Want to see DMLP full AI Analyst Report?
Dorchester Minerals (DMLP) AI Stock Analysis
Dorchester Minerals
(NASDAQ:DMLP)
DMLP scores well primarily due to very strong financial performance (high margins, strong cash generation, and extremely low leverage) and supportive valuation (moderate P/E and high yield). The overall score is held back by weak technical momentum (negative MACD, price below short-term averages, low RSI/Stoch). Recent corporate updates were favorable, including stronger quarterly results and a royalty acreage acquisition.
Dorchester Minerals Key Performance Indicators (KPIs)
Royalty Properties Natural Gas SalesReports gas volumes and revenue from Dorchester’s royalty properties. Consistent or growing sales signal stable production and steady cash for distributions, while declines can signal operator cutbacks, well declines, or price-driven curtailments.
Natural gas sales from Dorchester’s royalty properties have moved from mid-2021 troughs into a clear, sustained upswing since 2023, roughly doubling over the period and showing pronounced Q3–Q4 strength. That shift implies higher underlying production and/or stronger realized gas pricing, which should support cash flow and distributions, but investors should still weigh commodity-price volatility, well decline/lease timing and any hedging that could mute upside.
The FlyDorchester Minerals (DMLP) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.34B
- Dividend Yield
- 12.42%
- Average Volume (3M)
- 105.95K
- Price to Earnings (P/E)
- 12.7
- Beta (1Y)
- 0.11
- Revenue Growth
- 13.91%
- EPS Growth
- -1.27%
- Country
- US
- Employees
- 26
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Exploration & Production
Dorchester Minerals Business Overview & Revenue Model
Company Description
Dorchester Minerals, L.P. is engaged in the acquisition, ownership, and management of both producing and non-producing royalty, net profit, and leasehold interests related to natural gas and crude oil across the United States. Its extensive royalty h...
How the Company Makes Money
Dorchester Minerals makes money primarily by receiving payments tied to oil and natural gas production from properties where it owns mineral and royalty-type interests. Its key revenue streams include: (1) Royalty and mineral income: When third-party...
Dorchester Minerals Financial Statement Overview
Summary
Overall financials are very strong, supported by exceptionally high profitability (TTM net margin ~50%), extremely low leverage (TTM debt-to-equity ~0.01), and robust free cash flow with clean earnings-to-cash conversion (FCF to net income = 1.0). The main constraint is cyclicality: revenue and cash flow growth have been volatile across years, consistent with commodity sensitivity.
Income Statement
86Very PositiveBalance Sheet
92Very PositiveCash Flow
89Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 208.22M | 152.83M | 161.52M | 163.80M | 170.80M | 93.42M |
| Gross Profit | 130.89M | 70.68M | 104.38M | 125.28M | 138.83M | 75.36M |
| EBITDA | 174.09M | 123.81M | 135.22M | 140.62M | 149.90M | 80.86M |
| Net Income | 104.63M | 57.35M | 92.45M | 110.39M | 130.61M | 70.17M |
Balance Sheet | ||||||
| Total Assets | 300.77M | 309.55M | 366.81M | 191.06M | 176.24M | 146.81M |
| Cash, Cash Equivalents and Short-Term Investments | 55.70M | 41.94M | 42.51M | 47.02M | 40.75M | 28.31M |
| Total Debt | 3.40M | 777.00K | 1.04M | 1.31M | 1.59M | 1.89M |
| Total Liabilities | 11.00M | 4.32M | 5.02M | 5.51M | 4.72M | 4.40M |
| Stockholders Equity | 289.77M | 310.06M | 363.79M | 185.44M | 170.84M | 141.43M |
Cash Flow | ||||||
| Free Cash Flow | 165.39M | 132.49M | 132.64M | 139.84M | 147.05M | 70.31M |
| Operating Cash Flow | 165.39M | 132.49M | 132.64M | 139.84M | 147.05M | 70.31M |
| Investing Cash Flow | 535.00K | 3.89M | 14.72M | 2.28M | 2.09M | 2.58M |
| Financing Cash Flow | -34.52M | -136.94M | -151.88M | -135.85M | -136.69M | -55.81M |
Dorchester Minerals Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DMLP, the sentiment is Neutral. The current price of 27.53 is below the 20-day moving average (MA) of 28.93, below the 50-day MA of 28.58, and above the 200-day MA of 25.75, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 36.98 is Neutral, neither overbought nor oversold. The STOCH value of 3.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DMLP.
Dorchester Minerals Risk Analysis
Dorchester Minerals disclosed 59 risk factors in its most recent earnings report. Dorchester Minerals reported the most risks in the "Finance & Corporate" category.
- Finance & Corporate23
- Tech & Innovation2
- Legal & Regulatory13
- Production13
- Ability to Sell3
- Macro & Political5
Latest Risks Added
0 New RisksDorchester Minerals Peers Comparison
Overall Rating
BSM81Outperform- DMLP79Outperform
KRP73Outperform
SJT61Neutral
PVL53.75Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| BSM | 81Outperform | $3.09B | 14.10 | 22.18% | 8.85% | 5.73% | -12.53% |
| DMLP | 79Outperform | $1.36B | 12.68 | 28.25% | 12.42% | 13.91% | -1.27% |
| KRP | 73Outperform | $1.99B | 19.45 | 11.82% | 10.65% | 10.33% | ― |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| SJT | 61Neutral | $143.56M | -179.76 | -37.43% | ― | -97.54% | -380.00% |
| PVL | 54Neutral | $59.73M | 10.17 | 15.04% | 11.01% | 71.83% | 86.17% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DMLP | Dorchester Minerals | 27.53 | 7.50 | 37.43% | |
| SJT | San Juan Basin Royalty | 3.21 | -2.84 | -46.94% | |
| CRT | Cross Timbers Royalty Trust | 12.72 | 5.52 | 76.72% | |
| PVL | Permianville Royalty | 1.79 | 0.20 | 12.23% | |
| BSM | Black Stone Minerals LP | 13.98 | 1.64 | 13.25% | |
| KRP | Kimbell Royalty Partners | 15.15 | 3.04 | 25.15% |
Dorchester Minerals Corporate Events
Dorchester Minerals Reports Strong Third-Quarter Financial Results
PositiveOn November 5, 2026, Dorchester Minerals reported third-quarter revenue of $51.411 million, net income of $27.583 million and earnings of $0.54 per common unit, compared with $35.416 million, $11.173 million and $0.23 a year earlier. For the nine mon...
Dorchester Minerals Completes Williston Basin Royalty Acreage Acquisition
PositiveOn October 30, 2026, Dorchester Minerals completed its acquisition of approximately 4,300 net royalty acres across three counties in North Dakota’s Williston Basin. The properties included producing and non-producing oil and natural gas interes...
Dorchester Minerals Declares Third-Quarter 2026 Cash Distribution
PositiveDorchester Minerals, L.P., a Dallas-based owner of oil and natural gas mineral, royalty and related interests in 28 states, reported third-quarter 2026 cash flows driven by its diversified portfolio of producing and non-producing assets. The partners...
Dorchester Minerals Expands Williston Basin Royalty Acreage Position
PositiveDorchester Minerals, L.P., a Delaware limited partnership headquartered in Dallas, operates as a holder of oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests across 28 states, offering investors exposure to...
Dorchester Minerals Reports Strong Second-Quarter 2026 Earnings Growth
PositiveDorchester Minerals, L.P., a Dallas-based owner of oil and natural gas mineral, royalty and related interests in 28 states, reported a sharp earnings increase for the quarter ended June 30, 2026. The partnership, whose units trade on Nasdaq under the...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 06, 2026