Filing Flows › Comparisons › DMLP vs BATL
Dorchester Minerals, L.P. vs Battalion Oil: DMLP and BATL compared
Dorchester Minerals, L.P. is the larger company: $51.4M of revenue in its latest quarter (Q3 2026) against $48.1M for Battalion Oil (Q2 2026). Dorchester Minerals, L.P. is growing faster (+45% against +12% a year earlier). Dorchester Minerals, L.P. is more profitable, with an operating margin of 53.7% against 14.1%.
Where the money goes: DMLP and BATL
Dorchester Minerals, L.P. (DMLP) · Q3 2026
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.
Battalion Oil (BATL) · Q2 2026
Battalion Oil, Q2 2026: revenue $48.1M (+12% year over year), operating margin 14.1%, net earnings $15.5M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Dorchester Minerals, L.P. (DMLP) | Battalion Oil (BATL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $51.4M | $48.1M |
| Revenue growth, Y/Y | +45% | +12% |
| Operating margin | 53.7% | 14.1% |
| Net earnings | $27.6M | $15.5M |
| Net margin | 53.7% | 32.2% |
| Operating cash flow | $42.9M | $8.8M |
| Free cash flow | — | $4.6M |
| Market value | $1.5B | — |
| P/E | 16.7× | — |
Where the revenue comes from
Dorchester Minerals, L.P.
- Royalties: $45.2M (88%)
- Lease Bonus: $5.7M (11%)
- Other Revenue: $523K (1%)
Questions
Which is bigger, Dorchester Minerals, L.P. or Battalion Oil?
Dorchester Minerals, L.P. is the larger company: $51.4M of revenue in its latest quarter (Q3 2026) against $48.1M for Battalion Oil (Q2 2026).
Is Dorchester Minerals, L.P. or Battalion Oil growing faster?
Dorchester Minerals, L.P. is growing faster (+45% against +12% a year earlier).
Which is more profitable, Dorchester Minerals, L.P. or Battalion Oil?
Dorchester Minerals, L.P. is more profitable, with an operating margin of 53.7% against 14.1%.
More: Dorchester Minerals, L.P. earnings · how Dorchester Minerals, L.P. makes money · Battalion Oil earnings · how Battalion Oil makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.