Dorchester Minerals, L.P. (DMLP) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, Dorchester Minerals reported revenue of $152.8M, down 5.4% from $161.5M the year before. Net income was $57.4M (a 37.5% net margin). Gross margin was 37.5% and operating margin was 37.5%. Operating activities generated $132.5M of cash. At fiscal year end, Dorchester Minerals held $309.6M in total assets against $4.3M in total liabilities, including $41.9M of cash and equivalents.
Open the full interactive Dorchester Minerals financials → Quarterly statements, key ratios, valuation history and price charts.
Dorchester Minerals Key Stats
| Share Price | $30.16 |
|---|---|
| Market Cap | $1.46B |
| P/E Ratio | 26.0 |
| Revenue YoY Growth | -5.4% |
| 52-Week Range | $19.34 – $30.41 |
| Shares Outstanding | 48.3 million (basic, 2026 Q2) |
Dorchester Minerals Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $46.9M | $93.4M | $170.8M | $163.8M | $161.5M | $152.8M |
| Cost of Goods Sold | $25.1M | $23.2M | $40.2M | $49.7M | $69.1M | $95.5M |
| Gross Profit | $21.9M | $70.2M | $130.6M | $114.1M | $92.4M | $57.4M |
| Operating Income | $14.4M | $65.0M | $122.4M | $103.0M | $80.5M | $57.4M |
| Pre-Tax Income | $21.9M | $70.2M | $130.6M | $114.1M | $92.4M | $57.4M |
| Net Income | $21.9M | $70.2M | $130.6M | $114.1M | $92.4M | $57.4M |
| Diluted EPS | $0.61 | $1.94 | — | — | — | — |
Dorchester Minerals Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $35.4M | $41.9M | $58.9M | $56.1M |
| Net Income | $11.2M | $16.2M | $29.1M | $30.9M |
Dorchester Minerals Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.2M | $28.3M | $40.8M | $47.0M | $42.5M | $41.9M |
| Current Assets | $18.2M | $46.7M | $62.5M | $69.7M | $67.8M | $58.9M |
| Total Assets | $88.3M | $146.8M | $176.2M | $191.1M | $366.8M | $309.6M |
| Current Liabilities | $1.9M | $2.8M | $3.4M | $4.5M | $4.2M | $3.8M |
| Total Liabilities | $3.8M | $4.4M | $4.7M | $5.5M | $5.0M | $4.3M |
| Shareholders' Equity | $84.6M | $142.4M | $171.5M | $185.6M | $361.8M | $305.2M |
Dorchester Minerals Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $39.4M | $70.3M | $147.1M | $139.8M | $132.6M | $132.5M |
| Cash From Investing | $6.1M | $2.6M | $2.1M | $2.3M | — | — |
Figures from Dorchester Minerals' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Dorchester Minerals financials page for every line item.
Dorchester Minerals Company Profile
| Ticker | DMLP |
|---|---|
| Exchange | Nasdaq |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Dallas, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001172358 |
Frequently Asked Questions
What was Dorchester Minerals' revenue in fiscal 2025?
Dorchester Minerals (DMLP) reported revenue of $152.8M for fiscal 2025.
What is Dorchester Minerals' annual revenue history?
Dorchester Minerals' annual revenue by fiscal year: 2020: $46.9M; 2021: $93.4M; 2022: $170.8M; 2023: $163.8M; 2024: $161.5M; 2025: $152.8M.
What was Dorchester Minerals' net income in fiscal 2025?
Dorchester Minerals reported net income of $57.4M for fiscal 2025.
What was Dorchester Minerals' revenue last quarter?
In its most recent reported quarter (2026 Q2), Dorchester Minerals reported revenue of $56.1M.
How many shares of Dorchester Minerals are outstanding?
Dorchester Minerals reported a weighted average of 48.3 million basic shares outstanding in 2026 Q2.
What is Dorchester Minerals' market cap?
Based on its latest closing price, Dorchester Minerals (DMLP) has a market capitalization of about $1.46B.
When does Dorchester Minerals' fiscal year end?
Dorchester Minerals' fiscal year end, as registered with the SEC, is December 31.
Where is Dorchester Minerals headquartered?
Dorchester Minerals lists its business address in Dallas, Texas in its SEC filings.