Filing Flows › Dorchester Minerals, L.P. (DMLP) › How it makes money
How Dorchester Minerals, L.P. (DMLP) makes money
Dorchester Minerals, L.P. (DMLP) made $51.4M of revenue in the third quarter 2026 (Q3 2026), +61% from a year earlier. Royalties brought in $45.2M (88%); Lease Bonus brought in $5.7M (11%); Other Revenue brought in $523K (1%). Of every dollar of revenue, 54¢ was left as operating profit, 54¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Royalties | $45.2M | 87.9% | +3% | +43% |
| ↳ Royalties, Oil | $41.2M | 80.1% | -6% | +48% |
| ↳ Royalties, Natural Gas | $4.0M | 7.8% | 14× | +7% |
| Lease Bonus | $5.7M | 11.1% | +362% | 1,424× |
| Other Revenue | $523K | 1.0% | -61% | +29% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $51.4M | 100.0% |
| Operating profit | $27.6M | 53.7% |
| Net earnings | $27.6M | 53.7% |
| Operating cash flow | $42.9M | 83.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $51.4M | +45% |
| Q2 2026 | $56.1M | +73% |
| Q1 2026 | $58.9M | +36% |
| Q4 2025 | $41.9M | +5% |
| Q3 2025 | $35.4M | -34% |
| Q2 2025 | $32.4M | -13% |
| Q1 2025 | $43.2M | +39% |
From Dorchester Minerals, L.P.'s 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Dorchester Minerals, L.P. make money?
Dorchester Minerals, L.P. (DMLP) made $51.4M of revenue in the third quarter 2026 (Q3 2026), +61% from a year earlier. Royalties brought in $45.2M (88%); Lease Bonus brought in $5.7M (11%); Other Revenue brought in $523K (1%). Of every dollar of revenue, 54¢ was left as operating profit, 54¢ was left as net earnings.
What is Dorchester Minerals, L.P.'s biggest business?
Royalties: $45.2M in the third quarter 2026, 88% of revenue, +43% from a year earlier.
What is Dorchester Minerals, L.P.'s profit margin?
Net earnings were $27.6M, 53.7% of revenue, in the third quarter 2026; the operating margin was 53.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.