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Dorchester Minerals, L.p. (DMLP) stock

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NASDAQ: DMLP Nasdaq Oil & Gas Exploration & Production Next results ~November 5, 2026

B+ Fundamentals grade

Dorchester Minerals, L.p. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$90

Cash-flow model

Base case. Range ~$68–$120 across our lower- and higher-growth cases (5.8%–15.8% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Dorchester Minerals, L.p. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Dorchester Minerals files

Where Dorchester Minerals, L.p. stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $192m, up 13.9% on a year earlier, against a decline of 3.0% a quarter earlier. Free-cash-flow margin held at 81.5%. The diluted share count is up 5.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $90.33 a share, against a share price of $30.64.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Dorchester Minerals, L.p.'s trailing-twelve-month revenue grew 13.9% year on year, with a free-cash-flow margin of 81.5%. Where it stands out: free-cash-flow margin of 81.5% ranks 1 of 51 oil & gas exploration & production companies we cover.

Our discounted-cash-flow model values the business at ~$90 per share in the base case (~$68–$120 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 13.9% (+16.9pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 16.9 points higher than a quarter earlier.
  • Strong cash generation. 81.5% of revenue turned into free cash flow, against a median of 23.2% for oil & gas exploration & production companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Share dilution. Diluted shares rose 5.6% in a year.

Latest results: FY2026 Q2

Filed August 6, 2026
Revenue
$56m, up 73.1% on a year earlier
Next report
November 5, 2026

Dorchester Minerals' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.9%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$192M
Net margin
45.5%
EPS (TTM, diluted)
$1.82

Growth

Revenue growth
+13.9%
Change in growth rate
+16.9 pts
Share count change
+5.6%

Cash

Free cash flow (TTM)
$157M
FCF margin
81.5%

Earnings

Last results
October 22, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Deal
  2. Results
  3. Agreement
  4. Results
  5. Announcement
  6. Results
  7. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Dorchester Minerals, L.p. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Our value per share comes from a discounted-cash-flow model of Dorchester Minerals, L.p.'s free cash flow after stock-based pay ( $156M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Dorchester Minerals, L.p. as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. — Does not apply: no standardised measure of proved reserves in the company's tagged filings
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$90 ~$68–$120 Included
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$20 ~$16–$31 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (proved-reserve net asset value) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$55 ~$20–$90 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Dorchester Minerals, L.p. with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −1%
  • Last year's free-cash-flow margin change, if it persists ▼ −1%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $48$65$87$116$154$204
8.5% $37$49$65$86$113$148
10% $31$40$52$68$89$116

Valuation multiples over time Market data may be delayed

At fiscal year end Now
Share price$28.36
Market value$1.4bn
+ Net debt (− = net cash)−$73m
Enterprise value$1.3bn
Multiples
Price / sales 7.1x
Price / earnings 15.6x
Price / free cash flow 8.7x
EV / EBITDA —

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

81 /100

Strong moat

How hard Dorchester Minerals's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 39.5% of total assets over 10 years.

  • Durability 20 / 20

    Net margin has been a median 67.0%; its worst year was 45.5%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 9 of 9 years, at a median 81.5% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 38.7% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close.

Analysts' consensus

No analyst estimates are published for Dorchester Minerals, L.p.: too few analysts cover it.

Management guidance

Earnings release, October 22, 2026

No numeric guidance in Dorchester Minerals, L.p.'s latest earnings release (filed October 22, 2026). Some companies give their outlook only on the earnings call.

Positioning

Short interest
0.9%
of tradable shares
Days to cover
5.08
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
26%
of shares
Held by insiders
5.9%
of shares
Employees
26
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Dorchester Minerals, L.p. in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Dorchester Minerals, L.p.
$140M $160M $180M $200M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $152.3M Revenue (TTM), FY23 Q4: $163.8M Revenue (TTM), FY24 Q1: $154.6M Revenue (TTM), FY24 Q2: $161.4M Revenue (TTM), FY24 Q3: $172.2M Revenue (TTM), FY24 Q4: $161.5M Revenue (TTM), FY25 Q1: $173.7M Revenue (TTM), FY25 Q2: $168.7M Revenue (TTM), FY25 Q3: $150.7M Revenue (TTM), FY25 Q4: $152.8M Revenue (TTM), FY26 Q1: $168.5M Revenue (TTM), FY26 Q2: $192.2M $192.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $152.3M
FY23 Q4 $163.8M
FY24 Q1 $154.6M
FY24 Q2 $161.4M
FY24 Q3 $172.2M
FY24 Q4 $161.5M
FY25 Q1 $173.7M
FY25 Q2 $168.7M
FY25 Q3 $150.7M
FY25 Q4 $152.8M
FY26 Q1 $168.5M
FY26 Q2 $192.2M
Revenue growth, TTM YoY Dorchester Minerals, L.p.
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -6.1% Revenue growth, TTM YoY, FY23 Q4: -4.1% Revenue growth, TTM YoY, FY24 Q1: -9.4% Revenue growth, TTM YoY, FY24 Q2: 5.0% Revenue growth, TTM YoY, FY24 Q3: 13.1% Revenue growth, TTM YoY, FY24 Q4: -1.4% Revenue growth, TTM YoY, FY25 Q1: 12.4% Revenue growth, TTM YoY, FY25 Q2: 4.6% Revenue growth, TTM YoY, FY25 Q3: -12.5% Revenue growth, TTM YoY, FY25 Q4: -5.4% Revenue growth, TTM YoY, FY26 Q1: -3.0% Revenue growth, TTM YoY, FY26 Q2: 13.9% 13.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -6.1%
FY23 Q4 -4.1%
FY24 Q1 -9.4%
FY24 Q2 5.0%
FY24 Q3 13.1%
FY24 Q4 -1.4%
FY25 Q1 12.4%
FY25 Q2 4.6%
FY25 Q3 -12.5%
FY25 Q4 -5.4%
FY26 Q1 -3.0%
FY26 Q2 13.9%
FCF margin (TTM) Dorchester Minerals, L.p.
70% 75% 80% 85% 90% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 89.1% FCF margin (TTM), FY23 Q4: 85.4% FCF margin (TTM), FY24 Q1: 83.5% FCF margin (TTM), FY24 Q2: 80.0% FCF margin (TTM), FY24 Q3: 80.7% FCF margin (TTM), FY24 Q4: 82.1% FCF margin (TTM), FY25 Q1: 79.5% FCF margin (TTM), FY25 Q2: 82.5% FCF margin (TTM), FY25 Q3: 86.1% FCF margin (TTM), FY25 Q4: 86.7% FCF margin (TTM), FY26 Q1: 73.0% FCF margin (TTM), FY26 Q2: 81.5% 81.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 89.1%
FY23 Q4 85.4%
FY24 Q1 83.5%
FY24 Q2 80.0%
FY24 Q3 80.7%
FY24 Q4 82.1%
FY25 Q1 79.5%
FY25 Q2 82.5%
FY25 Q3 86.1%
FY25 Q4 86.7%
FY26 Q1 73.0%
FY26 Q2 81.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 38 57 73 79 47 93 171 164 162 153 192
EBITDA 29 — — — — — — — — — —
Operating income 21 — — — — — — — — — —
Net income 21 38 54 53 22 70 131 114 92 57 87
Diluted EPS $0.66 $1.18 $1.61 $1.50 $0.61 $1.94 — — — — $1.82
Growth (year on year)
Revenue — +52.5% +27.9% +7.5% −40.4% +99.1% +82.8% −4.1% −1.4% −5.4% +13.9%
Net income — +83.3% +40.3% −2.1% −58.6% +220.9% +86.1% −12.6% −19.0% −38.0% +8.3%
Diluted EPS — +78.8% +36.4% −6.8% −59.3% +218.0% — — — — +2.6%
Margins
EBITDA margin 78.5% — — — — — — — — — —
Operating margin 55.8% — — — — — — — — — —
Net margin 55.8% 67.1% 73.6% 67.0% 46.6% 75.1% 76.5% 69.7% 57.2% 37.5% 45.5%
Free-cash-flow margin — 75.0% 85.3% 83.9% 84.0% 75.3% 86.1% 85.4% 82.1% 86.7% 81.5%
Cash flow
Cash from operations 28 44 63 66 39 70 147 140 133 132 157
Capital spending — 1 0 0 0 0 0 0 0 0 0
Free cash flow — 43 62 66 39 70 147 140 133 132 157
Balance sheet
Cash 8 14 18 15 11 28 41 47 43 42 73
Total debt 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −8 −14 −18 −15 −11 −28 −41 −47 −43 −42 −73
Diluted shares 31m 31m 32m 34m 35m 35m 38m 39m 42m 48m 48m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $314m
Short-term assets $100mLonger-term assets $214m
What it owes, and who funded it · $10m
Short-term liabilities $7mLonger-term liabilities $3m
  • Short-term assets cover short-term liabilities $100m of assets due within a year against $7m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $100m short-term assets against $3m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Dorchester Minerals, L.p.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+5.6%
year over year

Competitors: side by side with peers

Closest by revenue in oil & gas exploration & production
Last 12 months unless stated DMLP SD PNRG AMPY BATL VTS Median
Revenue, last 12 months $192m $180m $179m $213m $163m $300m $1.4bn
Revenue growth, last 12 months 13.9% 23.2% −19.4% −23.7% −12.0% 10.6% 10.6%
Revenue growth, 3-year average 7.7% −4.0% 5.1% −17.3% −18.0% 10.0% 1.4%
Revenue growth, latest quarter 73.1% 48.0% 1.2% −22.9% 12.4% 23.0% 31.5%
Gross margin — 98.2% 96.8% 95.2% — — 75.2%
Operating margin — 41.1% 26.6% 19.9% −3.2% 12.0% 21.1%
Operating margin, 3-year average — 36.3% 20.4% 15.8% −1.6% 14.9% 16.5%
Net margin 45.5% 46.1% 13.9% 10.6% −24.5% −15.4% 10.1%
Cash from operations / revenue 81.5% 66.2% 55.0% 3.4% 16.6% 42.1% 42.4%
Free-cash-flow margin 81.5% 23.6% 27.3% 3.2% −2.7% 33.7% 19.3%
Free-cash-flow margin, 3-year average 81.3% 37.2% 9.9% 15.1% −49.3% 46.2% 19.1%
Stock pay / revenue — 1.6% — 3.6% −0.1% 2.8% 1.5%
Change in share count 5.6% −0.2% −3.0% 2.1% 45.1% 11.5% 0.4%

Median of all 57 companies we cover in oil & gas exploration & production. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 oil & gas exploration & production companies
Measure Company Peer median Rank
Revenue growth Growth 13.9% 10.6% 25 of 57
Change in growth rate Growth +16.9pp +4.9pp 7 of 57
Net margin Profitability 45.5% 10.1% 4 of 57
Free-cash-flow margin Cash generation 81.5% 23.2% 1 of 51
Change in share count Balance sheet 5.6% 0.4% 37 of 48

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Royalties $128M 83.8% ▼ 7.0%
Royalties Oil $114M 89.3% ▼ 12.0%
Net Profit Interests $13.9M 10.9% ▼ 36.3%
Royalties Natural Gas $13.7M 9.0% ▲ 76.4%
Lease Bonus $9.4M 6.2% ▲ 2893.6%
Other Revenue $1.7M 1.1% ▼ 11.0%

From Dorchester Minerals, L.p.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$283M
Institutions reporting
152
Shares held vs prior quarter
▲ 6.4%
Positions opened / closed
16 / 12

Top buyers and sellers, Q2 2026: 61 institutions bought and 41 sold ; the biggest buyer was Turtle Creek Wealth Advisors, LLC (+842K shares) and the biggest seller Morgan Stanley (−739K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Morgan Stanley $26.2M 1.0M 9.3% ▼ 41.6%
Adams Asset Advisors, LLC $23M 911K 8.1% ▲ 2.6%
Horizon Kinetics Asset Management LLC $21.5M 853K 7.6% ▼ 0.9%
Turtle Creek Wealth Advisors, LLC $21.3M 842K 7.5% New
Hollow Brook Wealth Management LLC $20.3M 803K 7.2% 0.0%
Midfirst Bank $12.6M 501K 4.5% ▲ 1.3%
Meixler Investment Management, Ltd. $9.3M 369K 3.3% ▼ 4.1%
Pathstone Holdings, LLC $9.1M 359K 3.2% ▲ 4139.2%
Royce & Associates LP $8.6M 339K 3.0% 0.0%
Archpoint Investors $7.9M 314K 2.8% ▼ 37.2%
Freestone Capital Holdings, LLC $7.7M 306K 2.7% ▲ 63.7%
Natixis $5.9M 234K 2.1% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Dorchester Minerals, L.p.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $2.3M 21 trades by 5 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $2.3M net buying
Insider Date Trade Shares Price Value
Moriyama Leslie A Chief Financial Officer August 19, 2026 Buy 5,197 $28.30 $147,075
Dorchester Minerals Operating Lp 10% owner June 1, 2026 Buy pre-set plan 4,001 $27.50 $110,028
Dorchester Minerals Operating Lp 10% owner June 1, 2026 Buy pre-set plan 999 $27.62 $27,592
Dorchester Minerals Operating Lp 10% owner June 1, 2026 Buy pre-set plan 2,500 $27.64 $69,100
Dorchester Minerals Operating Lp 10% owner May 20, 2026 Buy pre-set plan 1,500 $28.24 $42,360
Dorchester Minerals Operating Lp 10% owner May 20, 2026 Buy pre-set plan 6,000 $28.32 $169,920
Ehrman Bradley J Chief Executive Officer May 12, 2026 Buy 4,000 $26.78 $107,120
Dorchester Minerals Operating Lp 10% owner February 13, 2026 Buy pre-set plan 5,000 $25.29 $126,450
Dorchester Minerals Operating Lp 10% owner February 12, 2026 Buy pre-set plan 5,000 $25.08 $125,400
Dorchester Minerals Operating Lp 10% owner February 11, 2026 Buy pre-set plan 10,000 $25.29 $252,900
Dorchester Minerals Operating Lp 10% owner December 22, 2025 Buy pre-set plan 10,000 $22.30 $223,000
Dorchester Minerals Operating Lp 10% owner December 19, 2025 Buy pre-set plan 5,000 $22.23 $111,150

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Dorchester Minerals, L.p. shares.

  • August Pfluger(R-TX 11):Purchase, $15,001 - $50,000, traded March 13, 2026, filed April 15, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

  • October 22, 2026
  • August 7, 2026
  • July 23, 2026
  • May 6, 2026
  • April 23, 2026
  • February 24, 2026

Recent SEC filings

Data status

When each part of this page on Dorchester Minerals, L.p. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Dorchester Minerals, L.p. in brief

What does Dorchester Minerals, L.p. do?
Dorchester Minerals, L.p. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
What is Dorchester Minerals, L.p.'s stock ticker?
Dorchester Minerals, L.p. trades under the ticker DMLP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Dorchester Minerals, L.p.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Dorchester Minerals, L.p. reported revenue of $192M, 13.9% higher than a year earlier, according to its SEC filings.
What is Dorchester Minerals, L.p.'s free cash flow?
Dorchester Minerals, L.p.'s free-cash-flow margin is 81.5% of revenue over the trailing twelve months, ranking 1 of the 51 oil & gas exploration & production companies we cover.
What is Dorchester Minerals, L.p.'s model value per share?
Our discounted-cash-flow model of Dorchester Minerals, L.p.'s free cash flow after stock-based pay gives ~$90 per share in the base case, and ~$68–$120 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation. No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.
Who are Dorchester Minerals, L.p.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Morgan Stanley, Adams Asset Advisors, LLC and Horizon Kinetics Asset Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Dorchester Minerals, L.p.'s market cap?
On November 2, 2026, Dorchester Minerals, L.p.'s market capitalisation was about $1.4B, with a price-to-earnings ratio of 15.6 and net debt of -$72.5M. Market figures come from third-party market data and may be delayed.
Who are Dorchester Minerals, L.p.'s competitors?
In our Oil & Gas Exploration & Production peer group, the companies closest to Dorchester Minerals, L.p. are Sandridge Energy Inc, Primeenergy Resources Corp, Amplify Energy Corp., Battalion OIL Corp and Vitesse Energy, Inc. The side-by-side comparison below sets their revenue, margins and growth against Dorchester Minerals, L.p.'s.
Are insiders buying or selling Dorchester Minerals, L.p. stock?
Over the last 12 months, Dorchester Minerals, L.p.'s directors and officers reported 21 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Dorchester Minerals, L.p.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Dorchester Minerals, L.p. announces its own schedule.