Dorchester Minerals, L.P. (DMLP) Stock Price & Analysis
Dorchester Minerals, L.P. (DMLP) closed at USD 29.98 on Thursday, October 22, 2026, up 0.00% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 29.98; the Oct 22, 2026 session ranged USD 29.7–30.25 on volume of 49,327 shares. Market capitalization is —, with a 52-week range of USD 20.85–30.54 (NMS). Source: Nexqual, retrieved October 23, 2026 at 12:51 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DMLP.md
Key facts (DMLP)
- Last four reported quarters (through Jun 30, 2026): revenue $192M, net income $87.4M (45.5% margin) (SEC filings).
- Insider open-market purchases, last ~7 months: 4 Form 4 filings, $673K; 1 by opportunistic insiders, 3 by routine insiders.
- Total return with dividends: 1Y +35.8% vs S&P 500 +14.9%; 5Y +161.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD —, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DMLP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $93.4M | $171M | $164M | $162M | $153M | $192M |
| Net income | $70.2M | $131M | $114M | $92.4M | $57.4M | $87.4M |
| EPS (diluted) | $1.94 | — | — | — | — | — |
| Net margin | 75.1% | 76.5% | 69.7% | 57.2% | 37.5% | 45.5% |
| Revenue growth | +99.1% | +82.8% | -4.1% | -1.4% | -5.4% | — |
| Cash + short-term investments | $28.3M | $40.8M | $47.0M | $42.5M | $41.9M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DMLP)
Insider purchases (SEC Form 4, open-market, last ~7 months) (DMLP)
4 purchases, $673K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-19 | Moriyama Leslie A | Chief Financial Officer | 5,197 | $147K | 28.3 | Routine (bought in Nov each year 2023–2025; this trade is outside those months) |
| 2026-06-01 | Dorchester Minerals Operating Lp | 7,500 | $207K | 27.56 | Routine (bought in Dec each year 2023–2025; this trade is outside those months) | |
| 2026-05-20 | Dorchester Minerals Operating Lp | 7,500 | $212K | 28.3 | Routine (bought in Dec each year 2023–2025; this trade is outside those months) | |
| 2026-05-12 | Ehrman Bradley J | Chief Executive Officer | 4,000 | $107K | 26.78 | Opportunistic (traded every year 2023–2025, no repeating month) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Total return (dividends reinvested) (DMLP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +35.8% | +161.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +35.9% | +21.2% |
| Volatility (annualized) | 23.2% | 28.2% |
| Max drawdown | -13.6% (Oct 2025→Nov 2025) | -29.4% (Nov 2024→Nov 2025) |
DMLP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Royalties | $43.9M | 78.3% | +79.7% |
| — Royalties Oil (part of Royalties) | $43.6M | 77.8% | +93.3% |
| — Royalties Natural Gas (part of Royalties) | $278,000 | 0.5% | -85.1% |
| Net Profit Interests | $9.6M | 17.1% | +152.6% |
| Other Revenue | $1.4M | 2.4% | +186.9% |
| Lease Bonus | $1.2M | 2.2% | -66.6% |
| Total revenue | $56.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DMLP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Dorchester Minerals Management GP | “Our general partner is Dorchester Minerals Management LP, which is managed by its general partner, Dorchester Minerals Management GP LLC.” |
Quoted from the company's 10-K filed Feb 24, 2026.
Companies that name DMLP in their SEC reports
| Relationship to DMLP | Company | Filing | Sentence |
|---|---|---|---|
| partner | ALLIANCE RESOURCE PARTNERS LP (ARLP) | 10-K Feb 26, 2026 | “For 2025, the peer group consisted of the following companies: Alpha Metallurgical Resources, Inc., Black Stone Minerals, L.P., CORE Natural Resources, Inc., Dorchester Minerals, L.P., Kimbell Royalty Partners, LP, Natural Resource Partners L.P., Peabody, Sitio Royalties Corp., and Warrior Met Coal, Inc. In assessing the competitiveness of our executive compensation program for 2025, the Compensation Committee, wi…” |
| partner | Energy Transfer LP (ET) | 10-K Feb 19, 2026 | “In 2026, Mr. Sturrock was elected to the board of directors of Dorchester Minerals, L.P. (Nasdaq: DMLP), a publicly traded partnership that owns crude oil and natural gas interests in 28 states.” |
DMLP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends Dec 2011) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |
DMLP options: expected move
Options price a move of about ±8.7% (±$2.61) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±2.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 34.1% | ±8.7% |
| Feb 19, 2027 | 119 | 26.6% | ±12.4% |
| May 21, 2027 | 210 | 23.8% | ±13.4% |
30-day implied volatility 22% vs 20.4% realized over the last 30 trading days. Put/call ratio (volume) 0.06. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 12:51 UTC)
| Price | USD 29.98 |
|---|---|
| Change | ▲ 0.00% (up) |
| Previous Close | USD 29.98 |
| Open | USD 29.98 |
| Day Range | USD 29.7 – 30.25 |
| 52-Week Range | USD 20.85 – 30.54 |
| Volume | 49,327 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (DMLP)
Nexqual's technical model rates DMLP "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 12:51 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 56.52 (neutral) |
| vs SMA50 | Above (USD 29.19) |
| MACD | 0.32 (positive) |
Earnings (DMLP)
| Next Earnings Date | 2026-11-05 |
|---|
Source: Nexqual, October 23, 2026 at 12:51 UTC.
Financials & Fundamentals (DMLP)
| Total Revenue | $186.39M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +73.10% |
| Gross Margin | +92.89% |
| Operating Margin | +55.05% |
| Profit Margin | +45.30% |
| ROE | +28.02% |
| Debt / Equity | 0.01 |
| Current Ratio | 13.85 |
| Total Cash | $72.50M |
| Total Debt | $3.49M |
Source: Nexqual, October 23, 2026 at 12:51 UTC.
Ownership (DMLP)
| Insider Ownership | +5.93% |
|---|---|
| Institutional Ownership | +25.74% |
| Shares Outstanding | 49.09M |
| Float | 46.13M |
| Short % of Float | +0.80% |
Source: Nexqual, October 23, 2026 at 12:51 UTC.
From Dorchester Minerals, L.P.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- Our partnership agreement allows us to grow by acquiring additional oil and natural gas properties, subject to the limitations described below.
Partnerships
- On March 28, 2024, pursuant to a non-taxable contribution and exchange agreement with multiple unrelated third parties, the Partnership acquired mineral interests totaling approximately 1,485 net royalty acres located in two counties in Colorado in exchange for 505,369 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership's registration statement on Form S-4.
- On September 30, 2024, pursuant to a non-taxable contribution and exchange agreement with an unrelated third party, the Partnership acquired royalty interests totaling approximately 1,204 net royalty acres located in Weld County, Colorado in exchange for 530,000 common units representing limited partnership interests in the Partnership issued pursuant to the Partnership's registration statement on Form S-4.
Legal & Regulatory Risks (Item 1A, quoted)
- Environmental costs and liabilities and changing environmental regulation could affect our cash flow.
- The following is a summary of some of the existing environmental laws, rules and regulations that apply to oil and natural gas operations, and that may indirectly affect our cash flow.
- The potential adoption of federal and state hydraulic fracturing laws or executive orders could delay or restrict development of our oil and natural gas properties.
- Climate change legislation or regulations could result in increased operating costs and reduced demand for the oil and natural gas production from our properties.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SBR | Sabine Royalty Trust | USD 72.25 | ▼ 0.55% |
| MTR | Mesa Royalty Trust | USD 2.07 | ▲ 6.15% |
| CRT | Cross Timbers Royalty Trust | USD 13.6 | ▼ 2.58% |
| BSM | Black Stone Minerals, L.P. | USD 14.71 | ▲ 0.82% |
| GLP | Global Partners LP | USD 48.53 | ▼ 0.8% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 12:51 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt