8-K Announcements
6Mar 16, 2026·SEC
Mar 2, 2026·SEC
Feb 24, 2026·SEC
Dorchester Minerals, L.P. (DMLP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Dorchester Minerals, L.P. (DMLP) stock price & volume — 10-year historical chart
Dorchester Minerals, L.P. (DMLP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Dorchester Minerals, L.P. (DMLP) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 24, 2026 | $0.32 | $42M |
| Q4 2025 | Nov 6, 2025 | $0.23 | $35M |
| Q3 2025 | Aug 7, 2025 | $0.25 | $32M |
| Q2 2025 | May 8, 2025 | $0.36 | $43M |
Dorchester Minerals, L.P. (DMLP) competitors in Mineral and royalty interest owners — business model, growth, and fundamentals comparison
Dorchester Minerals, L.P. (DMLP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Dorchester Minerals, L.P. (DMLP) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 57.29M | 73.28M | 78.8M | 46.93M | 93.42M | 170.8M | 163.8M | 161.52M | 152.83M |
| Revenue Growth % | 52.54% | 27.9% | 7.53% | -40.45% | 99.08% | 82.82% | -4.1% | -1.39% | -5.38% |
| Cost of Goods Sold | 13.94M | 14.46M | 19.95M | 17.6M | 18.06M | 31.97M | 38.52M | 57.14M | 0 |
| COGS % of Revenue | 24.33% | 19.73% | 25.31% | 37.51% | 19.33% | 18.72% | 23.52% | 35.38% | - |
| Gross Profit | 43.35M▲ 0% | 58.82M▲ 35.7% | 58.85M▲ 0.1% | 29.33M▼ 50.2% | 75.36M▲ 157.0% | 138.83M▲ 84.2% | 125.28M▼ 9.8% | 104.38M▼ 16.7% | 0▼ 100.0% |
| Gross Margin % | 75.67% | 80.27% | 74.69% | 62.49% | 80.67% | 81.28% | 76.48% | 64.62% | - |
| Gross Profit Growth % | 67.02% | 35.67% | 0.05% | -50.17% | 156.98% | 84.21% | -9.76% | -16.68% | -100% |
| Operating Expenses | 4.93M | 4.91M | 6.09M | 7.46M | 5.19M | 8.22M | 11.16M | 11.93M | 152.83M |
| OpEx % of Revenue | 8.61% | 6.7% | 7.72% | 15.89% | 5.55% | 4.81% | 6.82% | 7.39% | 100% |
| Selling, General & Admin | 4.93M | 4.91M | 6.09M | 7.46M | 5.19M | 8.22M | 11.16M | 11.93M | 2.18M |
| SG&A % of Revenue | 8.61% | 6.7% | 7.72% | 15.89% | 5.55% | 4.81% | 6.82% | 7.39% | 1.43% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150.65M |
| Operating Income | 38.42M▲ 0% | 53.91M▲ 40.3% | 52.77M▼ 2.1% | 21.87M▼ 58.6% | 70.17M▲ 220.9% | 130.61M▲ 86.1% | 114.12M▼ 12.6% | 92.45M▼ 19.0% | 0▼ 100.0% |
| Operating Margin % | 67.07% | 73.57% | 66.96% | 46.6% | 75.11% | 76.47% | 69.67% | 57.24% | - |
| Operating Income Growth % | 83.26% | 40.3% | -2.12% | -58.56% | 220.91% | 86.12% | -12.63% | -18.99% | -100% |
| EBITDA | 47.73M | 62.85M | 66.07M | 34.02M | 80.86M | 149.9M | 140.62M | 135.22M | 123.65M |
| EBITDA Margin % | 83.3% | 85.77% | 83.84% | 72.49% | 86.55% | 87.76% | 85.85% | 83.71% | 80.91% |
| EBITDA Growth % | 61.93% | 31.7% | 5.11% | -48.51% | 137.72% | 85.38% | -6.19% | -3.84% | -8.55% |
| D&A (Non-Cash Add-back) | 9.3M | 8.95M | 13.3M | 12.15M | 10.69M | 19.29M | 26.5M | 42.77M | 66.3M |
| EBIT | 38.42M | 53.91M | 52.77M | 21.87M | 70.17M | 130.61M | 114.12M | 92.45M | 57.35M |
| Net Interest Income | 8.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 8.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 38.42M▲ 0% | 53.91M▲ 40.3% | 52.77M▼ 2.1% | 21.87M▼ 58.6% | 70.17M▲ 220.9% | 130.61M▲ 86.1% | 114.12M▼ 12.6% | 92.45M▼ 19.0% | 57.35M▼ 38.0% |
| Pretax Margin % | 67.07% | 73.57% | 66.96% | 46.6% | 75.11% | 76.47% | 69.67% | 57.24% | 37.53% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 38.42M▲ 0% | 53.91M▲ 40.3% | 52.77M▼ 2.1% | 21.87M▼ 58.6% | 70.17M▲ 220.9% | 130.61M▲ 86.1% | 110.39M▼ 15.5% | 92.45M▼ 16.3% | 57.35M▼ 38.0% |
| Net Margin % | 67.07% | 73.57% | 66.96% | 46.6% | 75.11% | 76.47% | 67.39% | 57.24% | 37.53% |
| Net Income Growth % | 83.26% | 40.3% | -2.12% | -58.56% | 220.91% | 86.12% | -15.48% | -16.25% | -37.96% |
| Net Income (Continuing) | 38.42M | 53.91M | 52.77M | 21.87M | 70.17M | 130.61M | 114.12M | 92.45M | 57.35M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.78M | 1.83M | 1.23M | 536K | 982K | 676K | 113K | -2M | 0 |
| EPS (Diluted) | 1.18▲ 0% | 1.67▲ 41.5% | 1.50▼ 10.2% | 0.61▼ 59.3% | 1.94▲ 218.0% | 3.35▲ 72.7% | 2.85▼ 14.9% | 2.13▼ 25.3% | 1.20▼ 43.7% |
| EPS Growth % | 78.79% | 41.53% | -10.18% | -59.33% | 218.03% | 72.68% | -14.93% | -25.26% | -43.66% |
| EPS (Basic) | 1.18 | 1.67 | 1.50 | 0.61 | 1.94 | 3.35 | 2.85 | 2.13 | 1.20 |
| Diluted Shares Outstanding | 31.49M | 32.28M | 34.13M | 34.68M | 35.05M | 37.62M | 38.78M | 41.81M | 47.65M |
| Basic Shares Outstanding | 31.49M | 32.28M | 34.13M | 34.68M | 35.05M | 37.62M | 38.78M | 41.81M | 47.65M |
| Dividend Payout Ratio | 98.37% | 107.6% | 134.37% | 220.62% | 76.82% | 100.99% | 119.18% | 158.49% | - |
Dorchester Minerals, L.P. (DMLP) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 25.36M | 30.12M | 28.28M | 18.22M | 46.66M | 62.47M | 69.71M | 67.83M | 58.94M |
| Cash & Short-Term Investments | 13.83M | 18.29M | 15.34M | 11.23M | 28.31M | 40.75M | 47.02M | 42.51M | 41.94M |
| Cash Only | 13.83M | 18.29M | 15.34M | 11.23M | 28.31M | 40.75M | 47.02M | 42.51M | 41.94M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 11.53M | 11.83M | 12.94M | 6.99M | 18.36M | 21.71M | 22.68M | 25.32M | 16.48M |
| Days Sales Outstanding | 73.44 | 58.94 | 59.95 | 54.36 | 71.71 | 46.4 | 50.54 | 57.23 | 39.36 |
| Inventory | 0 | -6.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 526K |
| Total Non-Current Assets | 66.69M | 57.8M | 88.6M | 70.11M | 100.15M | 113.78M | 121.36M | 298.98M | 250.61M |
| Property, Plant & Equipment | 66.69M | 57.8M | 88.6M | 70.11M | 100.15M | 113.78M | 121.36M | 298.98M | 423K |
| Fixed Asset Turnover | 0.86x | 1.27x | 0.89x | 0.67x | 0.93x | 1.50x | 1.35x | 0.54x | 361.30x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250.19M |
| Total Assets | 92.05M▲ 0% | 87.92M▼ 4.5% | 116.88M▲ 32.9% | 88.33M▼ 24.4% | 146.81M▲ 66.2% | 176.24M▲ 20.1% | 191.06M▲ 8.4% | 366.81M▲ 92.0% | 309.55M▼ 15.6% |
| Asset Turnover | 0.62x | 0.83x | 0.67x | 0.53x | 0.64x | 0.97x | 0.86x | 0.44x | 0.49x |
| Asset Growth % | 36.95% | -4.48% | 32.94% | -24.43% | 66.21% | 20.05% | 8.41% | 91.98% | -15.61% |
| Total Current Liabilities | 637K | 486K | 2.36M | 1.88M | 2.8M | 3.41M | 4.47M | 4.25M | 3.79M |
| Accounts Payable | 599K | 421K | 2.05M | 1.58M | 2.51M | 3.13M | 4.2M | 3.98M | 0 |
| Days Payables Outstanding | 15.69 | 10.63 | 37.55 | 32.72 | 50.77 | 35.74 | 39.75 | 25.45 | - |
| Short-Term Debt | 0 | 0 | 310K | 0 | 291K | 281K | 0 | 0 | 256K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | -272K | 0 | 0 |
| Other Current Liabilities | 38K | 65K | 0 | 0 | 0 | 0 | 272K | 0 | 3.54M |
| Current Ratio | 39.80x | 61.97x | 11.97x | 9.70x | 16.65x | 18.31x | 15.60x | 15.97x | 15.54x |
| Quick Ratio | 39.80x | 75.62x | 11.97x | 9.70x | 16.65x | 18.31x | 15.60x | 15.97x | 15.54x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 664K | 790K | 2.18M | 1.89M | 1.59M | 1.31M | 1.04M | 777K | 521K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 521K |
| Capital Lease Obligations | 0 | 0 | 2.19M | 1.89M | 1.59M | 1.31M | 1.04M | 777K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 664K | 790K | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.3M | 1.28M | 4.55M | 3.76M | 4.4M | 4.72M | 5.51M | 5.02M | 4.32M |
| Total Debt | 0 | 0 | 2.5M | 2.19M | 1.89M | 1.59M | 1.31M | 1.04M | 777K |
| Net Debt | -13.83M | -18.29M | -12.84M | -9.05M | -26.42M | -39.16M | -45.71M | -41.47M | -41.16M |
| Debt / Equity | - | - | 0.02x | 0.03x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x |
| Debt / EBITDA | - | - | 0.04x | 0.06x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x |
| Net Debt / EBITDA | -0.29x | -0.29x | -0.19x | -0.27x | -0.33x | -0.26x | -0.33x | -0.31x | -0.33x |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 92.53M▲ 0% | -305.19M▼ 429.8% | 112.34M▲ 136.8% | 84.56M▼ 24.7% | 142.41M▲ 68.4% | 171.52M▲ 20.4% | 185.56M▲ 8.2% | 361.79M▲ 95.0% | 305.24M▼ 15.6% |
| Equity Growth % | 34.6% | -429.83% | 136.81% | -24.72% | 68.41% | 20.44% | 8.19% | 94.97% | -15.63% |
| Book Value per Share | 2.94 | -9.45 | 3.29 | 2.44 | 4.06 | 4.56 | 4.78 | 8.65 | 6.41 |
| Total Shareholders' Equity | 90.75M | -307.01M | 111.11M | 84.03M | 141.43M | 170.84M | 185.44M | 363.79M | 305.24M |
| Common Stock | 88.96M | 84.82M | 111.11M | 84.03M | 141.43M | 170.84M | 185.44M | 363.79M | 0 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -298.07M | -307.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.78M | 1.83M | 1.23M | 536K | 982K | 676K | 113K | -2M | 0 |
Dorchester Minerals, L.P. (DMLP) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 44.03M | 62.52M | 66.11M | 39.41M | 70.31M | 147.05M | 139.84M | 132.64M | 132.49M |
| Operating CF Margin % | 76.85% | 85.32% | 83.9% | 83.97% | 75.25% | 86.1% | 85.37% | 82.12% | 86.69% |
| Operating CF Growth % | 55.7% | 42.01% | 5.73% | -40.39% | 78.41% | 109.16% | -4.9% | -5.15% | -0.12% |
| Net Income | 38.42M | 53.91M | 52.77M | 21.16M | 67.83M | 126.12M | 110.39M | 92.45M | 57.35M |
| Depreciation & Amortization | 9.3M | 8.95M | 13.56M | 12.15M | 10.69M | 19.29M | 26.5M | 42.77M | 66.46M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 9.28M | 8.91M | 0 | 705K | 2.35M | 4.49M | 3.73M | 0 | 8.67M |
| Working Capital Changes | -3.67M | -292K | -213K | 5.39M | -10.56M | -2.85M | -776K | -2.58M | 0 |
| Change in Receivables | -1.73M | -437K | 395K | 2.21M | -5.97M | -3.14M | -442K | -1.78M | 6.02M |
| Change in Inventory | -3.1M | 132K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 455K | -178K | 324K | -474K | 623K | 930K | 1.05M | -522K | -135K |
| Cash from Investing | -616K | -60K | 1.84M | 6.13M | 2.58M | 2.09M | 2.28M | 14.72M | 0 |
| Capital Expenditures | -1.06M | -60K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 1.84% | 0.08% | - | - | - | - | - | - | - |
| Acquisitions | 440K | -19K | 1.41M | 6.13M | 2.32M | 2.09M | 2.28M | 14.72M | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 440K | -19K | 439K | 0 | 262K | 0 | 0 | 0 | 0 |
| Cash from Financing | -37.8M | -58.01M | -70.9M | -49.64M | -55.81M | -136.69M | -135.85M | -151.88M | 0 |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -37.8M | -58.01M | -70.9M | -48.24M | -53.91M | -131.9M | -131.56M | -146.52M | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | -1.4M | -1.9M | -4.79M | -4.29M | -5.36M | 0 |
| Net Change in Cash | 5.62M▲ 0% | 4.46M▼ 20.6% | -2.95M▼ 166.1% | -4.11M▼ 39.4% | 17.07M▲ 515.7% | 12.45M▼ 27.1% | 6.27M▼ 49.6% | -4.52M▼ 172.0% | -571K▲ 87.4% |
| Free Cash Flow | 42.97M▲ 0% | 62.46M▲ 45.4% | 66.11M▲ 5.8% | 39.41M▼ 40.4% | 70.31M▲ 78.4% | 147.05M▲ 109.2% | 139.84M▼ 4.9% | 132.64M▼ 5.2% | 132.49M▼ 0.1% |
| FCF Margin % | 75.01% | 85.24% | 83.9% | 83.97% | 75.25% | 86.1% | 85.37% | 82.12% | 86.69% |
| FCF Growth % | 51.96% | 45.36% | 5.84% | -40.39% | 78.41% | 109.16% | -4.9% | -5.15% | -0.12% |
| FCF per Share | 1.36 | 1.94 | 1.94 | 1.14 | 2.01 | 3.91 | 3.61 | 3.17 | 2.78 |
| FCF Conversion (FCF/Net Income) | 1.15x | 1.16x | 1.25x | 1.80x | 1.00x | 1.13x | 1.27x | 1.43x | 2.31x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Dorchester Minerals, L.P. (DMLP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 29.14% | 47.65% | - | 46.97% | 22.21% | 61.83% | 83.21% | 61.83% | 33.78% | 17.2% |
| Return on Invested Capital (ROIC) | 24.46% | 41.4% | - | - | 18.74% | 54.96% | 78.89% | 62.89% | 30.14% | - |
| Gross Margin | 69.11% | 75.67% | 80.27% | 74.69% | 62.49% | 80.67% | 81.28% | 76.48% | 64.62% | - |
| Net Margin | 55.83% | 67.07% | 73.57% | 66.96% | 46.6% | 75.11% | 76.47% | 67.39% | 57.24% | 37.53% |
| Debt / Equity | - | - | - | 0.02x | 0.03x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x |
| FCF Conversion | 1.35x | 1.15x | 1.16x | 1.25x | 1.80x | 1.00x | 1.13x | 1.27x | 1.43x | 2.31x |
| Revenue Growth | 17.87% | 52.54% | 27.9% | 7.53% | -40.45% | 99.08% | 82.82% | -4.1% | -1.39% | -5.38% |
Dorchester Minerals, L.P. (DMLP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 16, 2026·SEC
Mar 2, 2026·SEC
Feb 24, 2026·SEC
Dorchester Minerals, L.P. (DMLP) stock FAQ — growth, dividends, profitability & financials explained
Dorchester Minerals, L.P. (DMLP) reported $152.8M in revenue for fiscal year 2025. This represents a 471% increase from $26.8M in 2001.
Dorchester Minerals, L.P. (DMLP) saw revenue decline by 5.4% over the past year.
Yes, Dorchester Minerals, L.P. (DMLP) is profitable, generating $57.4M in net income for fiscal year 2025 (37.5% net margin).
Dorchester Minerals, L.P. (DMLP) has a return on equity (ROE) of 17.2%. This is reasonable for most industries.
Dorchester Minerals, L.P. (DMLP) generated $132.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Dorchester Minerals, L.P. (DMLP) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates