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Dorchester Minerals, L.P. (DMLP) stock

DMLPNasdaqCrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 13/302% above fair value
$28.03+0.53 (+1.93%)

Close on Nov 11, 2026Market cap $1.38BP/E 13.0Yield –

Dorchester Minerals, L.P. grew revenue 38.2% to $208.22M over the twelve months to Sep 30, 2026. At the latest close the market valued the company at $1.38B, 13.0 times its earnings.

Revenue
$208.22M
+38.2% vs. a year earlier
EPS, diluted
$2.15
+85.3% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$1.38B
P/E ratio
13.0
Price to sales
6.61
Price to book
–
Dividend yield
–
Free cash flow yield
–

Fundamentals

Revenue
$208.22M
Net income
$103.78M
EPS, diluted
$2.15
Diluted shares
49M

Trading

Next earnings
Jan 21, 2027 (estimated, during market hours)
Previous close
$27.50
Open
$27.76
Day's range
$27.46 – $28.12
Volume
90,419
Average volume (20 days)
109,824
Beta (5 years)
0.41
52-week range
$20.85 – $31.08
RSI (14 days)
39.9
Volatility (1 year)
24.9%
Relative volume
0.62×
WACC
7.4%

On 3 of our idea lists: Breakout quarter, Yields that look too good (a warning list), Strong quarter, insiders buying

Market cap history

Month-end market cap since 2014, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodDMLPS&P 500DifferenceDMLP per yearS&P 500 per year
1 month-2.9%-2.4%−0.5 pts
3 months+6.3%-1.2%+7.4 pts
Year to date+42.0%+12.3%+29.7 pts
1 year+38.6%+12.4%+26.1 pts
3 years+38.5%+78.8%−40.3 pts+11.5%+21.4%
5 years+159.6%+75.2%+84.4 pts+21.0%+11.9%
10 years+425.0%+311.1%+113.9 pts+18.0%+15.2%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$208.22M+38.2% YoY

Operating income

–

Net income

$103.78M+87.3% YoY

EPS, diluted

$2.15+85.3% YoY

Free cash flow

–
Reported periodTrailing twelve months

Press releases

Releases Dorchester Minerals, L.P. filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Update
  3. Results
  4. Update
  5. Results
  6. Update
All press releases and earnings

About Dorchester Minerals, L.P.

Crude Petroleum & Natural Gas

Dorchester Minerals, L.P. is a Delaware limited partnership engaged in the acquisition, ownership, and administration of royalty properties and net profits interests. Its assets consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in oil and natural gas properties. The partnership does not directly operate wells or bear operational expenses; instead, independent exploration and production entities develop and manage the underlying acreage. Operating companies and working interest owners, including major producers such as subsidiaries of Exxon Mobil Corporation and Chevron Corporation, serve as the primary operators generating royalty revenues from its interests.

Company profile, executives and history

Dorchester Minerals, L.P. stock: common questions

What is Dorchester Minerals, L.P.'s stock price?

DMLP closed at $28.03 on Nov 11, 2026, up 1.93% on the day. Over the past 52 weeks it traded between $20.85 and $31.08.

What is Dorchester Minerals, L.P.'s market cap?

Dorchester Minerals, L.P. was worth $1.38B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is DMLP's P/E ratio?

DMLP trades at 13.0 times earnings, based on diluted earnings per share of $2.15 over the twelve months to Sep 30, 2026.

How much revenue does Dorchester Minerals, L.P. make?

Dorchester Minerals, L.P. reported revenue of $208.22M for the twelve months to Sep 30, 2026, up 38.2% from a year earlier.

Does Dorchester Minerals, L.P. pay a dividend?

No. Dorchester Minerals, L.P. has not paid a cash dividend over the last twelve months.

When does Dorchester Minerals, L.P. report earnings next?

Dorchester Minerals, L.P. is expected to report Q4 FY2026 results on Jan 21, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.

How has DMLP stock performed over the past year?

Including dividends, DMLP returned +38.6% over the past year, against +12.4% for the S&P 500.

How many DMLP shares are sold short?

0M shares were sold short at the latest FINRA report, 1.05% of the float, or 5.4 days of average trading volume.

Who are Dorchester Minerals, L.P.'s competitors?

Companies most similar to Dorchester Minerals, L.P. by business, industry and size include KRP, BSM, BATL, SD, TXO.

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