# Dorchester Minerals, L.P.: overview

DMLP · Nasdaq · CIK 1172358 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/dmlp.md) · [Financials](/companies/dmlp/financials.md) · [Filings](/companies/dmlp/filings.md) · [Insiders](/companies/dmlp/insiders.md)

Latest reported revenue: [$56.1m](/filings/0001437749-26-026367.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001437749-26-026367).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [53.5](/filings/0001437749-25-033599.md) | [39.7 d](/filings/0001437749-26-005376.md) | [43.2](/filings/0001437749-26-015255.md) | [32.4](/filings/0001437749-26-026367.md) | [35.4](/filings/0001437749-25-033599.md) | [41.9 d](/filings/0001437749-26-005376.md) | [58.9](/filings/0001437749-26-015255.md) | [56.1](/filings/0001437749-26-026367.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [68.1%](/filings/0001437749-25-033599.md) | [35.9% d](/filings/0001437749-26-005376.md) | [40.9%](/filings/0001437749-26-015255.md) | [38.1%](/filings/0001437749-26-026367.md) | [31.5%](/filings/0001437749-25-033599.md) | [38.7% d](/filings/0001437749-26-005376.md) | [49.5%](/filings/0001437749-26-015255.md) | [55.1%](/filings/0001437749-26-026367.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [93.4](/filings/0001437749-24-005193.md) | [171](/filings/0001437749-25-004616.md) | [164](/filings/0001437749-26-005376.md) | [162](/filings/0001437749-26-005376.md) | [153](/filings/0001437749-26-005376.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [75.1%](/filings/0001437749-24-005193.md) | [76.5%](/filings/0001437749-25-004616.md) | [69.7%](/filings/0001437749-26-005376.md) | [57.2%](/filings/0001437749-26-005376.md) | [37.5%](/filings/0001437749-26-005376.md) |
| Diluted EPS | $ per share | [1.94](/filings/0001437749-22-004351.md) | not reported | not reported | not reported | not reported |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/dmlp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $26.2m | 1,039,501 |  | Reduced −739,211 |
| [Adams Asset Advisors, LLC](/funds/1386929.md) | 2026-06-30 | $23.0m | 910,934 |  | Added +22,670 |
| [HORIZON KINETICS ASSET MANAGEMENT LLC](/funds/1056823.md) | 2026-06-30 | $21.5m | 852,651 |  | Reduced −7,575 |
| [Turtle Creek Wealth Advisors, LLC](/funds/2007171.md) | 2026-06-30 | $21.3m | 842,225 |  | New +842,225 |
| [Hollow Brook Wealth Management LLC](/funds/1455251.md) | 2026-06-30 | $20.3m | 803,023 |  | Unchanged |
| [MidFirst Bank](/funds/2077076.md) | 2026-06-30 | $12.6m | 500,743 |  | Added +6,590 |
| [Meixler Investment Management, Ltd.](/funds/1911615.md) | 2026-06-30 | $9.3m | 369,041 |  | Reduced −15,728 |
| [Pathstone Holdings, LLC](/funds/2011612.md) | 2026-06-30 | $9.1m | 359,480 |  | Added +351,000 |
| [ROYCE & ASSOCIATES LP](/funds/906304.md) | 2026-06-30 | $8.6m | 338,629 |  | Unchanged |
| [ArchPoint Investors](/funds/1483472.md) | 2026-06-30 | $7.9m | 314,184 |  | Reduced −185,714 |

## Recent filings

[All 622 filings](/companies/dmlp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 20:14 ET | [8-K](/filings/0001437749-26-033272.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-033272 |
| 2026-10-20 | 15:46 ET | [8-K](/filings/0001437749-26-032990.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-032990 |
| 2026-08-07 | 00:18 ET | [8-K](/filings/0001437749-26-026405.md) | 2.02 Results of operations; 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-026405 |
| 2026-08-06 | 21:26 ET | [10-Q](/filings/0001437749-26-026367.md) | Quarterly report, period 2026-06-30 | 0001437749-26-026367 |
| 2026-08-03 | 20:53 ET | [8-K](/filings/0001437749-26-025470.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001437749-26-025470 |
| 2026-07-23 | 20:02 ET | [8-K](/filings/0001437749-26-024295.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-024295 |
| 2026-07-06 | 21:03 ET | [8-K](/filings/0001437749-26-022814.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001437749-26-022814 |
| 2026-05-15 | 20:07 ET | [8-K](/filings/0001437749-26-017379.md) | 5.07 Shareholder vote results | 0001437749-26-017379 |
| 2026-05-12 | 20:34 ET | [8-K](/filings/0001437749-26-016449.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-016449 |
| 2026-05-06 | 21:19 ET | [10-Q](/filings/0001437749-26-015255.md) | Quarterly report, period 2026-03-31 | 0001437749-26-015255 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-005376.md), filed Feb 24, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1172358
- Tickers: DMLP
- Exchange: Nasdaq
- SIC code: 1311 Crude Petroleum & Natural Gas
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:35 ET. No prices; not investment advice.