Filing Flows › Energy › Dorchester Minerals, L.P. (DMLP)
Dorchester Minerals, L.P. (DMLP) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Dorchester Minerals, L.P. (DMLP) Q3 2026 earnings results →
Q3 2026 Revenue up 45% year over year to $51.4M · 54¢ of every $1 of revenue kept as net profit · operating margin 53.7%
Dorchester Minerals, L.P. made $51.4M in Q3 2026 (+45% Y/Y): Royalties $45.2M, Lease Bonus $5.7M, Other Revenue $523K. Operating margin 53.7%, net earnings $27.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $51.4M in Q3 2026, up 45% year over year and down 8% from the previous quarter. Royalties, Oil was the largest line at 80% of revenue. Royalties, Oil added $13.4M year over year (up 48%), 84% of the total change.
Operating profit was $27.6M, a 53.7% margin (up 22.1 points year over year). Of the extra revenue versus Q3 2025, 103% reached operating profit, above the 32% margin then. Total costs fell 2% while revenue rose 45%. Net earnings were $27.6M, up 147% year over year. The effective tax rate was 0.0%.
Operating cash flow was $42.9M (up 25% year over year), 156% of net earnings. Non-cash charges added back $15.7M of depreciation and amortization.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $51.4M | +45% | 53.7% | $27.6M | $42.9M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $56.1M | +73% | 55.1% | $30.9M | $64.2M |
| Q1 2026 | 10-Q | May 6, 2026 | $58.9M | +36% | 49.5% | $29.1M | $23.9M |
| Q4 2025 | 10-K | Feb 24, 2026 | $41.9M | +5% | 38.7% | $16.2M | $34.3M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $35.4M | -34% | 31.5% | $11.2M | $34.3M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $32.4M | -13% | 38.1% | $12.3M | $30.5M |
| Q1 2025 | 10-Q | May 8, 2025 | $43.2M | +39% | 40.9% | $17.6M | $33.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Customers and suppliers named in filings
Sells to
- XOM — 15% of its revenue · Stated in 10-K (sentence) · source
- CVX — 10% of its revenue · Stated in 10-K (sentence) · source
About Dorchester Minerals, L.P.
Dorchester Minerals, L.P. is a publicly traded Delaware limited partnership that commenced operations on January 31, 2003, upon the combination of Dorchester Hugoton, Ltd., Republic Royalty Company, L.P. and Spinnaker Royalty Company, L.P. Dorchester Hugoton was a publicly traded Texas limited partnership, and Republic and Spinnaker were private Texas limited partnerships. We have established a website at www.dmlp.net that contains the last annual meeting presentation. You may obtain all current filings free of charge through our website. We will provide electronic or paper copies of our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished to the Securities and Exchange Commission (“SEC”) free of charge upon written request at our executive offices.
In its own words, from its 10-K, filed Feb 24, 2026.
Dorchester Minerals, L.P. against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +45% against the peers' median +46%. Operating margin: 53.7% against the peers' median 33.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DMLP Dorchester Minerals, L.P. | Q3 2026 | $51.4M | +45% | 53.7% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Dorchester Minerals, L.P. 10-Q on SEC EDGAR · CIK 1172358 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns DMLP and who is buying
More on DMLP
- How Dorchester Minerals, L.P. makes money: revenue by segment
- Dorchester Minerals, L.P. stock forecast, price target and fair value
- Who owns Dorchester Minerals, L.P. stock: holders, funds and Congress trades
- Dorchester Minerals, L.P. guidance and outlook
- Is Dorchester Minerals, L.P. a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
Compare DMLP with
- Dorchester Minerals, L.P. vs TXO Partners, L.P. (DMLP vs TXO)
- Dorchester Minerals, L.P. vs Sandridge Energy (DMLP vs SD)
- Dorchester Minerals, L.P. vs Amplify Energy (DMLP vs AMPY)
- Dorchester Minerals, L.P. vs Battalion Oil (DMLP vs BATL)
- Dorchester Minerals, L.P. vs Pedevco (DMLP vs PED)
- Dorchester Minerals, L.P. vs Primeenergy Resources (DMLP vs PNRG)