DORCHESTER MINERALS, L.P. · Oil and gas

DMLP

Low riskNext report: Around Jan 21, 2027 (est.)

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The short version

A high-quality, profitable business with growing sales. Institutions are adding.

Going well

Sales up 73% in the latest quarter vs a year ago
Profitable every year for 10 years
Sales growth speeding up

Money moves

No insider buying or selling in the last 30 days
Institutions added 6.2% to their holdings in the quarter ending June 2026 (61 bought, 41 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$30.60-0.4% that day

Company value: $1.5B; Share price times all shares
Price vs profit (P/E): 17.4x; You pay about $17 for each $1 of yearly profit
Price vs sales: 7.8x; Company value is 7.8 times a year of sales
Cash vs value: 5%; Cash as a share of company value

From DMLP's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$56.1M+73% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $192.2M, up 14% from the 12 months before. Over 5 years, sales grew about 27% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of DMLP. Starting points are the company's recent numbers.

Sales growth+14% a yearRecently: +14% a yearProfit margin45%Last 12 months: 45.5%P/E at the end17xToday: 17.4x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$370M

Profit in 5 years$167M

Price these guesses point to$57.67+88% vs $30.60 todayAbout +14% a year, before dividends

What today's price needs: with a 45% margin and a 17x P/E, sales would have to grow about 0.4% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/4Strong

PassDebt under half of equityNot relying on borrowed money.No debt reported
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.37.5%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$132.5M

Revenue: $152.8M; -5.4% vs prior year
5-year growth: +26.6%/yr; revenue, per year
Total debt: None
Current ratio: 15.54x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Oct 22After close4:14 pm ET

From the press release

The distribution of $0.882297 per common unit represents activity for the three-month period ended September 30, 2026 and is payable on November 12, 2026 to common unitholders of record as of November 2, 2026.
Approximately 80% of these receipts reflect oil sales during June 2026 through August 2026 and natural gas sales during May 2026 through July 2026, and approximately 20% from prior sales periods.
Approximately 50% of these receipts reflect oil sales and natural gas sales during May 2026 through July 2026, and approximately 50% from prior sales periods.

The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗