Dorchester Minerals, L.P. Announces Third Quarter Results

Nine-month net income rose to $87,591,000 from $41,162,000 in the comparable 2025 period.

Rhea-AI Summary

Dorchester Minerals (DMLP) reported net income of $27,583,000 for the third quarter ended September 30, 2026, up from a year earlier. Net income per common unit rose to $0.54 from $0.23, while operating revenues increased to $51,411,000 from $35,416,000.

For the nine months ended September 30, net income increased to $87,591,000 from $41,162,000 in 2025, and operating revenues rose to $166,361,000 from $110,975,000. Earnings per common unit increased to $1.75 from $0.84. The previously declared third-quarter distribution of $0.882297 per common unit is payable November 12, 2026, to holders of record November 2, 2026.

6 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 0 points

How the balance works

Positive

• Moderate pointThird-quarter operating revenues increased to $51,411,000 from $35,416,000 in 2025.
• Moderate pointThird-quarter net income rose to $27,583,000 from $11,173,000 in 2025.
• Moderate pointThird-quarter earnings per common unit increased to $0.54 from $0.23 in 2025.
• Minor pointNine-month operating revenues rose to $166,361,000 from $110,975,000 in 2025.
• Minor pointNine-month net income increased to $87,591,000 from $41,162,000 in 2025.
• Minor pointNine-month earnings per common unit rose to $1.75 from $0.84 in 2025.

Negative

• None.

Key Figures

Q3 operating revenue: $51,411,000 vs. $35,416,000 Q3 net income: $27,583,000 vs. $11,173,000 Q3 net income per common unit: $0.54 vs. $0.23 per common unit +4 more

Q3 operating revenue

$51,411,000 vs. $35,416,000

Three months ended September 30, 2026 vs. 2025

Q3 net income

$27,583,000 vs. $11,173,000

Three months ended September 30, 2026 vs. 2025

Q3 net income per common unit

$0.54 vs. $0.23 per common unit

Three months ended September 30, 2026 vs. 2025

Nine-month operating revenue

$166,361,000 vs. $110,975,000

Nine months ended September 30, 2026 vs. 2025

Nine-month net income

$87,591,000 vs. $41,162,000

Nine months ended September 30, 2026 vs. 2025

Nine-month net income per common unit

$1.75 vs. $0.84 per common unit

Nine months ended September 30, 2026 vs. 2025

Third-quarter distribution

$0.882297 per common unit

Previously declared; payable November 12, 2026

Previous Earnings Reports

2 past events · Latest: Aug 06

Same Type 2 events

1. Aug 06

   earnings report

   24h Move

   +1.0%

   Q2 2026 net income was $30.9 million, with revenue of $56.1 million.

2. Nov 06

   earnings report

   24h Move

   -1.8%

   Q3 2025 results included $11.173 million net income and $35.4 million revenue.

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

Key Terms

common unit, depletion, overriding royalty

3 terms

common unit financial

"net income for the quarter ended September 30, 2026 of $27,583,000, or $0.54 per common unit."

A common unit is a single piece of ownership in a company, fund, or trust—similar to an ordinary share but often used for pooled vehicles or listings where securities are packaged or governed differently. It matters to investors because each unit represents a claim on profits and, commonly, voting power; like holding a seat at a table, the number of units you own affects your share of returns and influence, and unit structures can also affect liquidity and tax treatment.

depletion technical

"including depletion."

Depletion is the gradual reduction or use-up of a physical resource or asset over time, such as mineral reserves, oil and gas fields, timber, or inventory. For investors it signals how much of a company’s productive base or stock has been consumed and affects reported earnings, future production potential and the valuation of related assets—think of it like measuring how quickly a fuel tank is being emptied and what that means for future trips.

overriding royalty technical

"mineral, royalty, overriding royalty, net profits, and leasehold interests"

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.

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

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DALLAS, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the quarter ended September 30, 2026 of $27,583,000, or $0.54 per common unit.

A comparison of the Partnership’s consolidated results for the quarters ended September 30, 2026 and 2025 are set forth below:

	Three Months Ended							Nine Months Ended
	September 30,							September 30,
		2026			2025				2026			2025
Operating Revenues	$	51,411,000			$	35,416,000		$	166,361,000			$	110,975,000
Net Income	$	27,583,000			$	11,173,000		$	87,591,000			$	41,162,000
Net Income Per Common Unit	$	0.54			$	0.23		$	1.75			$	0.84

The Partnership previously declared its third quarter distribution in the amount of $0.882297 per common unit payable on November 12, 2026 to common unitholders of record as of November 2, 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 oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located 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.

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

FAQ

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

What were Dorchester Minerals' third-quarter 2026 earnings?

Dorchester Minerals earned $27,583,000, or $0.54 per common unit, for the quarter ended September 30, 2026. That compares with net income of $11,173,000, or $0.23 per common unit, in the same quarter of 2025.

Why does Dorchester Minerals' cash distribution differ from its net earnings?

Dorchester Minerals' cash distributions are not comparable to net earnings because of timing and other differences, including depletion.