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MARKETS / NASDAQ / DMLP
NASDAQ · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

Dorchester Minerals, L.p. DMLP

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$152.8M
▼ 5.4% YoY
$57.4M
▼ 38.0% YoY
In brief

What this company does

As of February 24, 2026, the Operating Partnership had 26 full-time employees in the partnership's Dallas, Texas corporate office. Royalty revenues from properties operated by Exxon Mobil Corporation and its subsidiaries and Chevron Corporation and its subsidiaries together represented approximately 25% of total operating revenues for the year ended December 31, 2025. The NPI is a net profits overriding royalty interest burdening properties owned by the Operating Partnership, and the partnership receives monthly payments equal to 96.97% of the Operating Partnership's net profits from those properties. Dorchester Minerals, L.P. is a publicly traded Delaware limited partnership that commenced operations on January 31, 2003, upon the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P. and Spinnaker Royalty Company, L.P.

Written from the business description in DORCHESTER MINERALS, L.P.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 152.8M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 152.8 · Net income 57.4
80M160M200920112013201520172019202120232025
Compound annual growth
−3.6%
+26.6%
+17.0%
+6.3%
−24.0%
+21.3%
+15.8%
+3.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +26.6% a year over five years — but profit grew slower: net income at +21.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
38 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating — · Net 37.5%
20%40%60%200920112013201520172019202120232025
ROE

Not available in our data for this period.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2011 · FCF 55.5
20M40M200920112013201520172019202120232025

Total assetsUSD 309.6M
CashUSD 41.9M
Current ratio15.54×

Not available: we don't have the total debt figure for this period.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.20.20.20.20.10.00.10.10.10.00.00.10.10.10.10.10.0
Operating income $B·········0.00.00.00.00.00.00.00.0
EBITDA $B·········0.00.00.10.10.10.1··
Income tax $B·················
Net income $B0.10.10.10.10.10.00.10.10.00.00.00.00.00.00.00.00.0
Free cash flow $B··············0.10.10.0
EPS, diluted $····1.940.611.501.611.180.660.421.421.371.201.33··
Dividend / sh $·················
Payout %·················
ROE %·················

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 14 divergences in 64 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 14 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures14 divergent
ActivityCrude Petroleum & Natural Gas
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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