DMLP Stock Analysis: Dorchester Minerals | NASDAQ
Oil & Gas E&P | NASDAQ, USA | Market Cap: 1.234m USD | 12M Return: 0.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.24M
EPS Trend: -88.4%
Rev. Trend: 26.0%
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Dorchester Minerals, L.P. (NASDAQ: DMLP) is a Dallas-based, U.S. limited partnership founded in 1982 that acquires, owns, and manages royalty and mineral interests across producing and nonproducing properties in 28 states. Rather than operating wells itself, the partnership holds non-operated positions-including mineral, royalty, overriding royalty, net profits, and leasehold interests-generating revenue from the share of production proceeds owed to it by the operators of those properties. Dorchester is structured as a master limited partnership (MLP) within the energy sector, a business model in which royalty-focused entities typically receive cash payments tied to commodity output without bearing direct drilling, completion, or lifting costs.
- Oil prices drive royalty income from underlying mineral properties
- Natural gas production volumes from Permian and Bakken interests fluctuate
- Quarterly distributions track commodity price swings and hedging outcomes
- Lease termination and re-leasing activity affects future royalty streams
| Net Income: 68.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.41 > 0.02 and ΔFCF/TA 1.22 > 1.0 |
| NWC/Revenue: 41.51% < 20% (prev 36.42%; Δ 5.08% < -1%) |
| CFO/TA 0.41 > 3% & CFO 123.0m > Net Income 68.8m |
| Net Debt (-27.4m) to EBITDA (139.3m): -0.20 < 3 |
| Current Ratio: 16.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (48.3m) vs 12m ago 1.93% < -2% |
| Gross Margin: 58.80% > 18% (prev 66.17%; Δ -7.37% > 0.5%) |
| Asset Turnover: 51.81% > 50% (prev 49.77%; Δ 2.04% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
As of July 03, 2026, the stock is trading at USD 25.37 with a total of 121,896 shares traded. Over the past week, the price has changed by -0.94%, over one month by -8.24%, over three months by -5.81% and over the past year by +0.25%.
Current recommended Stop Loss: 24.30 (which is 4.2% or 1.5 ATR below the current price).
Dorchester Minerals has no consensus analysts rating.
P/E Trailing = 18.3957
P/E Forward = 20.79
P/S = 7.5834
P/B = 4.1508
P/EG = 0.8327
Revenue TTM = 168.5m USD
EBIT TTM = 68.8m USD
EBITDA TTM = 139.3m USD
Long Term Debt = 461k USD (estimated: total debt 713k - short term 252k)
Short Term Debt = 252k USD (from shortTermDebt, last quarter)
Debt = 713k USD (from shortLongTermDebtTotal, last quarter) (leases 713k already included)
Net Debt = -27.4m USD (calculated: Debt 713k - CCE 28.2m)
Enterprise Value = 1.21b USD (1.23b + Debt 713k - CCE 28.2m)
Interest Coverage Ratio = unknown (Ebit TTM 68.8m / Interest Expense TTM 0.0)
EV/FCF = 9.81x (Enterprise Value 1.21b / FCF TTM 123.0m)
FCF Yield = 10.20% (FCF TTM 123.0m / Enterprise Value 1.21b)
FCF Margin = 72.98% (FCF TTM 123.0m / Revenue TTM 168.5m)
Net Margin = 40.85% (Net Income TTM 68.8m / Revenue TTM 168.5m)
Gross Margin = 58.80% ((Revenue TTM 168.5m - Cost of Revenue TTM 69.4m) / Revenue TTM)
Gross Margin QoQ = 56.73% (prev 46.47%)
Tobins Q-Ratio = 4.00 (Enterprise Value 1.21b / Total Assets 301.6m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 713k)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 54.4m (EBIT 68.8m * (1 - 21.00%))
Current Ratio = 16.61 (Total Current Assets 74.4m / Total Current Liabilities 4.48m)
Debt / Equity = 0.00 (Debt 713k / totalStockholderEquity, last quarter 301.9m)
Debt / EBITDA = -0.20 (Net Debt -27.4m / EBITDA 139.3m)
Debt / FCF = -0.22 (Net Debt -27.4m / FCF TTM 123.0m)
Total Stockholder Equity = 315.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 21.16% (Net Income 68.8m / Total Assets 301.6m)
RoE = 21.80% (Net Income TTM 68.8m / Total Stockholder Equity 315.8m)
RoCE = 21.77% (EBIT 68.8m / Capital Employed (Equity 315.8m + L.T.Debt 461k))
RoIC = 18.82% (NOPAT 54.4m / Invested Capital 289.0m)
WACC = 6.85% (E(1.23b)/V(1.23b) * Re(6.85%) + D(713k)/V(1.23b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 6.85% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.01 | Cagr: 9.20%
[DCF] Terminal Value 73.81% ; FCFF base≈129.0m ; Y1≈117.7m ; Y5≈102.8m
[DCF] Fair Price = 34.44 (EV 1.63b - Net Debt -27.4m = Equity 1.66b / Shares 48.3m; r=8.35% [WACC [floored]]; 5y FCF grow -10.91% → 2.50% )
EPS Correlation: -88.42 | EPS CAGR: -29.05% | SUE: N/A | # QB: 0
Revenue Correlation: 25.97 | Revenue CAGR: 1.49% | SUE: N/A | # QB: 0