Symbols / DMLP Stock $28.11 -2.06% Dorchester Minerals, L.P.

Energy • Oil & Gas E&P • United States • NMS
DMLP (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Energy
Industry Oil & Gas E&P
CEO Mr. Bradley J. Ehrman
Exch · Country NMS · United States
Market Cap 1.36B
Enterprise Value 1.31B
Income 55.25M
Sales 147.00M
FCF (ttm) 110.18M
Book/sh 6.42
Cash/sh 0.87
Employees 26
Insider 10d
IPO Feb 03, 2003
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 239.25%
P/E 24.23
Forward P/E
PEG 0.83
P/S 9.23
P/B 4.38
P/C
EV/EBITDA 10.60
EV/Sales 8.91
Quick Ratio 15.40
Current Ratio 15.54
Debt/Eq 0.26
LT Debt/Eq
EPS (ttm) 1.16
EPS next Y
EPS Growth 11.60%
Revenue Growth 9.70%
EPS Gr Q/Q 13.70%
Rev Gr Q/Q
Earnings (next) 2026-05-07
Earnings (prior)
ROA 10.60%
ROE 17.20%
ROIC
Gross Margin 93.18%
Oper. Margin 44.94%
Profit Margin 37.59%
Shs Outstand 48.26M
Shs Float 44.33M
Insider Own 9.42%
Instit Own 28.26%
Short Float 1.21%
Short Ratio 3.02
Short Interest 549.19K
52W High 29.95
vs 52W High -6.14%
52W Low 20.85
vs 52W Low 34.82%
Beta 0.57
Impl. Vol. 3.13%
Rel Volume 1.61
Avg Volume 176.74K
Volume 284.55K
Target (mean)
Tgt Median
Tgt Low
Tgt High
# Analysts
Recom None
Prev Close $28.70
Price $28.11
Change -2.06%
About

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 594 counties and parishes in 28 states; and net profits interests, which represent net profits overriding royalty interests in various properties owned by the operating partnership. The company was founded in 1982 and is based in Dallas, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$28.11
Low
High
Mean
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-13 DORCHESTER MINERALS OPERATING, L.P. Unknown 20,000 $25.08 $504,750
2025-12-22 DORCHESTER MINERALS OPERATING, L.P. Unknown 15,000 $22.23 $334,124
2025-12-18 DORCHESTER MINERALS OPERATING, L.P. Unknown 20,000 $22.19 $445,216
2025-12-15 EHRMAN BRADLEY J. Chief Executive Officer 4,727
2025-12-15 MORIYAMA LESLIE A Chief Financial Officer 4,351
2025-12-03 EHRMAN BRADLEY J. Chief Executive Officer 4,810
2025-12-03 MORIYAMA LESLIE A Chief Financial Officer 4,017
2025-12-03 BOX FRANK DAMON Director 5,000 $21.96 $109,825
2025-12-01 EHRMAN BRADLEY J. Chief Executive Officer 18,000 $21.63 $389,340
2025-12-01 MORIYAMA LESLIE A Chief Financial Officer 16,000 $21.63 $346,080
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
152.83
-5.38%
161.52
-1.39%
163.80
-4.10%
170.80
Operating Revenue
151.15
-5.31%
159.63
-1.18%
161.54
-5.05%
170.13
Cost Of Revenue
82.16
+43.77%
57.14
+48.35%
38.52
+20.47%
31.97
Reconciled Cost Of Revenue
82.16
+43.77%
57.14
+48.35%
38.52
+20.47%
31.97
Gross Profit
70.68
-32.29%
104.38
-16.68%
125.28
-9.76%
138.83
Operating Expense
13.32
+11.68%
11.93
+6.87%
11.16
+35.80%
8.22
Selling General And Administration
13.32
+11.68%
11.93
+6.87%
11.16
+35.80%
8.22
General And Administrative Expense
13.32
+11.68%
11.93
+6.87%
11.16
+35.80%
8.22
Other Gand A
13.32
+11.68%
11.93
+6.87%
11.16
+35.80%
8.22
Total Expenses
95.48
+38.23%
69.07
+39.03%
49.68
+23.61%
40.19
Operating Income
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
EBITDA
123.81
-8.43%
135.22
-3.84%
140.62
-6.19%
149.90
Normalized EBITDA
123.81
-8.43%
135.22
-3.84%
140.62
-6.19%
149.90
Reconciled Depreciation
66.46
+55.41%
42.77
+61.38%
26.50
+37.37%
19.29
EBIT
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Net Income
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Pretax Income
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Net Income From Continuing Operation Net Minority Interest
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Net Income From Continuing And Discontinued Operation
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Net Income Continuous Operations
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Normalized Income
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Net Income Common Stockholders
55.25
-38.06%
89.20
-19.19%
110.39
-12.47%
126.12
Diluted EPS
2.13
-25.26%
2.85
-14.93%
3.35
Basic EPS
2.13
-25.26%
2.85
-14.93%
3.35
Basic Average Shares
41.81
+7.81%
38.78
+3.08%
37.62
Diluted Average Shares
41.81
+7.81%
38.78
+3.08%
37.62
Diluted NI Availto Com Stockholders
55.25
-38.06%
89.20
-19.19%
110.39
-12.47%
126.12
Preferred Stock Dividends
2.10
-35.36%
3.25
-12.85%
3.73
-16.90%
4.49
Line Item Trend 2023-12-31
Total Assets
191.06
Current Assets
69.71
Cash Cash Equivalents And Short Term Investments
47.02
Cash And Cash Equivalents
47.02
Receivables
22.68
Accounts Receivable
14.41
Accrued Interest Receivable
8.28
Other Current Assets
Total Non Current Assets
121.36
Net PPE
121.36
Gross PPE
508.81
Accumulated Depreciation
-387.45
Other Properties
0.77
Leases
0.99
Total Liabilities Net Minority Interest
5.51
Current Liabilities
4.47
Payables And Accrued Expenses
4.20
Payables
4.20
Accounts Payable
4.20
Current Debt And Capital Lease Obligation
0.27
Current Capital Lease Obligation
0.27
Total Non Current Liabilities Net Minority Interest
1.04
Long Term Debt And Capital Lease Obligation
1.04
Long Term Capital Lease Obligation
1.04
Stockholders Equity
0.00
Common Stock Equity
185.56
Share Issued
39.58
Ordinary Shares Number
39.58
Treasury Shares Number
0.00
Total Equity Gross Minority Interest
185.56
Total Capitalization
185.56
Working Capital
65.24
Invested Capital
185.56
Total Debt
1.31
Capital Lease Obligations
1.31
Net Tangible Assets
0.00
Tangible Book Value
185.56
General Partnership Capital
0.11
Limited Partnership Capital
185.44
Total Partnership Capital
185.56
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
132.49
-0.12%
132.64
-5.15%
139.84
-4.90%
147.05
Cash Flow From Continuing Operating Activities
132.49
-0.12%
132.64
-5.15%
139.84
-4.90%
147.05
Net Income From Continuing Operations
57.35
-37.96%
92.45
-18.99%
114.12
-12.63%
130.61
Depreciation Amortization Depletion
66.46
+55.41%
42.77
+61.38%
26.50
+37.37%
19.29
Depreciation
66.46
+55.41%
42.77
+61.38%
26.50
+37.37%
19.29
Depreciation And Amortization
66.46
+55.41%
42.77
+61.38%
26.50
+37.37%
19.29
Change In Working Capital
8.67
+436.44%
-2.58
-232.09%
-0.78
+72.74%
-2.85
Change In Receivables
9.05
+572.85%
-1.92
-21.82%
-1.57
+54.91%
-3.49
Changes In Account Receivables
6.02
+229.66%
-4.65
-894.86%
-0.47
+85.12%
-3.14
Change In Prepaid Assets
0.01
-90.23%
0.13
+432.00%
0.03
Change In Payables And Accrued Expense
-0.14
+74.14%
-0.52
-149.62%
1.05
+13.12%
0.93
Change In Payable
-0.14
+74.14%
-0.52
-149.62%
1.05
+13.12%
0.93
Change In Account Payable
-0.14
+74.14%
-0.52
-149.62%
1.05
+13.12%
0.93
Change In Other Current Liabilities
-0.26
+3.66%
-0.27
+2.85%
-0.28
+3.44%
-0.29
Investing Cash Flow
3.89
-73.60%
14.72
+544.70%
2.28
+9.33%
2.09
Cash Flow From Continuing Investing Activities
3.89
-73.60%
14.72
+544.70%
2.28
+9.33%
2.09
Net PPE Purchase And Sale
3.89
-73.60%
14.72
+544.70%
2.28
+9.33%
2.09
Sale Of PPE
3.89
-73.60%
14.72
+544.70%
2.28
+9.33%
2.09
Net Business Purchase And Sale
2.28
+9.33%
2.09
Financing Cash Flow
-136.94
+9.83%
-151.88
-11.80%
-135.85
+0.61%
-136.69
Cash Flow From Continuing Financing Activities
-136.94
+9.83%
-151.88
-11.80%
-135.85
+0.61%
-136.69
Common Stock Dividend Paid
-136.94
+9.83%
-151.88
-11.80%
-135.85
+0.61%
-136.69
Cash Dividends Paid
-136.94
+9.83%
-151.88
-11.80%
-135.85
+0.61%
-136.69
Changes In Cash
-0.57
+87.36%
-4.52
-172.03%
6.27
-49.62%
12.45
Beginning Cash Position
42.51
-9.61%
47.02
+15.39%
40.75
+43.98%
28.31
End Cash Position
41.94
-1.34%
42.51
-9.61%
47.02
+15.39%
40.75
Free Cash Flow
132.49
-0.12%
132.64
-5.15%
139.84
-4.90%
147.05
Sale Of Business
2.28
+9.33%
2.09
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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