Dorchester Minerals, L.P. is a publicly traded Delaware limited partnership that commenced operations on January 31, 2003, upon the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P. and Spinnaker Royalty Company, L.P. Dorchester Hugoton was a publicly traded Texas limited partnership, and Republic and Spinnaker were private Texas limited partnerships. We have established a website at www.dmlp.net that contains the last annual meeting presentation. You may obtain all current filings free of charge through our website. We will provide electronic or paper copies of our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished to the Securities and Exchange Commission (“SEC”) free of charge upon written request at our executive offices.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 153M | 153M | 162M | 164M | 171M | 93M |
| Net Income | 57M | 57M | 92M | 114M | 131M | 70M |
| EPS | $1.16 | $1.16 | $2.13 | $2.85 | $3.35 | $1.94 |
| Free Cash Flow | 132M | 132M | 133M | 140M | 147M | 70M |
| ROIC | - | - | - | - | - | - |
| Gross Margin | 88.2% | 88.2% | 89.8% | 92.5% | 92.5% | 91.9% |
| Debt/Equity | 0.00 | - | - | - | - | - |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 49M | 49M | 43M | 40M | 39M | 36M |
DORCHESTER MINERALS, L.P. passes 2 of 9 quality checks, indicating weak fundamentals.
DORCHESTER MINERALS, L.P. trades at 24.4x trailing earnings, compared to its 15-year median P/E of 7.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 10.6x vs a median of 6.2x. The company's 5-year average gross margin is 91.0%. At current prices, the estimated annualized return to fair value is +14.3%.
DORCHESTER MINERALS, L.P. (DMLP) has a current P/E ratio of 24.4, compared to its historical median P/E of 7.9. The stock is currently considered Expensive based on its historical valuation range.
DORCHESTER MINERALS, L.P. (DMLP) has a market capitalization of $1.4B. It is classified as a small-cap stock.
DORCHESTER MINERALS, L.P. (DMLP) does not currently pay a regular dividend.
Based on historical P/E analysis, DORCHESTER MINERALS, L.P. (DMLP) appears expensive. The current P/E of 24.4 is 209% above its historical median of 7.9. The estimated fair value CAGR (P/E method) is 11.2%.
DORCHESTER MINERALS, L.P. (DMLP) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
DORCHESTER MINERALS, L.P. (DMLP) reported annual revenue of $153 million in its most recent fiscal year, based on SEC EDGAR filings.
DORCHESTER MINERALS, L.P. (DMLP) has a net profit margin of 37.5%. This is a strong margin indicating high profitability.
DORCHESTER MINERALS, L.P. (DMLP) generated $132 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
DORCHESTER MINERALS, L.P. (DMLP) reported earnings per share (EPS) of $1.16 in its most recent fiscal year.
DORCHESTER MINERALS, L.P. (DMLP) has a 5-year average gross margin of 91.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for DORCHESTER MINERALS, L.P. (DMLP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
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