(DMLP) Dorchester Minerals - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NASDAQ (USA) | Market Cap: 1.297m USD | Total Return: 11.3% in 12m
Avg Turnover: 3.38M
EPS Trend: -88.4%
Rev. Trend: 26.0%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Dorchester Minerals, L.P. is a Dallas-based owner and administrator of oil and natural gas mineral interests across 594 counties in 28 states. The partnership’s portfolio consists of producing and nonproducing royalty, overriding royalty, and net profits interests. This business model differs from traditional exploration and production companies because the partnership does not operate the wells or incur direct drilling and completion costs, reducing its exposure to operational capital expenditures.
The royalty sector typically benefits from high margins because partners receive a portion of revenue from production without the burden of lease operating expenses. As a master limited partnership (MLP), the entity generally distributes its available cash flow to unit holders, making its performance sensitive to commodity price fluctuations and production volumes on its acreage. Investors seeking more granular data on these distributions can find detailed historical metrics on ValueRay.
- Natural gas and crude oil price fluctuations dictate distribution levels
- Production volume growth across Permian and Bakken basins drives revenue
- Strategic acquisitions of mineral and royalty interests expand asset base
- Variable quarterly distributions directly impact unit price and investor yield
- Low overhead operating structure ensures high pass-through of cash flows
| 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: 1.77k > 6 (EBIT TTM 68.9m / Interest Expense TTM 39.0k) |
As of June 04, 2026, the stock is trading at USD 28.15 with a total of 108,897 shares traded.
Over the past week, the price has changed by +4.76%,
over one month by +3.38%,
over three months by +6.97% and
over the past year by +11.33%.
Dorchester Minerals has no consensus analysts rating.
P/E Trailing = 19.3309
P/E Forward = 20.79
P/S = 7.969
P/B = 4.3704
P/EG = 0.8327
Revenue TTM = 168.5m USD
EBIT TTM = 68.9m 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 = 1.27b USD (1.30b + Debt 713k - CCE 28.2m)
Interest Coverage Ratio = 1.77k (Ebit TTM 68.9m / Interest Expense TTM 39.0k)
EV/FCF = 10.32x (Enterprise Value 1.27b / FCF TTM 123.0m)
FCF Yield = 9.69% (FCF TTM 123.0m / Enterprise Value 1.27b)
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 = 4.21 (Enterprise Value 1.27b / Total Assets 301.6m)
Interest Expense / Debt = 5.47% (Interest Expense 39.0k / Debt 713k)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 54.4m (EBIT 68.9m * (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 = 314.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 21.16% (Net Income 68.8m / Total Assets 301.6m)
RoE = 21.88% (Net Income TTM 68.8m / Total Stockholder Equity 314.7m)
RoCE = 21.86% (EBIT 68.9m / Capital Employed (Equity 314.7m + L.T.Debt 461k))
RoIC = 18.83% (NOPAT 54.4m / Invested Capital 289.0m)
WACC = 6.87% (E(1.30b)/V(1.30b) * Re(6.87%) + D(713k)/V(1.30b) * Rd(5.47%) * (1-Tc(0.21)))
Discount Rate = 6.87% (= 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: -29.01% | SUE: N/A | # QB: 0
Revenue Correlation: 25.97 | Revenue CAGR: 1.49% | SUE: N/A | # QB: 0