A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DMLP SEC filings page.
Dorchester Minerals LP (DMLP) reported $192.2M in revenue over the twelve months to Jun 30, 2026, up 13.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Reported earnings have fallen sharply, but operating cash remains high because depreciation increasingly separates accounting profit from cash generation.
Between the latest two filings, net income fell38.0% while operating cash flow was essentially unchanged at about$132.5M ; accounting profit is therefore a less direct measure of current cash generation. That gap tracks depreciation rising from$42.6M to$66.3M , showing that a larger share of the period’s expense is noncash.
Revenue declined from
Liabilities remain small relative to equity:
Financial Health Signals
Dorchester Minerals LP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Dorchester Minerals LP passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Dorchester Minerals LP generates $2.31 in operating cash flow ($132.5M OCF vs $57.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Dorchester Minerals LP generated $56.1M in revenue in Q2 2026. This represents an increase of 73.1% from the same quarter a year earlier. Against the prior quarter it is down 4.8%.
Dorchester Minerals LP reported $30.9M in net income in Q2 2026. This represents an increase of 150.0% from the same quarter a year earlier. Against the prior quarter it is up 6.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Dorchester Minerals LP held $72.5M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Dorchester Minerals LP's net profit margin was 55.0% in Q2 2026, showing the share of revenue converted to profit. This is up 16.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.6 percentage points.
Dorchester Minerals LP's ROE was 10.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 6.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
DMLP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.1M+73.1% | $58.9M+36.4% | $41.9M+5.4% | $35.4M-33.8% | $32.4M-13.3% | $43.2M+39.3% | $39.7M-21.2% | $53.5M+25.5% |
| SG&A Expenses | N/A | N/A | N/A | $2.9M+1.5% | $2.8M+10.6% | $4.3M+32.0% | $3.2M+11.2% | $2.9M+3.0% |
| Net Income | $30.9M+150.0% | $29.1M+65.2% | $16.2M+13.7% | $11.2M-69.3% | $12.3M-47.7% | $17.6M-2.9% | $14.2M-61.3% | $36.4M+23.6% |
| EPS (Basic) | $0.62+148.0% | $0.59+63.9% | $0.32+33.3% | $0.23-73.6% | $0.25-56.1% | $0.36-18.2% | $0.24-73.6% | $0.87+19.2% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
DMLP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $314.0M-3.6% | $301.6M-13.6% | $309.6M-15.6% | $330.4M-18.1% | $325.6M+85.0% | $349.0M+88.9% | $366.8M+92.0% | $403.4M+109.8% |
| Current Assets | $99.8M+67.1% | $74.4M+8.7% | $58.9M-13.1% | $62.5M-27.3% | $59.7M+4.0% | $68.5M+16.8% | $67.8M-2.7% | $86.0M+36.2% |
| Cash & Equivalents | $72.5M+98.6% | $28.2M-32.2% | $41.9M-1.3% | $41.6M-26.3% | $36.5M+3.8% | $41.5M+10.1% | $42.5M-9.6% | $56.5M+29.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $10.3M+78.5% | $4.9M-16.3% | $4.3M-14.1% | $6.8M-1.2% | $5.8M+5.6% | $5.9M+8.1% | $5.0M-8.8% | $6.9M-22.1% |
| Current Liabilities | $7.2M+40.0% | $4.5M-13.7% | $3.8M-10.7% | $6.2M+2.8% | $5.1M+12.4% | $5.2M+15.7% | $4.2M-4.9% | $6.0M-21.9% |
| Non-Current Liabilities | $3.1M+384.0% | $461K-35.3% | $521K-32.9% | $585K-30.5% | $648K-28.6% | $713K-26.9% | $777K-25.4% | $842K-24.0% |
| Total Equity | $303.7M-5.1% | $296.7M-13.5% | $305.2M-15.6% | $323.6M-18.4% | $319.8M+87.5% | $343.1M+91.3% | $361.8M+95.0% | $396.5M+116.1% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt, Retained Earnings.
DMLP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $64.2M+110.4% | $23.9M-28.4% | $34.3M+8.8% | $34.3M-21.7% | $30.5M+3.7% | $33.4M+19.4% | $31.5M-16.8% | $43.7M+29.2% |
| Depreciation & Amortization | $15.8M+7.6% | $20.9M+24.8% | $17.8M-0.7% | $17.0M+69.2% | $14.7M+91.9% | $16.8M+142.2% | $18.0M+133.0% | $10.0M+51.7% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
DMLP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 55.0%+16.9pp | 49.5%+8.6pp | 38.7%+2.8pp | 31.6%-36.6pp | 38.1%-25.1pp | 40.9%-17.8pp | 35.9%-37.1pp | 68.1%-1.1pp |
| Return on Equity | 10.2%+6.3pp | 9.8%+4.7pp | 5.3%+1.4pp | 3.5%-5.7pp | 3.9%-10.0pp | 5.1%-5.0pp | 3.9%-15.9pp | 9.2%-6.9pp |
| Return on Assets | 9.8%+6.0pp | 9.7%+4.6pp | 5.2%+1.3pp | 3.4%-5.7pp | 3.8%-9.6pp | 5.1%-4.8pp | 3.9%-15.4pp | 9.0%-6.3pp |
| Current Ratio | 13.85+2.2x | 16.61+3.4x | 15.54-0.4x | 10.05-4.2x | 11.61-0.9x | 13.19+0.1x | 15.97+0.4x | 14.21+6.1x |
| Debt-to-Equity | 0.030.0x | 0.020.0x | 0.010.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.010.0x | 0.020.0x |
| Asset Turnover | 0.18+0.1x | 0.20+0.1x | 0.140.0x | 0.110.0x | 0.10-0.1x | 0.120.0x | 0.11-0.2x | 0.13-0.1x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Dorchester Minerals LP DMLP | FY2025 | $152.8M | $57.4M | 37.5% | $1.5B | — |
| Kimbell Royalty Partners, LP Common Units KRP | FY2025 | $333.8M | $99.7M | 29.8% | $1.5B | 60/100 |
| Vitesse Energy, Inc.. VTS | FY2025 | $274.0M | $25.3M | 9.2% | $727.6M | 42/100 |
| HighPeak Energy, Inc. HPK | FY2025 | $863.4M | N/A | N/A | $1.2B | 37/100 |
| Mach Natural Resources LP Common Units MNR | FY2025 | $1.2B | $143.0M | 12.2% | $1.8B | 49/100 |
Where Dorchester Minerals LP Ranks
Frequently Asked Questions
What is Dorchester Minerals LP's annual revenue?
Dorchester Minerals LP (DMLP) reported $152.8M in total revenue for fiscal year 2025. This represents a -5.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dorchester Minerals LP's revenue growing?
Dorchester Minerals LP (DMLP) revenue declined by 5.4% year-over-year, from $161.5M to $152.8M in fiscal year 2025.
Is Dorchester Minerals LP profitable?
Yes, Dorchester Minerals LP (DMLP) reported a net income of $57.4M in fiscal year 2025, with a net profit margin of 37.5%.
What is Dorchester Minerals LP's net profit margin?
Dorchester Minerals LP (DMLP) had a net profit margin of 37.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dorchester Minerals LP's return on equity (ROE)?
Dorchester Minerals LP (DMLP) has a return on equity of 18.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dorchester Minerals LP's operating cash flow?
Dorchester Minerals LP (DMLP) generated $132.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dorchester Minerals LP's total assets?
Dorchester Minerals LP (DMLP) had $309.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Dorchester Minerals LP's current ratio?
Dorchester Minerals LP (DMLP) had a current ratio of 15.54 as of fiscal year 2025, which is generally considered healthy.
What is Dorchester Minerals LP's debt-to-equity ratio?
Dorchester Minerals LP (DMLP) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dorchester Minerals LP's return on assets (ROA)?
Dorchester Minerals LP (DMLP) had a return on assets of 18.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dorchester Minerals LP's P/E ratio?
Dorchester Minerals LP (DMLP) trades at 16.7x earnings, its market capitalization divided by net income of $87.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dorchester Minerals LP's price-to-sales ratio?
Dorchester Minerals LP (DMLP) trades at 7.6x sales, its market capitalization divided by revenue of $192.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dorchester Minerals LP's Piotroski F-Score?
Dorchester Minerals LP (DMLP) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dorchester Minerals LP's earnings high quality?
Dorchester Minerals LP (DMLP) has an earnings quality ratio of 2.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.