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Financials · DMLP

Dorchester Minerals L.P. (DMLP) financials

For the twelve months ended Sep 30, 2026, Dorchester Minerals L.P. reported $208.22M of revenue and $103.78M of net income.

Revenue, TTM
$208.22M
Revenue growth, YoY
+38.2%
Net income, TTM
$103.78M
Net income growth, YoY
+87.3%
Net margin
49.8%
Cash
$55.70M
P/E
13.02
P/S
6.49
Market cap
$1.35B
Annual revenue$152.83M
FY2016FY2025
Annual net income$57.35M
FY2016FY2025

DMLP revenue and earnings growth

DMLP revenueQ3 2026$51.41M

Quarter YoY
+45.2%
QoQ
-8.3%
FY YoY
-5.4%
5Y CAGR
+26.6%

DMLP revenue was $51.41M in fiscal Q3 2026 (ended Sep 30, 2026), up 45.2% from a year earlier and down 8.3% from the prior quarter. For the full fiscal 2025 it was $152.83M, down 5.4% from fiscal 2024. Compound annual growth was +26.6% over 5 years. It rose in 5 of the last 9 fiscal years.

DMLP net incomeQ3 2026$27.58M

Quarter YoY
+146.9%
QoQ
-10.7%
FY YoY
-38.0%
5Y CAGR
+21.3%
10Y CAGR
+15.8%

DMLP net income was $27.58M in fiscal Q3 2026 (ended Sep 30, 2026), up 146.9% from a year earlier and down 10.7% from the prior quarter. For the full fiscal 2025 it was $57.35M, down 38.0% from fiscal 2024. Compound annual growth was +21.3% over 5 years and +15.8% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$152.83M$161.52M$163.80M$170.80M$93.42M$46.93M$78.80M$73.28M$57.29M$37.56M
Selling, general and admin-$11.93M$11.16M$8.22M$5.19M$7.46M$6.09M$4.91M$4.93M$4.99M
Operating income---------$20.97M
Net income$57.35M$92.45M$114.12M$130.61M$70.17M$21.87M$52.77M$53.91M$38.42M$20.97M
EPS, basic$1.16$2.13$2.85$3.35$1.94$0.61$1.50$1.61$1.18$0.66
EPS, diluted----$1.94$0.61$1.50$1.61$1.18$0.66
Diluted shares----35.1M34.7M34.1M32,28031.5M30.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$41.94M$42.51M$47.02M$40.75M$28.31M$11.23M$15.34M$18.29M$13.83M$8.21M
Receivables$16.48M$24.79M$22.01M-------
Current assets$58.94M$67.83M$69.71M$62.47M$46.66M$18.22M$28.28M$30.12M$25.36M$14.79M
Total assets$309.55M$366.81M$191.06M$176.24M$146.81M$88.33M$116.88M$87.92M$92.05M$67.21M
Current liabilities$3.79M$4.25M$4.47M$3.41M$2.80M$1.88M$2.36M$486.0K$637.0K$275.0K
Total liabilities$4.32M$5.02M$5.51M$4.72M$4.40M$3.76M$4.55M$1.28M$1.30M$275.0K

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$132.49M$132.64M$139.84M$147.05M$70.31M$39.41M$66.11M$62.52M$44.03M$28.28M
Investing cash flow--$2.28M$2.09M$2.58M$6.13M$1.84M-$60.0K-$616.0K-
Depreciation and amortization$66.30M$42.59M$26.31M$19.08M$10.46M$11.91M$13.30M$8.95M$9.30M$8.51M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-5.4%-1.4%-4.1%82.8%99.1%-40.4%7.5%27.9%52.5%-
Net income growth, YoY-38.0%-19.0%-12.6%86.1%220.9%-58.6%-2.1%40.3%83.3%58.2%
EPS growth, YoY----218.0%-59.3%--78.8%57.1%
Operating margin---------55.8%
Net margin37.5%57.2%69.7%76.5%75.1%46.6%67.0%73.6%67.1%55.8%
Return on assets18.5%25.2%59.7%74.1%47.8%24.8%45.1%61.3%41.7%31.2%
Current ratio15.5415.9715.6018.3116.659.7011.9761.9739.8053.77

Source: XBRL data Dorchester Minerals L.P. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DMLP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DMLP$208.22M+38.2%$103.78M49.8%$1.35B
SHEL$273.73B-5.3%$17.84B6.5%$274.09B
TTE$201.20B-6.2%$13.13B6.5%$191.61B
PBR$89.19B-2.4%$19.63B22.0%$119.38B
CNQC$38.76B+8.7%C$10.82B27.9%$100.44B
E€82.15B-7.5%€2.61B3.2%$87.24B
EOG$29.73B+31.7%$8.19B27.5%$77.17B
OXY$22.00B+7.8%$6.53B29.7%$56.35B
OKE$43.19B+36.8%$4.07B9.4%$53.71B

DMLP FAQ

6 questions
  • What is DMLP revenue?
    Dorchester Minerals L.P. (DMLP) reported $208.22M of revenue for the twelve months ended Sep 30, 2026. That is up 38.2% from the year before. Revenue for fiscal 2025 was $152.83M.
  • Is DMLP profitable?
    Yes. Dorchester Minerals L.P. earned $103.78M in net income for the twelve months ended Sep 30, 2026, a net margin of 49.8%.
  • How much cash and debt does DMLP have?
    Dorchester Minerals L.P. reported $55.70M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is DMLP revenue growing?
    Dorchester Minerals L.P.'s revenue changed -5.4% in fiscal 2025, to $152.83M. Its compound annual growth rate was +26.6% over 5 years.
  • When did DMLP last report financial results?
    The latest statements here come from Dorchester Minerals L.P.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this DMLP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Dorchester Minerals L.P. files with the SEC. It is provided for information only and is not investment advice.