Filing Flows › Dorchester Minerals, L.P. (DMLP) › Q2 2026 › vs Q2 2025
Dorchester Minerals, L.P. (DMLP) Q2 2026 vs Q2 2025 (year over year)
Dorchester Minerals, L.P.'s revenue rose $23.7M (+73%) from $32.4M in Q2 2025 to $56.1M in Q2 2026. The biggest changes: Royalties +$19.5M (+80%); Net Profit Interests +$5.8M (+153%); Lease Bonus −$2.5M (-67%). Operating margin 55.1% against 38.1% (+16.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 55.1% | 38.1% | +16.9 pts |
| Net margin | 55.1% | 38.1% | +16.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Royalties, Oil | $43.6M | $22.6M | $21.1M | +93% |
| Royalties, Natural Gas | $278K | $1.9M | −$1.6M | -85% |
| Royalties | $43.9M | $24.4M | $19.5M | +80% |
| Net Profit Interests | $9.6M | $3.8M | $5.8M | +153% |
| Other Revenue | $1.4M | $473K | $884K | +187% |
| Lease Bonus | $1.2M | $3.7M | −$2.5M | -67% |
| Revenue | $56.1M | $32.4M | $23.7M | +73% |
| Operating profit | $30.9M | $12.3M | $18.5M | +150% |
| Costs & expenses | $25.2M | $20.0M | $5.2M | +26% |
| Pre-tax earnings | $30.9M | $12.3M | $18.5M | +150% |
| Net earnings | $30.9M | $12.3M | $18.5M | +150% |
| Depreciation & amortization | $15.8M | $14.7M | $1.1M | +8% |
| Working capital & other | $17.5M | $3.5M | $14.1M | +406% |
| Operating cash flow | $64.2M | $30.5M | $33.7M | +110% |
Questions
How much did Dorchester Minerals, L.P.'s revenue grow year over year in Q2 2026?
Dorchester Minerals, L.P.'s revenue rose $23.7M (+73%) from $32.4M in Q2 2025 to $56.1M in Q2 2026.
What drove Dorchester Minerals, L.P.'s revenue change in Q2 2026?
Royalties +$19.5M (+80%); Net Profit Interests +$5.8M (+153%); Lease Bonus −$2.5M (-67%).