STOCK TITAN

Dorchester Minerals Q3 net income rises to $27.6M

The previously declared $0.882297 distribution per common unit is payable November 12, 2026, to common unitholders of record November 2, 2026.

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

DORCHESTER MINERALS, L.P. (DMLP) reported third-quarter 2026 operating revenues of $51.411 million and net income of $27.583 million, compared with $35.416 million and $11.173 million, respectively, in the third quarter of 2025. Net income per common unit was $0.54, versus $0.23.

For the nine months ended September 30, 2026, operating revenues were $166.361 million and net income was $87.591 million, compared with $110.975 million and $41.162 million in the 2025 period. The Partnership previously declared a third-quarter distribution of $0.882297 per common unit, payable November 12, 2026, to common unitholders of record November 2, 2026. It states cash distributions are not comparable to net earnings because of timing and other differences, including depletion.

2 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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.

0 major · 0 points

How the balance works

Positive

  • Moderate pointThird-quarter operating revenues were $51.411 million, versus $35.416 million in 2025.
  • Moderate pointThird-quarter net income was $27.583 million, versus $11.173 million in 2025.

Negative

  • None.
Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Operating revenues $51.411 million Three months ended September 30, 2026
Net income $27.583 million Three months ended September 30, 2026
Net income per common unit $0.54 Three months ended September 30, 2026
Operating revenues $166.361 million Nine months ended September 30, 2026
Net income $87.591 million Nine months ended September 30, 2026
Net income per common unit $1.75 Nine months ended September 30, 2026
Distribution per common unit $0.882297 Third-quarter distribution payable November 12, 2026
depletion financial
"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
"overriding royalty"
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.
leasehold interests technical
"leasehold interests"
common unit financial
"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.
Operating revenues $51.411 million Compared with $35.416 million for the quarter ended September 30, 2025
Net income $27.583 million Compared with $11.173 million for the quarter ended September 30, 2025
Net income per common unit $0.54 Compared with $0.23 for the quarter ended September 30, 2025

FAQ

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

How did DMLP perform in the third quarter of 2026?

DMLP reported operating revenues of $51.411 million and net income of $27.583 million for the quarter ended September 30, 2026. The comparable 2025 figures were $35.416 million and $11.173 million; net income per common unit was $0.54 versus $0.23.

What distribution did DMLP declare for the third quarter of 2026?

The previously declared distribution is $0.882297 per common unit, payable November 12, 2026, to common unitholders of record November 2, 2026. The Partnership says cash distributions are not comparable to net earnings because of timing and other differences, including depletion.

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

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false 0001172358 0001172358 2026-11-05 2026-11-05
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): November 5, 2026
 
DORCHESTER MINERALS, L.P.
(Exact name of registrant as specified in its charter)
 
Delaware
 
000-50175
 
81-0551518
(State or other jurisdiction of
 
(Commission
 
(IRS Employer
incorporation)
 
File Number)
 
Identification No.)
 
 
3838 Oak Lawn, Suite 300, Dallas, Texas 75219
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code:  (214) 559-0300
 
N/A
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Units Representing Limited Partnership Interest
 
DMLP
 
NASDAQ Global Select Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
 
Emerging growth company         ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.         ☐
 
 

 
Item 2.02
Results of Operations and Financial Condition
 
The Registrant is furnishing its press release dated November 5, 2026, which announces the Registrant's results for the quarter ended September 30, 2026.  The press release is attached hereto as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.
 
Item 7.01
And 9.01
Regulation FD Disclosure and Financial Statements and Exhibits
 
 
(c)
Exhibits
 
Exhibit No.
Description
   
99.1
Press Release dated November 5, 2026, announcing the Registrant's results for the quarter ended September 30, 2026. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

See Item 2.02. Results of Operations and Financial Condition.
   
   
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
Limitation on Incorporation by Reference
 
In accordance with general instructions B.2 and B.6 of Form 8-K, the information disclosed in this report under Item 7.01, including Exhibit 99.1 and 99.2, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended.
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
DORCHESTER MINERALS, L.P.
Registrant
 
by  Dorchester Minerals Management LP
its General Partner,
by  Dorchester Minerals Management GP LLC
its General Partner
Date: November 5, 2026
By:
/s/ Leslie A. Moriyama
Leslie A. Moriyama
Chief Financial Officer
 
 
 
 

Exhibit 99.1

 

 

NEWS RELEASE

  Dorchester Minerals, L.P.

 

Release Date:

November 5, 2026

3838 Oak Lawn Ave., Suite 300

   

Dallas, Texas 75219-4541

Contact:

Martye Miller

(214) 559-0300

 


 

Dorchester Minerals, L.P. Announces Third Quarter Results

 

DALLAS, TEXAS -- 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.

 

 

Filing Exhibits & Attachments

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