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Battalion OIL vs Dorchester Minerals, L.p.

Battalion OIL and Dorchester Minerals, L.p. are similar in size: $166m and $153m of revenue in their latest fiscal years. Dorchester Minerals, L.p. grew faster (-5.4% against -14.4%). Dorchester Minerals, L.p. kept more of each dollar of sales as profit: a net margin of 37.5% against 7.2%.

Latest fiscal yearBattalion OILBATL, 2025Dorchester Minerals, L.p.DMLP, 2025
Revenue $166m $153m
Revenue growth -14.4% -5.4%
Net income $11.9m $57.4m
Operating margin -4.0% —
Net margin 7.2% 37.5%
Return on equity — —
Free cash flow $39.1m $132m
Cash $28.0m $41.9m
Total debt $208m $0
Debt to equity — —
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 40 26
Market value $31.6m $1.37bn
Price vs our value range — Below our value range
Moat score 43 (Weak) 81 (Strong)
Insider trades, 12 months 2 buys, 12 sales 21 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.