DMLP

Dorchester Minerals, L.P.

Fundamental data last updated:September 17, 2026

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company profile

SECTOR

Energy

industry

Oil & Gas Exploration & Production

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership. Dorchester Minerals Management LP serves as the general partner of Dorchester Minerals, L.P. The company was founded in 1982 and is based in Dallas, Texas.

 


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VALUATION

P/E

18.83

Market Cap ($M USD)

$1.30B

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

7.69

PRICE TO BOOK

4.30

EV / EBITDA

9.11

5-Year Average P/E

Free Cash Flow Yield

9.49%

DCF Value

$51.56

Graham Number

$14.17

Price to FCF

10.54

EV to FCF

10.32

Earnings Yield

5.31%

FCF Yield

9.49%

DIVIDEND

Yield

9.46%

Annual Payout

$2.54

Payout Ratio

199.25%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.43

Next Year EPS Growth Estimate

N/A

Next Year Revenue Growth Estimate

N/A

Return on Equity (ROE)

21.88%

FREE CASH FLOW

Operating Margin

50.93%

Debt-to-Equity

0.00

Piotroski F-Score

6

Altman Z-Score

160.42

Return on Invested Capital (ROIC)

28.89%

Current Ratio

16.61

Quick Ratio

16.61

Net Debt to EBITDA

-0.20

Interest Coverage

0.00

Gross Profit margin

58.80%

FCF PER SHARE

$2.55

REVENUE PER SHARE

$3.49

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Gainseekers Quantitative Analysis

Summary

Dorchester Minerals, L.P. appears to be significantly undervalued when juxtaposed with its DCF Value and Graham Number, suggesting a potential mispricing by the market. The absence of a Forward P/E and the modest Earnings Yield indicate a lack of growth expectations, yet the staggering Altman Z-score underscores its financial safety. With a robust Return on Equity of 21.88% and a minimal Debt/Equity ratio, the company demonstrates strong management and operational efficiency. However, the high Payout Ratio raises questions about the sustainability of its dividend strategy.

AI Exposure / Tech Reliance

In the realm of AI and tech adaptation, Dorchester Minerals, L.P. operates in the traditional Oil & Gas sector, which is less directly impacted by digital transformation. However, advancements in AI-driven exploration and production technologies could enhance operational efficiencies. The company's ability to integrate such technologies will be crucial for maintaining competitiveness.

The Bull Case

For the discerning value or GARP investor, Dorchester Minerals, L.P. offers compelling reasons to buy. The impressive ROIC of 28.89% highlights its capital efficiency, while a solid FCF Yield suggests robust cash generation capabilities. A Piotroski F-Score of 6 indicates decent financial health, and the Operating Margin of 50.93% reflects strong pricing power. These metrics paint a picture of a company that knows how to leverage its assets effectively.

The Bear Case

Despite its strengths, Dorchester Minerals, L.P. faces notable risks. The Price/Book and Price/Sales ratios are elevated, suggesting the stock may be overvalued relative to its book and sales figures. The stock's proximity to its 52-week high further indicates potential overextension. Additionally, the Payout Ratio exceeding 199% raises red flags about the sustainability of its dividend payments, potentially straining future cash flows.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

N/A

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

0.54

Insider Buying % (6 Mo)

Distance to 52-Week High

7.74%

Distance to 52-Week Low

22.40%

EARNINGS SURPRISE %

N/A

50-DAY SMA

$27.63

200-DAY SMA

$25.17

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.