(DMLP) Dorchester Minerals - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US25820R1059

Stock: Oil, Gas, Royalties, Interests

Total Rating 44
Risk 74
Buy Signal -0.15
Risk 5d forecast
Volatility 21.1%
Relative Tail Risk -2.15%
Reward TTM
Sharpe Ratio 0.00
Alpha -7.25
Character TTM
Beta 0.301
Beta Downside 0.672
Drawdowns 3y
Max DD 32.31%
CAGR/Max DD 0.34

EPS (Earnings per Share)

EPS (Earnings per Share) of DMLP over the last years for every Quarter: "2021-03": 0.33, "2021-06": 0.46, "2021-09": 0.49, "2021-12": 0.65, "2022-03": 0.8, "2022-06": 0.96, "2022-09": 0.88, "2022-12": 0.72, "2023-03": 0.71, "2023-06": 0.499, "2023-09": 0.73, "2023-12": 0.8968, "2024-03": 0.4434, "2024-06": 0.5688, "2024-09": 0.8748, "2024-12": 0.2893, "2025-03": 0.3593, "2025-06": 0.2515, "2025-09": 0.2259, "2025-12": 0.3227,

Revenue

Revenue of DMLP over the last years for every Quarter: 2021-03: 17.789, 2021-06: 21.361, 2021-09: 23.969, 2021-12: 30.304, 2022-03: 40.401, 2022-06: 47.459, 2022-09: 44.057, 2022-12: 38.883, 2023-03: 40.167, 2023-06: 30.619, 2023-09: 42.594, 2023-12: 50.419, 2024-03: 30.979, 2024-06: 37.36, 2024-09: 53.472, 2024-12: 39.712, 2025-03: 43.164, 2025-06: 32.395, 2025-09: 35.416, 2025-12: 41.857,

Description: DMLP Dorchester Minerals March 05, 2026

Dorchester Minerals, L.P. (DMLP) acquires and manages royalty properties across 28 U.S. states. The companys portfolio includes various mineral and leasehold interests, as well as net profits interests. This business model is common in the oil and gas sector, allowing companies to profit from resource extraction without direct operational costs.

Founded in 1982 and based in Dallas, Texas, DMLP operates within the Oil & Gas Exploration & Production sub-industry. Royalty interests provide a revenue stream tied to production volume, offering exposure to commodity prices. Investors might consider further research on ValueRay to understand DMLPs specific royalty agreements and their impact on profitability.

Headlines to watch out for

  • Fluctuating oil and gas prices impact royalty income
  • Acquisition of new royalty properties expands revenue base
  • Production declines on existing properties reduce cash flow
  • Regulatory changes in energy sector affect operating environment

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income: 57.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.43 > 0.02 and ΔFCF/TA 6.64 > 1.0
NWC/Revenue: 36.09% < 20% (prev 39.37%; Δ -3.28% < -1%)
CFO/TA 0.43 > 3% & CFO 132.5m > Net Income 57.4m
Net Debt (-41.2m) to EBITDA (123.7m): -0.33 < 3
Current Ratio: 15.54 > 1.5 & < 3
Outstanding Shares: last quarter (47.7m) vs 12m ago 0.66% < -2%
Gross Margin: 57.36% > 18% (prev 0.71%; Δ 5.67k% > 0.5%)
Asset Turnover: 45.19% > 50% (prev 44.03%; Δ 1.16% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM)

Altman Z''

A: 0.18 (Total Current Assets 58.9m - Total Current Liabilities 3.79m) / Total Assets 309.6m
B: error (Retained Earnings missing)
C: 0.17 (EBIT TTM 57.4m / Avg Total Assets 338.2m)
D: 71.86 (Book Value of Equity 310.1m / Total Liabilities 4.32m)

Beneish M

DSRI: 0.69 (Receivables 16.5m/25.3m, Revenue 152.8m/161.5m)
GMI: 1.23 (GM 57.36% / 70.84%)
AQI: none (AQ_t 0.81 / AQ_t-1 0.0)
SGI: 0.95 (Revenue 152.8m / 161.5m)
TATA: -0.24 (NI 57.4m - CFO 132.5m) / TA 309.6m)
Beneish M-Score: cannot calculate (missing components)

What is the price of DMLP shares?

As of March 24, 2026, the stock is trading at USD 27.47 with a total of 218,189 shares traded.
Over the past week, the price has changed by +0.84%, over one month by +7.98%, over three months by +27.79% and over the past year by +1.10%.

Is DMLP a buy, sell or hold?

Dorchester Minerals has no consensus analysts rating.

What are the forecasts/targets for the DMLP price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -

DMLP Fundamental Data Overview March 20, 2026

P/E Trailing = 22.0463
P/E Forward = 20.79
P/S = 8.952
P/B = 4.2764
P/EG = 0.8327
Revenue TTM = 152.8m USD
EBIT TTM = 57.4m USD
EBITDA TTM = 123.7m USD
Long Term Debt = 777k USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 256k USD (from shortTermDebt, last quarter)
Debt = 777k USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -41.2m USD (from netDebt column, last quarter)
Enterprise Value = 1.11b USD (1.15b + Debt 777k - CCE 41.9m)
Interest Coverage Ratio = unknown (Ebit TTM 57.4m / Interest Expense TTM 0.0)
EV/FCF = 8.36x (Enterprise Value 1.11b / FCF TTM 132.5m)
FCF Yield = 11.96% (FCF TTM 132.5m / Enterprise Value 1.11b)
FCF Margin = 86.69% (FCF TTM 132.5m / Revenue TTM 152.8m)
Net Margin = 37.53% (Net Income TTM 57.4m / Revenue TTM 152.8m)
Gross Margin = 57.36% ((Revenue TTM 152.8m - Cost of Revenue TTM 65.2m) / Revenue TTM)
Gross Margin QoQ = 46.47% (prev 87.78%)
Tobins Q-Ratio = 3.58 (Enterprise Value 1.11b / Total Assets 309.6m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 777k)
Taxrate = 21.0% (US default 21%)
NOPAT = 45.3m (EBIT 57.4m * (1 - 21.00%))
Current Ratio = 15.54 (Total Current Assets 58.9m / Total Current Liabilities 3.79m)
Debt / Equity = 0.00 (Debt 777k / totalStockholderEquity, last quarter 310.1m)
Debt / EBITDA = -0.33 (Net Debt -41.2m / EBITDA 123.7m)
Debt / FCF = -0.31 (Net Debt -41.2m / FCF TTM 132.5m)
Total Stockholder Equity = 325.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 16.96% (Net Income 57.4m / Total Assets 309.6m)
RoE = 17.61% (Net Income TTM 57.4m / Total Stockholder Equity 325.7m)
RoCE = 17.57% (EBIT 57.4m / Capital Employed (Equity 325.7m + L.T.Debt 777k))
RoIC = 14.03% (NOPAT 45.3m / Invested Capital 322.9m)
WACC = 7.04% (E(1.15b)/V(1.15b) * Re(7.04%) + D(777k)/V(1.15b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 7.04% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 9.72%
[DCF] Terminal Value 82.19% ; FCFF base≈132.5m ; Y1≈132.9m ; Y5≈141.7m
[DCF] Fair Price = 65.76 (EV 3.13b - Net Debt -41.2m = Equity 3.17b / Shares 48.3m; r=7.04% [WACC]; 5y FCF grow -0.29% → 3.0% )
EPS Correlation: -81.19 | EPS CAGR: -21.50% | SUE: N/A | # QB: 0
Revenue Correlation: -17.04 | Revenue CAGR: 0.95% | SUE: N/A | # QB: 0

Additional Sources for DMLP Stock

Fund Manager Positions: Dataroma | Stockcircle