Dorchester Minerals, L.P.
DMLP · Price history
Price at last available close
$30.42
+$2.09 (+7.38%) 1M
2026-10-27
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Company & revenue
About Dorchester Minerals, L.P.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Dorchester Minerals, L. P. is engaged in the acquisition, ownership, and management of both producing and non-producing royalty, net profit, and leasehold interests related to natural gas and crude oil across the United States.
How they make money
Dorchester Minerals, L.P. generates revenue primarily through the ownership and administration of oil and natural gas mineral, royalty, overriding royalty, and net profits interests. The partnership does not operate wells itself; instead, it receives royalty payments based on production from properties managed by third-party operators, who bear the costs of exploration, development, and production.
Products & services
The partnership owns producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Oil and natural gas purchasersSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Oil and gas operators — Third-party companies that operate the properties in which the partnership holds interests; these operators are responsible for all production activities and costs.Source
Strengths
- Passive ownership model with no direct operational costs or capital expenditure requirements for well development.Source
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 284.9% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
50
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
78
Strong
Financial Strength
89
Business Quality / Moat
51
Management
100
Growth Quality
66
Risk / Durability
86
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
46
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
50/100
Building Historical Record
Model Score 50/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
- •Balance-sheet / debt profile scores strongly
- •Insider activity signal is favorable
- •M&A headline · Aug 3, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for DMLP
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can DMLP maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is DMLP's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is DMLP likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What future growth or profitability would be needed to justify DMLP's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of DMLP's score?
Essential Investment Snapshot
Wall Street Score
50
Opportunity Score
46
Market Cap
$1.49B
P/E Ratio
15.5
EPS
$1.81
52-Week High
$30.54
52-Week Low
$20.85
Beta
0.52
Intrinsic Value
$15.38
Shares Outstanding
47.7M
Total Revenue
$192.2M
Total Debt
$3.5M
Dividend Yield (TTM)
21.00%
Liquidation Value / Share
$6.37
Dividend / Share (TTM)
$6.39
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for DMLP
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
M&A headline · Aug 3, 2026
Dorchester Minerals, L.P. Announces Acquisition of Mineral and Royalty Interests — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on DMLP.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Passive ownership model with no direct operational costs or capital expenditure requirements for well development.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Exploration & Production industry.
- −Dependence on third-party operators for production, maintenance, and accurate reporting of revenues.
- −Volatility in oil and natural gas commodity prices.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
50
Sep 21, 2026
Change
-0.1
points
Current Score
50
Oct 1, 2026
Category Changes
DMLP decreased 0.1 points because Moat declined by 2.6 points.
Negative Contributors
- − Moat declined by 2.6 points
Projected Score
Projected Score
58
Projected Change
+8.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 8.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$30.42
Model Intrinsic Value
$15.38
Difference
+$15.04
+97.7% vs IV
Margin of Safety
-97.7%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192.2M | $152.8M | $161.5M | $163.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $52.2M | $82.2M | $57.1M | $38.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $140.0M | $70.7M | $104.4M | $125.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $8.3M | $13.3M | $11.9M | $11.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $35.7M | $13.3M | $11.9M | $11.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $158.9M | $123.7M | $135.2M | $140.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $104.4M | $57.4M | $92.4M | $114.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $87.4M | $57.4M | $92.4M | $114.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $87.8M | $57.4M | $92.4M | $110.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.81 | $1.20 | $2.13 | $2.85 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 48.26M | 47.65M | 41.81M | 38.78M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 48.26M | 47.65M | 41.81M | 38.78M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$56.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.62
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+284.9%
Cash Change
+98.6%
Margin Change
+18.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 73.1%. EPS increased 148.0%. Cash increased 98.6%. Total debt increased 284.9%. Net income margin improved by 18.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Dorchester Minerals, L.P. Announces Second Quarter Results
Dorchester Minerals, L.P. Announces Acquisition of Mineral and Royalty Interests
Rumor Mill · DMLP
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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