Dorchester Minerals (DMLP)
Collects income from mineral and royalty interests across U.S. oil-and-gas properties.
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Owns mineral and royalty interests and a net-profits interest tied to U.S. oil-and-gas properties. Its partnership agreement directs available cash to quarterly distributions, making third-party production and commodity economics central to cash generation.
Owns producing and nonproducing mineral, royalty, overriding-royalty, net-profits, and leasehold interests in oil-and-gas properties across the United States. It also receives monthly payments through a net-profits interest in properties held by its operating partnership.
Rather than operating wells, the partnership collects revenue generated by third-party activity on its underlying properties. Its portfolio spans hundreds of counties and parishes across many states, including additions in Colorado.
The partnership agreement calls for quarterly distributions of available cash, subject to its stated definition and acquisition reserves. Cash generation therefore depends on the level and economics of oil-and-gas production from the properties in which it holds interests.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $72.5M · Total debt $3.5M · Total assets $314.0M · Shareholders' equity $303.7M
- Revenue
- $56.1M
- Operating income
- $30.9M
- Net income
- $30.9M
HistoryDividendAnnual yield
| Institutions | ≈ 22.81% | 11.20M shares | |
|---|---|---|---|
| 159 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.83% | 2.86M shares | |
| 7 holders · as of Aug 19, 2026 | |||
| Strategic holders | 0.14% | 70.0K shares | |
| 1 holder · as of Jun 2, 2026 | |||
| Other | ≈ 71.22% | 34.96M shares | |
| remainder | |||
49.09M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
John R. Howard, Jr.Insider | 5.17% | 2.54M | filed Nov 25, 2024 |
Morgan StanleyInstitution | 2.12% | 1.04M | as of Jun 30, 2026 |
Adams Asset Advisors, LLCInstitution | 1.86% | 910,934 | as of Jun 30, 2026 |
Horizon Kinetics Asset Management LLCInstitution | 1.74% | 852,651 | as of Jun 30, 2026 |
Turtle Creek Wealth Advisors, LLCInstitution | 1.72% | 842,225 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Leslie A. Moriyama | officer: Chief Financial Officer | +5,197 | $28.30 |
| Jun 1, 2026 | Dorchester Minerals Operating LP | other: Entity Under Common Control | +7,500 | $27.56 |
| May 20, 2026 | Dorchester Minerals Operating LP | other: Entity Under Common Control | +7,500 | $28.30 |
| May 12, 2026 | Bradley J. Ehrman | officer: Chief Executive Officer | +4,000 | $26.78 |
| Feb 11, 2026 | Dorchester Minerals Operating LP | other: Entity Under Common Control | +10,000 | $25.29 |
- Kimbell Royalty Partners
Nationwide mineral-and-royalty owner with an overlapping 28-state footprint
- Black Stone Minerals
Large, diversified owner and manager of U.S. mineral and royalty interests
- Viper Energy
Large Permian-focused buyer and holder of oil-and-gas mineral royalties
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dorchester Minerals | $29.32 | +0.75% | $1.40B | 16.1 | — | 7.3 | +73.1% |
| Kimbell Royalty Partners | $14.55 | +1.78% | $1.41B | 21.9 | 13.6 | 3.8 | +30.0% |
| Black Stone Minerals | $14.83 | +0.47% | $3.14B | 12.2 | 14.2 | 6.5 | +39.6% |
| Viper Energy | $41.57 | +1.96% | $14.68B | 313.6 | 16.8 | 7.5 | +128.0% |
| Median | 21.9 | 14.2 | 6.5 | +39.6% |