Dorchester Minerals, L.P. (DMLP)DMLPDorchester Minerals, L.P.

Financials

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	168.543M	58.875M	41.857M	35.416M	32.395M	43.164M	39.712M	53.472M	37.360M
Cost of Goods Sold	69.435M	25.474M	22.407M	4.328M	17.226M	21.206M	22.243M	4.135M	11.181M
Gross Profit	99.108M	33.401M	19.450M	31.088M	15.169M	21.958M	17.469M	49.337M	26.179M
Gross Profit Margin	56.7%	56.7%	46.5%	87.8%	46.8%	50.9%	44.0%	92.3%	70.1%
Total Operating Expenses	13.272M	4.264M	3.260M	2.926M	2.822M	4.316M	3.228M	12.924M	2.551M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	10.269M	1.261M	3.260M	2.926M	2.822M	4.316M	3.228M	2.883M	2.551M
Operating Income (EBIT)	85.836M	29.137M	16.190M	28.162M	12.347M	17.642M	14.241M	36.413M	23.628M
Operating Margin	49.5%	49.5%	38.7%	79.5%	38.1%	40.9%	35.9%	68.1%	63.2%
Income Before Tax (EBT)	68.847M	29.137M	16.190M	11.173M	12.347M	17.642M	14.241M	36.413M	23.628M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	—	—	—	—	—	—	—	—	—
Other Income/Expense	-16.989M	0.00	0.00	-16.989M	0.00	0.00	0.00	0.00	0.00
Net Income	68.847M	29.137M	17.038M	10.767M	11.905M	17.642M	13.696M	35.140M	23.628M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	49.5%	49.5%	40.7%	30.4%	36.7%	40.9%	34.5%	65.7%	63.2%
EBITDA	156.284M	50.044M	34.033M	45.151M	27.056M	34.401M	32.202M	46.454M	31.294M
EBITDA Margin	85.0%	85.0%	81.3%	127.5%	83.5%	79.7%	81.1%	86.9%	83.8%
Depreciation & Amortization	70.448M	20.907M	17.843M	16.989M	14.709M	16.759M	17.961M	10.041M	7.666M
EPS Basic	1.44	0.60	0.36	0.23	0.25	0.36	0.29	0.87	0.57
EPS Diluted	1.44	0.60	0.36	0.23	0.25	0.36	0.29	0.87	0.57
Shares Outstanding	48.256M	48.256M	47.654M	47.669M	47.340M	47.340M	47.340M	40.167M	40.088M
Diluted Shares Outstanding	48.256M	48.256M	47.654M	47.669M	47.340M	47.340M	47.340M	40.167M	40.088M

Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	152.832M	161.523M	163.799M	170.800M	93.423M	46.928M	78.799M	73.278M
Cost of Goods Sold	82.156M	57.143M	38.518M	31.972M	18.060M	17.602M	19.948M	14.458M
Gross Profit	70.676M	104.380M	125.281M	138.828M	75.363M	29.326M	58.851M	58.820M
Gross Profit Margin	46.2%	64.6%	76.5%	81.3%	80.7%	62.5%	74.7%	80.3%
Total Operating Expenses	13.324M	11.931M	11.164M	8.221M	5.189M	7.459M	6.086M	4.913M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	13.324M	11.931M	11.164M	8.221M	5.189M	7.459M	6.086M	4.913M
Operating Income (EBIT)	57.352M	92.449M	114.117M	130.607M	70.174M	21.867M	52.765M	53.907M
Operating Margin	37.5%	57.2%	69.7%	76.5%	75.1%	46.6%	67.0%	73.6%
Income Before Tax (EBT)	57.352M	92.449M	114.117M	130.607M	70.174M	21.867M	52.765M	53.907M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	—	—	—	—	—	—	—	—
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	57.352M	92.449M	110.389M	130.607M	70.174M	21.867M	52.765M	53.907M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	37.5%	57.2%	67.4%	76.5%	75.1%	46.6%	67.0%	73.6%
EBITDA	123.652M	135.216M	140.618M	149.899M	80.862M	34.016M	66.066M	62.854M
EBITDA Margin	80.9%	83.7%	85.8%	87.8%	86.6%	72.5%	83.8%	85.8%
Depreciation & Amortization	66.300M	42.767M	26.501M	19.292M	10.688M	12.149M	13.301M	8.947M
EPS Basic	1.20	2.13	2.85	3.35	1.94	0.61	1.50	1.67
EPS Diluted	1.20	2.13	2.85	3.35	1.94	0.61	1.50	1.67
Shares Outstanding	47.654M	41.811M	38.783M	37.624M	35.052M	34.680M	34.126M	32.280M
Diluted Shares Outstanding	47.654M	41.811M	38.783M	37.624M	35.052M	34.680M	34.126M	32.280M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Dorchester Minerals, L.P.

Dorchester Minerals, L.P. is engaged in the acquisition, ownership, and management of both producing and non-producing royalty, net profit, and leasehold interests related to natural gas and crude oil across the United States. Its extensive royalty holdings encompass mineral, royalty, and overriding royalty interests, spanning 582 counties and parishes in 26 states. The firm's net profits interests represent overriding royalty interests derived from the net earnings of properties held by the operating partnership. Dorchester Minerals Management LP serves as the general partner for Dorchester Minerals, L.P. This Dallas, Texas-based company was established in 1982.

Dallas, TX

27 employees

www.dmlp.net

Energy / Oil & Gas Exploration & Production

Sector: Energy
Industry: Oil & Gas Exploration & Production
CEO: Bradley J. Ehrman

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