Dorchester Minerals, L.P. (DMLP)
Nasdaq · Crude Petroleum & Natural Gas · Mining · CIK 1172358 · fiscal year ends in Dec
Closing price $30.50 on 29 Oct 2026; 52-week range $21.26 to $30.73.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $192.2M
- Revenue growth
- 13.9%
- Net income, last twelve months
- $87.4M
- Operating margin
- 45.5%
- Net margin
- 45.5%
- Market value
- $1.5B
- Price to earnings
- 17.1x
- Cash
- $72.5M
- Debt
- $0
- Shares outstanding
- 49.1M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $152.8M | $57.4M | $57.4M | $1.16 | – | 10-K filed 24 Feb 2026 |
| FY2024 | 31 Dec 2024 | $161.5M | $92.4M | $92.4M | $2.13 | – | 10-K filed 20 Feb 2025 |
| FY2023 | 31 Dec 2023 | $163.8M | $114.1M | $114.1M | $2.85 | – | 10-K filed 22 Feb 2024 |
| FY2022 | 31 Dec 2022 | $170.8M | $130.6M | $130.6M | $3.35 | – | 10-K filed 23 Feb 2023 |
| FY2021 | 31 Dec 2021 | $93.4M | $70.2M | $70.2M | $1.94 | – | 10-K filed 24 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $56.1M | $30.9M | $0.62 |
| Q1 FY2026 | 31 Mar 2026 | $58.9M | $29.1M | $0.59 |
| Q4 FY2025 | 31 Dec 2025 | $41.9M | $16.2M | $0.32 |
| Q3 FY2025 | 30 Sep 2025 | $35.4M | $11.2M | $0.23 |
| Q2 FY2025 | 30 Jun 2025 | $32.4M | $12.3M | $0.25 |
| Q1 FY2025 | 31 Mar 2025 | $43.2M | $17.6M | $0.36 |
| Q4 FY2024 | 31 Dec 2024 | $39.7M | $14.2M | $0.25 |
| Q3 FY2024 | 30 Sep 2024 | $53.5M | $36.4M | $0.87 |
Company events
The newest 8-K filings of 263 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 22 Oct 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 20 Oct 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 7 Aug 2026 | 8-K | Results, Leadership change, Investor update | 2.02, 5.02, 7.01, 9.01 |
| 3 Aug 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 23 Jul 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 6 Jul 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 15 May 2026 | 8-K | Shareholder vote | 5.07 |
| 12 May 2026 | 8-K | Investor update | 7.01, 9.01 |
| 6 May 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 23 Apr 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 16 Mar 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 2 Mar 2026 | 8-K | Other events | 8.01, 9.01 |
Every filing
The newest filings with the SEC of 460 held.
| Filed | Form | Period |
|---|---|---|
| 22 Oct 2026 | 8-K | 22 Oct 2026 |
| 20 Oct 2026 | 8-K | 16 Oct 2026 |
| 7 Aug 2026 | 8-K | 6 Aug 2026 |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 3 Aug 2026 | 8-K | 31 Jul 2026 |
| 23 Jul 2026 | 8-K | 23 Jul 2026 |
| 6 Jul 2026 | 8-K | 3 Jul 2026 |
| 15 May 2026 | 8-K | 13 May 2026 |
| 12 May 2026 | 8-K | 12 May 2026 |
| 6 May 2026 | 10-Q | 31 Mar 2026 |
| 6 May 2026 | 8-K | 6 May 2026 |
| 23 Apr 2026 | 8-K | 23 Apr 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 19 Aug 2026 | Moriyama Leslie A, Chief Financial Officer | Purchase | 5,197 | $28.30 | $147.1K | 103,405 | 19 Aug 2026 |
| 1 Jun 2026 | Dorchester Minerals Operating Lp, Insider | Purchase | 2,500 | $27.64 | $69.1K | 65,017 | 2 Jun 2026 |
| 1 Jun 2026 | Dorchester Minerals Operating Lp, Insider | Purchase | 999 | $27.62 | $27.6K | 66,016 | 2 Jun 2026 |
| 1 Jun 2026 | Dorchester Minerals Operating Lp, Insider | Purchase | 4,001 | $27.50 | $110.0K | 70,017 | 2 Jun 2026 |
| 20 May 2026 | Dorchester Minerals Operating Lp, Insider | Purchase | 1,500 | $28.24 | $42.4K | 56,517 | 22 May 2026 |
| 20 May 2026 | Dorchester Minerals Operating Lp, Insider | Purchase | 6,000 | $28.32 | $169.9K | 62,517 | 22 May 2026 |
| 12 May 2026 | Ehrman Bradley J, Chief Executive Officer | Purchase | 4,000 | $26.78 | $107.1K | 142,723 | 12 May 2026 |
| 13 Feb 2026 | Dorchester Minerals Operating Lp, Insider | Purchase | 5,000 | $25.29 | $126.5K | 55,017 | 13 Feb 2026 |
| 12 Feb 2026 | Dorchester Minerals Operating Lp, Insider | Purchase | 5,000 | $25.08 | $125.4K | 50,017 | 13 Feb 2026 |
| 11 Feb 2026 | Dorchester Minerals Operating Lp, Insider | Purchase | 10,000 | $25.29 | $252.9K | 45,017 | 13 Feb 2026 |
| 22 Dec 2025 | Dorchester Minerals Operating Lp, Insider | Purchase | 10,000 | $22.30 | $223.0K | 35,017 | 23 Dec 2025 |
| 19 Dec 2025 | Dorchester Minerals Operating Lp, Insider | Purchase | 5,000 | $22.23 | $111.1K | 25,017 | 23 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 May 2026 | West Texas Minerals LLC | 13G amended | 2.76% | 1.3M |
Trades by members of the House
From each member's periodic transaction report.
| Traded | Member | Type | Amount | Disclosed |
|---|---|---|---|---|
| 13 Mar 2026 | August Lee Pfluger (TX11) | Purchase | $15,001 - $50,000 | 15 Apr 2026 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 441.6K | +19.73% | 6.17 |
| 30 Sep 2026 | 368.9K | -4.76% | 3.9 |
| 15 Sep 2026 | 387.3K | -18.06% | 4.2 |
| 31 Aug 2026 | 472.6K | -21.45% | 3.87 |
| 14 Aug 2026 | 601.7K | +23.67% | 3.42 |
| 31 Jul 2026 | 486.5K | -10.67% | 1.32 |
| 15 Jul 2026 | 544.7K | +2.89% | 4.94 |
| 30 Jun 2026 | 529.4K | -13.76% | 2.47 |
Funds that hold it
From each fund's latest Form 13F.
165 funds held it at 30 Jun 2026: 58 added and 29 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Morgan Stanley | 1,039,501 | $26.2M | -739,211 |
| Adams Asset Advisors, LLC | 910,934 | $23.0M | +22,670 |
| Horizon Kinetics Asset Management LLC | 852,651 | $21.5M | -7,575 |
| Turtle Creek Wealth Advisors, LLC | 842,225 | $21.3M | +842,225 |
| Hollow Brook Wealth Management LLC | 803,023 | $20.3M | 0 |
| MidFirst Bank | 500,743 | $12.6M | +6,590 |
| Meixler Investment Management, Ltd. | 369,041 | $9.3M | -15,728 |
| Pathstone Holdings, LLC | 359,480 | $9.1M | +351,000 |
| Royce & Associates LP | 338,629 | $8.6M | 0 |
| ArchPoint Investors | 314,184 | $7.9M | -185,714 |
Peers
Companies in the same industry.
- Shell plc (SHEL): revenue $266.9B, market value $306.3B
- TotalEnergies SE (TTE): revenue $201.2B, market value $207.5B
- Petróleo Brasileiro S.A. (Petrobras) (PBR): revenue $89.2B, market value $141.1B
- Canadian Natural Resources Limited (CNQ): revenue $27.8B, market value $114.7B
- Eni S.p.A. (E): revenue $92.9B, market value $88.9B
- EOG Resources Inc. (EOG): revenue $27.0B, market value $85.1B
- Occidental Petroleum Corp. (OXY): revenue –, market value $63.0B
- Diamondback Energy, Inc. (FANG): revenue $17.1B, market value $57.9B
- Devon Energy Corp. (DVN): revenue $19.7B, market value $56.3B
- Woodside Energy Group Ltd. (WDS): revenue $13.0B, market value $44.1B