Filing Flows › Dorchester Minerals, L.P. (DMLP) › Q2 2026 › vs Q1 2026
Dorchester Minerals, L.P. (DMLP) Q2 2026 vs Q1 2026 (quarter over quarter)
Dorchester Minerals, L.P.'s revenue fell $2.8M (-5%) from $58.9M in Q1 2026 to $56.1M in Q2 2026. The biggest changes: Net Profit Interests −$6.9M (-42%); Royalties +$2.9M (+7%); Other Revenue +$825K (+155%). Operating margin 55.1% against 49.5% (+5.6 pts).
Dorchester Minerals, L.P., Q2 2026: revenue $56.1M (+73% year over year), operating margin 55.1%, net earnings $30.9M, operating cash flow $64.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 55.1% | 49.5% | +5.6 pts |
| Net margin | 55.1% | 49.5% | +5.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Royalties, Oil | $43.6M | $36.6M | $7.0M | +19% |
| Royalties, Natural Gas | $278K | $4.3M | −$4.0M | -94% |
| Royalties | $43.9M | $41.0M | $2.9M | +7% |
| Net Profit Interests | $9.6M | $16.5M | −$6.9M | -42% |
| Other Revenue | $1.4M | $532K | $825K | +155% |
| Lease Bonus | $1.2M | $849K | $384K | +45% |
| Revenue | $56.1M | $58.9M | −$2.8M | -5% |
| Operating profit | $30.9M | $29.1M | $1.7M | +6% |
| Costs & expenses | $25.2M | $29.7M | −$4.5M | -15% |
| Pre-tax earnings | $30.9M | $29.1M | $1.7M | +6% |
| Net earnings | $30.9M | $29.1M | $1.7M | +6% |
| Depreciation & amortization | $15.8M | $20.9M | −$5.1M | -24% |
| Working capital & other | $17.5M | −$26.1M | $43.7M | — |
| Operating cash flow | $64.2M | $23.9M | $40.3M | +169% |
Questions
How much did Dorchester Minerals, L.P.'s revenue grow quarter over quarter in Q2 2026?
Dorchester Minerals, L.P.'s revenue fell $2.8M (-5%) from $58.9M in Q1 2026 to $56.1M in Q2 2026.
What drove Dorchester Minerals, L.P.'s revenue change in Q2 2026?
Net Profit Interests −$6.9M (-42%); Royalties +$2.9M (+7%); Other Revenue +$825K (+155%).