Dorchester Minerals, L.P. (DMLP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DMLP Revenue Growth
Revenue Breakdown (FY 2025)
DMLP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
DMLP Revenue Analysis (2014–2025)
As of May 8, 2026, Dorchester Minerals, L.P. (DMLP) generated trailing twelve-month (TTM) revenue of $168.5 million, reflecting explosive growth of +36.4% year-over-year. The most recent quarter (Q1 2026) recorded $58.9 million in revenue, up 40.7% sequentially.
Looking at the longer-term picture, DMLP's 5-year compound annual growth rate (CAGR) stands at +26.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $170.8 million in 2022.
Revenue diversification analysis shows DMLP's business is primarily driven by Royalties (84%), Net Profit Interests (9%), and Lease Bonus (6%). With over half of revenue concentrated in Royalties, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including BSM (+6.9% YoY), VNOM (+77.8% YoY), and TPL (+15.3% YoY), DMLP has underperformed the peer group in terms of revenue growth. Compare DMLP vs BSM →
DMLP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DMLPCurrent | $169M | +36.4% | +26.6% | 37.5% | |
 BSM | $422M | +6.9% | +7.3% | 61.8% | |
 VNOM | $1.3B | +77.8% | +40.1% | 43.0% | |
 TPL | $798M | +15.3% | +21.4% | 74.2% | |
 NRP | $202M | -19.7% | +9.4% | 68.9% | |
 TPVG | $97M | - | - | 77.9% |
DMLP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $152.8M | -5.4% | $70.7M | 46.2% | $57.4M | 37.5% |
| 2024 | $161.5M | -1.4% | $104.4M | 64.6% | $92.4M | 57.2% |
| 2023 | $163.8M | -4.1% | $125.3M | 76.5% | $114.1M | 69.7% |
| 2022 | $170.8M | +82.8% | $138.8M | 81.3% | $130.6M | 76.5% |
| 2021 | $93.4M | +99.1% | $75.4M | 80.7% | $70.2M | 75.1% |
| 2020 | $46.9M | -40.4% | $29.3M | 62.5% | $21.9M | 46.6% |
| 2019 | $78.8M | +7.5% | $58.9M | 74.7% | $52.8M | 67.0% |
| 2018 | $73.3M | +27.9% | $58.8M | 80.3% | $53.9M | 73.6% |
| 2017 | $57.3M | +52.5% | $43.4M | 75.7% | $38.4M | 67.1% |
| 2016 | $37.6M | +17.9% | $26.0M | 69.1% | $21.0M | 55.8% |
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Start ComparisonDMLP — Frequently Asked Questions
Quick answers to the most common questions about buying DMLP stock.
Is DMLP's revenue growth accelerating or slowing?
DMLP revenue is accelerating at +36.4% year-over-year, exceeding the 5-year CAGR of +26.6%. TTM revenue reached $169M. Growth momentum has increased versus prior periods.
What is DMLP's long-term revenue growth rate?
Dorchester Minerals, L.P.'s 5-year revenue CAGR of +26.6% reflects the sustained expansion pattern. Current YoY growth of +36.4% is above this long-term average.
How is DMLP's revenue distributed by segment?
DMLP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.