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TXO Partners, L.P. vs Dorchester Minerals, L.P.: TXO and DMLP compared
TXO Partners, L.P. is the larger company: $55.1M of revenue in its latest quarter (Q3 2026) against $51.4M for Dorchester Minerals, L.P. (Q3 2026). Dorchester Minerals, L.P. is growing faster (+45% against -45% a year earlier). Dorchester Minerals, L.P. is more profitable, with an operating margin of 53.7% against -70.1%.
Where the money goes: TXO and DMLP
TXO Partners, L.P. (TXO) · Q3 2026
TXO Partners, L.P., Q3 2026: revenue $55.1M (-45% year over year), operating margin -70.1%, net loss $32.1M, operating cash flow $33.7M. The chart follows the revenue to costs, profit and cash.
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.
| TXO Partners, L.P. (TXO) | Dorchester Minerals, L.P. (DMLP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $55.1M | $51.4M |
| Revenue growth, Y/Y | -45% | +45% |
| Operating margin | -70.1% | 53.7% |
| Net earnings | −$32.1M | $27.6M |
| Net margin | -58.2% | 53.7% |
| Operating cash flow | $33.7M | $42.9M |
| Market value | — | $1.5B |
| P/E | — | 16.7× |
Where the revenue comes from
TXO Partners, L.P.
- Oil and Condensate: $29.8M (54%)
- Natural Gas Reserves: $15.0M (27%)
- Natural Gas Liquids Reserves: $10.2M (19%)
Dorchester Minerals, L.P.
- Royalties: $45.2M (88%)
- Lease Bonus: $5.7M (11%)
- Other Revenue: $523K (1%)
Questions
Which is bigger, TXO Partners, L.P. or Dorchester Minerals, L.P.?
TXO Partners, L.P. is the larger company: $55.1M of revenue in its latest quarter (Q3 2026) against $51.4M for Dorchester Minerals, L.P. (Q3 2026).
Is TXO Partners, L.P. or Dorchester Minerals, L.P. growing faster?
Dorchester Minerals, L.P. is growing faster (+45% against -45% a year earlier).
Which is more profitable, TXO Partners, L.P. or Dorchester Minerals, L.P.?
Dorchester Minerals, L.P. is more profitable, with an operating margin of 53.7% against -70.1%.
More: TXO Partners, L.P. earnings · how TXO Partners, L.P. makes money · Dorchester Minerals, L.P. earnings · how Dorchester Minerals, L.P. makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.