Filing Flows › Dorchester Minerals, L.P. (DMLP) › Q2 2026
Dorchester Minerals, L.P. (DMLP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Dorchester Minerals, L.P. (DMLP) reported revenue of $56.1M for the second quarter 2026 (Q2 2026), +73% from a year earlier and -5% from the quarter before. Operating margin was 55.1%, net earnings $30.9M (55.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.1M | -5% | +73% |
| Operating profit | $30.9M | +6% | +150% |
| Net earnings | $30.9M | +6% | +150% |
| Operating cash flow | $64.2M | +169% | +110% |
What changed
Revenue was $56.1M in Q2 2026, up 73% year over year and down 5% from the previous quarter. Royalties, Oil was the largest line at 78% of revenue. Royalties, Oil added $21.1M year over year (up 93%), 89% of the total change. Royalties, Natural Gas declined 85%.
Operating profit was $30.9M, a 55.1% margin (up 16.9 points year over year). Of the extra revenue versus Q2 2025, 78% reached operating profit, above the 38% margin then. Total costs grew 26% against revenue growth of 73%. Net earnings were $30.9M, up 150% year over year. The effective tax rate was 0.0%.
Operating cash flow was $64.2M (up 110% year over year), 208% of net earnings. Non-cash charges added back $15.8M of depreciation and amortization. Working capital and other items added $17.5M.
Questions
What was Dorchester Minerals, L.P.'s revenue in the second quarter 2026?
Dorchester Minerals, L.P.
Was Dorchester Minerals, L.P. profitable in the second quarter 2026?
Operating profit was $30.9M (55.1% of revenue) and net earnings $30.9M.