Welcome to our dedicated page for DORCHESTER MINERALS, L.P. SEC filings (Ticker: DMLP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Dorchester Minerals, L.P. filings document a publicly traded limited partnership whose common units represent ownership in a business holding crude oil and natural gas mineral, royalty, overriding royalty, net profits and leasehold interests. Form 8-K reports furnish quarterly and annual results, common-unit distribution announcements, Regulation FD releases, financial exhibits and other events tied to Royalty Properties and Net Profits Interests.
The filing record also covers partnership governance through definitive proxy materials and board-related Form 8-K disclosures. These records describe the general partner’s board and advisory committee structure, audit committee listing-rule compliance, indemnity arrangements, compensation disclosures and material events such as settlements involving leasehold interests held by Dorchester Minerals Operating LP.
Dorchester Minerals, L.P. filed a current report describing its 2026 Annual Meeting of Limited Partners and a related investor presentation. The meeting will be held on May 13, 2026 at 2:00 pm Central Time in Dallas, Texas, with CEO Bradley Ehrman and other employees presenting historical financial and operational information.
The slide deck for the 2026 investor presentation is furnished as Exhibit 99.1 to this report under Regulation FD and is expressly treated as “furnished,” not “filed,” under federal securities laws.
DORCHESTER MINERALS, L.P. Chief Executive Officer Bradley J. Ehrman indirectly bought 4,000 Common Units at $26.78 per unit through Quiscalus Ventures, LLC, where he is the sole member. After this open-market purchase, he holds 142,723 Common Units indirectly and 15,192 Common Units directly, including units in his individual name, IRA or Keogh Plan.
Dorchester Minerals, L.P. reported strong first‑quarter 2026 results as higher production and NPI volumes lifted performance. Operating revenues rose to $58.9M from $43.2M a year earlier, driven by increased oil volumes from acquired Rockies and Permian properties and higher NPI volumes.
Net income increased to $29.1M, up from $17.6M, with earnings of $0.59 per common unit versus $0.36. Depreciation, depletion and amortization also climbed as more reserves were produced from a larger asset base, including prior S‑4 unit‑for‑asset acquisitions.
Operating cash flow declined to $23.9M from $33.4M, mainly because receivables and NPI amounts grew faster than cash collections. Cash and cash equivalents were $28.2M at March 31, 2026. The partnership declared a first‑quarter 2026 cash distribution of $0.475036 per common unit, payable May 14, 2026.
Dorchester Minerals, L.P. reported strong first quarter 2026 results, with net income of $29,137,000, or $0.59 per common unit, for the quarter ended March 31, 2026. Operating revenues were $58,875,000, compared with $43,164,000 for the same quarter in 2025, reflecting substantial year-over-year growth.
The Partnership previously declared a first quarter cash distribution of $0.475036 per common unit, payable on May 14, 2026 to unitholders of record as of May 4, 2026. Management notes that cash distributions are not directly comparable to net earnings because of timing differences and non-cash items such as depletion.
Dorchester Minerals, L.P. is paying a first quarter 2026 cash distribution of $0.475036 per common unit. This distribution reflects activity for the three-month period ended March 31, 2026 and will be paid on May 14, 2026 to unitholders of record as of May 4, 2026.
During the quarter, cash receipts from the Partnership’s Royalty Properties totaled approximately $26.6 million, with average realized prices of $51.79 per barrel for oil and $2.27 per mcf for natural gas. About 76% of these receipts came from recent oil and gas sales and 24% from prior periods. Cash receipts from lease bonus and other income were about $1.4 million, while no cash receipts were recorded from the Partnership’s Net Profits Interests due to capital expenditures reserved for Bakken drilling commitments.
The release also reiterates that distributions to non-U.S. investors are treated as effectively connected income for U.S. tax purposes and subject to withholding at the highest applicable marginal rate, with brokers and nominees responsible as withholding agents.
Dorchester Minerals, L.P. is calling its 2026 Annual Meeting of Limited Partners for May 13, 2026 in Dallas. Holders of 48,255,450 common units as of March 20, 2026 can vote on three items: electing three managers who will also serve on the Advisory Committee, approving Grant Thornton LLP as independent auditor for 2026, and a non-binding “Say‑on‑Pay” advisory vote on executive compensation.
The proxy details 2025 pay for key executives. CEO Bradley Ehrman received total compensation of $1,633,680, while CFO Leslie Moriyama received $1,522,160, including cash bonuses and equity awards. Effective January 1, 2026, their base salaries increased to $465,000 and $430,000. The disclosed pay ratio shows CEO compensation at 8.3 times the median employee’s $187,752. The filing also presents “pay versus performance” data, with net income of $57,352,000 in 2025, below prior years, alongside total unitholder return and peer index comparisons.
Dorchester Minerals, L.P. entered into a settlement and mutual release agreement with unrelated third parties to resolve ordinary course litigation involving certain leasehold in Midland County, Texas. The affected leasehold is owned by Dorchester Minerals Operating LP and is subject to the Partnership’s Net Profits Interest.
In connection with this settlement, the Operating Partnership received $15.5 million of proceeds. This amount will be included in the calculation of the April 2026 Net Profits Interest payment to Dorchester Minerals, L.P., providing an incremental cash inflow tied to that distribution period.
Dorchester Minerals, L.P. reports that it has regained compliance with Nasdaq audit committee requirements after filling a board and committee vacancy created by a director’s death.
Independent manager C.W. “Bill” Russell, who served on the Board and Advisory Committee of the general partner, passed away on October 30, 2025, leaving the Advisory Committee with two members instead of the three independent members required by Nasdaq Listing Rules 5615(a)(4)(C) and 5605(c)(2)(A). The Partnership notified Nasdaq on November 3, 2025, and Nasdaq formally acknowledged the non-compliance and granted a cure period on November 10, 2025.
On February 11, 2026, A. Troy Sturrock was appointed to the Board and the Advisory Committee, restoring the committee to three members. On February 27, 2026, Nasdaq sent a letter acknowledging Mr. Sturrock’s appointment, confirming that Dorchester Minerals is now compliant with the applicable listing rules and that the matter is closed.
Dorchester Minerals, L.P. files its annual report describing a royalty-focused oil and natural gas partnership that owns mineral, royalty and net profits interests in 28 states, with 48,255,450 common units outstanding as of February 24, 2026.
The partnership grows primarily by acquiring additional mineral and royalty acreage in exchange for common units, including recent non-taxable S-4 equity deals in Colorado, New Mexico and Texas totaling tens of thousands of net acres. It has no credit facility and generally avoids debt, instead relying on equity issuances already registered for future acquisitions.
Dorchester distributes 100% of available cash each quarter, subject to modest reserves, but cash flow is highly sensitive to volatile oil and gas prices and to operators’ capital decisions, since it does not operate wells or hedge commodity prices. Significant regulatory, environmental, cybersecurity and climate-related developments, plus concentrated exposure to large customers and regions like the Bakken and Permian, are highlighted as key risks.
Dorchester Minerals, L.P. reported full-year 2025 net income of $57.4 million, or $1.16 per common unit, down from $92.4 million, or $2.13 per unit, in 2024. Operating revenues declined to $152.8 million from $161.5 million, reflecting weaker overall results.
As of December 31, 2025, the Partnership’s independent engineering consultant estimated total proved oil and natural gas reserves at 15.6 million barrels of oil equivalent, 61% of which are oil and natural gas liquids and all classified as proved developed producing. About 86% of reserves are tied to Royalty Properties and 14% to Net Profits Interests.
From May 2025 through February 2026, Dorchester Minerals distributed $133.5 million to common unitholders attributable to 2025 activity, highlighting substantial cash distributions despite lower earnings.