DMLP Stock Analysis: Dorchester Minerals | NASDAQ
Oil & Gas E&P | NASDAQ, USA | Market Cap: 1.350m USD | 12M Return: 25% | US25820R1059 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.71M
EPS Trend: -83.0%
Rev. Trend: 43.3%
Warnings
Tailwinds
Seasonality 11.6 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: 87.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.50 > 0.02 and ΔFCF/TA 7.16 > 1.0 |
| NWC/Revenue: 48.16% < 20% (prev 32.34%; Δ 15.82% < -1%) |
| CFO/TA 0.50 > 3% & CFO 156.7m > Net Income 87.8m |
| Net Debt (-69.0m) to EBITDA (158.9m): -0.43 < 3 |
| Current Ratio: 13.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (48.3m) vs 12m ago 1.93% < -2% |
| Gross Margin: 61.69% > 18% (prev 61.59%; Δ 0.09% > 0.5%) |
| Asset Turnover: 60.10% > 50% (prev 51.82%; Δ 8.28% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
As of August 15, 2026, the stock is trading at USD 27.71 with a total of 179,725 shares traded. Over the past week, the price has changed by +6.25%, over one month by +7.11%, over three months by +6.68% and over the past year by +25.00%.
Current recommended Stop Loss: 26.80 (which is 3.3% or 1.4 ATR below the current price).
Dorchester Minerals has no consensus analysts rating.
P/E Trailing = 15.5311
P/E Forward = 20.79
P/S = 7.2404
P/B = 4.2783
P/EG = 0.8327
Revenue TTM = 192.2m USD
EBIT TTM = 87.4m USD
EBITDA TTM = 158.9m USD
Long Term Debt = 3.14m USD (estimated: total debt 3.49m - short term 355k)
Short Term Debt = 355k USD (from shortTermDebt, last quarter)
Debt = 3.49m USD (from shortLongTermDebtTotal, last quarter) (leases 3.49m already included)
Net Debt = -69.0m USD (calculated: Debt 3.49m - CCE 72.5m)
Enterprise Value = 1.28b USD (1.35b + Debt 3.49m - CCE 72.5m)
Interest Coverage Ratio = unknown (Ebit TTM 87.4m / Interest Expense TTM 0.0)
EV/FCF = 8.17x (Enterprise Value 1.28b / FCF TTM 156.7m)
FCF Yield = 12.24% (FCF TTM 156.7m / Enterprise Value 1.28b)
FCF Margin = 81.52% (FCF TTM 156.7m / Revenue TTM 192.2m)
Net Margin = 45.68% (Net Income TTM 87.8m / Revenue TTM 192.2m)
Gross Margin = 61.69% ((Revenue TTM 192.2m - Cost of Revenue TTM 73.6m) / Revenue TTM)
Gross Margin QoQ = 61.77% (prev 56.73%)
Tobins Q-Ratio = 4.08 (Enterprise Value 1.28b / Total Assets 314.0m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 3.49m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 69.0m (EBIT 87.4m * (1 - 21.00%))
Current Ratio = 13.85 (Total Current Assets 99.8m / Total Current Liabilities 7.20m)
Debt / Equity = 0.01 (Debt 3.49m / totalStockholderEquity, last quarter 303.7m)
Debt / EBITDA = -0.43 (Net Debt -69.0m / EBITDA 158.9m)
Debt / FCF = -0.44 (Net Debt -69.0m / FCF TTM 156.7m)
Total Stockholder Equity = 310.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 27.46% (Net Income 87.8m / Total Assets 314.0m)
RoE = 28.25% (Net Income TTM 87.8m / Total Stockholder Equity 310.8m)
RoCE = 27.83% (EBIT 87.4m / Capital Employed (Equity 310.8m + L.T.Debt 3.14m))
RoIC = 23.20% (NOPAT 69.0m / Invested Capital 297.6m)
WACC = 6.62% (E(1.35b)/V(1.35b) * Re(6.64%) + D(3.49m)/V(1.35b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 6.64% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.73 | Cagr: 9.18%
[DCF] Terminal Value 77.59% ; FCFF base≈149.7m ; Y1≈168.1m ; Y5≈234.7m
[DCF] Fair Price = 73.69 (EV 3.55b - Net Debt -69.0m = Equity 3.62b / Shares 49.1m; r=8.35% [WACC [floored]]; 5y FCF grow 12.59% → 2.50% )
EPS Correlation: -83.03 | EPS CAGR: -26.76% | SUE: N/A | # QB: 0
Revenue Correlation: 43.30 | Revenue CAGR: 3.43% | SUE: N/A | # QB: 0