# Dorchester Minerals, L.P. share price today (Dorchester Minerals, L.P., DMLP)

> Dorchester Minerals, L.P.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. DMLP · Energy · Oil & Gas Exploration & Production · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/dmlp

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $28.21 (+11.7% in a year)
- P/E: 16.1× (lower than 73% of the last 1 year)
- Revenue (Jun 2026): $56.1 M (+73.1% on a year ago)
- Profit (Jun 2026): $29.8 M (+150.6% on a year ago)
- Operating margin: 55.1% (+17.0 points on a year ago)
- ROE: 18%, FY25
- ROIC: 17.4%, against a 7.6% cost of capital: +9.8 points

The main question: the share price moved +11.7% in a year while yearly earnings per share moved −45.7%. The difference came from the market paying a higher multiple. ## What is the Dorchester Minerals, L.P. share price today? Dorchester Minerals, L.P.'s share price was $28.21 at the close on 3 November 2026. That is 2.8% 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 72% of the way up from that low. 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 +2% while the S&P 500 moved +21%, 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. ## What dividend does Dorchester Minerals, L.P. pay? 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 $28.21 that is a yield of 11.31%, based on dividends already paid, not a forecast. ## Which stock lists is Dorchester Minerals, L.P. on? 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. ## Is Dorchester Minerals, L.P. profitable? 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. 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. ## How much revenue does Dorchester Minerals, L.P. make, and is it growing? 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. 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). ## How much of every $100 of sales does Dorchester Minerals, L.P. keep? 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. 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. ## Is Dorchester Minerals, L.P.'s profit turning into cash? 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. 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. ## Where does Dorchester Minerals, L.P.'s cash go? 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. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Dorchester Minerals, L.P.'s P/E ratio, and how does it compare with its own history? Dorchester Minerals, L.P.'s P/E is 16.1×, near the low end of its own history: it has been lower only 27% 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. Why the multiple is where it is: over the past year earnings per share moved −45.7% while the price moved +11.7%. 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. ## Is the Dorchester Minerals, L.P. business getting better or worse? 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. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Dorchester Minerals, L.P. earn on its capital? 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). 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. ## Does Dorchester Minerals, L.P. have too much debt? 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. ## What is the Dorchester Minerals, L.P. shareholding pattern? 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. 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 holds the short positions or why, so we show the level without guessing the story. ## How far is Dorchester Minerals, L.P. from balance-sheet trouble? 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. ## How does Dorchester Minerals, L.P. rank in its industry? 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. ## Which companies is Dorchester Minerals, L.P. compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Dorchester Minerals, L.P. in size? Dorchester Minerals, L.P. is the 37th largest of 57 Oil & Gas Exploration & Production companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Mach Natural Resources LP, Kosmos Energy and Greenfire Resources. Just below it: HighPeak Energy, Inc., Riley Exploration Permian, Inc. and Infinity Natural Resources, Inc. ### Oil & Gas Exploration & Production companies close in size

1. [Mach Natural Resources LP](https://www.sectoralpha.in/us/stocks/mnr) $1.7 billion
2. [Kosmos Energy Ltd.](https://www.sectoralpha.in/us/stocks/kos) $1.5 billion
3. [Greenfire Resources Ltd.](https://www.sectoralpha.in/us/stocks/gfr) $1.5 billion
4. Dorchester Minerals, L.P. $1.4 billion
5. [HighPeak Energy, Inc.](https://www.sectoralpha.in/us/stocks/hpk) $1.1 billion
6. [Riley Exploration Permian, Inc.](https://www.sectoralpha.in/us/stocks/repx) $1 billion
7. [Infinity Natural Resources, Inc.](https://www.sectoralpha.in/us/stocks/inr) $863 million

[All 57 Oil & Gas Exploration & Production companies, largest first](https://www.sectoralpha.in/us/sectors/oil-gas-exploration-production#all-companies)

### Companies close in size in other industries

1. [Liquidity Services, Inc.](https://www.sectoralpha.in/us/stocks/lqdt) $1.4 billion · Internet Retail
2. [Stewart Information Services Corporation](https://www.sectoralpha.in/us/stocks/stc) $1.4 billion · Insurance - Property & Casualty
3. Dorchester Minerals, L.P. $1.4 billion
4. [Herbalife Ltd.](https://www.sectoralpha.in/us/stocks/hlf) $1.4 billion · Packaged Foods
5. [Bandwidth Inc.](https://www.sectoralpha.in/us/stocks/band) $1.4 billion · Software - Infrastructure

## What else do people ask about Dorchester Minerals, L.P.? ### What were Dorchester Minerals, L.P.'s latest quarterly results? Dorchester Minerals, L.P. reported revenue of $56.1 M and net profit of $29.8 M for the Jun 2026 quarter. Revenue rose 73.1% and profit rose 150.6% compared with a year earlier. Earnings per share were $0.62. The operating margin was 55.1%, 17.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Dorchester Minerals, L.P.'s market cap? Dorchester Minerals, L.P.'s market capitalisation is $1.4 B at a stock price of $28.21. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Dorchester Minerals, L.P. performing? Dorchester Minerals, L.P.'s latest readings are below. In its latest quarter, revenue rose 73.1% and profit rose 150.6% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 12 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Dorchester Minerals, L.P.'s stock price go up? This page does not forecast Dorchester Minerals, L.P.'s stock price. What it shows instead: the stock price is $28.21. Its P/E of 16.1× is higher than 27% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Dorchester Minerals, L.P. in its business cycle? Dorchester Minerals, L.P.'s FY25 operating margin was 39.0%, against a 5-year range of 39.0% to 79.5%: the low end of its own range, which is often where recoveries start. The latest quarter was 55.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Dorchester Minerals, L.P. story? The main question: the share price moved +11.7% in a year while yearly earnings per share moved −45.7%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Dorchester Minerals, L.P. a stock worth studying right now? What the numbers show: Dorchester Minerals, L.P.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.