Filing Flows › Dorchester Minerals, L.P. (DMLP) › Q3 2026 › vs Q3 2025
Dorchester Minerals, L.P. (DMLP) Q3 2026 vs Q3 2025 (year over year)
Dorchester Minerals, L.P.'s revenue rose $16.0M (+45%) from $35.4M in Q3 2025 to $51.4M in Q3 2026. The biggest changes: Royalties +$13.7M (+43%); Lease Bonus +$5.7M (1,424×); Other Revenue +$118K (+29%). Operating margin 53.7% against 31.5% (+22.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 53.7% | 31.5% | +22.1 pts |
| Net margin | 53.7% | 31.5% | +22.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Royalties, Oil | $41.2M | $27.8M | $13.4M | +48% |
| Royalties, Natural Gas | $4.0M | $3.8M | $249K | +7% |
| Royalties | $45.2M | $31.5M | $13.7M | +43% |
| Lease Bonus | $5.7M | $4K | $5.7M | 1,424× |
| Other Revenue | $523K | $405K | $118K | +29% |
| Revenue | $51.4M | $35.4M | $16.0M | +45% |
| Operating profit | $27.6M | $11.2M | $16.4M | +147% |
| Costs & expenses | $23.8M | $24.2M | −$415K | -2% |
| Pre-tax earnings | $27.6M | $11.2M | $16.4M | +147% |
| Net earnings | $27.6M | $11.2M | $16.4M | +147% |
| Depreciation & amortization | $15.7M | $17.0M | −$1.3M | -8% |
| Working capital & other | $312K | −$6.1M | $6.4M | — |
| Operating cash flow | $42.9M | $34.3M | $8.7M | +25% |
Questions
How much did Dorchester Minerals, L.P.'s revenue grow year over year in Q3 2026?
Dorchester Minerals, L.P.'s revenue rose $16.0M (+45%) from $35.4M in Q3 2025 to $51.4M in Q3 2026.
What drove Dorchester Minerals, L.P.'s revenue change in Q3 2026?
Royalties +$13.7M (+43%); Lease Bonus +$5.7M (1,424×); Other Revenue +$118K (+29%).