DMLP Research | Milton Maxwell

DMLP

Dorchester Minerals, L.P.

21.65

-0.41-1.86%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

1.04B

P/E (TTM)

20.05

Basic EPS (TTM)

1.08

Dividend Yield

0.13%

Recent Filings

8-K

Settles litigation, gains $15.5M

3/16/26Mar 16, 2026

Dorchester Minerals settled ordinary course litigation over Midland County, Texas leasehold on March 12, 2026. The Operating Partnership pocketed $15.5 million in proceeds. Cash boosts April 2026 Net Profits Interest payment. Litigation resolved cleanly.

8-K

Nasdaq compliance restored

3/2/26Mar 2, 2026

Dorchester Minerals resolved its Nasdaq audit committee deficiency after C.W. Russell's death in October 2025 reduced members to two. A. Troy Sturrock joined the Board and Advisory Committee on February 11, 2026. Nasdaq confirmed compliance on February 27, 2026. Issue closed.

10-K

FY2025 results

2/24/26Feb 24, 2026

Dorchester Minerals closed FY2025 ended December 31, 2025 with PDP reserves of 6,246 Mbbl oil, 31,239 MMcf gas, and 1,928 Mbbl NGL, projecting $478.5M future net cash flow (10% PV $251M). Acquisitions accelerated in 2025, adding 3,050 net royalty acres in Colorado via 916K common units on August 29—yet operators control all development. Debt-free, it distributes 100% available cash quarterly. Q4 momentum hinges on operator drilling. Volatility in oil prices threatens distributions.

8-K

2025 net income drops sharply

2/24/26Feb 24, 2026

Dorchester Minerals reported 2025 net income of $57.4 million, or $1.16 per common unit, down from $92.4 million and $2.13 in 2024 as revenues fell to $152.8 million from $161.5 million. Proved reserves stood at 15.6 mmboe, with 86% from Royalty Properties and 61% oil/liquids—all proved developed producing. It distributed $133.5 million to unitholders. Reserves held steady.

8-K

Appoints Sturrock to board

2/17/26Feb 17, 2026

Dorchester Minerals filled its board vacancy with A. Troy Sturrock, an independent manager appointed February 11, 2026, following C.W. Russell's death last October. Sturrock, 55, offers 25 years in accounting and 20 in midstream energy as Energy Transfer's top controller. Board gains financial expertise. He joins the advisory committee on standard terms.

About

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 594 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership. Dorchester Minerals Management LP serves as the general partner of Dorchester Minerals, L.P. The company was founded in 1982 and is based in Dallas, Texas.

CEO

Mr. Bradley J. Ehrman

IPO

2/3/2003

Website

https://www.dmlp.net

Employees

Sector

Energy

Industry

Oil & Gas E&P