stockrowDorchester Minerals, L.P.
DMLP Energy Oil & Gas E&P
Dorchester Minerals, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $152.8 million, down 5.38% from fiscal 2024.
- Revenue
- +73.1%
- EPS
- +148.0%
- Free cash flow
- +110.4%
Quarter to June 2026, against a year earlier
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Dorchester Minerals, L.P. (DMLP) Piotroski F-score
Dorchester Minerals, L.P.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | (1.00) |
| FY2024 | 5 | 1.00 |
| FY2023 | 4 | (3.00) |
| FY2022 | 7 | 0.00 |
| FY2021 | 7 | 3.00 |
| FY2020 | 4 | 0.00 |
| FY2019 | 4 | (3.00) |
| FY2018 | 7 | 1.00 |
| FY2017 | 6 | (2.00) |
| FY2016 | 8 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 16.34% | 31.98% | Pass | 1 |
| Positive operating cash flow | 132.49m | 132.64m | Pass | 1 |
| Rising return on assets | 16.34% | 31.98% | Fail | 0 |
| Cash flow above net income | 77.23m | 43.44m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 15.54 | 15.97 | Fail | 0 |
| No new shares issued | 47,654,000 | 41,811,000 | Fail | 0 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | 0.45 | 0.58 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| REPX Riley Exploration Permian, Inc. compare | 7 |
| KRP Kimbell Royalty compare | 6 |
| VET Vermilion Energy Inc. compare | 5 |
| GFR Greenfire Resources Ltd. compare | 5 |
| HPK HighPeak Energy, Inc. compare | 5 |
| DMLP Dorchester Minerals, L.P. | 4 |
| MNR Mach Natural Resources LP compare | 4 |
| KOS Kosmos Energy Ltd. compare | 2 |
| TBN Tamboran Resources Corporation compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover