Filing Flows › Dorchester Minerals, L.P. (DMLP) › Q3 2026 › vs Q2 2026
Dorchester Minerals, L.P. (DMLP) Q3 2026 vs Q2 2026 (quarter over quarter)
Dorchester Minerals, L.P.'s revenue fell $4.7M (-8%) from $56.1M in Q2 2026 to $51.4M in Q3 2026. The biggest changes: Lease Bonus +$4.5M (+362%); Royalties +$1.3M (+3%); Other Revenue −$834K (-61%). Operating margin 53.7% against 55.1% (-1.4 pts).
Dorchester Minerals, L.P., Q3 2026: revenue $51.4M (+45% year over year), operating margin 53.7%, net earnings $27.6M, operating cash flow $42.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 53.7% | 55.1% | -1.4 pts |
| Net margin | 53.7% | 55.1% | -1.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Royalties, Oil | $41.2M | $43.6M | −$2.4M | -6% |
| Royalties, Natural Gas | $4.0M | $278K | $3.7M | 14× |
| Royalties | $45.2M | $43.9M | $1.3M | +3% |
| Lease Bonus | $5.7M | $1.2M | $4.5M | +362% |
| Other Revenue | $523K | $1.4M | −$834K | -61% |
| Revenue | $51.4M | $56.1M | −$4.7M | -8% |
| Operating profit | $27.6M | $30.9M | −$3.3M | -11% |
| Costs & expenses | $23.8M | $25.2M | −$1.4M | -5% |
| Pre-tax earnings | $27.6M | $30.9M | −$3.3M | -11% |
| Net earnings | $27.6M | $30.9M | −$3.3M | -11% |
| Depreciation & amortization | $15.7M | $15.8M | −$143K | -0.9% |
| Working capital & other | $312K | −$17.5M | $17.8M | — |
| Operating cash flow | $42.9M | $64.2M | −$21.3M | -33% |
Questions
How much did Dorchester Minerals, L.P.'s revenue grow quarter over quarter in Q3 2026?
Dorchester Minerals, L.P.'s revenue fell $4.7M (-8%) from $56.1M in Q2 2026 to $51.4M in Q3 2026.
What drove Dorchester Minerals, L.P.'s revenue change in Q3 2026?
Lease Bonus +$4.5M (+362%); Royalties +$1.3M (+3%); Other Revenue −$834K (-61%).