(DMLP) Dorchester Minerals - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NASDAQ (USA) | Market Cap: 1.363m USD | Total Return: 7.7% in 12m
Mineral Interests, Royalty Interests, Net Profits Interests
Total Rating 47
Safety 38
Buy Signal -1.00
Oil & Gas E&P
Industry Rotation: +19.9
Industry Rotation: +19.9
Market Cap:
1.36B
Avg Turnover: 4.51M
Avg Turnover: 4.51M
Risk 3d forecast
Volatility38.7%
VaR 5th Pctl6.87%
VaR vs Median7.85%
Reward TTM
Sharpe Ratio0.25
Rel. Str. IBD63.9
Rel. Str. Peer Group26.6
Character TTM
Beta0.246
Beta Downside0.421
Hurst Exponent0.408
Drawdowns 3y
Max DD32.31%
CAGR/Max DD0.28
CAGR/Mean DD0.85
EPS (Earnings per Share)
EPS CAGR: -29.01%
EPS Trend: -88.4%
EPS Trend: -88.4%
Qual. Beats: 0
Revenue
Rev. CAGR: 1.49%
Rev. Trend: 26.0%
Rev. Trend: 26.0%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Description: DMLP Dorchester Minerals
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
Piotroski VR‑10 (Strict)
7.0
| 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 0.66%; Δ 5.81k% > 0.5%) |
| Asset Turnover: 51.81% > 50% (prev 49.77%; Δ 2.04% > 0%) |
| Interest Coverage Ratio: 1.77k > 6 (EBITDA TTM 139.3m / Interest Expense TTM 39.0k) |
What is the price of DMLP shares?
As of May 21, 2026, the stock is trading at USD 27.39 with a total of 217,081 shares traded.
Over the past week, the price has changed by +1.18%, over one month by -0.22%, over three months by +9.87% and over the past year by +7.70%.
Over the past week, the price has changed by +1.18%, over one month by -0.22%, over three months by +9.87% and over the past year by +7.70%.
Is DMLP a buy, sell or hold?
Dorchester Minerals has no consensus analysts rating.
What are the forecasts/targets for the DMLP price?
| Analysts Target Price | - | - |
Dorchester Minerals (DMLP) - Fundamental Data Overview
as of 20 May 2026
P/E Trailing = 20.3237 P/E Forward = 20.79
P/S = 8.3782
P/B = 4.2338
P/EG = 0.8327
Revenue TTM = 168.5m USD
EBIT TTM = 68.9m USD
EBITDA TTM = 139.3m USD
Long Term Debt = 777k USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 252k USD (from shortTermDebt, last quarter)
Debt = 1.03m USD (corrected: LT Debt 777k + ST Debt 252k)
Net Debt = -27.4m USD (from netDebt column, last quarter)
Enterprise Value = 1.34b USD (1.36b + Debt 1.03m - CCE 28.2m)
Interest Coverage Ratio = 1.77k (Ebit TTM 68.9m / Interest Expense TTM 39.0k)
EV/FCF = 10.86x (Enterprise Value 1.34b / FCF TTM 123.0m)
FCF Yield = 9.21% (FCF TTM 123.0m / Enterprise Value 1.34b)
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 = 4.43 (Enterprise Value 1.34b / Total Assets 301.6m)
Interest Expense / Debt = 3.79% (Interest Expense 39.0k / Debt 1.03m)
Taxrate = 21.0% (US 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 1.03m / 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 = 21.84% (EBIT 68.9m / Capital Employed (Equity 314.7m + L.T.Debt 777k))
RoIC = 17.21% (NOPAT 54.4m / Invested Capital 316.2m)
WACC = 6.85% (E(1.36b)/V(1.36b) * Re(6.85%) + D(1.03m)/V(1.36b) * Rd(3.79%) * (1-Tc(0.21)))
Discount Rate = 6.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 92.01 | Cagr: 9.20%
[DCF] Terminal Value 82.68% ; FCFF base≈129.0m ; Y1≈126.8m ; Y5≈129.8m
[DCF] Fair Price = 63.11 (EV 3.02b - Net Debt -27.4m = Equity 3.05b / Shares 48.3m; r=6.85% [WACC]; 5y FCF grow -2.68% → 3.0% )
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