Dorchester Minerals L.p
Dorchester Minerals L.p (DMLP) is listed on NASDAQ and classified in Oil & Gas E&P, part of the Energy sector. It is headquartered in Dallas, United States and has 26 employees. The company is worth $1.49B and trades at 17.4x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $152.83M in fiscal 2025, down 5.4% from the year before. Net income was $57.35M. The share price is within 3% of its 52-week high. It pays a dividend yielding 10.48%. One of the 38 superinvestors we track held it at the end of Q2 2026: Ken Griffin (Citadel Advisors), at $3.24M. In that quarter, 1 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +71.1% over 5Y.
today you would have $2,727.41▲ +172.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $22.36 | $33.33 | $31.83 | $29.93 | $19.79 | $10.91 | $19.51 | $14.64 | $15.20 | $17.55 | $9.89 | $25.53 | $25.98 | $20.33 | $22.66 | $27.47 | $21.28 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 13.7% a year plus a 10.5% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
Median P/E of 16.9 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FLNGFlex LNG Ltd. | $27.94 | 14.7x | 2.2x | 10.74% | 14.03% | $1.51B |
| PBTPermian Basin Royalty Trust | $33.14 | 94.7x | 11046.7x | 0.72% | 9976.58% | $1.54B |
| TENTsakos Energy Navigation Ltd | $51.65 | 5.2x | 0.8x | 3.87% | 17.22% | $1.56B |
| NEXTNextDecade Corp | $5.91 |
| 16.9x |
| 19.3x |
| 15.6x |
| 11.2x |
| 8.9x |
| 10.2x |
| 17.9x |
| 13.0x |
| 9.1x |
| 12.9x |
| 26.6x |
| 23.5x |
| 18.0x |
| 19.0x |
| 16.9x |
| 17.0x |
| — |
| — |
| P/S | 7.9x | 7.1x | 9.8x | 7.7x | 6.7x | 7.8x | 8.1x | 8.6x | 6.4x | 8.6x | 14.3x | — | — | — | — | — | — | — |
| EPS | $1.16 | $2.13 | $2.85 | $3.35 | $1.94 | $0.61 | $1.50 | $1.61 | $1.18 | $0.66 | $0.42 | $1.42 | $1.37 | $1.20 | $1.33 | — | — |
| Dividend yield | 8.80% | 12.41% | 10.47% | 10.67% | 11.68% | 7.75% | 12.75% | 10.32% | 11.86% | 7.61% | 4.88% | 11.67% | 7.46% | 6.67% | 8.80% | 7.30% | 6.02% | 7.05% |
| Payout | 129.70% | 239.22% | 163.76% | 119.16% | 104.39% | 79.07% | 228.03% | 134.20% | 107.89% | 97.97% | 129.70% | 274.76% | 134.08% | 126.42% | 149.17% | 124.36% | — | — |
| Profit margin | 67.01% | 37.53% | 57.24% | 69.67% | 76.47% | 75.11% | 46.60% | 66.96% | 73.57% | 67.07% | 55.83% | — | — | — | — | — | — | — |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 2.4% a year against a 7.0% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+46.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| — |
| 0.00% |
| -15.76% |
| $1.57B |
| GFRGreenfire Resources Ltd. | $6.57 | — | 1.0x | 0.00% | -3.63% | $1.58B |
| BORRBorr Drilling Ltd | $4.54 | — | 1.5x | 0.00% | -24.68% | $1.4B |