DORCHESTER MINERALS, L.P. DMLP

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived Nasdaq

Dorchester Minerals, L.P. is a publicly traded Delaware limited partnership that commenced operations on January 31, 2003, upon the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P. and Spinnaker Royalty Company, L.P. Dorchester Hugoton was a publicly traded Texas limited partnership, and Republic and Spinnaker were private Texas limited partnerships. We have established a website at www.dmlp.net that contains the last annual meeting presentation. You may obtain all current filings free of charge through our website. We will provide electronic or paper copies of our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished to the Securities and Exchange Commission ("SEC") free of charge upon written request at our executive offices. In this report, the term "Partnership," as well as the terms "us," "our," "we," and "its" are sometimes used as abbreviated references to Dorchester Minerals, L.P. itself or Dorchester Minerals, L.P. and its related entities.

Last close 30.64 2026-10-23
Market cap $1.50B 2026-06-30 share count
52-week range 20.85 - 30.89

Valuation FY2025 figures against the last close

P/S9.8x
P/E—
P/FCF11.4x
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $152.8M$161.5M$163.8M$170.8M$93.4M$46.9M$78.8M$73.3M$57.3M$37.6M
SG&A —$11.9M$11.2M$8.2M$5.2M$7.5M$6.1M$4.9M$4.9M$5.0M
Total operating expenses $95.5M$69.1M$49.7M$40.2M$23.2M$25.1M$26.0M$19.4M$2.5M$1.7M
Operating income —————————$21.0M
Net income $57.4M$92.4M$114.1M$130.6M$70.2M$21.9M$52.8M$53.9M$38.4M$21.0M
EPS, basic 1.162.132.853.351.940.61————
EPS, diluted ————1.940.611.501.611.180.66
Shares, diluted (wtd. avg.) 47.7M41.8M38.8M37.6M35.1M34.7M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $41.9M$42.5M$47.0M$40.8M$28.3M$11.2M$15.3M$18.3M$13.8M$8.2M
Receivables $16.5M$24.8M$22.0M———————
Total current assets $58.9M$67.8M$69.7M$62.5M$46.7M$18.2M$28.3M$30.1M$25.4M$14.8M
Total assets $309.6M$366.8M$191.1M$176.2M$146.8M$88.3M$116.9M$87.9M$92.0M$67.2M
Accounts payable $3.5M$4.0M$4.2M$3.1M$2.5M$1.6M$2.1M$421.0K$599.0K$252.0K
Total current liabilities $3.8M$4.2M$4.5M$3.4M$2.8M$1.9M$2.4M$486.0K$637.0K$275.0K
Total liabilities $4.3M$5.0M$5.5M$4.7M$4.4M$3.8M$4.5M$1.3M$1.3M$275.0K

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $132.5M$132.6M$139.8M$147.1M$70.3M$39.4M$66.1M$62.5M$44.0M$28.3M
Depreciation and amortisation $66.3M$42.6M$26.3M$19.1M$10.5M$11.9M$13.3M$8.9M$9.3M$8.5M
Investing cash flow ——$2.3M$2.1M$2.6M$6.1M$1.8M-$60.0K-$616.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-005376.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M 200M Revenue, FY2016: 37.6M Net income, FY2016: 21M Revenue, FY2017: 57.3M Net income, FY2017: 38.4M Revenue, FY2018: 73.3M Net income, FY2018: 53.9M Revenue, FY2019: 78.8M Net income, FY2019: 52.8M Revenue, FY2020: 46.9M Net income, FY2020: 21.9M Revenue, FY2021: 93.4M Net income, FY2021: 70.2M Revenue, FY2022: 170.8M Net income, FY2022: 130.6M Revenue, FY2023: 163.8M Net income, FY2023: 114.1M Revenue, FY2024: 161.5M Net income, FY2024: 92.4M Revenue, FY2025: 152.8M Net income, FY2025: 57.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $37.6M $57.3M $73.3M $78.8M $46.9M $93.4M $170.8M $163.8M $161.5M $152.8M
Gross profit — — — — — — — — — —
Net income $21.0M $38.4M $53.9M $52.8M $21.9M $70.2M $130.6M $114.1M $92.4M $57.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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