
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	42	38	43	45	13	21	38	54	53	22	70	131	114	92	57
- Non-Operating (Income) Loss	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense, Net	-16	-8	-10	-9	-1	-5	-8	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	16	8	10	9	1	5	8	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	15	8	10	8	1	5	8	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Income	42	38	44	45	13	21	38	54	53	22	70	131	114	92	57
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	42	38	44	45	13	21	38	54	53	22	70	131	114	92	57
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	42	38	44	45	13	21	38	54	53	22	70	131	114	92	57
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	42	38	44	45	13	21	38	54	53	22	70	131	114	92	57
- Preferred Dividends	1	1	2	2	1	1	1	2	2	1	2	4	4	3	2
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	41	37	42	44	13	20	37	52	51	21	68	126	110	89	55
EBIT	42	38	43	45	13	21	38	54	53	22	70	131	114	92	57
EBITDA	61	55	57	55	23	29	48	63	66	34	81	150	141	135	124
EBITDA Margin (%)	87.1	86.38	85.84	83.75	73.18	78.48	83.3	85.77	84.17	72.49	86.55	87.76	85.85	83.71	81.01
EBITA	42	38	43	45	13	21	38	54	53	22	70	131	114	92	57
Gross Margin (%)	66.58	66.18	72.26	76.21	57.18	69.11	75.67	80.27	74.68	62.49	80.67	81.28	76.48	64.62	46.24
Operating Margin (%)	60.7	60.14	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
Profit Margin (%)	60.75	60.16	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
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.71	1.85	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
Depreciation Expense	18	17	13	10	10	9	9	9	14	12	11	19	27	43	66
Basic Weighted Avg Shares	31	31	31	31	31	31	31	32	34	35	35	38	39	42	48
Basic EPS, GAAP	1.33	1.2	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
Basic EPS from Cont Ops	1.38	1.24	1.42	1.47	0.43	0.68	1.22	1.67	1.55	0.63	2	3.47	2.94	2.21	1.2
Diluted Weighted Avg Shares	31	31	31	31	31	31	31	32	34	35	35	38	39	42	48
Diluted EPS, GAAP	1.33	1.2	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
Diluted EPS from Cont Ops	1.38	1.24	1.42	1.47	0.43	0.68	1.22	1.67	1.55	0.63	2	3.47	2.94	2.21	1.2

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	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
Total Current Assets	28	26	28	26	13	15	25	30	28	18	47	62	70	68	59
+ Cash, Cash Equivalents & STI	14	14	15	16	7	8	14	18	15	11	28	41	47	43	42
+ Cash & Cash Equivalents	14	14	15	16	7	8	14	18	15	11	28	41	47	43	42
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	14	12	13	11	6	7	12	12	13	7	18	22	23	25	16
+ Accounts Receivable, Net	7	6	7	5	3	4	6	7	7	5	12	15	14	19	14
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	8	6	7	6	3	2	5	5	6	2	7	7	8	6	3
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	114	98	85	71	61	52	67	58	89	70	100	114	121	299	251
+ Property, Plant & Equip, Net	114	98	85	71	61	52	67	58	89	70	100	114	121	299	251
+ Property, Plant & Equip	345	345	345	341	341	341	365	365	408	402	442	475	509	729	747
- Accumulated Depreciation	230	247	260	270	280	289	298	307	320	332	342	361	387	430	496
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Assets	143	124	113	98	74	67	92	88	117	88	147	176	191	367	310
+ Payables & Accruals	1	- -	1	1	- -	- -	1	- -	2	2	3	3	4	4	4
+ Accounts Payable	1	- -	1	1	- -	- -	1	- -	2	2	3	3	4	4	4
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	1	- -	1	1	1	- -	1	- -	2	2	3	3	4	4	4
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	1	1	1	1
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	1	1	1	1
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	1	1	2	2	2	1	1	1	1
Total Liabilities	1	1	1	1	1	- -	1	1	5	4	4	5	6	5	4
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	142	123	112	97	73	67	91	87	112	85	142	172	186	362	305
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	142	123	112	97	73	67	91	87	112	85	142	172	186	362	305
Total Liabilities & Equity	143	124	113	98	74	67	92	88	117	88	147	176	191	367	310
Shares Outstanding	31	31	31	31	31	31	32	32	35	35	37	38	40	47	48
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	2	1	1	1
Net Debt	-14	-14	-15	-16	-7	-8	-14	-18	-15	-11	-28	-41	-47	-43	-42
Net Debt to Equity	-10.02	-11.19	-13.57	-16.49	-9.75	-12.27	-15.24	-21.1	-13.65	-13.28	-19.88	-23.76	-25.34	-11.75	-13.74
Tangible Common Equity Ratio	99.54	99.57	99.15	98.99	99.24	99.59	98.59	98.55	96.11	95.74	97	97.32	97.12	98.63	98.61
Current Ratio	50.1	53.53	29.68	26.87	23.89	53.77	39.8	61.97	11.97	9.7	16.65	18.31	15.6	15.97	15.54
Cash Conversion Cycle	8.92	27.49	20.54	9.36	22.91	22.43	22.46	19.09	9.1	9.56	-8.89	-4.35	-2.46	11.9	22.95

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	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
+ Net Income	42	38	44	45	13	21	38	54	53	22	70	131	114	92	57
+ Depreciation & Amortization	18	17	13	10	10	9	9	9	14	12	11	19	27	43	66
+ Non-Cash Items	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	-5	2	- -	2	4	-1	-4	- -	- -	5	-11	-3	-1	-3	9
+ (Inc) Dec in Accts Receiv	-5	2	-1	2	5	-1	-5	- -	- -	6	-11	-3	-2	-2	9
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	1	1	1	-1	- -
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	55	56	56	58	28	28	44	63	66	39	70	147	140	133	132
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	- -	2	2	15	4
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	- -	2	2	15	4
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	4	- -	- -	-1	- -	1	- -	- -	-2	-2	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	4	- -	- -	-1	- -	2	6	3	2	2	15	4
+ Dividends Paid	-53	-57	-55	-61	-37	-27	-38	-58	-71	-50	-56	-137	-136	-152	-137
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-53	-57	-55	-61	-37	-27	-38	-58	-71	-50	-56	-137	-136	-152	-137
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	3	- -	1	1	-9	1	6	4	-3	-4	17	12	6	-5	-1
EBITDA	61	55	57	55	23	29	48	63	66	34	81	150	141	135	124
EBITDA Margin (%)	87.1	86.38	85.84	83.75	73.18	78.48	83.3	85.77	84.17	72.49	86.55	87.76	85.85	83.71	81.01
Free Cash Flow	55	56	56	58	28	28	44	63	66	39	70	147	140	133	132
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	-2	-2	- -	- -
Free Cash Flow to Firm	55	56	56	58	28	28	44	63	66	39	70	147	140	133	132
Free Cash Flow to Equity	54	55	55	56	27	28	43	61	65	45	68	145	138	144	134
Free Cash Flow per Basic Share	1.81	1.84	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
Price/Free Cash Flow	12.53	11.05	14.13	13.58	10.96	19.04	10.87	7.56	10.07	9.6	9.87	7.66	8.83	10.51	8.04
Cash Flow to Net Income	1.31	1.48	1.29	1.27	2.09	1.35	1.15	1.16	1.25	1.8	1	1.13	1.23	1.43	2.31
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -