Filing Flows › Dorchester Minerals, L.P. (DMLP) › Q3 2026
Dorchester Minerals, L.P. (DMLP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Dorchester Minerals, L.P. (DMLP) reported revenue of $51.4M for the third quarter 2026 (Q3 2026), +45% from a year earlier and -8% from the quarter before. Operating margin was 53.7%, net earnings $27.6M (53.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.4M | -8% | +45% |
| Operating profit | $27.6M | -11% | +147% |
| Net earnings | $27.6M | -11% | +147% |
| Operating cash flow | $42.9M | -33% | +25% |
What changed
Revenue was $51.4M in Q3 2026, up 45% year over year and down 8% from the previous quarter. Royalties, Oil was the largest line at 80% of revenue. Royalties, Oil added $13.4M year over year (up 48%), 84% of the total change.
Operating profit was $27.6M, a 53.7% margin (up 22.1 points year over year). Of the extra revenue versus Q3 2025, 103% reached operating profit, above the 32% margin then. Total costs fell 2% while revenue rose 45%. Net earnings were $27.6M, up 147% year over year. The effective tax rate was 0.0%.
Operating cash flow was $42.9M (up 25% year over year), 156% of net earnings. Non-cash charges added back $15.7M of depreciation and amortization.
Questions
What was Dorchester Minerals, L.P.'s revenue in the third quarter 2026?
Dorchester Minerals, L.P.
Was Dorchester Minerals, L.P. profitable in the third quarter 2026?
Operating profit was $27.6M (53.7% of revenue) and net earnings $27.6M.