Dorchester Minerals, L.P. Announces First Quarter Results

Dorchester Minerals, L.P.

Rhea-AI Summary

Dorchester Minerals, L.P. (NASDAQ:DMLP) reported Q1 2026 net income of $29,137,000 ($0.59 per common unit) and operating revenues of $58,875,000 for the quarter ended March 31, 2026. Q1 2026 compares to net income of $17,642,000 and operating revenues of $43,164,000 in Q1 2025.

The Partnership declared a first-quarter distribution of $0.475036 per common unit payable May 14, 2026 to holders of record May 4, 2026. The company noted distributions differ from net earnings due to timing and depletion. Forward-looking statements are subject to commodity, operational, and regulatory risks.

Positive

• Operating revenues +36% YoY to $58.875M
• Net income +65% YoY to $29.137M
• Net income per common unit $0.59 for Q1 2026
• Declared distribution of $0.475036 per common unit

Negative

• Cash distributions are not comparable to net earnings due to timing and depletion
• Forward-looking risk from oil and natural gas price volatility

Argus May 7 session

-0.08% close to close Open Argus

Details

News Market Reaction – DMLP

On May 7, the first trading day after this news, DMLP closed 0.08% below the previous close.

Data tracked by StockTitan Argus for the May 7 session.

Key Figures

Q1 2026 Net Income: $29,137,000 Q1 2026 EPS: $0.59 per common unit Q1 2026 Operating Revenues: $58,875,000 +5 more

Q1 2026 Net Income

$29,137,000

Quarter ended March 31, 2026

Q1 2026 EPS

$0.59 per common unit

Quarter ended March 31, 2026

Q1 2026 Operating Revenues

$58,875,000

Quarter ended March 31, 2026

Q1 2025 Operating Revenues

$43,164,000

Quarter ended March 31, 2025 comparison

Q1 2025 Net Income

$17,642,000

Quarter ended March 31, 2025 comparison

Q1 2025 EPS

$0.36 per common unit

Quarter ended March 31, 2025 comparison

Q1 2026 Distribution

$0.475036 per common unit

Previously declared first quarter distribution

Payment and Record Dates

Payable May 14, 2026 to holders of record May 4, 2026

First quarter 2026 distribution schedule

Previous Earnings Reports

5 past events · Latest: Nov 06

Same Type 5 events

1. Nov 06

   Q3 2025 earnings

   24h Move

   -1.8%

   Q3 2025 revenues and net income declined versus prior-year period.

2. Aug 07

   Q2 2025 earnings

   24h Move

   -1.4%

   Q2 2025 net income and operating revenues fell year over year.

3. May 08

   Q1 2025 earnings

   24h Move

   +2.1%

   Q1 2025 operating revenues rose sharply with solid net income per unit.

4. Oct 31

   Q3 2024 earnings

   24h Move

   +0.2%

   Q3 2024 net income and revenues increased from Q3 2023, described as strong.

5. Aug 01

   Q2 2024 earnings

   24h Move

   -1.7%

   Q2 2024 revenues and net income improved versus 2023 but shares fell.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

overriding royalty, net profits interests, forward-looking statements, nasdaq global select market

4 terms

overriding royalty financial

"owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits"

An overriding royalty is a contract right that gives its holder a fixed percentage of revenue from the sale of produced resources (like oil, gas, or minerals) without owning the underlying property or bearing production costs. Think of it as a persistent slice of future sales left on a product even after the owner sells the asset; investors care because it reduces the seller’s future cash flow and can create predictable income for the royalty holder, affecting company value and deal economics.

net profits interests financial

"mineral, royalty, overriding royalty, net profits, and leasehold interests in 28 states."

A net profits interest is a non‑operating claim on the earnings from a specific asset (commonly oil, gas, or mineral production) that pays its holder a percentage of the money left over after production revenues and agreed costs are deducted. Think of it like owning a share of the profits from a single project without running it; payouts can be attractive but fluctuate with output and expenses, so investors use NPIs to gain income exposure while avoiding operating responsibilities.

forward-looking statements regulatory

"FORWARD-LOOKING STATEMENTS Portions of this document may constitute "forward-looking statements" as defined"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

nasdaq global select market technical

"Its common units trade on the NASDAQ Global Select Market under the symbol DMLP."

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DALLAS, May 06, 2026 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended March 31, 2026 of $29,137,000 or $0.59 per common unit.

A comparison of the Partnership’s consolidated results for the quarter ended March 31, 2026 and 2025 are set forth below:

	Three Months Ended
	March 31,
	2026		2025
Operating Revenues	$58,875,000		$43,164,000
Net Income	$29,137,000		$17,642,000
Net Income Per Common Unit	$0.59		$0.36

The Partnership previously declared its first quarter distribution in the amount of $0.475036 per common unit payable on May 14, 2026 to common unitholders of record as of May 4, 2026. The Partnership’s cash distributions are not comparable to its net earnings due to timing and other differences including depletion.

Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests in 28 states. Its common units trade on the NASDAQ Global Select Market under the symbol DMLP.

FORWARD-LOOKING STATEMENTS

Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price or demand for oil and natural gas, changes in the operations on or development of the Partnership’s properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership’s financial position, business strategy and other plans and objectives for future operations. These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission.

Contact:

Martye Miller
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
(214) 559-0300

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Dorchester Minerals (DMLP) Q1 2026 earnings and revenue?

Dorchester Minerals reported Q1 2026 net income $29,137,000 and operating revenues $58,875,000. According to the company, Q1 2025 net income was $17,642,000 and revenues were $43,164,000 for comparison.

How much is Dorchester Minerals (DMLP) paying per unit for the Q1 2026 distribution?

The Partnership declared a $0.475036 per common unit distribution payable May 14, 2026. According to the company, record date for the distribution is May 4, 2026.

What does Dorchester Minerals say about the relationship between distributions and earnings?

The company says distributions are not comparable to net earnings due to timing and depletion differences. According to the company, cash distributions can differ materially from reported net income.

How did DMLP's net income per common unit change year-over-year in Q1 2026?

Net income per common unit rose to $0.59 in Q1 2026 from $0.36 in Q1 2025. According to the company, this reflects higher consolidated net income for the quarter.

What risks did Dorchester Minerals (DMLP) highlight with its Q1 2026 results?

The Partnership cited risks including changes in oil and gas prices, operations, and regulatory requirements. According to the company, these factors could cause actual results to differ materially from projections.