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Dorchester Minerals

DMLP

Dorchester Minerals LP is a publicly traded limited partnership focused on the acquisition, ownership, and administration of oil and natural gas royalty and net profits interests.

Market cap
$1.45B+18.6%
Revenue$192.2M+13.9%
Net income$87.4M+8.3%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

August 6, 2026

Next report

Nov 5, 2026 (in 2 months)

Financials

Q2 2026

Income statement

See full
Revenue$56.1M+73.1%
Net income$30.9M+150%

Balance sheet

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Cash & equivalents$72.5M+98.6%
Total debt$3.5M+285%
Total assets$314.0M-3.6%

Cash flow

See full
Operating cash flow$64.2M+110%

Valuation & ratios

Valuation

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Market cap$1.45B+18.6%
Enterprise value$1.38B+16.4%
P/E16.6×+1.4×
P/S7.5×+0.3×

Profitability

See full
Net margin45.5%-2.3pp

Returns & leverage

See full
Current ratio13.9×+2.2×

Segments

By product

See full
Net Profit Interests$9.6M+153%
Other Revenue$1.4M+187%
Lease Bonus$1.2M-66.6%

Competitors

Profile

Dorchester Minerals LP is a publicly traded limited partnership focused on the acquisition, ownership, and administration of oil and natural gas royalty and net profits interests. The company operates as a yield-oriented entity, distributing 100% of its available quarterly cash flow to unitholders while maintaining a debt-free balance sheet. Its portfolio consists of producing and non-producing mineral interests across a vast geographic footprint in the United States.

Competitive position

A specialized royalty owner that competes by leveraging its ability to acquire assets through equity issuance rather than debt, though it faces competition from larger integrated firms with greater financial resources.

GeographiesUnited States, Texas, New Mexico, Colorado, Oklahoma, Kansas
Customer segmentsUpstream Energy Operators, Integrated Oil Companies
Business modelAsset Management, Royalty-based, Master Limited Partnership (MLP)
SuppliersThird-party oil and gas operators, Drilling and production service providers, Regulatory agencies (FERC, EPA)
CustomersRefiners, Midstream pipeline operators, Petroleum product marketers
Listed2003
Employees26.0
CEOBradley J. Ehrman
SectorEnergy
Websitedmlp.net
FilingsSEC EDGAR

FAQ

What is Dorchester Minerals's market cap?
Dorchester Minerals (DMLP) has a market capitalization of $1.4B and trades on NASDAQ.
What is Dorchester Minerals's revenue and profitability?
Dorchester Minerals generated $192.2M in trailing twelve-month revenue with net income of $87.4M, representing a net margin of 45.5%. The latest reported period is Q2 2026.
Who are Dorchester Minerals's competitors?
Dorchester Minerals's key competitors include Viper Energy, Inc., Texas Pacific Land Corporation, Black Stone Minerals, L.P., and others. These companies compete in similar markets and product categories.
Who does Dorchester Minerals partner with?
Dorchester Minerals's notable partners include Exxon Mobil Corporation, Chevron Corporation.
What subsidiaries does Dorchester Minerals have?
Dorchester Minerals's subsidiaries include Dorchester Minerals Operating LP, Dorchester Minerals Management LP.
Where is Dorchester Minerals headquartered?
Dorchester Minerals is headquartered in United States of America and employs approximately 26 people. It has been publicly traded since 2003.