Dorchester Minerals, L.P. is engaged in the acquisition, ownership, and management of both producing and non-producing royalty, net profit, and leasehold interests ...
Dorchester Minerals, L.P. is an energy-focused mineral and royalty company headquartered in Dallas, Texas, and traded on the Nasdaq Global Select Market under the symbol DMLP. The company reported that it was established in 1982, while its publicly traded limited-partnership operations commenced on January 31, 2003, following the combination of ...Dorchester Minerals, L.P. is an energy-focused mineral and royalty company headquartered in Dallas, Texas, and traded on the Nasdaq Global Select Market under the symbol DMLP. The company reported that it was established in 1982, while its publicly traded limited-partnership operations commenced on January 31, 2003, following the combination of predecessor assets including Dorchester Hugoton. Dorchester Minerals Management LP serves as the general partner.
The company’s business model is centered on owning interests in oil and natural-gas properties rather than directly operating a large drilling fleet. Its portfolio includes mineral interests, royalty interests, overriding royalty interests, net profits interests, and leasehold interests. These assets are distributed across a broad U.S. geographic footprint, covering approximately 582 counties and parishes in 26 states according to the supplied company information. Dorchester receives payments when production occurs on properties subject to its interests, generally without bearing the same level of direct drilling, completion, operating, or capital-expenditure obligations as an exploration and production company.
This structure gives DMLP an asset-light operating profile. The company does not appear to require a conventional manufacturing bill of materials, and its direct cost base is primarily associated with administration, partnership management, legal and professional services, property-related expenses, and other corporate overhead. The company’s supplied trailing-twelve-month data shows no reported capital expenditures, a very low debt-to-assets ratio of approximately 1.1%, and strong liquidity, including a current ratio of about 13.9. These characteristics reflect a royalty-oriented business whose cash flow can be distributed to unitholders rather than reinvested heavily in drilling infrastructure.
Financially, the supplied data indicates approximately $1.26 billion in market capitalization, trailing revenue of roughly $192 million based on the reported enterprise-value-to-sales relationship, free cash flow of approximately $181 million, and a net profit margin of about 45.7%. Its trailing dividend or distribution yield was reported at approximately 12.2%, although partnership distributions can fluctuate with commodity prices, production volumes, operator activity, and realized oil and gas prices. Key risks include commodity-price volatility, declining production from mature properties, regulatory and environmental requirements, reserve and acreage concentration, and changes in tax treatment applicable to publicly traded partnerships.
Bradley J. Ehrman is identified as chief executive officer. The company had 26 full-time employees, placing it in the 0-100 employee category. Overall, Dorchester Minerals is best characterized as a diversified U.S. oil-and-gas mineral and royalty owner, emphasizing recurring production-linked cash flows, limited operating capital requirements, balance-sheet conservatism, and distributions to investors rather than direct field operations.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$152.8M
-5.4%
-4.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$57.4M
-38.0%
+6.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+46.2%
-28.4%
+76.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+37.5%
-34.4%
+11.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+37.5%
-34.4%
+11.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$132.5M
-0.1%
+168.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+86.7%
+5.6%
+181.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.3%
-12.3%
+386.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
15.54x
-2.7%
-16.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.