Dorchester Minerals (DMLP)
NASDAQ:DMLP
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Dorchester Minerals
(NASDAQ:DMLP)
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Rating:80Outperform
Price Target:
$31.00
▲(45.81% Upside)
Action:Reiterated
Date:05/16/26
The score is primarily supported by strong financial quality (very low leverage and solid cash generation) and an appealing income/valuation profile (low P/E with a high yield). Technical signals are neutral with limited momentum, and recent corporate items are modestly positive but do not remove commodity-cycle risk.
Positive Factors
Conservative balance sheet
Extremely low leverage gives durable financial flexibility: it preserves distribution capacity through commodity downturns, limits refinancing risk, and allows the partnership to absorb one-off items or opportunistically deploy capital without jeopardizing core cash returns.
Negative Factors
Commodity-linked earnings volatility
Royalty receipts and net profits are fundamentally tied to oil and gas prices and production cycles. That linkage creates persistent variability in revenues and distributable cash, complicating multi‑quarter planning and making distributions dependent on cyclical upstream activity and price environments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage gives durable financial flexibility: it preserves distribution capacity through commodity downturns, limits refinancing risk, and allows the partnership to absorb one-off items or opportunistically deploy capital without jeopardizing core cash returns.
Read all positive factors
Dorchester Minerals Key Performance Indicators (KPIs)
Dorchester Minerals (DMLP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.33B
Dividend Yield12.53%
Average Volume (3M)179.80K
Price to Earnings (P/E)11.2
Beta (1Y)0.30
Revenue Growth-2.97%
EPS Growth-33.78%
CountryUS
Employees27
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.44
Shares Outstanding48,255,450
10 Day Avg. Volume206,820
30 Day Avg. Volume179,797
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)3.44
Price to Sales (P/S)6.97
P/FCF Ratio8.04
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue7.70
Enterprise Value/Gross Profit13.10
Enterprise Value/Ebitda9.32
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dorchester Minerals Business Overview & Revenue Model
Company Description
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of produc...
How the Company Makes Money
DMLP makes money primarily by collecting royalties and other non-operating revenues tied to oil and natural gas production on acreage where it owns mineral and royalty interests. When an operator produces oil or gas from a property burdened by DML...
Dorchester Minerals Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 168.54M | 152.83M | 161.52M | 163.80M | 170.80M | 93.42M |
| Gross Profit | 99.11M | 70.68M | 104.38M | 125.28M | 138.83M | 75.36M |
| EBITDA | 139.33M | 123.65M | 135.22M | 140.62M | 149.90M | 80.86M |
| Net Income | 68.85M | 57.35M | 92.45M | 110.39M | 130.61M | 70.17M |
Balance Sheet | ||||||
| Total Assets | 301.63M | 309.55M | 366.81M | 191.06M | 176.24M | 146.81M |
| Cash, Cash Equivalents and Short-Term Investments | 28.16M | 41.94M | 42.51M | 47.02M | 40.75M | 28.31M |
| Total Debt | 713.00K | 777.00K | 1.04M | 1.31M | 1.59M | 1.89M |
| Total Liabilities | 4.94M | 4.32M | 5.02M | 5.51M | 4.72M | 4.40M |
| Stockholders Equity | 301.86M | 310.06M | 363.79M | 185.44M | 170.84M | 141.43M |
Cash Flow | ||||||
| Free Cash Flow | 123.00M | 132.49M | 132.64M | 139.84M | 147.05M | 70.31M |
| Operating Cash Flow | 123.00M | 132.49M | 132.64M | 139.84M | 147.05M | 70.31M |
| Investing Cash Flow | 1.95M | 3.89M | 14.72M | 2.28M | 2.09M | 2.58M |
| Financing Cash Flow | -138.34M | -136.94M | -151.88M | -135.85M | -136.69M | -55.81M |
Dorchester Minerals Technical Analysis
Positive
21.26
Price Trends
27.28
Positive
25.61
Positive
24.11
Positive
Market Momentum
0.16
Negative
52.92
Neutral
67.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DMLP, the sentiment is Positive. The current price of 21.26 is below the 20-day moving average (MA) of 27.28, below the 50-day MA of 27.28, and below the 200-day MA of 24.11, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 52.92 is Neutral, neither overbought nor oversold. The STOCH value of 67.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DMLP.
Dorchester Minerals Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.33B | 11.22 | 21.88% | 12.53% | -2.97% | -33.78% | |
74 Outperform | $1.70B | 51.23 | 10.68% | 13.84% | 0.87% | 770.57% | |
68 Neutral | $2.38B | -16.81 | 13.10% | 17.48% | 22.47% | -56.03% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
| ― | $1.12B | 21.05 | 959.49% | 7.51% | -11.58% | -12.24% | |
60 Neutral | $2.65B | -2.59 | -33.22% | ― | -15.43% | -3103.48% | |
60 Neutral | $913.59M | 9.57 | 0.16% | ― | 44.96% | ― |
* Energy Sector Average
DMLP
Dorchester Minerals
27.47
2.43
9.70%
SBR
Sabine Royalty
77.04
15.06
24.29%
KRP
Kimbell Royalty Partners
15.19
3.09
25.57%
TALO
Talos Energy
16.04
8.10
102.02%
MNR
Mach Natural Resources LP
14.05
2.24
18.98%
INR
Infinity Natural Resources, Inc. Class A
14.51
-2.68
-15.59%
Dorchester Minerals Corporate Events
Executive/Board ChangesShareholder Meetings
Dorchester Minerals Unitholders Reaffirm Governance and Leadership
Positive
May 15, 2026
Dorchester Minerals, L.P., a U.S.-based owner of oil and natural gas mineral and royalty interests, operates as a publicly traded partnership focused on collecting production-derived income from its energy asset portfolio. Its governance structure...
Business Operations and StrategyShareholder Meetings
Dorchester Minerals Schedules 2026 Annual Meeting and Presentation
Positive
May 12, 2026
Dorchester Minerals, L.P. announced that it will hold its 2026 Annual Meeting of Limited Partners on May 13, 2026, at 2:00 p.m. Central Time in Dallas, Texas. The meeting will take place at the offices of Willkie Farr Gallagher LLP and will be fo...
DividendsFinancial Disclosures
Dorchester Minerals Posts Strong Q1 Results, Raises Distribution
Positive
May 6, 2026
Dorchester Minerals, L.P. reported significantly stronger results for the quarter ended March 31, 2026, posting net income of $29.1 million, or $0.59 per common unit, compared with $17.6 million, or $0.36 per unit, in the same period of 2025 as op...
DividendsFinancial Disclosures
Dorchester Minerals Declares First-Quarter 2026 Cash Distribution
Neutral
Apr 23, 2026
Dorchester Minerals, L.P., a Dallas-based partnership that owns oil and natural gas mineral, royalty, overriding royalty and net profits interests across 28 states, reported cash receipts and distributions for the quarter ended March 31, 2026. Its...
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
Dorchester Minerals Resolves Litigation, Boosting Cash Proceeds
Positive
Mar 16, 2026
Dorchester Minerals, L.P. and its Operating Partnership have entered into a settlement and mutual release agreement with unrelated third parties, resolving ordinary course litigation involving certain leasehold interests in Midland County, Texas, ...
Executive/Board ChangesDelistings and Listing ChangesRegulatory Filings and Compliance
Dorchester Minerals Restores Nasdaq Compliance with New Appointment
Positive
Mar 2, 2026
Dorchester Minerals, L.P. disclosed that independent manager C.W. “Bill” Russell, who served on its board of managers and Advisory Committee, passed away on October 30, 2025, reducing the Advisory Committee and audit committee membersh...
DividendsFinancial Disclosures
Dorchester Minerals Reports Lower 2025 Results, Maintains Distributions
Negative
Feb 24, 2026
Dorchester Minerals, L.P., a Dallas-based energy partnership that owns producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests in 28 U.S. states, reported lower results for 20...
Executive/Board Changes
Dorchester Minerals Appoints Independent Manager to Strengthen Oversight
Positive
Feb 17, 2026
Dorchester Minerals, L.P. announced that on February 11, 2026, it appointed A. Troy Sturrock as an independent manager to the board of managers of the general partner of its general partner, filling the vacancy created by the October 30, 2025 deat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.