Dorchester Minerals, L.P. share price today

Dorchester Minerals, L.P.'s share price was $27.80 at the close on 4 November 2026. That is 1.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between $22 and $31, and at that close it sat 67% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 12 weeks in a row.

Over the last 1 year the share price moved +1% while the S&P 500 moved +23%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Dorchester Minerals, L.P. paid $3.19 per share over the last four reported quarters. The most recent declaration was $1.27 for Jun 2026. At today's price of $27.80 that is a yield of 11.47%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Dorchester Minerals, L.P. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Dorchester Minerals, L.P. earned $29.8 M of net profit in the Jun 2026 quarter, +150.6% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY25 profit was $55.3 M. Over 4 years profit has grown −5.0% a year on average. That is 53.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned $11.9 M.

For the full year, FY25 profit was $55.3 M (−38.1% on the year before).

Why profit moved: revenue changed +73.1% on a year earlier and the margin moved +17.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +40.3% and revenue +21.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.

Dorchester Minerals, L.P. reported $56.1 M of revenue in the Jun 2026 quarter, +73.1% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 4 years it has grown 13.1% a year on average. The last full year, FY25, came in at $147 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $186 M.

FY25 revenue was $147 M, −4.9% on the year before.

Recent pace: the last four quarters grew +21.3% on average, against 13.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.2%, against +9.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +8.6%, against −10.0% a year (accelerating).

Dorchester Minerals, L.P.'s operating margin was 55.1% in the Jun 2026 quarter, 17.0 percentage points higher than the same quarter a year ago. Across 5 years it has been between 39.0% and 79.5%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +17.0 percentage points on the year while gross margin changed −2.2 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 159% of Dorchester Minerals, L.P.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $132 M of operating cash against $55.3 M of profit. After null of spending on assets, $132 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Dorchester Minerals, L.P. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Dorchester Minerals, L.P.'s P/E is 15.8×, near the low end of its own history: it has been lower only 26% of the time. Its usual P/E (the middle reading) is 19.4×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −45.7% while the price moved +20.6%. The price did better than earnings, which pushed the multiple up within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Dorchester Minerals, L.P.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 27.9%; each line tells part of the story. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Dorchester Minerals, L.P. earned a ROE of 18% in FY25. Its return on capital used (ROIC) is 9.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 37.6% net margin and 0.47× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a 37.6% net margin × 0.47× asset turnover × 1.01× leverage (assets divided by equity) ≈ 17.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 17.4% − 7.6% = +9.8 percentage points. The 7.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value.

Dorchester Minerals, L.P. has total debt of $3.5 M against shareholder equity of $304 M as of Jun 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.01 in FY21 to 0.00 in FY25. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

1.0% of Dorchester Minerals, L.P.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 5.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

For Dorchester Minerals, L.P., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

There is no score against its industry: Dorchester Minerals, L.P. is not among the largest members shown in this industry comparison for Oil & Gas Exploration & Production.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Dorchester Minerals, L.P. is the 35th largest of 57 Oil & Gas Exploration & Production companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Kimbell Royalty Partners, LP, Mach Natural Resources LP and Vermilion Energy Inc. Just below it: Greenfire Resources, Kosmos Energy and GeoPark.

Oil & Gas Exploration & Production companies close in size

32. Kimbell Royalty Partners, LP $1.9 billion
33. Mach Natural Resources LP $1.7 billion
34. Vermilion Energy Inc. $1.6 billion
35. Dorchester Minerals, L.P. $1.4 billion
36. Greenfire Resources Ltd. $1.4 billion
37. Kosmos Energy Ltd. $1.3 billion
38. GeoPark Limited $1 billion

All 57 Oil & Gas Exploration & Production companies, largest first

Companies close in size in other industries

2239. Edgewell Personal Care Company $1.4 billion · Household & Personal Products
2240. The Greenbrier Companies, Inc. $1.4 billion · Railroads
2241. Dorchester Minerals, L.P. $1.4 billion
2242. STAAR Surgical Company $1.4 billion · Medical Instruments & Supplies
2243. Greenfire Resources Ltd. $1.4 billion · Oil & Gas Exploration & Production

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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