Dorchester Minerals, L.P. DMLP
- Market cap
- $1.4B
- P/E
- 16.5×
Follow DMLP
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.57 | 13.90 | 14.11 | 14.47 | 8.52 | 10.96 | 19.80 | 26.50 | 28.41 | 20.85 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 19.30 | 19.10 | 21.15 | 20.25 | 21.46 | 20.89 | 32.61 | 33.18 | 35.74 | 34.88 |
High Price
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| 24 | 24 | 31 | 34 | 24 | 24 | 26 | 27 | 27 | 26 |
Employees
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|||
| 2 | 2 | 2 | 2 | 2 | 4 | 7 | 6 | 6 | 6 |
Revenue/Emp
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| 38 | 57 | 73 | 79 | 47 | 93 | 171 | 164 | 162 | 153 |
Revenue
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| 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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| 21 | 38 | 54 | 53 | 22 | 70 | 131 | 114 | 92 | 57 |
EBT
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| 55.83% | 67.07% | 73.57% | 66.96% | 46.60% | 75.11% | 76.47% | 69.67% | 57.24% | 37.53% |
EBT Margin
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| 21 | 38 | 54 | 53 | 22 | 70 | 131 | 114 | 92 | 57 |
Net Income
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| 8 | 9 | 9 | 14 | 12 | 11 | 19 | 27 | 43 | 66 |
Depreciation
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| 1.22 | 1.82 | 2.27 | 2.31 | 1.35 | 2.67 | 4.54 | 4.22 | 3.86 | 3.21 |
Revenue/Sh
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| 0.66 | 1.18 | 1.61 | 1.50 | 0.61 | 1.94 | 3.35 | 2.85 | 2.13 | 1.16 |
Earnings/Sh
|
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| 0.92 | 1.40 | 1.94 | 1.94 | 1.14 | 2.01 | 3.91 | 3.61 | 3.17 | 2.78 |
Cash Flow/Sh
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| 0.00 | (0.03) | 0.00 | 0.01 | 0.18 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex/Sh
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| 0.92 | 1.36 | 1.94 | 1.95 | 1.31 | 2.01 | 3.91 | 3.61 | 3.17 | 2.78 |
Free CF/Sh
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| 2.18 | 2.88 | 2.68 | 3.29 | 2.44 | 4.06 | 4.56 | 4.78 | 8.65 | 6.41 |
Book Value/Sh
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| 31 | 31 | 32 | 34 | 35 | 35 | 38 | 39 | 42 | 48 |
Shares
|
|||
| 26.59 | 12.92 | 9.09 | 13.01 | 17.60 | 10.20 | 8.59 | 11.33 | 15.60 | 19.28 |
PE Ratio
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|||
| 14.33 | 8.38 | 6.45 | 8.45 | 8.06 | 7.43 | 6.34 | 7.62 | 8.63 | 6.97 |
PS Ratio
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| 8.04 | 5.29 | 5.45 | 5.93 | 4.47 | 4.87 | 6.31 | 6.72 | 3.85 | 3.49 |
PB Ratio
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| 14.12 | 8.14 | 6.20 | 8.25 | 7.82 | 7.12 | 6.10 | 7.33 | 8.36 | 6.70 |
EV/Sales
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| 18.75 | 10.59 | 7.27 | 9.77 | 8.05 | 9.43 | 7.07 | 8.57 | 10.17 | 7.71 |
EV/FCF
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| 28 | 44 | 63 | 66 | 39 | 70 | 147 | 140 | 133 | 132 |
Op' Cash Flow
|
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| — | (1) | 0 | 0 | 6 | 0 | — | — | — | — |
Capex
|
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| 28 | 43 | 62 | 67 | 46 | 71 | 147 | 140 | 133 | 132 |
FCF
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| 15 | 25 | 30 | 26 | 16 | 44 | 59 | 65 | 64 | 55 |
Working Cap'
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| — | — | — | — | — | — | — | — | — | — | Total Debt | |||
| (8) | (14) | (18) | (15) | (11) | (28) | (41) | (47) | (43) | (42) |
Net Debt
|
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| 67 | 91 | 87 | 112 | 85 | 142 | 172 | 186 | 362 | 305 |
Sh' Equity
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| 28.71% | 46.57% | 57.72% | 49.83% | 20.62% | 57.69% | 78.08% | 60.11% | 31.98% | 16.34% |
ROA
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| 22.32% | 31.22% | 49.28% | 34.00% | 18.64% | 38.44% | 62.42% | 51.48% | 18.10% | 13.61% |
ROIC
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| 28.88% | 47.04% | 58.56% | 51.29% | 21.50% | 59.77% | 80.35% | 61.83% | 32.59% | 16.57% |
ROE
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Dorchester Minerals, L.P. peers in Oil & Gas E&P
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| KOS Kosmos Energy Ltd. | $1.7B | 0.0× | Compare |
| MNR Mach Natural Resources LP | $1.8B | 17.3× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| VET Vermilion Energy Inc. | $1.8B | 0.0× | Compare |
| KRP Kimbell Royalty | $1.9B | 17.3× | Compare |
| HPK HighPeak Energy, Inc. | $975.0M | 0.0× | Compare |
| REPX Riley Exploration Permian, Inc. | $923.6M | 7.2× | Compare |
Dorchester Minerals, L.P. (DMLP) key facts
- Dorchester Minerals, L.P. (DMLP) is an Oil & Gas E&P company in the Energy sector, listed on Nasdaq.
- Dorchester Minerals, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $152.8 million, down 5.38% from fiscal 2024.
- As of September 25, 2026, DMLP traded at $29.04, a market capitalization of $1.4 billion.
- Return on equity was 16.6% and debt-to-equity 0.00.
Dorchester Minerals, L.P. (DMLP) Latest News
6 Aug
Dorchester Minerals, L.P. announced its second quarter results. Quarterly results release key financial metrics that can shift near-term investor sentiment and valuation.
3 Aug
Dorchester Minerals, L.P. acquires mineral and royalty interests. Acquisition expands asset base and supports revenue growth for Dorchester Minerals.
25 Jul
Dorchester Minerals, L.P. sets its Q2 2026 cash distribution, prompting assessment of whether current unit pricing represents a bargain relative to the payout. Distribution announcements can shift near-term unit pricing and yield perceptions without altering long-term operations.
6 Jul
Dorchester Minerals, L.P. announced an agreement to acquire mineral and royalty interests. Acquisition expands Dorchester Minerals asset base and production potential.
12 May
Dorchester Minerals, L.P. (DMLP) reported strong Q1 2026 earnings and distributions, potentially reshaping the investment case by highlighting improved financial performance and appeal to investors. Strong Q1 2026 earnings and distributions signal significant positive shifts in financial health and investor sentiment for DMLP.
6 May
Dorchester Minerals, L.P. (DMLP) announced first quarter results. First quarter results reveal recent financial performance, likely influencing investor sentiment and short-term stock movement.
23 Apr
Dorchester Minerals, L.P. (DMLP) announces its first quarter distribution. First quarter distribution announcements affect DMLP's financial performance and investor sentiment in key royalty income operations.
13 Apr
Dorchester Minerals, L.P. (DMLP) settled its dispute in Midland County. Settlement resolves legal uncertainty in key Permian Basin area, moderately impacting DMLP's operations and market sentiment.
16 Mar
Dorchester Minerals, L.P. announces settlement agreement. Settlement agreement resolves disputes, moderately affecting financial performance and legal risks.
24 Feb
Dorchester Minerals, L.P. announced its 2025 results. Announcement of 2025 results affects financial performance and investor assessment.
22 Jan
Dorchester Minerals, L.P. announced its fourth quarter distribution, detailing a distribution of $0.50 per unit for the period ending December 31, 2023. This distribution reflects the company's ongoing commitment to returning value to its unitholders. The announcement highlights the company's financial performance and operational stability in the current market environment. The distribution announcement indicates stable financial performance, which may positively influence investor sentiment but is not expected to significantly alter the company's trajectory.
3 Dec
Dorchester Minerals, L.P. (DMLP) is experiencing insider buying at a 52-week low, which may signal confidence from management despite a recent ratings cut. The company's stock performance has been under pressure, raising questions about its future trajectory. Analysts are closely monitoring these developments to assess their potential impact on investor sentiment and market positioning. Insider buying at a low point may indicate confidence, but the ratings cut suggests underlying challenges that could limit overall impact.
8 Nov
Dorchester Minerals, L.P. (DMLP) is undergoing a leadership transition that may influence its strategy in addressing earnings pressure. The new leadership is expected to bring fresh perspectives and approaches to the company's operations, potentially impacting its financial performance and market positioning amid current economic challenges. Leadership changes can moderately influence company strategy and performance, particularly in navigating earnings pressures.
7 Nov
Dorchester Minerals, L.P. (DMLP) reported disappointing third-quarter earnings, missing analyst expectations and experiencing a decline in revenue. The company's financial performance has raised concerns among investors, leading to a reassessment of its valuation. Factors contributing to the earnings miss include lower production levels and fluctuating commodity prices, which have impacted overall profitability. As a result, market sentiment towards DMLP has shifted, prompting discussions about its future outlook and potential recovery strategies. Earnings miss and revenue decline may moderately affect financial performance and investor sentiment.
6 Nov
Dorchester Minerals, L.P. reported its third quarter results, highlighting significant financial metrics and operational updates. The company experienced fluctuations in revenue and production levels, influenced by market conditions and pricing trends. Management provided insights into future strategies and expectations, emphasizing their commitment to maximizing shareholder value amidst evolving industry dynamics. Financial performance and operational updates indicate a moderately noticeable influence on the company's trajectory.
23 Oct
Dorchester Minerals, L.P. announced its third quarter distribution, detailing a distribution of $0.50 per unit for the quarter ending September 30, 2023. This distribution reflects the company's ongoing commitment to returning value to its unitholders. The announcement highlights the company's financial performance and operational stability during the quarter, contributing to investor confidence. The distribution announcement indicates stable financial performance, which may positively influence investor sentiment but is not expected to significantly alter the company's trajectory.
2 Oct
Goldman Sachs has increased its investment in Dorchester Minerals, L.P. (DMLP), signaling confidence in the company's potential for growth. The firm believes that DMLP's strong fundamentals and favorable market conditions will lead to improved financial performance. Analysts highlight the company's strategic positioning in the energy sector, particularly in oil and gas royalties, as a key driver for future success. This move by Goldman Sachs may influence investor sentiment and attract further interest in DMLP's stock. Goldman Sachs' increased investment indicates significant confidence in DMLP's future performance and market positioning.
2 Sep
Dorchester Minerals, L.P. has announced the acquisition of mineral interests, enhancing its asset portfolio and positioning within the market. This strategic move is expected to bolster the company's operational capabilities and potentially increase revenue streams from mineral production. The acquisition of mineral interests is a significant strategic move that could enhance future performance and investor sentiment.
21 Aug
Dorchester Minerals, L.P. (DMLP) is experiencing slower earnings growth, raising concerns about its profitability outlook. Analysts are evaluating how this trend may affect the company's financial performance and market position in the coming quarters. The potential for reduced earnings growth could influence investor sentiment and strategic decisions moving forward. Slower earnings growth may moderately affect financial performance and investor sentiment.
7 Aug
Dorchester Minerals, L.P. reported its second quarter results, highlighting significant financial metrics and operational performance. The company experienced notable revenue growth and increased distributions to unitholders, reflecting strong market conditions and effective management strategies. Key figures included a rise in net income and cash flow, which contributed to a positive outlook for future operations. The results indicate a solid position within the energy sector, driven by favorable commodity prices and strategic asset management. The reported financial growth and increased distributions suggest a significant positive impact on future performance and investor sentiment.
30 Jul
Dorchester Minerals, L.P. (DMLP) is highlighted as a high-yielding investment opportunity in the energy sector, particularly poised for growth if oil and gas prices increase. The company benefits from its unique structure, allowing it to capitalize on rising commodity prices while providing attractive returns to investors. Analysts suggest that DMLP's performance is closely tied to fluctuations in energy prices, making it a compelling option for those looking to invest in energy assets during a potential market upswing. Rising oil and gas prices could significantly enhance DMLP's financial performance and investor sentiment.
24 Jul
Dorchester Minerals, L.P. announced a cash distribution of $0.620216 per common unit for the second quarter of 2025, payable on August 14, 2025. Cash receipts from Royalty Properties totaled approximately $26.6 million, with 73% from oil and natural gas sales during early 2025. Net Profits Interest receipts were about $3.1 million, and lease bonus income was approximately $4.2 million. The Partnership's 2024 Schedule K-3 for international tax relevance is available online for unitholders. Dorchester Minerals owns various oil and natural gas interests across 28 states and trades on NASDAQ under DMLP. The distribution announcement and financial figures indicate moderate influence on financial performance and investor sentiment.
8 May
Dorchester Minerals, L.P. reported a net income of $17,642,000, or $0.36 per common unit, for the quarter ending March 31, 2025, compared to $18,167,000, or $0.44 per common unit, in the same quarter of 2024. Operating revenues increased to $43,164,000 from $30,979,000 year-over-year. The Partnership declared a first quarter distribution of $0.725835 per common unit, payable on May 15, 2025, to unitholders of record as of May 5, 2025. Dorchester Minerals owns oil and natural gas interests across 28 states and trades on NASDAQ under the symbol DMLP. Forward-looking statements highlight risks including changes in oil and gas prices and regulatory requirements. The increase in operating revenues indicates potential for improved financial performance, though net income slightly declined.
24 Apr
Dorchester Minerals, L.P. (DMLP) has announced its distribution for the first quarter, reflecting the company's ongoing commitment to returning value to its unitholders. The distribution amount and payment details have been disclosed, indicating a stable financial position and operational performance. Investors are encouraged to review the specifics of the distribution as it may influence their investment decisions. The distribution announcement indicates stable financial performance, which may moderately influence investor sentiment and market positioning.
20 Feb
Dorchester Minerals, L.P. reported a net income of $92.4 million for the year ending December 31, 2024, down from $114.1 million in 2023. Operating revenues decreased to $161.5 million from $163.8 million. The Partnership's proved oil and natural gas reserves were estimated at 17.0 million barrels of oil equivalent, with 86% attributed to Royalty Properties. A total of $141.6 million was distributed to common unitholders from May 2024 to February 2025. Dorchester Minerals owns various interests in crude oil and natural gas across 28 states and trades on NASDAQ under DMLP. The decrease in net income and operating revenues indicates potential challenges in financial performance, but the overall impact is expected to be somewhat balanced by other factors.
23 Jan
Dorchester Minerals, L.P. announced its fourth quarter distribution, declaring a cash distribution of $0.50 per unit, which will be paid on February 14, 2024, to unitholders of record as of January 31, 2024. This distribution reflects the company's ongoing commitment to returning value to its unitholders and is consistent with its historical distribution practices. The announced distribution indicates stable financial performance but does not signal any major strategic changes.
15 Dec
Insiders at Dorchester Minerals, L.P. (DMLP) make significant purchases of company stock. The insider buys may have a moderately noticeable influence on the company's financial performance and competitive positioning.
17 Oct
Dorchester Minerals, L.P. announced its third quarter distribution of $0.995785 per common unit, reflecting cash receipts from Royalty Properties, Net Profits Interest, and recent acquisitions. The distribution announcement and cash receipts from various sources may moderately influence the company's financial performance and investor sentiment.
15 Oct
Dorchester Minerals, L.P. appoints Mr. F. Damon Box to the board of managers. The appointment of Mr. Box may influence key areas such as strategic goals and energy investments.
11 Oct
Davidson Kempner Capital Management LP acquired 3,509,753 shares of Dorchester Minerals LP at $30.15 per share. The acquisition by Davidson Kempner Capital Management LP is a significant move that could have a profound influence on Dorchester Minerals LP's future and market performance.